v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income:    
Interest income $ 6,993 $ 11,059
Less: Interest expense (4,548) (6,800)
Net interest income 2,445 4,259
Revenue from real estate 2,726 1,528
Total income 5,171 5,787
Operating expenses:    
Advisory fee 717 789
Amortization of debt finance costs 329 343
Directors compensation 20 19
Professional service fees 207 267
Real estate operating expenses 1,665 655
Depreciation and amortization 1,193 928
Other expenses 300 334
Total operating expenses 4,431 3,335
Other income (loss):    
(Provision for) reversal of credit losses (4,883) 1,496
Total other (loss) income (4,883) 1,496
Net (loss) income (4,143) 3,948
Net (loss) income attributable to common stockholders $ (5,638) $ 2,453
Net (loss) income attributable to common stockholders per share, basic $ (0.56) $ 0.24
Net (loss) income attributable to common stockholders per share, diluted $ (0.56) $ 0.24
Weighted average number of shares of common stock    
Basic 10,119,869 10,117,998
Diluted 10,119,869 10,118,475
Series A Preferred Stock    
Other income (loss):    
Series A Preferred Stock dividends $ (1,495) $ (1,495)