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. The company was founded in 2015 and is headquartered in New York, New York.
Financial Headwinds | Granite Point Mortgage Trust faces challenges with a Q2 2024 GAAP loss of $1.31 per share, impacted by a substantial credit loss provision |
Portfolio Under Pressure | Explore GPMT's $2.3 billion loan portfolio, its composition across property types, and the company's cautious approach to new originations |
Valuation Insights | Delve into GPMT's market valuation, trading at a significant discount to book value with a price target range of $2.75 to $3.25 |
Strategic Maneuvers | Learn about GPMT's proactive risk management, dividend reduction, and share repurchase program aimed at navigating market uncertainties |
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 | −0.8x | −1.3x | 8.7x | |
PEG Ratio | 0.00 | 0.12 | 0.03 | |
Price/Book | 0.2x | 0.6x | 1.0x | |
Price / LTM Sales | −1.2x | 7.1x | 2.8x | |
Upside (Analyst Target) | 19.4% | 11.4% | 10.2% | |
Fair Value Upside | Unlock | 14.7% | 2.7% | Unlock |