Equity and Redeemable Non-controlling Interest (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Noncontrolling Interest [Abstract] |
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| Schedule Of Share Repurchases |
The following table summarizes the share repurchases completed during the six months ended June 30, 2026:
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Repurchase Date |
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Total Number of Shares Repurchased⁽¹⁾ |
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Price Paid per Share |
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Total Amount of the Repurchase, Net⁽²⁾⁽³⁾ |
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Repurchases as a Percentage of NAV⁽⁴⁾ |
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Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs |
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Maximum Number of Shares Pending Repurchase Pursuant to Publicly Announced Plans or Program⁽⁵⁾ |
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March 2026 |
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687,973 |
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$ |
11.57 |
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$ |
7,915,905 |
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2.1 |
% |
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687,973 |
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— |
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June 2026 |
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823,170 |
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11.61 |
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9,554,033 |
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2.3 |
% |
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823,170 |
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— |
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1,511,143 |
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$ |
11.56 |
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$ |
17,469,938 |
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4.4 |
% |
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1,511,143 |
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— |
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(1)Repurchases are limited under the share repurchase plan as described above. (2)Share repurchases were funded from sources permitted under the Company’s share repurchase plan. (3)Amount shown net of Early Repurchase Deduction. (4)Represents aggregate NAV of the shares repurchased under the Company’s Share Repurchase Plan over aggregate NAV of all shares outstanding, in each case, based on the NAV as of the last calendar day of the prior month. (5)All repurchase requests under the Company’s share repurchase plan were satisfied.
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| Schedule of Company Distribution |
The following tables detail the Company’s distributions for the six months ended June 30, 2026:
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Declaration Date |
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Record Date |
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Payment Date |
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Distribution Per Share |
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Distribution Amount |
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March 30, 2026 |
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March 31, 2026 |
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April 20, 2026 |
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$ |
0.1314 |
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$ |
4,386,142 |
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June 29, 2026 |
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June 30, 2026 |
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July 22, 2026 |
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0.1361 |
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4,905,273 |
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$ |
0.2675 |
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$ |
9,291,415 |
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The following tables detail the Company’s distributions for the six months ended June 30, 2025:
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Declaration Date |
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Record Date |
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Payment Date |
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Distribution Per Share |
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Distribution Amount |
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March 28, 2025 |
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March 31, 2025 |
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April 28, 2025 |
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$ |
0.1218 |
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$ |
2,698,213 |
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June 27, 2025 |
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June 30, 2025 |
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July 25, 2025 |
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0.1357 |
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3,471,522 |
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$ |
0.2575 |
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$ |
6,169,735 |
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| Schedule of Changes in Redeemable Non-controlling Interest |
The following table details the changes in Redeemable Non-controlling Interest in Consolidated Joint Ventures:
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Six Months Ended |
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Year Ended |
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June 30, 2026 |
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December 31, 2025 |
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Beginning balance |
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$ |
6,660,132 |
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$ |
5,585,486 |
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Net income (loss) attributed to redeemable non-controlling interest |
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(93,526 |
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(396,079 |
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Contributions |
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25,448 |
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73,366 |
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Distributions |
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(204,500 |
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(365,500 |
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Redemption value adjustment |
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685,062 |
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1,762,859 |
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Ending balance |
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$ |
7,072,616 |
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$ |
6,660,132 |
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