7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2017-09-30 2016-12-31 
      
    		                            
      net interest income
    		27,790,000 21,530,000 20,329,000 27,215,000 38,416,000 34,317,000 37,141,000 39,822,000 38,831,000 40,487,000 43,047,000 37,298,000 28,888,000 22,563,000 9,170,000 10,589,000 -3,104,000 -7,649,000 -6,686,000 -706,000 -1,777,000 -6,329,000 21,188,000 26,857,000 30,854,000 32,953,000 30,156,000  
      interest income
    		71,768,000 62,735,000 64,326,000 78,105,000 96,092,000 88,516,000 95,912,000 100,569,000 101,090,000 101,829,000 103,796,000 94,688,000 77,359,000 65,268,000 56,205,000 53,000,000 46,235,000 37,577,000 39,287,000 50,543,000 54,621,000 62,096,000 72,589,000 76,195,000 82,251,000 85,322,000 72,763,000  
      interest expense
    		43,978,000 41,205,000 43,997,000 50,890,000 57,676,000 54,199,000 58,771,000 60,747,000 62,259,000 61,342,000 60,749,000 57,390,000 48,471,000 42,705,000 47,035,000 42,411,000 49,339,000 45,226,000 45,973,000 51,249,000 56,398,000 68,425,000 51,401,000 49,338,000 51,397,000 52,369,000 42,607,000  
      benefit from (release of) loan loss reserves
    		-31,000 -42,000 -81,000 47,000 3,063,000 5,055,000 5,768,000 6,006,000 7,473,000 6,881,000 4,736,000 2,338,000 1,501,000 -1,002,000 874,000 -1,763,000 -2,364,000 -335,000 -4,251,000          
      net interest income after benefit from (release of) loan loss reserves
    		27,821,000 21,572,000 20,410,000 27,168,000 35,353,000 29,262,000 31,373,000                      
      other income
    		                            
      real estate operating income
    		26,666,000 25,775,000 21,773,000 23,367,000 25,294,000 26,133,000 23,887,000 23,103,000 24,761,000 25,887,000 23,199,000 25,591,000 27,679,000 28,646,000 26,354,000 24,244,000 26,603,000 26,558,000           
      net result from mortgage loan receivables held for sale
    		-377,000 4,914,000 162,000 -608,000 1,092,000 -541,000 87,000 596,000 -629,000 -296,000 -194,000                  
      gain on real estate
    		  3,807,000 12,419,000 315,000 12,543,000                       
      fee and other income
    		3,864,000 2,803,000 5,285,000 4,753,000 6,609,000 3,638,000 3,700,000 2,191,000 1,829,000 3,327,000 1,831,000 2,782,000 2,697,000 2,345,000 7,194,000 2,768,000 2,687,000 2,451,000 3,284,000 4,579,000 3,051,000 3,505,000 1,519,000 7,356,000 5,166,000 7,196,000 4,338,000  
      net result from derivative transactions
    		21,000 1,526,000 323,000 1,549,000 -766,000 617,000 4,019,000 -5,199,000 4,773,000 4,149,000 -2,242,000 -21,000 6,567,000 2,679,000 3,135,000 747,000 75,000 -3,844,000 4,771,000 718,000 260,000 -813,000 -15,435,000 5,945,000 -9,465,000 -15,457,000 -348,000  
      earnings from investment in unconsolidated ventures
    		-414,000 -288,000 -732,000 -68,000 -14,000 18,000 -15,000 -155,000 479,000 217,000 217,000 213,000 407,000 356,000               
      gain on extinguishment of debt
    		-106,000 1,000 256,000 -9,000 20,000  177,000 118,000 921,000 462,000 9,217,000   685,000               
      total other income
    		29,654,000 34,731,000 30,874,000 41,403,000 32,550,000 42,408,000 31,855,000 20,703,000 40,923,000 33,659,000 31,838,000 82,048,000 42,482,000 61,298,000 65,243,000 49,167,000 51,223,000 48,150,000 33,209,000 27,235,000 52,810,000 30,909,000 29,002,000 59,601,000 38,195,000 43,708,000 39,141,000  
      costs and expenses
    		                            
