Granite Point Mortgage Trust Inc. (GPMT)
Granite Point Mortgage Trust Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in New York, NY, US. The stock last traded at $1.22, down 2.40% on the session, giving a market capitalisation of $58.5M. On trailing twelve-month figures it carries a trailing P/E of -0.61, a net margin of -66.3%. Its beta of 1.63 implies it has historically moved more than the broad market.
Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments in the United States. The company offers intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, such as lease-up, renovation, repositioning, and repurposing of the commercial property. It also originates and invests in mezzanine loans, subordinated mortgage interests, and other real estate securities, as well as preferred equity investments, unsecured notes, and other investments that are subordinated or otherwise junior in an issuer’s capital structure. The company was founded in 2015 and is headquartered in New York, New York.
Granite Point Mortgage Trust Inc. is most often compared with the following Real Estate names: