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only year labels in subsequent rows." }, { "text": "Cash", "box": [ 0.1012155532836914, 0.35242739076967594, 0.13418939378526476, 0.37817806667751735 ], "status": "reconciled", "note": null }, { "text": "Securities", "box": null, "status": "header_printed_unlocated", "note": "The image prints 'Securities' as a header label with an icon above the stacked bar chart columns." }, { "text": "Loans", "box": null, "status": "header_printed_unlocated", "note": "The image prints 'Loans' as a header label with an icon above the stacked bar chart columns." }, { "text": "Equity", "box": null, "status": "header_printed_unlocated", "note": "The image prints 'Equity' as a header label with an icon above the stacked bar chart columns." }, { "text": "Securities: % IG", "box": null, "status": "header_printed_unlocated", "note": "The image prints 'Securities: % IG' as a header label above the bottom data row." }, { "text": "Loans: % Sr. Secured", "box": null, "status": "header_printed_unlocated", "note": 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"note": "The image shows '99%' printed in the Securities: % IG row for 2014." }, { "text": "89%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '89%' printed in the Loans: % Sr. Secured row for 2014." }, { "text": "44%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '44%' printed in the Equity: % Net Lease row for 2014." } ], [ { "text": "2015", "box": [ 0.23798194461398656, 0.6638019703052662, 0.26333196428087025, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "48%", "box": [ 0.2396486070421007, 0.4002686959725839, 0.26143612331814237, 0.42340203744393806 ], "status": "reconciled", "note": null }, { "text": "33%", "box": [ 0.2396486070421007, 0.537968670880353, 0.26143612331814237, 0.5611020123517072 ], "status": "reconciled", "note": null }, { "text": "16%", "box": [ 0.2396486070421007, 0.6212687174479167, 0.26143612331814237, 0.6444020589192708 ], "status": "reconciled", "note": null }, { "text": "98%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '98%' printed in the Securities: % IG row for 2015." }, { "text": "88%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '88%' printed in the Loans: % Sr. Secured row for 2015." }, { "text": "58%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '58%' printed in the Equity: % Net Lease row for 2015." } ], [ { "text": "2016", "box": [ 0.3015973620944553, 0.6638019703052662, 0.326947381761339, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "48%", "box": [ 0.30326402452256945, 0.39686869868525754, 0.3250515407986111, 0.4200020401566117 ], "status": "reconciled", "note": null }, { "text": "33%", "box": [ 0.30326402452256945, 0.5345688431351273, 0.3250515407986111, 0.5577021846064815 ], "status": "reconciled", "note": null }, { "text": "17%", "box": [ 0.30326402452256945, 0.6195686622902199, 0.3250515407986111, 0.642702003761574 ], "status": "reconciled", "note": null }, { "text": "98%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '98%' printed in the Securities: % IG row for 2016." }, { "text": "91%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '91%' printed in the Loans: % Sr. Secured row for 2016." }, { "text": "66%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '66%' printed in the Equity: % Net Lease row for 2016." } ], [ { "text": "2017", "box": [ 0.36521275838216144, 0.6638019703052662, 0.3905626932779948, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "29%", "box": [ 0.3668794420030382, 0.36116872716833043, 0.3886669158935547, 0.3843020686396846 ], "status": "reconciled", "note": null }, { "text": "50%", "box": [ 0.3668794420030382, 0.49546870478877314, 0.3886669158935547, 0.5186020462601273 ], "status": "reconciled", "note": null }, { "text": "20%", "box": [ 0.3668794420030382, 0.6144688359013311, 0.3886669158935547, 0.6376021773726852 ], "status": "reconciled", "note": null }, { "text": "100%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '100%' printed in the