Three Months Ended

Six Months Ended

June 30,

2025

2024

2025

2024

Investment income, net

Interest, dividend and accretion income

$

682

$

856

$

1,352

$

1,696

Interest income from investments in SPEs

2,003

4,006

Interest earned on notes receivable and other interest

517

547

1,272

1,145

Total investment income, net

3,202

3,406

6,630

6,847

Interest expense

Interest incurred for project financing and other interest expense

(5,539)

(6,301)

(11,093)

(12,638)

Interest expense and amortization of discount and issuance costs for Senior Notes issued by SPE

(2,221)

(2,218)

(4,442)

(4,434)

Total interest expense

(7,760)

(8,519)

(15,535)

(17,072)

Gain on contributions to unconsolidated joint ventures

—

11

Equity in income from unconsolidated joint ventures

7,547

5,411

17,705

12,771

Other expense, net

Miscellaneous expense, net

(226)

(102)

(454)

(562)

Other expense, net

(226)

(102)

(454)

(562)

Total other income, net

$

2,763

$

196

$

8,346

$

1,995