Granite Point Mortgage Trust Inc

NYSE: gpmt
Asset Type Stock
Exchange NYSE
Currency USD
Country USA
Sector REAL ESTATE & CONSTRUCTION
Industry REAL ESTATE INVESTMENT TRUSTS
Address 3 BRYANT PARK, SUITE 2400A, NEW YORK, NY, US
Fiscal Year End December
Latest Quarter 12/31/2023
Market Cap 241.76M USD
Shares Outstanding 50,578,000
Granite Point Mortgage Trust Inc specializes in providing intermediate-term financing solutions to commercial real estate projects across the United States. As a real estate investment trust (REIT), it focuses on senior floating-rate commercial mortgage loans and similar investments. The company supports a variety of commercial property ventures, including acquisitions, renovations, and repositioning, by offering bridge or transitional financing. Founded in 2015 and based in New York, it benefits from REIT status, aiming to distribute the majority of its taxable income to shareholders, thereby avoiding federal corporate income taxes.
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