Securities: % IG row for 2017." }, { "text": "94%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '94%' printed in the Loans: % Sr. Secured row for 2017." }, { "text": "67%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '67%' printed in the Equity: % Net Lease row for 2017." } ], [ { "text": "2018", "box": [ 0.4288281758626302, 0.6638019703052662, 0.45417811075846354, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "19%", "box": [ 0.4304947323269314, 0.3475686815049913, 0.4522822062174479, 0.37070202297634547 ], "status": "reconciled", "note": null }, { "text": "60%", "box": [ 0.4304947323269314, 0.48186865912543403, 0.4522822062174479, 0.5050020005967882 ], "status": "reconciled", "note": null }, { "text": "19%", "box": [ 0.4304947323269314, 0.6161686650028935, 0.4522822062174479, 0.6393020064742477 ], "status": "reconciled", "note": null }, { "text": "100%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '100%' printed in the Securities: % IG row for 2018." }, { "text": "96%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '96%' printed in the Loans: % Sr. Secured row for 2018." }, { "text": "67%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '67%' printed in the Equity: % Net Lease row for 2018." } ], [ { "text": "2019", "box": [ 0.49244346618652346, 0.6638019703052662, 0.5177934010823567, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "27%", "box": [ 0.4941101498074002, 0.35776872988100406, 0.5158976236979167, 0.3809020713523582 ], "status": "reconciled", "note": null }, { "text": "53%", "box": [ 0.4941101498074002, 0.49376870614511, 0.5158976236979167, 0.5169020476164641 ], "status": "reconciled", "note": null }, { "text": "19%", "box": [ 0.4941101498074002, 0.6161686650028935, 0.5158976236979167, 0.6393020064742477 ], "status": "reconciled", "note": null }, { "text": "100%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '100%' printed in the Securities: % IG row for 2019." }, { "text": "96%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '96%' printed in the Loans: % Sr. Secured row for 2019." }, { "text": "67%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '67%' printed in the Equity: % Net Lease row for 2019." } ], [ { "text": "2020", "box": [ 0.5560630798339844, 0.6638021963614005, 0.5814130147298177, 0.6869355378327546 ], "status": "reconciled", "note": null }, { "text": "11%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '11%' printed in the Cash section of the 2020 stacked bar chart." }, { "text": "24%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '24%' printed in the Securities section of the 2020 stacked bar chart." }, { "text": "46%", "box": [ 0.5577255672878689, 0.505668866192853, 0.5795130411783854, 0.5288022076642072 ], "status": "reconciled", "note": null }, { "text": "19%", "box": [ 0.5577255672878689, 0.6161686650028935, 0.5795130411783854, 0.6393020064742477 ], "status": "reconciled", "note": null }, { "text": "100%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '100%' printed in the Securities: % IG row for 2020." }, { "text": "96%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '96%' printed in the Loans: % Sr. Secured row for 2020." }, { "text": "67%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '67%' printed in the Equity: % Net Lease row for 2020." } ], [ { "text": "2021", "box": [ 0.6196784973144531, 0.6638021963614005, 0.6450284322102865, 0.6869355378327546 ], "status": "reconciled", "note": null }, { "text": "18%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '18%' printed in the Cash section of the 2021 stacked bar chart." }, { "text": "14%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '14%' printed in the Securities section of the 2021 stacked bar chart." }, { "text": "47%", "box": [ 0.6213409847683377, 0.49716870343243635, 0.6431284586588542, 0.5203020449037905 ], "status": "reconciled", "note": null }, { "text": "21%", "box": [ 0.6213409847683377, 0.6127686677155672, 0.6431284586588542, 0.6359020091869213 ], "status": "reconciled", "note": null }, { "text": "100%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '100%' printed in the Securities: % IG row for 2021." }, { "text": "96%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '96%' printed in the Loans: % Sr. Secured row for 2021." }, { "text": "67%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '67%' printed in the Equity: % Net Lease row for 2021." } ], [ { "text": "2022", "box": [ 0.6832895914713542, 0.6638019703052662, 0.7086395263671875, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "7%", "box": [ 0.17603333791097006, 0.6195686622902199, 0.19782085418701173, 0.642702003761574 ], "status": "reconciled", "note": null }, { "text": "11%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '11%' printed in the Securities section of the 2022 stacked bar chart." }, { "text": "65%", "box": [ 0.6849562327067057, 0.4801686604817708, 0.7067437065972222, 0.503302001953125 ], "status": "reconciled", "note": null }, { "text": "17%", "box": [ 0.6849562327067057, 0.6195686622902199, 0.7067437065972222, 0.642702003761574 ], "status": "reconciled", "note": null }, { "text": "99%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '99%' printed in the Securities: % IG row for 2022." }, { "text": "98%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '98%' printed in the Loans: % Sr. Secured row for 2022." }, { "text": "66%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '66%' printed in the Equity: % Net Lease row for 2022." } ], [ { "text": "2023", "box": [ 0.7469091627332899, 0.6638021963614005, 0.7722590976291233, 0.6869355378327546 ], "status": "reconciled", "note": null }, { "text": "13%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '13%' printed in the Cash section of the 2023 stacked bar chart." }, { "text": "9%", "box": [ 0.7517383151584202, 0.36800336484555846, 0.7671882629394531, 0.3911367063169126 ], "status": "reconciled", "note": null }, { "text": "62%", "box": [ 0.7485716925726996, 0.48866865370008683, 0.770359124077691, 0.511801995171441 ], "status": "reconciled", "note": null }, { "text": "16%", "box": [ 0.7485716925726996, 0.6212687174479167, 0.770359124077691, 0.6444020589192708 ], "status": "reconciled", "note": null }, { "text": "99%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '99%' printed in the Securities: % IG row for 2023." }, { "text": "99%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '99%' printed in the Loans: % Sr. Secured row for 2023." }, { "text": "72%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '72%' printed in the Equity: % Net Lease row for 2023." } ], [ { "text": "2024", "box": [ 0.8105245802137587, 0.6638019703052662, 0.835874515109592, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "24%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '24%' printed in the Cash section of the 2024 stacked bar chart." }, { "text": "13%", "box": [ 0.8121871100531683, 0.40876868919089987, 0.8339745415581598, 0.4319020306622541 ], "status": "reconciled", "note": null }, { "text": "46%", "box": [ 0.8121871100531683, 0.5090686939380787, 0.8339745415581598, 0.5322020354094329 ], "status": "reconciled", "note": null }, { "text": "18%", "box": [ 0.8121871100531683, 0.6178687201605902, 0.8339745415581598, 0.6410020616319444 ], "status": "reconciled", "note": null }, { "text": "98%", "box": [ 0.24176512824164498, 0.7196110478153935, 0.2635526445176866, 0.7427443892867477 ], "status": "reconciled", "note": null }, { "text": "99%", "box": [ 0.684827635023329, 0.7196110478153935, 0.7066151089138455, 0.7427443892867477 ], "status": "reconciled", "note": null }, { "text": "68%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '68%' printed in the Equity: % Net Lease row for 2024." } ], [ { "text": "2025", "box": [ 0.8741356743706598, 0.6638019703052662, 0.899485609266493, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "8%", "box": [ 0.24176512824164498, 0.7613596033166956, 0.2635526445176866, 0.7844929447880498 ], "status": "reconciled", "note": null }, { "text": "35%", "box": [ 