Granite Point Mortgage Trust Inc. Announces Fourth Quarter 2018 Common Stock Dividend and Business Update
December 19 2018 - 3:26PM
Business Wire
Granite Point Mortgage Trust Inc. (NYSE: GPMT) today
declared a quarterly dividend of $0.42 per share of common stock
for the fourth quarter of 2018. This dividend is payable on January
18, 2019 to common stockholders of record at the close of business
on December 31, 2018.
Granite Point considers a variety of factors when approving
common stock dividends such as its current estimate of overall
profitability, taxable earnings and other considerations. Taxable
and GAAP earnings are expected to differ in the near term
principally as a result of the formation transaction at the time of
the company’s initial public offering.
Business Update
- Expects to originate senior floating rate commercial real
estate loans with total commitments of over $650 million and total
fundings of over $400 million in the fourth quarter of 2018, the
majority of which are expected to close in the second half of the
quarter, subject to customary closing conditions and fallout.
- Anticipates receiving less than $50 million of loan repayments
in the fourth quarter of 2018, subject to customary closing
conditions.
About Granite Point Mortgage Trust Inc. Granite Point
Mortgage Trust Inc. is a Maryland corporation focused on directly
originating, investing in and managing senior floating rate
commercial mortgage loans and other debt and debt-like commercial
real estate investments. Granite Point is headquartered in New
York, NY, and is externally managed by Pine River Capital
Management L.P. Additional information is available at
www.gpmortgagetrust.com.
Additional Information Stockholders of Granite Point and
other interested persons may find additional information regarding
the company at the Securities and Exchange Commission’s Internet
site at www.sec.gov or by directing requests to: Granite Point
Mortgage Trust Inc., 590 Madison Avenue, 38th floor, New York, NY
10022, telephone (212) 364-3200
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181219005758/en/
Investors: Marcin Urbaszek, Chief Financial Officer, Granite
Point Mortgage Trust Inc., (212) 364-3200,
investors@gpmortgagetrust.com.
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