| Schedule of Operating Financial Results of Our Operating Segment |
The following table provides the operating financial results of our operating segments for the year ended June 30, 2026:
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For the twelve months ended June 30, 2026 |
|
(in thousands) |
Alternative Credit |
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Real Estate |
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Total Segments |
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|
Corporate & Other |
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|
Total |
|
Revenues |
$ |
6,071 |
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|
$ |
21,705 |
|
|
$ |
27,776 |
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|
$ |
- |
|
|
$ |
27,776 |
|
Cost of revenues |
|
- |
|
|
|
13,248 |
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|
13,248 |
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|
- |
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|
13,248 |
|
Operating expenses: |
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Compensation and benefits |
|
5,316 |
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|
11,109 |
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|
16,425 |
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|
3,157 |
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|
19,582 |
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Depreciation and amortization |
|
177 |
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|
1,039 |
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|
1,216 |
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|
83 |
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|
1,299 |
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Selling, general and administrative |
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1,542 |
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|
2,513 |
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|
4,055 |
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3,602 |
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|
7,657 |
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Non-operating income/(expenses): |
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Dividends and interest income |
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- |
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53 |
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53 |
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4,724 |
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|
4,777 |
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Interest expense |
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- |
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- |
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|
- |
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|
(4,106 |
) |
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|
(4,106 |
) |
Net realized and unrealized loss |
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- |
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- |
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- |
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(22,244 |
) |
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|
(22,244 |
) |
Net realized and unrealized loss on investments of Consolidated Funds |
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- |
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- |
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- |
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(2,659 |
) |
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|
(2,659 |
) |
Interest and other income of Consolidated Funds |
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- |
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- |
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- |
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|
958 |
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|
958 |
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Loss before income taxes |
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(964 |
) |
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(6,151 |
) |
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(7,115 |
) |
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(30,169 |
) |
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(37,284 |
) |
Income tax (expense) benefit |
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- |
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(212 |
) |
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(212 |
) |
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|
588 |
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|
376 |
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Net loss |
$ |
(964 |
) |
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$ |
(6,363 |
) |
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$ |
(7,327 |
) |
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$ |
(29,581 |
) |
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$ |
(36,908 |
) |
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For the twelve months ended June 30, 2025 |
|
(in thousands) |
Alternative Credit |
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Real Estate |
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Total Segments |
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Corporate & Other |
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Total |
|
Revenues |
$ |
10,323 |
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|
$ |
5,993 |
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$ |
16,316 |
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$ |
- |
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$ |
16,316 |
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Cost of revenues |
|
- |
|
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|
1,082 |
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|
1,082 |
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|
- |
|
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|
1,082 |
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Operating expenses: |
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Compensation and benefits |
|
6,383 |
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|
5,959 |
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|
12,342 |
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|
3,136 |
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|
15,478 |
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Depreciation and amortization |
|
273 |
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|
976 |
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|
1,249 |
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- |
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|
1,249 |
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Selling, general and administrative |
|
1,317 |
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|
1,744 |
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|
3,061 |
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|
3,449 |
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|
6,510 |
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Non-operating income/(expenses): |
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- |
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- |
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|
- |
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Dividends and interest income |
|
1 |
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- |
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1 |
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6,056 |
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|
6,057 |
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Interest expense |
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- |
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- |
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- |
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(4,157 |
) |
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|
(4,157 |
) |
Net realized and unrealized gain |
|
- |
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- |
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- |
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16,854 |
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|
16,854 |
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Net realized and unrealized gain on investments of Consolidated Funds |
|
- |
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- |
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|
- |
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|
3,322 |
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|
3,322 |
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Interest and other income of Consolidated Funds |
|
- |
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|
- |
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|
- |
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|
1,563 |
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|
1,563 |
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Income (loss) before income taxes |
|
2,351 |
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(3,768 |
) |
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(1,417 |
) |
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|
17,053 |
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|
15,636 |
|
Income tax expense |
|
- |
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|
- |
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|
- |
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(86 |
) |
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|
(86 |
) |
Net income (loss) |
$ |
2,351 |
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|
$ |
(3,768 |
) |
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$ |
(1,417 |
) |
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$ |
16,967 |
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$ |
15,550 |
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