0.8758023579915365, 0.3951687000415943, 0.8975897894965278, 0.4183020415129485 ], "status": "reconciled", "note": null }, { "text": "38%", "box": [ 0.8758023579915365, 0.5192686858000579, 0.8975897894965278, 0.5424020272714121 ], "status": "reconciled", "note": null }, { "text": "19%", "box": [ 0.8758023579915365, 0.6161686650028935, 0.8975897894965278, 0.6393020064742477 ], "status": "reconciled", "note": null }, { "text": "99%", "box": [ 0.7467901441786025, 0.7613596033166956, 0.7685775756835938, 0.7844929447880498 ], "status": "reconciled", "note": null }, { "text": ">99%", "box": [ 0.8715776231553819, 0.7613596033166956, 0.8995275709364149, 0.7844929447880498 ], "status": "reconciled", "note": null }, { "text": "64%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '64%' printed in the Equity: % Net Lease row for 2025." } ], [ { "text": "Q2 2026", "box": [ 0.9289212544759115, 0.6638019703052662, 0.9717711554633246, 0.6869353117766204 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "36%", "box": [ 0.9394177754720052, 0.374768716317636, 0.9612052069769965, 0.3979020577889902 ], "status": "reconciled", "note": null }, { "text": "46%", "box": [ 0.9394177754720052, 0.5124684651692708, 0.9612052069769965, 0.535601806640625 ], "status": "reconciled", "note": null }, { "text": "18%", "box": [ 0.9394177754720052, 0.6178687201605902, 0.9612052069769965, 0.6410020616319444 ], "status": "reconciled", "note": null }, { "text": "99%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '99%' printed in the Securities: % IG row for Q2 2026." }, { "text": ">99%", "box": null, "status": "header_printed_unlocated", "note": "The image shows '>99%' printed in the Loans: % Sr. Secured row for Q2 2026." }, { "text": "58%", "box": [ 0.24176124996609158, 0.8012096263744213, 0.26354876624213325, 0.8243429678457754 ], "status": "reconciled", "note": null } ] ], "merged_cells": [ { "result": "Cash", "row": 0, "col": 1, "sources": [ "Cash \n1" ], "source_cells": [ "A8" ], "source_boxes": [ [ 0.1012155532836914, 0.35242739076967594, 0.13418939378526476, 0.37817806667751735 ] ], "box": [ 0.1012155532836914, 0.35242739076967594, 0.13418939378526476, 0.37817806667751735 ], "grounded_by": "cell_address" }, { "result": "2014", "row": 1, "col": 0, "sources": [ "2014" ], "source_cells": [ "B29" ], "source_boxes": [ [ 0.17614194022284613, 0.6638019703052662, 0.20149194929334852, 0.6869353117766204 ] ], "box": [ 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R E M I U M / ( D I S CO U N T )", "box": [ 0.20168456666666665, 0.806481037037037, 0.26131676388888886, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.26131676388888886, 0.806481037037037, 0.37529527777777777, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.37529527777777777, 0.806481037037037, 0.48961345833333336, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.48961345833333336, 0.806481037037037, 0.5921334583333333, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.5921334583333333, 0.806481037037037, 0.7045329444444444, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.7045329444444444, 0.806481037037037, 0.8148449027777777, 0.8321354074074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.8148449027777777, 0.806481037037037, 0.8947278888888889, 0.8321354074074074 ], "status": null, "note": null } ], [ { "text": "", 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Loans shown at lower of cost or fair market value. Securities shown at fair market value. 