Reported a net loss attributable to common shareholders of $10.3 million for Q1 2026. Earnings per share (EPS) recorded at ($0.85). Results include a $2.2 million non-cash mark-to-market adjustment related to the company's 13.5 million share investment in Safehold Inc. (SAFE). Successfully received $13.7 million in total loan repayments, including $10.6 million from the Surfhouse multifamily development and $3.1 million from a senior mortgage. Repurchased approximately 0.2 million common shares for $2.0 million at an average price of $8.45 per share.