Headquartered in New York, NY Fiscal year ends December NYSE: GPMT gpmtreit.com
Granite Point Mortgage Trust Inc. is an internally managed commercial real estate finance company operating as a REIT. It focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company's portfolio consists of 100% senior loans, 97% floating rate, across 38 loan investments with total commitments of approximately $1.5 billion. The portfolio is diversified across property types including office (48.6%), multifamily (30.6%), industrial (9.3%), and hotel (6.9%), and geographically across the Northeast, Southwest, Southeast, West, and Midwest regions. The company funds its operations through repurchase facilities, collateralized loan obligations (CLOs), a secured credit facility, mortgage loan payable, and loan participations sold. It also holds two REO assets. Granite Point trades on the NYSE under the symbol GPMT and has a 7.00% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock outstanding. Updated
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Granite Point Mortgage Trust Inc. is an internally managed commercial real estate finance company operating as a REIT. It focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments.
The Wall Street consensus 12-month price target for GPMT is $11.50.