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value $1.1B |\n| CRE/Diversified/Other $1.1B / $461M | Dollar Store 13% | Net equity invested $670M |\n| | Drug Store 10% | Square Feet ~6.0M |\n| | Grocery Store | In-place annual NOI $69M |", "footnotes": [], "footnote_refs": [], "footnote_marks": [], "units": "", "header_rows": 1, "page": 20, "bbox": [ 37.3, 269.5, 698.7, 392.5 ], "som_region": [ 0.051806110805935335, 0.27322345309787327, 0.970442369249132, 0.5009386980975116 ], "content_region": [ 0.051806110805935335, 0.27322345309787327, 0.970442369249132, 0.5093960797345197 ], "cell_grid": [ [ { "text": "", "box": [ 0.06013944444444445, 0.2924394814814815, 0.12022312794444447, 0.30653485185185186 ], "status": null, "note": null }, { "text": "", "box": [ 0.12022312794444447, 0.2924394814814815, 0.20942806944444442, 0.30653485185185186 ], "status": null, "note": null }, { "text": "", "box": [ 0.20942806944444442, 0.2924394814814815, 0.33061601297222226, 0.30653485185185186 ], "status": null, "note": null }, { "text": "P R O P E R 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(4 Properties) | Hy-Vee Inc. Supermarkets (6 Properties) | Additional Net Leased Properties (15 Properties) | Total Net Leased / Weighted-Avg. (149 Properties) |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| Undepreciated Asset Value | $158.9 1 | $130.0 | $119.0 | $73.0 | $57.0 | $59.0 | $596.9 |\n| Asset Carrying Value (Depreciated) | $112.6 | $96.1 | $78.2 | $33.7 | $35.6 | $37.3 | $393.4 |\n| Non-Recourse Mortgage Debt Financing | $82.4 | $61.4 | $64.2 | $55.4 | $8.1 | $9.0 | $280.5 |\n| Weighted-Average Interest Rate on Debt | 5.0% | 5.2% | 4.9% | 6.8% | 6.8% | 5.4% | 5.4% |\n| Net Equity Invested | $76.6 1 | $68.6 | $54.8 | $17.6 | $48.9 | $50.0 | $316.4 |\n| In-Place Annual Net Operating Income (NOI) | $8.1 | $8.9 | $7.9 | $6.1 | $3.3 | $3.8 | $38.2 |\n| Weighted-Avg. 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(4 Properties)", "box": null, "status": "label_printed_unlocated", "note": "The text 'BJ's Wholesale Club Inc.' with '(4 Properties)' is printed in the header row." }, { "text": "Hy-Vee Inc. Supermarkets (6 Properties)", "box": null, "status": "label_printed_unlocated", "note": "The text 'Hy-Vee Inc. Supermarkets' with '(6 Properties)' is printed in the header row." }, { "text": "Additional Net Leased Properties (15 Properties)", "box": null, "status": "label_printed_unlocated", "note": "The text 'Additional Net Leased Properties' with '(15 Properties)' is printed in the header row." }, { "text": "Total Net Leased / Weighted-Avg. (149 Properties)", "box": null, "status": "label_printed_unlocated", "note": "The text 'Total Net Leased/ Weighted-Avg.' with '(149 Properties)' is printed in the header row." } ], [ { "text": "Undepreciated Asset Value", "box": [ 0.09716167449951171, 0.2908872816297743, 0.22978449927435982, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$158.9 1", "box": null, "status": "label_printed_unlocated", "note": "The cell displays '$158.9' with a superscript '1' printed immediately after it." }, { "text": "$130.0", "box": [ 0.4345514933268229, 0.2908872816297743, 0.46746610005696615, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$119.0", "box": [ 0.5163843790690105, 0.2908872816297743, 0.5492989857991536, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$73.0", "box": [ 0.6041694217258029, 0.2908872816297743, 0.6311319139268663, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$57.0", "box": [ 0.6860023074679904, 0.2908872816297743, 0.7129659864637586, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$59.0", "box": [ 0.7710293240017361, 0.2908872816297743, 0.7979929606119792, 0.3126999749077691 ], "status": "reconciled", "note": null }, { "text": "$596.9", "box": [ 0.8589322408040364, 0.2908872816297743, 0.8918468051486546, 0.3126999749077691 ], "status": "reconciled", "note": null } ], [ { "text": "Asset Carrying Value (Depreciated)", "box": [ 0.09717792934841579, 0.34101873327184606, 0.26379983690049913, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$112.6", "box": [ 0.35291900634765627, 0.34101873327184606, 0.38564974466959634, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$96.1", "box": [ 0.44070404900444876, 0.34101873327184606, 0.46748267279730904, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$78.2", "box": [ 0.5225369347466363, 0.34101873327184606, 0.5493155585394965, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$33.7", "box": [ 0.6043698204888238, 0.34101873327184606, 