Stephen Kasnet - Granite Point Independent Chairman of the Board

GPMT Stock  USD 2.83  0.01  0.35%   

Chairman

Mr. Stephen Garfield Kasnet is an Chairman of the Board of the company. he was Independent Director of the Company. Mr. Kasnet also serves as a director of Two Harbors Investment Corporationration and previously served as a director of Silver Bay Realty Trust Corporationration Mr. Kasnet was also a director of Columbia Laboratories, Inc., a specialty pharmaceuticals company, now Juniper Pharmaceuticals, from August 2004 to June 2015, including as Chairman of the Board from November 2004 to June 2015. From 2007 to 2009, Mr. Kasnet was the Chairman of Dartmouth Street Capital LLC, a private investment firm. He was also the President and Chief Executive Officer of Raymond Property Company LLC, a real estate company, from 2007 through October 2009. From 2000 to 2006, he was President and Chief Executive Officer of Harbor Global Company, Ltd., an asset management, natural resources and real estate investment company, and President of the PIOglobal, a Russian real estate investment fund. From 1995 to 1999, Mr. Kasnet was a director and member of the Executive Committee of The Bradley Real Estate Trust. He was Chairman of Warren Bank from 1990 to 2003. Mr. Kasnet has also held senior management positions with other financial organizations, including Pioneer Group, Inc., First Winthrop Corporation and Winthrop Financial Associates, and Cabot, Cabot and Forbes. He serves as Chairman of the Board of Rubicon Ltd., a forestry company, as a director of Tenon Ltd., a wood products company, as a director of First Ipswich Bancorp, a bank owned by Brookline Bancorp, and as a director of GoodBulk, Ltd., a cargo company. He is also a trustee of the board of the Governor Academy, a private coed boarding high school in Byfield, Massachusetts since 2018.
Age 74
Tenure 7 years
Phone(212) 364-5500
Webhttps://www.gpmtreit.com
Kasnet received a B.A. from the University of Pennsylvania. We believe Mr. Kasnet is a qualified director based on his real estate knowledge and his past and current experience as a director of other public companies.

Stephen Kasnet Latest Insider Activity

Tracking and analyzing the buying and selling activities of Stephen Kasnet against Granite Point stock is an integral part of due diligence when investing in Granite Point. Stephen Kasnet insider activity provides valuable insight into whether Granite Point is net buyers or sellers over its current business cycle. Note, Granite Point insiders must abide by specific rules, including filing SEC forms every time they buy or sell Granite Point'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Granite Point Management Efficiency

The company has return on total asset (ROA) of (0.0835) % which means that it has lost $0.0835 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2801) %, meaning that it created substantial loss on money invested by shareholders. Granite Point's management efficiency ratios could be used to measure how well Granite Point manages its routine affairs as well as how well it operates its assets and liabilities.
Granite Point Mortgage currently holds 875.09 M in liabilities with Debt to Equity (D/E) ratio of 2.89, implying the company greatly relies on financing operations through barrowing. Granite Point Mortgage has a current ratio of 65.64, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Granite Point's use of debt, we should always consider it together with its cash and equity.

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Granite Point Mortgage Trust Inc., a real estate investment trust, originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. Granite Point Mortgage Trust Inc. was founded in 2015 and is headquartered in New York, New York. Granite Point operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. It employs 33 people. Granite Point Mortgage (GPMT) is traded on New York Stock Exchange in USA. It is located in 3 Bryant Park, New York, NY, United States, 10036 and employs 33 people. Granite Point is listed under Mortgage Real Estate Investment Trusts (REITs) category by Fama And French industry classification.

Management Performance

Granite Point Mortgage Leadership Team

Elected by the shareholders, the Granite Point's board of directors comprises two types of representatives: Granite Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Granite. The board's role is to monitor Granite Point's management team and ensure that shareholders' interests are well served. Granite Point's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Granite Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
Tanuja Dehne, Independent Director
Martin Kamarck, Independent Director
Steven Plust, Chief Operating Officer, Vice President
Stephen Alpart, Chief Investment Officer, Vice President
Blake Johnson, CFO VP
Devin Chen, Director
Chris Petta, Investor Officer
John Taylor, President, Chief Executive Officer, Director
Peter Morral, Vice President Chief Development Officer
Stephen Kasnet, Independent Chairman of the Board
Ethan Lebowitz, Deputy Officer
John JD, CEO President
Marcin Urbaszek, Chief Financial Officer, Vice President, Treasurer
Hope Woodhouse, Independent Director
W Sanders, Independent Director
Marcin CFA, CFO, VP
Michael JD, General VP
Michael Karber, Vice President General Counsel, Secretary

Granite Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Granite Point a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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