Granite Point Mortgage Trust Inc. · NYSE:GPMT
Granite Point Mortgage Trust — Q2 2017 Earnings Presentation
12 slides from Granite Point Mortgage Trust's earnings presentation, Aug 7, 2017
Slide 1: 2Q 2017 Investor Presentation
2Q 2017 Investor Presentation
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation contains, in addition to historical information, certain forward-looking statements that are based on our current assumptions, expectations and projections about future performance and events. In particular, statements regarding future economic performance, fi
Slide 3: Second Quarter 2017 Highlights
Second Quarter 2017 Highlights(1) 3 SUMMARY • Completed initial public offering (“IPO”) on June 28, 2017, raising net proceeds of $181.9 million, resulting in an equity base of $832.4 million. • Acquired a portfolio of commercial real estate debt investments with an aggregate carrying value of appro
Slide 4: Granite Point Mortgage Trust Inc. Overview
Granite Point Mortgage Trust Inc. Overview 4 C YC LE -T EST ED S E N IO R I N V E STM E NT T E A M AT T RAC T I VE A N D S U STA I NAB LE M A R KE T O P P O RTUNI T Y H I G H C R E D IT Q UA L IT Y I N V E STM E NT P O RT FO L IO D I F F ER E NT IATE D D I R E C T O R I G INAT I O N P L ATFO R M LEA
Slide 5: Market Environment
Market Environment 5 (1) Source: Trepp LLC and Federal Reserve Bank, dated as of 12/31/2016. (2) Source: Real Capital Analytics. Data from 12/31/2001 to 12/31/2016. (3) Source: Real Capital Analytics. Data from 1/1/1983 through 12/31/2016. (4) Source: Census Bureau and BEA. Data from 1/1/1993 to 12/
Slide 6: Investment Strategy and Target Assets
Investment Strategy and Target Assets 6 INVESTMENT STRATEGY TARGET INVESTMENTS • Focus on generating stable and attractive cash flows while preserving capital base – Primarily directly originated investments funding property acquisition, refinancing, recapitalization, restructuring and repositioning
Slide 7: Investment Portfolio Overview
Floating 96.9% Fixed 3.1% Investment Portfolio Overview 7 PROPERTY TYPE GEOGRAPHY COUPON STRUCTURE INVESTMENT TYPE Note: Portfolio data as of June 30, 2017. (1) Expressed as a monthly equivalent yield. Weighted average yield excludes fixed rate loans. (2) Stabilized LTV considers the "as stabilized"
Slide 8: Financing Facilities Update
Financing Facilities Update 8 $ in millions Amount Outstanding Unused Capacity Total Capacity(1) J.P. Morgan $211.7 $288.3 $500.0 Morgan Stanley(2) $229.9 $270.1 $500.0 Goldman Sachs $15.8 $234.2 $250.0 Citi - $250.0 $250.0 Wells Fargo(3)(4) $90.0 $286.5 $376.5 Note: Data as of June 30, 2017. (1) Ex
Slide 9: Appendix
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Slide 10: Consolidated Balance Sheets
Consolidated Balance Sheets 10 (4) GRANITE POINT MORTGAGE TRUST INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share data) June 30, 2017 December 31, 2016 ASSETS (unaudited) Loans held-for-investment $1,739,253 $1,364,291 Available-for-sale securities, at fair value 12,782 12,686 H
Slide 11: Consolidated Statements of Comprehensive Income
Consolidated Statements of Comprehensive Income 11 (4) GRANITE POINT MORTGAGE TRUST INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands, except share data) Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Interest income: (unaudited) (unaudited) Loan
Slide 12: Granite Point Mortgage Trust
ines GRANITE POINT MORTGAGE TRUST
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