Granite Point Mortgage Trust Inc. announced that it has appointed Sheila K. McGrath as an independent member of its Board of Directors. With the addition of Ms. McGrath, the Granite Point Board comprises six directors, five of whom are independent. Ms. McGrath currently serves as a Principal at her consulting firm, Grayton Advisory, and has more than 25 years of experience covering REITs as an equity analyst.

Ms. McGrath spent 10 years as a Senior Managing Director at Evercore ISI covering equity REITs and real estate operating companies. Prior to joining Evercore, Ms. McGrath was Sector Head for REIT research at Keefe, Bruyette & Woods where she was a member of the Research Review Committee and the Leadership Committee for the firm. Ms. McGrath is an active member of the National Association of Real Estate Investment Trusts (NAREIT), including roles on the Advisory Board of Governors and Real Estate Investment Advisory Council (REIAC).

She also serves on and was a founding member of the Board of Rutgers Business School's Center for Women in Business (CWIB). Ms. McGrath received her B.A. in Economics from Lafayette College and her M.B.A. in Finance from Rutgers University.