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Effective URL: https://www.gpmtreit.com/
Submission: On March 28 via manual from MY — Scanned from DE
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Skip to main content Skip to footer * Home * About * Overview * Executive Team * Board of Directors * Senior Investment Team * Our History * Our Portfolio * News & Media * Press Releases * IR Calendar * Presentations * Investors * Overview * News & Events * Company Info * Financial Info * Stock Data * SEC Filings * Corporate Governance * ESG * Overview * Environmental * Social * Governance * Careers * Contact GRANITE POINT MORTGAGE TRUST INC. PROVIDING LONG-TERM, FUNDAMENTAL VALUE FOR INVESTORS Granite Point Mortgage Trust Inc. is a commercial real estate finance company that focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. About Our Company LATEST EARNINGS Press Release 10-K Filing LATEST INVESTOR PRESENTATION View Presentation LATEST NEWS Mar 22, 2023 GRANITE POINT MORTGAGE TRUST INC. ANNOUNCES $269 MILLION REFINANCING OF LEGACY CRE CLO Mar 16, 2023 GRANITE POINT MORTGAGE TRUST INC. ANNOUNCES FIRST QUARTER 2023 COMMON AND PREFERRED STOCK DIVIDENDS Feb 28, 2023 GRANITE POINT MORTGAGE TRUST INC. ANNOUNCES 2023 ANNUAL MEETING OF STOCKHOLDERS View All A HIGH CREDIT QUALITY AND WELL-DIVERSIFIED PORTFOLIO Our investment portfolio is comprised of 99% senior first mortgages and over 98% floating rate loans, with $3.6 billion1 in total commitments, and is broadly diversified across several property types, geographies, and sponsors. 1Includes maximum loan commitments. Principal balance of $3.4 billion. View Our Portfolio 90 Number of Loans $3.6B Total Loan Commitments $3.4B UPB L+/S+3.61% Weighted-average Cash Coupon L+/S+4.05% Weighted-average All-in Yield 62.9% Stabilized LTV at Origination As of Sep. 30, 2022 • 10-Q Q3 2022 RECENT TRANSACTIONS We focus on originating transactions that involve investing in and managing properties of various types across a wide range of locations. The following are select case studies1 that exemplify the breadth of our diverse, high-quality portfolio. 1 For illustrative purposes only. BOSTON INDUSTRIAL LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 03/2022 COLLATERAL 586,590 SF Industrial Property LOCATION Leominster, MA COMMITTED AMOUNT $50 million COUPON S + 3.25% STABILIZED LTV 60.8% INVESTMENT RATIONALE Acquisition with ability to renew anchor tenant or lease to new tenants at higher rental rates. ARKANSAS MULTIFAMILY LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 10/2021 COLLATERAL 264 Unit Garden Style Multifamily Property LOCATION Jonesboro, AR COMMITTED AMOUNT $32 million COUPON L + 3.15% STABILIZED LTV 63.1% INVESTMENT RATIONALE Acquisition with opportunity to increase rents based on strong demographic/economic trends and as pandemic concessions burn-off. ATLANTA INDUSTRIAL LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 10/2021 COLLATERAL 618,301 SF Industrial Property LOCATION Atlanta, GA COMMITTED AMOUNT $26 million COUPON L + 3.15% STABILIZED LTV 64.5% INVESTMENT RATIONALE Acquisition with strong in-place cash flow supported by a long term lease. DENVER OFFICE LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 02/2022 COLLATERAL 194,575 SF Office Building LOCATION Greenwood Village, CO COMMITTED AMOUNT $23 million COUPON S + 3.90% STABILIZED LTV 60.2% INVESTMENT RATIONALE Refinancing of a recently renovated, well-located office building with opportunity to increase rents and occupancy to market levels. PITTSBURGH MIXED USE LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 11/2021 COLLATERAL 258,385 SF Mixed-use Property LOCATION Pittsburgh, PA COMMITTED AMOUNT $53 million COUPON L + 3.40% STABILIZED LTV 63.5% INVESTMENT RATIONALE Well-located landmark property with multifamily, office, event space and parking. Sponsor to finish capital plan and increase rents to market level. BIRMINGHAM MULTIFAMILY LOAN TYPE Floating-Rate Senior Loan INVESTMENT DATE 11/2021 COLLATERAL 323 Unit Garden Style Multifamily Property LOCATION Hoover, AL COMMITTED AMOUNT $33 million COUPON L + 3.18% STABILIZED LTV 68.1% INVESTMENT RATIONALE Acquisition with opportunity to renovate unit interiors, exteriors and amenities and increase rents to market levels. LED BY COMMERCIAL REAL ESTATE FINANCE VETERANS Our executive team consists of seasoned professionals who possess broad investment management expertise, extensive industry relationships, and on average over 20 years of experience in the commercial real estate debt markets – much of that time working together. Our Executive Team Our Board of Directors EMAIL ALERTS Sign up today and receive company updates straight to your inbox. Sign Up Today INVESTOR RELATIONS GRANITE POINT MORTGAGE TRUST INC. March 28, 2023 1:07 PM EDT View Investor Relations NYSE: GPMTMarket/Symbol $4.95Price -0.01 (-0.20%)Change 368.06kVolume $4.95 - $5.015Day Range $4.76 - $11.5752 Week Range * LinkedIn ©2023 Granite Point Mortgage Trust Inc. All Rights Reserved. Privacy Policy Disclaimer Sitemap Market Data copyright © 2023 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.