Investing

Granite Point Mortgage Trust Inc : gpmt

gpmt

Stock Data

$1.45

$0.05 (3.33%)

Asset Type

Common Stock

Exchange

NYSE

Currency

USD

Country

USA

Sector

REAL ESTATE

Industry

REIT - MORTGAGE

Granite Point Mortgage Trust Inc specializes in providing intermediate-term financing solutions to commercial real estate projects across the United States. As a real estate investment trust (REIT), it focuses on senior floating-rate commercial mortgage loans and similar investments. The company supports a variety of commercial property ventures, including acquisitions, renovations, and repositioning, by offering bridge or transitional financing. Founded in 2015 and based in New York, it benefits from REIT status, aiming to distribute the majority of its taxable income to shareholders, thereby avoiding federal corporate income taxes.

All gpmt Articles

4 Articles

Gerelyn Terzo | Jun 26, 2024 at 11:15 AM EDT

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Stocks have been rallying in 2024, and investors might not want to dip into their profits just yet.  Dividend stocks…

Kristin Hitchcock | Apr 8, 2024 at 8:30 AM EDT

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John Seetoo | Mar 16, 2024 at 8:16 AM EDT

Want $20,000 In Passive Income? Invest $50,000 Into These 3 Dividend Stocks

While the Dow Jones Industrial Average has been making new record highs, many analysts acknowledge that the market is being…

Amit Nar | Mar 4, 2024 at 11:45 AM EST

Want $4000 In Passive Income? Invest $1250 Into These 24 Dividend Stocks

We screened our 24/7 Wall St. dividend equity research database, looking for stocks that pay massive dividends, and we found…