Granite Point Mortgage Trust Inc. Announces Closing of $824 Million Commercial Real Estate CLO
Granite Point Mortgage Trust Inc. (GPMT)
Last granite point mortgage trust inc. earnings: 3/2 04:56 pm
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Granite Point Mortgage Trust Inc. (NYSE: GPMT) (“GPMT,” “Granite Point” or the “Company”) today announced the closing of GPMT 2021-FL3, an $824 million Commercial Real Estate Collateralized Loan Obligation (“CRE CLO”), in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). $686 million of investment grade securities have been placed with institutional investors, providing GPMT with term-matched financing on a non-mark-to-market and non-recourse basis. GPMT 2021-FL3 features an initial advance rate of 83.25%, and a weighted-average interest rate at issuance of LIBOR + 1.62%, before accounting for transaction costs.“We are very pleased with the closing of our third CRE CLO transaction providing us with attractively priced borrowings while further diversifying our funding sources,” stated Jack Taylor, Granite Point’s President, Chief Executive Officer and Director. “
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- Granite Point Mortgage Trust Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $5.00 to $4.75. They now have an "underperform" rating on the stock.MarketBeat
- Granite Point Mortgage Trust Inc. (NYSE: GPMT) had its price target lowered by analysts at UBS Group AG from $6.50 to $6.00. They now have a "buy" rating on the stock.MarketBeat
GPMT
Earnings
- 2/14/24 - Beat
GPMT
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- GPMT's page on the SEC website