Granite Point: Downside Materialized, I'm Flipping Bullish

GPMT IR juvaida khatun PROPERTY TYPE(2) Industrial, 4.6% 0ther, 3.5% Hotel, 7.2% Retail, 9.8% Office, 43.1% Multifamily, 31.8% Borrower defaults are troublesome for mortgage REIT's for two reasons. First, it obviously hurts cash flow in the short term, which worsens dividend coverage, and second, in the case of distressed properties, it poses a significant risk of a loss of capital as the REIT may not be able to resel the foreclosed building for more than th outstanding loan balance and consequently may boo ...