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FY2025
12 months to Dec 31, 2025
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FY2024
12 months to Dec 31, 2024
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FY2023
12 months to Dec 31, 2023
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FY2022
12 months to Dec 31, 2022
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FY2021
12 months to Dec 31, 2021
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|
|---|---|---|---|---|---|
| REVENUES | |||||
| Interest income: | |||||
| CRE loans | |||||
| Other | |||||
| Total interest income | |||||
| Interest expense | |||||
| Net interest income | |||||
| Real estate income | |||||
| Other revenue | |||||
| Total revenues | |||||
| OPERATING EXPENSES | |||||
| General and administrative | |||||
| Real estate expenses | |||||
| Management fees - related party | |||||
| Equity compensation - related party | |||||
| Corporate depreciation and amortization | |||||
| (Reversal of) provision for credit losses, net | |||||
| Total operating expenses | |||||
| Net interest and other revenues less operating expenses | |||||
| OTHER INCOME (EXPENSE) | |||||
| Equity in losses of unconsolidated subsidiaries | |||||
| Gain on conversion of real estate | |||||
| Loss on extinguishment of debt | |||||
| Gain on sale of investment in real estate | |||||
| Other income | |||||
| Total other income | |||||
| INCOME BEFORE TAXES | |||||
| Income tax benefit (expense) | |||||
| NET INCOME | |||||
| Net income allocated to preferred shares | |||||
| Carrying value in excess of consideration paid for preferred shares | |||||
| Net (income) loss allocable to non-controlling interests, net of taxes | |||||
| Net income allocable to common shares | |||||
| NET INCOME PER COMMON SHARE - BASIC | |||||
| NET INCOME PER COMMON SHARE - DILUTED | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | |||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - DILUTED | |||||
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