Granite Point Mortgage Trust Inc.GPMT
What Granite Point Mortgage Trust Inc. does.
Granite Point Mortgage Trust Inc. is an internally managed real estate finance company that focuses primarily on directly originating, investing in and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Our investment objective is to preserve our stockholders’ capital while generating attractive risk-adjusted returns over the long term, primarily through dividends derived from current income produced by our investment portfolio. We operate as a REIT, as defined under the Internal Revenue Code of 1986, as amended, or the Code. We were incorporated in Maryland on April 7, 2017, and commenced operations as a publicly traded company on June 28, 2017.
The terms “Granite Point,” “we,” “our,” “us” and the “Company” refer to Granite Point Mortgage Trust Inc. and its subsidiaries as a consolidated entity.
We have elected to be treated as a REIT for U.S. federal income tax purposes. To qualify as a REIT, we are required to meet certain investment and operating tests and annual distribution requirements. We generally will not be subject to U.S. federal income taxes on our taxable income to the extent that we annually distribute all of our net taxable income to stockholders, do not participate in prohibited transactions and maintain our intended qualification as a REIT. However, certain activities that we may perform may cause us to earn income which will not be qualifying income for REIT purposes. We have designated one of our subsidiaries as a taxable REIT subsidiary, or TRS, as defined in the Code, to engage in such activities, and we may form additional TRSs in the future. We also operate our business in a manner intended to maintain our exclusion from registration under the Investment Company Act.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | -$40.4M | $68.4M | -$40.8M | -$63.2M | -$207.1M | -$41.2M |
More on GPMT.
- Granite Point Mortgage Trust Inc. summary
- Granite Point Mortgage Trust Inc. financial statements
- Granite Point Mortgage Trust Inc. key metrics
- Granite Point Mortgage Trust Inc. health scores and style box
- Granite Point Mortgage Trust Inc. earnings
- Granite Point Mortgage Trust Inc. dividends
- Granite Point Mortgage Trust Inc. valuation
- Granite Point Mortgage Trust Inc. ownership and insiders
- Granite Point Mortgage Trust Inc. peers
Figures from Granite Point Mortgage Trust Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.