| EARNINGS & PER SHARE METRICS $0.40 DE / diluted share | • $0.48 quarterly dividend paid; $8.9B distributed since inception
• GAAP book value of $17.53/share and undepreciated book value of $18.62/
share, includes $729M of CECL and REO reductions ($1.97/share)
• Repurchased $10M of common shares at $17.16/share avg |
| INVESTMENTS $2.5B Invested this quarter | • $5.0B invested over the last six months
• $1.7B invested after quarter end
• 64% of commercial lending investing is in industrial and data centers |
| PORTFOLIO $32.2B Undepreciated assets, record level | • Commercial loans 53%, owned properties 21%
• U.S. office only 7.6% of the diversified asset base |
| CAPITALIZATION $11.4B Financing capacity | • $1.2B liquidity and 2.74x adjusted debt-to-equity
• $2.1B of corporate debt transactions (see slide 10)
• Weighted average corporate debt maturity extended to 3.7 years
• Subsequent to quarter end
• 3rd net lease ABS issuance: $321M at a 5.47% weighted average fixed rate
• Commercial lending CLO redemptions and $1.2B facility upsize: redeemed $579M
at par and upsized an existing credit facility to $3.0B |
| INDUSTRY RECOGNITION ★ | • Nareit Gold Investor CARE Award, 10th time in 12 years
• Ratings affirmed by Fitch (BB+) and Moody's (Ba2) |