Granite Point Mortgage Trust
Granite Point Mortgage Trust is a publicly traded CRE-focused REIT that directly originates and manages senior floating-rate commercial mortgage loans for institutional borrowers and sponsors across U.S. property types, with a $1.6B portfolio of 40 loans.
- Company typePublic
- Founded2017
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Granite Point Mortgage Trust does
Granite Point Mortgage Trust Inc. (NYSE: GPMT) is a publicly traded commercial real estate finance company structured as a REIT and headquartered in New York City, founded in 2015 and IPO'd in 2017. The company directly originates, invests in, and manages a portfolio of senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. As of March 31, 2026, the portfolio consisted of 40 loans with $1.6 billion in total commitments and $1.5 billion principal balance, structured as 100% senior first mortgages with over 98% floating-rate exposure at a weighted-average stabilized LTV of 66.0% at origination and a realized portfolio yield of 6.5%.
The company generates revenue primarily through interest income on its loan portfolio, supplemented by loan origination and servicing fees. Target customers are institutional commercial real estate borrowers and sponsors across multifamily, retail, office, industrial, and hotel property types in the United States. Distribution is direct to borrowers via in-house origination, with capital sourced from secured credit facilities / repurchase agreements with counterparties including Morgan Stanley (MSMRA), Citibank, and JPMorgan. The company pays dividends on common stock and a 7.00% fixed-to-floating Series A Preferred Stock.
The company is currently in a deleveraging and portfolio rationalization phase: new origination activity is paused with plans to restart in late 2026 via capital-light joint venture structures. Total leverage has been reduced from 2.0x to 1.7x, the CECL reserve has declined from 9.4% to 7.9% of the portfolio, and office exposure has been cut by 57% since 2021. Despite these operational improvements, the company has reported ongoing GAAP net losses ($55.6M in 2025, $221.5M in 2024) and distributable losses, book value per share has declined to $7.05, and the common dividend has been cut to $0.05 per quarter from $0.30 in 2024.
Granite Point Mortgage Trust firmographics
Firmographics- Name
- Granite Point Mortgage Trust
- Legal name
- Granite Point Mortgage Trust Inc.
- Website
- https://gpmtreit.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Granite Point Mortgage Trust is a publicly traded CRE-focused REIT that directly originates and manages senior floating-rate commercial mortgage loans for institutional borrowers and sponsors across U.S. property types, with a $1.6B portfolio of 40 loans.
- Ownership category
- akta.pro rank
Granite Point Mortgage Trust industry classification
Industry- Product category
- Commercial Real Estate Mortgage REIT
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Balance-Sheet / Portfolio CRE Lending (FSALADAG)
- akta.pro secondary industries
- Real Estate Private Credit (CRE Debt) (FSANADAG), REITs & Listed Real Estate Securities (FSAAAKAD)
Keywords
Where Granite Point Mortgage Trust is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Granite Point Mortgage Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Others
Revenue model
- Interest Income from Commercial Mortgage Loans: The company generates revenue primarily through interest income on its portfolio of senior floating-rate commercial mortgage loans. The portfolio generates a weighted-average all-in yield of S+3.96% and realized portfolio yield of 6.5%, with over 98% floating rate loans that benefit from rising interest rate environments.
- Loan Origination and Servicing Fees: Revenue from originating and managing commercial real estate loans for institutional borrowers. The company paused new origination activity but plans to restart lending in late 2026.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Common Stock Dividend - Quarterly dividend of $0.05 per share |
| Subscription | Quarterly | Series A Preferred Stock - 7.00% Fixed-to-Floating Rate |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Granite Point Mortgage Trust product offering
Product offeringCore offering
Granite Point Mortgage Trust Inc. is a commercial real estate finance company structured as a REIT that directly originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its portfolio is comprised of 100% senior first mortgages with over 98% floating rate loans, totaling $1.6 billion in commitments across 40 loans collateralized by multifamily, retail, office, industrial, hotel, and other commercial properties across the United States. The company targets institutional commercial real estate borrowers and sponsors for acquisitions, refinancings, and value-add opportunities.
Product overview
Granite Point Mortgage Trust Inc. is a commercial real estate finance company (REIT) that operates as a single, unified offering focused on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company does not offer distinct named product modules or sub-products — its entire business is the origination and management of its loan portfolio.
Differentiator
Problem solved
Functional benefit
Products and services
- Senior Floating-Rate Commercial Mortgage Loans Direct origination and management of senior secured first-mortgage commercial loans with floating-rate coupons (SOFR-based spreads) collateralized by income-producing commercial real estate properties such as multifamily, retail, office, industrial, and hotel assets across the United States. Loans are typically structured with weighted-average stabilized LTVs around 66% at origination and are available to institutional commercial real estate borrowers and sponsors for acquisitions, refinancings, and value-add opportunities. The portfolio consists of 100% senior first mortgages and over 98% floating rate loans totaling $1.6 billion in commitments across 40 loans as of March 31, 2026.
