Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus

Granite Point Mortgage Trust (NYSE: GPMT ) has not had a great year, with the common equity of the mortgage REIT down 36%. The mREIT owns a portfolio of commercial property-backed loans with a historical focus on officeThe equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, ...