Three Months Ended

Six Months Ended

June 30,

 

2026

 

2025

 

2026

 

2025

Investment income, net

Interest, dividend and accretion income

$

995

$

835

$

2,011

$

1,719

Interest income from investments in SPEs

2,003

4,006

Other interest income

264

364

515

905

Total investment income, net

3,262

3,202

6,532

6,630

Interest expense

Interest incurred for project financing and other interest expense

(4,654)

(5,539)

(9,524)

(11,093)

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

(2,226)

(2,221)

(4,450)

(4,442)

Total interest expense

(6,880)

(7,760)

(13,974)

(15,535)

Equity in income from unconsolidated joint ventures

4,474

7,547

7,999

17,705

Other expense, net

Loss on disposition of assets

—

(6)

(4)

(52)

Miscellaneous expense, net

(532)

(220)

(609)

(402)

Other expense, net

(532)

(226)

(613)

(454)

Total other income (expense), net

$

324

$

2,763

$

(56)

$

8,346