      compensation and employee benefits
    		11,552,000 11,561,000 18,761,000 11,754,000 14,407,000 13,721,000 20,789,000 13,006,000 14,285,000 14,242,000 22,084,000 16,671,000 13,806,000 15,495,000 29,864,000              
      operating expenses
    		5,276,000 4,767,000 4,516,000 4,862,000 4,508,000 5,178,000 4,643,000 4,485,000 4,775,000 4,987,000 5,256,000 5,413,000 5,143,000 4,651,000 5,508,000 4,797,000 4,418,000 4,216,000 4,241,000 4,337,000 3,938,000 6,224,000 5,794,000 5,868,000 5,314,000 6,012,000 4,790,000  
      real estate operating expenses
    		11,424,000 10,266,000 8,766,000 9,638,000 10,751,000 11,034,000 9,146,000 8,516,000 9,456,000 9,766,000 9,849,000 9,677,000 10,069,000 9,867,000 8,992,000 6,643,000 6,962,000 6,345,000 6,211,000 6,543,000 8,060,000 6,034,000 7,948,000 5,547,000 6,270,000 6,032,000 9,351,000  
      investment related expenses
    		855,000 844,000 1,188,000 1,809,000 1,628,000 2,288,000 1,993,000 2,387,000 2,279,000 2,661,000                   
      depreciation and amortization
    		8,238,000 8,043,000 7,336,000 7,466,000 8,146,000 8,413,000 8,302,000 7,770,000 7,144,000 7,471,000 7,529,000 7,909,000 7,864,000 7,558,000 9,342,000 9,481,000 9,320,000 9,464,000 9,536,000 9,437,000 9,817,000 9,816,000 10,009,000 9,319,000 9,030,000 9,935,000 10,606,000  
      total costs and expenses
    		37,345,000 35,481,000 40,567,000 35,529,000 39,440,000 40,634,000 44,873,000 36,164,000 37,939,000 39,127,000 46,238,000 41,742,000 38,571,000 39,057,000 55,694,000 32,211,000 31,763,000 30,697,000 31,120,000 47,890,000 32,149,000 31,052,000 42,211,000 36,841,000 36,989,000 38,069,000 39,244,000  
      income before taxes
    		20,130,000 20,822,000 10,717,000 33,042,000 28,463,000 31,036,000 18,355,000 18,355,000 34,342,000 28,138,000 23,911,000 75,266,000 31,298,000 45,806,000 17,845,000 29,308,000 18,720,000 10,139,000 -346,000 -16,296,000 21,396,000 -5,743,000 -18,602,000 47,617,000 32,060,000 38,292,000 30,053,000  
      income tax benefit
    		960,000 3,714,000 -838,000 1,711,000 901,000 -1,089,000 1,925,000 -669,000 3,147,000 46,000 1,720,000 1,012,000 2,613,000 2,594,000 -1,309,000 2,236,000 -212,000 -318,000 -778,000 -4,711,000 14,000 -550,000 -4,541,000 2,168,000 1,112,000 2,219,000 -400,000  
      net income
    		19,170,000 17,108,000 11,555,000 31,331,000 27,562,000 32,125,000 16,430,000 19,024,000 31,195,000 28,092,000 22,191,000 74,254,000 28,685,000 43,212,000 19,154,000 27,072,000 18,932,000 10,457,000 432,000 -11,585,000 21,382,000 -5,193,000 -14,061,000 45,449,000 30,948,000 36,073,000 30,453,000  
      yoy
    		-30.45% -46.75% -29.67% 64.69% -11.65% 14.36% -25.96% -74.38% 8.75% -34.99% 15.86% 174.28% 51.52% 313.24% 4333.80% -333.68% -11.46% -301.37% -103.07% -125.49% -30.91% -114.40% -146.17%      
      qoq
    		12.05% 48.06% -63.12% 13.67% -14.20% 95.53% -13.64% -39.02% 11.05% 26.59% -70.11% 158.86% -33.62% 125.60% -29.25% 43.00% 81.05% 2320.60% -103.73% -154.18% -511.75% -63.07% -130.94% 46.86% -14.21% 18.45%   
      net income margin %
    		                            
      net (income) loss attributable to noncontrolling interests in consolidated ventures
    		19,000 220,000 220,000 55,000 351,000 224,000 179,000 212,000 124,000 71,000 217,000 -14,700,000 -102,000 -8,164,000               
      net income attributable to class a common shareholders
    		19,189,000 17,328,000 11,775,000 31,386,000 27,913,000 32,349,000 16,609,000 19,236,000 31,319,000 28,163,000 22,408,000 59,554,000 28,583,000 35,048,000 19,032,000 27,109,000 18,927,000 10,294,000 192,000 -11,716,000 17,188,000 -4,189,000 -15,728,000 40,649,000 27,576,000 32,244,000 24,039,000  
      earnings per share:
    		                            
      basic
    		0.15 0.14 0.09 0.25 0.22 0.26 0.13 0.15 0.25 0.23 0.18 0.48 0.23 0.28 0.15 0.22 0.15 0.08  -0.11 0.15 -0.04 -0.15 0.38 0.26 0.31 0.28  
      diluted
    		0.15 0.14 0.09 0.25 0.22 0.26 0.13 0.15 0.25 0.23 0.18 0.47 0.23 0.28 0.15 0.21 0.15 0.08  -0.11 0.14 -0.04 -0.15 0.38 0.26 0.3 0.28  
      weighted-average shares outstanding:
    		                            
