“We have made substantial progress in successfully executing on our primary objective by resolving nonperforming loans totaling over $340 million in 2024, with several more resolutions either closed or well underway in 2025. We also received twelve loan repayments of about $415 million,” said Jack Taylor, CEO. “While remaining proactive in our portfolio management approach, and consistent with our flexible capital allocation strategy, during 2024 we redeployed capital into our own securities, repurchasing 2.4 million of common shares, reflecting our strong belief that our stock continues to be undervalued.”
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GPMT: