Granite Point Mortgage Trust adds new board member

New independent member is a "highly respected and experienced REIT industry veteran"

Granite Point Mortgage Trust adds new board member

Granite Point Mortgage Trust has announced the appointment of Sheila McGrath to its board of directors.

With McGrath’s appointment, the Granite Point board now consists of six directors, of which five are independent members.

McGrath, a 25-year industry veteran, currently serves as a principal at her consulting firm, Grayton Advisory. She previously worked as a senior managing director at Evercore ISI, covering REITs and real estate operating companies for a decade. Before Evercore, McGrath was sector head for REIT at Keefe, Bruyette & Woods.

“Sheila is a highly respected and experienced REIT industry veteran, and we are pleased to welcome her to the Granite Point board,” said Stephen Kasnet, chairman of the Granite Point board of directors. “Sheila brings significant financial acumen and more than 25 years of experience as one of the preeminent specialists covering real estate investment trusts. We look forward to benefiting from her valuable perspectives and insights as Granite Point executes its disciplined investment and portfolio management approach to enhance stockholder value over the long term.”

“Granite Point has a strong foundation with an excellent and cycle-tested management team and a diverse and resilient investment portfolio,” McGrath said. “I am excited to join this talented board and look forward to leveraging my experience and expertise to contribute to the company’s success.

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