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 provides intermediate-term bridge or transitional financing for various purposes, including acquisitions, recapitalizations, and refinancing, as well as a range of business plans, including lease-up, renovation, repositioning, and repurposing of the commercial property. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York.
CRE Lending Challenges | Granite Point Mortgage Trust navigates a complex commercial real estate landscape, facing credit quality concerns and market uncertainties in its loan portfolio |
Portfolio Performance | Explore GPMT's $2.1 billion loan portfolio, heavily weighted towards office and multifamily properties, and its progress in resolving non-performing loans |
Financial Resilience | Delve into GPMT's capital management strategies, including share repurchases and dividend adjustments, as it maintains $75 million in available liquidity |
Market Valuation | Analysts suggest a $2.75 price target, with GPMT trading at a significant discount to peers, reflecting both risks and potential upside in the evolving CRE market |
Metrics to compare | GPMT | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipGPMTPeersSector | |
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P/E Ratio | −1.3x | 5.5x | 9.5x | |
PEG Ratio | −0.03 | 0.04 | 0.03 | |
Price/Book | 0.2x | 0.6x | 1.0x | |
Price / LTM Sales | −2.8x | 3.1x | 2.8x | |
Upside (Analyst Target) | −3.7% | 32.0% | 13.3% | |
Fair Value Upside | Unlock | 6.9% | 1.6% | Unlock |