      basic
    		125,339,188 125,796,410 125,628,951 125,576,784 125,705,754 125,730,765 125,315,765 124,667,877 124,730,343 124,731,195 124,493,132 124,301,421 124,278,732 124,593,171 124,305,943 123,763,843 123,729,867 124,048,999 123,974,970 112,409,615 117,481,812 106,809,987 106,329,796 105,455,849 106,004,152 105,511,385 85,135,685  
      diluted
    		126,115,547 126,204,424 126,279,680 125,785,295 125,905,528 125,839,500 125,520,373 124,882,398 124,968,545 124,827,596 124,656,102 125,823,671 125,172,180 125,265,707 125,478,001 124,563,051 124,499,675 124,480,487 124,324,683 112,409,615 118,791,927 106,809,987 106,329,796 106,399,783 106,603,713 105,892,420 85,476,266  
      net interest income after benefit from (release of) loan losses
    		       25,818,750 31,358,000 33,606,000 38,311,000 34,960,000 27,387,000 23,565,000 8,296,000 12,352,000 -740,000 -7,314,000 -2,435,000          
      realized gain on securities
    		        23,000 8,000 -307,000 2,000 9,000 12,000 -96,000 715,000 285,000 15,000 579,000 -321,000 -303,000 -14,798,000 3,011,000 4,185,000 3,396,000 4,464,000 6,688,000  
      unrealized gain on securities
    		       49,000 -42,000 -95,000 117,000                  
      realized gain on sale of real estate
    		        8,808,000   53,897,000 4,393,000 28,554,000 29,154,000 18,611,000 17,766,000 19,389,000  -14,000 21,588,000 -1,000 10,529,000 429,000 2,082,000 -1,124,000 3,228,000  
      fee expense
    		          1,520,000 2,072,000 1,689,000 1,486,000 1,988,000 379,000 1,638,000 2,195,000 1,599,000 1,352,000 2,476,000 1,977,000 1,439,000 1,139,000 2,056,000 1,183,000 1,242,000  
      sale of loans
    		           -428,000 796,000 -1,930,000 -949,000 1,713,000 3,293,000 3,392,000  -2,958,000 1,127,000 -744,000 1,005,000 16,169,000 11,247,000 20,264,000 -775,000  
      unrealized gain on equity securities
    		           36,000 -61,000 -30,000 14,000       401,000 -533,000 396,000 254,000 -990,000   
      unrealized gain on agency interest-only securities
    		           -24,000 -5,000 -19,000 3,000 -4,000 -19,000 -48,000 -20,000 80,000 9,000 98,000 76,000 46,000 16,000 11,000 577,000  
      earnings from investment in unconsolidated joint ventures
    		              434,000 373,000 533,000 237,000 436,000 462,000 447,000 471,000 441,000 -185,000 1,094,000 1,564,000 127,000  
      net (income) loss attributable to noncontrolling interests in consolidated joint ventures
    		              -122,000 37,000 -5,000 -163,000           
      salaries and employee benefits
    		               6,859,000 9,425,000 8,477,000 9,533,000 26,221,000 7,858,000 7,001,000 17,021,000 14,968,000 14,319,000 14,907,000 13,255,000  
      net (income) loss attributable to noncontrolling interests in operating partnership
    		                            
      refer to the accompanying notes to consolidated financial statements.
    		                            
      dividends per share of class a common stock
    		               0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.34 0.34 0.34 0.34 0.3  
      operating lease income
    		                  24,159,000 24,683,000 25,464,000 23,773,000 26,328,000 25,260,000 24,405,000 27,780,000 22,924,000  
      net (income) loss attributable to noncontrolling interest in consolidated joint ventures
    		                  -240,000 -127,000 -4,149,000 250,000 -1,519,000 3,000 -64,000 307,000 265,000  
      net (income) loss attributable to noncontrolling interest in operating partnership
    		                   -4,000 -45,000 754,000 -148,000 -4,803,000 -3,308,000 -4,136,000 -6,679,000  
      benefit from/(release of) loan loss reserves
    		                   5,835,000 -2,512,000 -729,000       
      net interest income after benefit from/(release of) loan losses
    		                   -2,564,750 735,000        
      impairment of real estate
    		                            
      gain on extinguishment/defeasance of debt
    		                   6,000 1,167,000 19,017,000 2,061,000      
      the accompanying notes are an integral part of these consolidated financial statements.
    		                            
      net interest income after benefit from loan losses
    		                     -5,600,000 -5,393,000 24,857,000 30,854,000 32,653,000 30,156,000  
      benefit from loan losses
    		                      26,581,000 2,000,000  300,000   
      tenant recoveries
    		                          2,382,000  
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.