v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INCOME FROM INVESTMENTS:    
Interest and related income $ 14,839 $ 14,322
Less: interest and related expenses (7,182) (7,437)
Income from loan investments, net 7,657 6,885
Revenue from real estate owned 682 709
Total revenue 8,339 7,594
OTHER EXPENSES:    
Base management fees 1,305 1,079
Incentive fees 0 18
General and administrative expenses 886 963
Reimbursement of shared services expenses 574 550
Provision for (reversal of) credit losses 603 (153)
Expenses from real estate owned 580 594
Total other expenses 3,948 3,051
Income before income taxes 4,391 4,543
Income tax expense (6) (11)
Net income $ 4,385 $ 4,532
Weighted average common shares outstanding- basic (in shares) 22,398 14,757
Weighted average common shares outstanding - diluted (in shares) 22,398 14,757
Net income per common share - basic (in dollars per share) $ 0.19 $ 0.30
Net income per common share - diluted (in dollars per share) $ 0.19 $ 0.30