Net income attributable to common stockholders increased to $118.7 million in 2025, up from $117.8 million in 2024. Adjusted Distributable Earnings attributable to common stockholders rose to $186.0 million in 2025, compared to $138.4 million in 2024. The total adjusted long credit portfolio expanded by 24% to $4.11 billion as of December 31, 2025, from $3.33 billion in 2024. Longbridge segment reported excellent results, with significantly higher origination volumes of proprietary reverse mortgage loans and increased origination margins for HECM loans. Net interest income for the Investment Portfolio Segment increased to $179.3 million in 2025 from $142.2 million in 2024. The net interest margin on the credit portfolio improved to 3.25% in 2025 from 2.83% in 2024, benefiting from higher asset yields and lower cost of funds. Total assets reached $19.4 billion and total liabilities were $17.5 billion as of December 31, 2025. Book value per share of common stock was $13.16 as of December 31, 2025. The company issued 22,400,438 shares of common stock under its Common ATM Program, generating $301.8 million in net proceeds during 2025. The 6.750% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock was redeemed on February 27, 2026, at $25.00 liquidation preference per share plus accrued dividends.