Granite Point Mortgage Trust Inc. (GPMT.PA) company profile
Close on Oct 30, 2026Market cap $205.81MP/E –Yield 4.68%
About Granite Point Mortgage Trust
Real Estate Investment Trusts, SIC 6798
Granite Point Mortgage Trust Inc. is an internally managed real estate finance company operating as a real estate investment trust. Operating through a single reporting segment, the firm focuses primarily on directly originating, investing in, and managing senior floating-rate commercial mortgage loans, mezzanine loans, and other debt-like commercial real estate instruments. It provides intermediate-term transitional or bridge financing to commercial property owners and operators for property acquisitions, recapitalizations, refinancings, repositioning, and lease-up plans across various institutional-quality property sectors.
As of December 31, 2025, the company's investment portfolio consisted of 43 commercial real estate loan investments secured by properties located across attractive markets in the United States. Its operations are staffed by 28 full-time personnel based out of two primary offices in New York, New York, and Saint Louis Park, Minnesota.
Summary of the business section of Granite Point Mortgage Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Granite Point Mortgage Trust Inc.
- Founded
- 2017
- Headquarters
- New York, NY
- Address
- 1114 Avenue Of The Americas, Suite 3020
- Phone
- (212) 364-5500
- Website
- gpmtreit.com
- Employees
- 28, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst & Young LLP, Minneapolis, Minnesota
Stock & identifiers
- Ticker
- GPMT.PA
- Other tickers
- GPMT
- Exchange
- NYSE
- IPO date
- Jun 26, 2017
- Shares outstanding
- 48M, Jul 28, 2026
- Public float
- $109.60M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 1-for-10 reverse, Oct 6, 2026
- SEC CIK
- 1703644
- CUSIP
- 38741L107
- ISIN
- US38741L1070
- LEI
- 529900VX2HQZ76AYIE02
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John A. Taylor | President and CEO, Director | 651,736 |
| Ethan Lebowitz | Chief Operating Officer | 40,381 |
| Stephen Alpart | Chief Investment Officer | 324,375 |
| Michael J. Karber | General Counsel and Secretary | 132,823 |
| Peter M. Morral | Chief Development Officer | 151,681 |
| Blake Johnson | Chief Financial Officer | 25,834 |
| Steven Plust | Chief Operating Officer | 279,280 |
| Stephen G. Kasnet | Director | 179,035 |
| Hope B. Woodhouse | Director | 138,222 |
| Lazar Nikolic | Director | 1,397,390 |
| Patrick Gregory Halter | Director | 135,209 |
| Tanuja M. Dehne | Director | 109,632 |
| Sheila K. McGrath | Director | 107,416 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $3.76M | $2.47M | $1.52M | $40 | $116 |
| FY2024 | $4.55M | $1.62M | $1.73M | $43 | $80 |
| FY2023 | $4.05M | $4.75M | $2.11M | $84 | $80 |
| FY2022 | $3.76M | $219.89K | $1.97M | $66 | $69 |
| FY2021 | $4.73M | $5.21M | $2.33M | $127 | $94 |
| FY2020 | $3.20M | $1.92M | $1.68M | $58 | $81 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| John (“Jack”) A. Taylor President and Chief Executive Officer | $1.00M | – | $2.17M | $576.50K | $13.80K | $3.76M | -17% |
| Blake Johnson Vice President, Chief Financial Officer and Treasurer | $500.00K | $35.00K | $240.75K | $216.19K | $13.80K | $1.01M | +46% |
| Stephen Alpart Vice President and Chief Investment Officer | $630.00K | – | $1.16M | $272.40K | $13.80K | $2.07M | -18% |
| Micheal Karber Vice President, General Counsel and Secretary | $420.00K | – | $621.13K | $181.60K | $13.80K | $1.24M | – |
| Peter Morral Vice President and Chief Development Officer | $600.00K | – | $914.85K | $259.43K | $10.50K | $1.78M | -14% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
IPO
From the final prospectus (Form 424B4) and the first day of trading
Offering
- Type
- Initial public offering
- Final prospectus filed
- Jun 26, 2017
- Offer price
- $19.50
- Securities offered
- 10,000,000
- Gross proceeds
- $195.00M
- Exchange
- NYSE
- First trading day
- Jun 23, 2017
- First-day close
- $19.00-2.6%
- Lock-up ends (est.)
- Dec 20, 2017
“The initial public offering price is $19.50 per share.”
Lock-up end is estimated as 180 days after the first trading day; the prospectus sets the actual terms.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we employed 28 full-time employees, all of whom are and based out of one of our two primary office locations in New York, New York, and Saint Louis Park, Minnesota.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 30, 2021 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jun 26, 2017 | IPO | Initial public offering priced (424B4 prospectus) |
| Jun 20, 2017 | Listing | Registration of securities on an exchange (Form 8-A) |