Quantifiable outcome
- Portfolio yield of 6.5% realized, weighted-average all-in yield of S+3.96%
- +2 more outcomes
Companies that use Granite Point Mortgage Trust
Customer profileSegments1 record
Ideal customer profiles1 record
Granite Point Mortgage Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Granite Point Mortgage Trust partnerships and signals
Strategic signalScale indicators15 records
Recent moves6 records
Expansion highlights3 records
Granite Point Mortgage Trust competitors and assessment
Company assessmentDirect peers
- Blackstone Mortgage Trust: Blackstone Mortgage Trust (BXMT) is a CRE-focused mortgage REIT that originates and holds senior floating-rate commercial mortgage loans. It is a direct peer to Granite Point given identical senior floating-rate CRE loan strategy, though at materially larger scale (~$20B+ portfolio).
- KKR Real Estate Finance Trust: KKR Real Estate Finance Trust (KREF) is a CRE mortgage REIT externally managed by KKR that focuses on originating and acquiring senior floating-rate CRE loans. Directly comparable to Granite Point on strategy, asset class, and structure (both externally sponsored mortgage REITs).
- Apollo Commercial Real Estate Finance: Apollo Commercial Real Estate Finance (ARI) is a CRE-focused mortgage REIT managed by an Apollo affiliate that originates senior commercial mortgage loans. Closely comparable business model and asset focus to Granite Point.
- Ladder Capital Corp: Ladder Capital Corp (LRE) is a specialty finance company that originates senior secured commercial mortgage loans and conducts CRE debt investing. It competes head-to-head with Granite Point in the middle-market senior floating-rate CRE lending space.
- BrightSpire Capital: BrightSpire Capital (BRSP) is a specialty mortgage REIT that originates and manages senior secured CRE loans. Similar scale and strategy to Granite Point, making it a closely comparable direct peer in the middle-market CRE lending space.
Broad incumbents
- Starwood Property Trust: Starwood Property Trust (STWD) is a diversified mortgage REIT with significant CRE senior lending alongside broader real estate debt and equity strategies. Larger and more diversified than Granite Point, but with overlapping senior CRE mortgage loan origination.
Emerging players
- Arbor Realty Trust: Arbor Realty Trust (ABR) is a specialty finance company focused on multifamily and CRE lending, including servicing and agency business. Comparable as a CRE-focused lender, though more multifamily-tilted than Granite Point's diversified CRE mix.
- AG Mortgage Investment Trust: AG Mortgage Investment Trust (MITT) is a hybrid mortgage REIT with exposure to CRE loans, residential MBS, and ABS. Comparable through its CRE loan holdings but with a broader, hybrid mandate than Granite Point's pure CRE focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks1 record
Key highlights6 records
Customer concentration
Granite Point Mortgage Trust social profiles
Digital presenceGranite Point Mortgage Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Granite Point Mortgage Trust leadership team
Management profileNumber of profiles
Profiles7 records
Granite Point Mortgage Trust funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Granite Point Mortgage Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Granite Point Mortgage Trust
What does Granite Point Mortgage Trust do?
Granite Point Mortgage Trust Inc. is a commercial real estate finance company structured as a REIT that directly originates, invests in, and manages senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Its portfolio is comprised of 100% senior first mortgages with over 98% floating rate loans, totaling $1.6 billion in commitments across 40 loans collateralized by multifamily, retail, office, industrial, hotel, and other commercial properties across the United States. The company targets institutional commercial real estate borrowers and sponsors for acquisitions, refinancings, and value-add opportunities.
Is Granite Point Mortgage Trust a public or private company?
Granite Point Mortgage Trust is a public company. It is classified as public and is currently operating.
When was Granite Point Mortgage Trust founded?
Granite Point Mortgage Trust was founded in 2017. It employs 11 to 50 people.
Where is Granite Point Mortgage Trust based?
Granite Point Mortgage Trust is headquartered in New York, United States, in the North America region.
How does Granite Point Mortgage Trust make money?
Two revenue lines are on record. Interest Income from Commercial Mortgage Loans are the primary driver. The others are loan Origination and Servicing Fees.
Who are Granite Point Mortgage Trust's main competitors?
Direct peers on record are Blackstone Mortgage Trust, KKR Real Estate Finance Trust, Apollo Commercial Real Estate Finance, Ladder Capital Corp and BrightSpire Capital. Starwood Property Trust is listed as a broad incumbent. Emerging players are Arbor Realty Trust and AG Mortgage Investment Trust.
Does Granite Point Mortgage Trust have an API?
No public API is recorded for Granite Point Mortgage Trust.
What industry is Granite Point Mortgage Trust in?
Granite Point Mortgage Trust's product category is Commercial Real Estate Mortgage REIT. Its primary akta.pro industry code is FSALADAG, Balance-Sheet / Portfolio CRE Lending, with a secondary code of FSANADAG, Real Estate Private Credit (CRE Debt). Its NAICS code is 523 and its SIC code is 6798.