格拉尼特角抵押信托 2025年季度报告

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.As of April30, 2025, there were48,405,861shares of outstanding common stock, par value $0.01 per share, issued and outstanding. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains, or incorporates by reference, not only historical information, but also forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and that are subject to the safe harbors created by suchsections. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs,expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions offuture events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,”“will,” “should,” “expect,” “target,” “believe,” “outlook,” “potential,” “continue,” “intend,” “seek,” “plan,” “goals,” “future,” “likely,”“may” and similar expressions or their negative forms, or by references to strategy, plans or intentions. By their nature, forward- These forward-looking statements are subject to risks and uncertainties, including, among other things, those described in ourAnnual Report on Form 10-K for the year ended December 31, 2024, under the caption “Risk Factors.” Other risks, uncertainties andfactors that could cause actual results to differ materially from those projected are described below and may be described from time totime in reports we file with the Securities and Exchange Commission, or the SEC, including our Quarterly Reports on Form 10-Q and Important factors that may affect our actual results include, among others: •the general political, economic and competitive conditions in the markets in which we invest and their impact on our investment portfolio, financial condition and business operations; •a prolonged economic slowdown, including as a result of current global trade tensions and/or tariffs, a lengthy or severerecession, severe public health events or declining real estate values, could impair our investments or harm our operations; •reduced demand for office or retail space, including as a result of increased hybrid work schedules which allow work from •defaults by borrowers in paying debt service on outstanding indebtedness and borrowers' abilities to manage and stabilizeproperties; •our ability to obtain or maintain financing arrangements on terms favorable to us or at all; •the level and volatility of prevailing interest rates and credit spreads;•reductions in the yield on our investments and increases in the cost of our financing;•general volatility of the securities markets in which we participate and the potential need to post additional collateral on ourfinancing arrangements; •the return or impact of current or future investments; •changes in our business, investment strategies or target investments;•increased competition from entities investing in our target investments;•effects of hedging instruments on our target investments;•changes in governmental regulations, tax law and rates and similar matters;•our ability to maintain our qualification as a real estate investment trust, or REIT, for U.S. federal income tax purposes and ourexclusion from registration under the Investment Company Act of 1940, as amended, or the Investment Company Act; •availability of desirable investment opportunities; •threats to information security, including by way of cyber-attacks; •availability of qualified personnel; •operational failures by third-parties on whom we rely in the conduct of our business; •estimates relating to our ability to make distributions to our stockholders in the future;•natural disasters, such as hurricanes, earthquakes, wildfires and floods, including climate change-related risks; acts