Our Portfolio

A Robust, Time-Tested Investment Approach

Our Portfolio Has Successfully Navigated Several Economic and Real Estate Cycles

Granite Point Mortgage Trust originates, invests in, and manages commercial real estate loans and other debt instruments secured by institutional quality properties in attractive markets across the U.S. managed by highly experienced owners.

Portfolio Composition

  • Our loan portfolio has been constructed with a high degree of diversity across property types, markets, and sponsors.
  • Our floating rate senior first mortgage loans are secured by income-producing U.S. commercial real estate, across a variety of property types including office, multifamily, industrial and hospitality.
  • Our loans typically range from $20 to $150 million, with an average size of $35 to $40 million.
  • We search for value across the U.S. and invest in value-add properties in the top institutional markets.
  • Our stabilized LTVs generally range from 55% to 70%.
  • We generally target loan yields of SOFR + 3.0% to 5.0%.
  • We perform an intensive underwriting of the property, market, sponsorship and business when making investments.
  • We thoroughly due diligence potential loan sponsors, including anti-corruption and anti-money laundering evaluations, as part of our anti-money laundering program.

An Investment Portfolio Focused on Diversification

Number of loans 97
Total loan commitments $3.9 Billion
Unpaid principal balance $3.6 Billion
Unfunded loan commitments $312.6 Million
Carrying value $3.5 Billion
Weighted-average cash coupon 5.5%
Weighted-average all-in yield L+/S+4.07%
Stabilized LTV at origination 63.2%

As of Sep. 30, 2022

Our Latest Investment Portfolio Statistics

These charts illustrate our diverse portfolio of loan investments by property type and geographic distribution.

Alabama1.6%

Arizona 1.5%

California11.7%

Colorado4.3%

Connecticut1.8%

Florida5.9%

Georgia6.9%

Hawaii0.4%

Illinois7.0%

Indiana0.4%

Kansas0.6%

Kentucky1.9%

Louisiana5.5%

Massachusetts 5.5%

Michigan0.2%

Minnesota4.7%

Misouri0.7%

New Jersey2.1%

New York10.3%

North Carolina1.6%

Ohio1.3%

Oklahoma0.7%

Pennsylvania2.8%

South Carolina0.7%

Tennessee3.7%

Texas13.3%

Virginia2.6%

Wisconsin0.5%

Portfolio by Property Type

As of Sep. 30, 2022 • 10-Q Q3 2022

View 10-Q

For complete information regarding our financials, see our periodic filings

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Our Proven Investment Strategy Delivers Long-term Value

Making Fundamental, Value-oriented Risk Adjusted Returns for Our Investors

Our strategy allows us to generate attractive, risk-adjusted returns for our stockholders over the long-term, primarily through dividends, and to preserve capital through business cycles. With a stable capital base, we can invest in assets that generate ongoing attractive returns. At the same time, our investment strategy is flexible and we react to market dynamics to provide value in a variety of environments. Learn More About How We Invest