0.631148444281684, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$35.6", "box": [ 0.6862027062310113, 0.34101873327184606, 0.7129813300238715, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$37.3", "box": [ 0.771229722764757, 0.34101873327184606, 0.798008304172092, 0.36204565542715567 ], "status": "reconciled", "note": null }, { "text": "$393.4", "box": [ 0.8591326395670573, 0.34101873327184606, 0.8918633355034722, 0.36204565542715567 ], "status": "reconciled", "note": null } ], [ { "text": "Non-Recourse Mortgage Debt Financing", "box": [ 0.09718971252441407, 0.390945886682581, 0.288748041788737, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$82.4", "box": [ 0.3588829040527344, 0.390945886682581, 0.3856615278455946, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$61.4", "box": [ 0.4407157897949219, 0.390945886682581, 0.4674944135877821, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$64.2", "box": [ 0.5225486755371094, 0.390945886682581, 0.5493272993299696, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$55.4", "box": [ 0.6043815612792969, 0.390945886682581, 0.6311601850721571, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$8.1", "box": [ 0.6921666039360894, 0.390945886682581, 0.7129931131998698, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$9.0", "box": [ 0.7771936204698351, 0.390945886682581, 0.7980200873480903, 0.4119728088378906 ], "status": "reconciled", "note": null }, { "text": "$280.5", "box": [ 0.8591444227430556, 0.390945886682581, 0.8918751186794704, 0.4119728088378906 ], "status": "reconciled", "note": null } ], [ { "text": "Weighted-Average Interest Rate on Debt", "box": [ 0.09720149570041232, 0.44087304009331596, 0.2916203180948893, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "5.0%", "box": [ 0.36417499118381075, 0.44087304009331596, 0.3874530792236328, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "5.2%", "box": [ 0.44600787692599825, 0.44087304009331596, 0.4692859649658203, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "4.9%", "box": [ 0.5278407626681858, 0.44087304009331596, 0.5511188507080078, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "6.8%", "box": [ 0.6096736484103733, 0.44087304009331596, 0.6329517364501953, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "6.8%", "box": [ 0.6915065341525608, 0.44087304009331596, 0.714784664577908, 0.461334228515625 ], "status": "reconciled", "note": null }, { "text": "5.4%", "box": [ 0.7765335083007813, 0.44087304009331596, 0.7998115539550781, 0.461334228515625 ], "status": 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0.562335713704427 ], "status": "reconciled", "note": null }, { "text": "$6.1", "box": [ 0.6102038913302952, 0.540523048683449, 0.6312142690022786, 0.562335713704427 ], "status": "reconciled", "note": null }, { "text": "$3.3", "box": [ 0.6920367770724827, 0.540523048683449, 0.7130471971299913, 0.562335713704427 ], "status": "reconciled", "note": null }, { "text": "$3.8", "box": [ 0.7770638359917534, 0.540523048683449, 0.7980741712782118, 0.562335713704427 ], "status": "reconciled", "note": null }, { "text": "$38.2", "box": [ 0.8649667527940538, 0.540523048683449, 0.8919303894042969, 0.562335713704427 ], "status": "reconciled", "note": null } ], [ { "text": "Weighted-Avg. Remaining Lease Term (years)", "box": [ 0.09726024203830295, 0.590450202094184, 0.31929344601101345, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "5.3", "box": [ 0.37068091498480904, 0.590450202094184, 0.3857391781277127, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "6.4", "box": [ 0.45251380072699654, 0.590450202094184, 0.4675720638699002, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "7.2", "box": [ 0.534346686469184, 0.590450202094184, 0.5494049496120876, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "5.3", "box": [ 0.6161795722113715, 0.590450202094184, 0.6312378353542751, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "8.3", "box": [ 0.698012457953559, 0.590450202094184, 0.7130707634819878, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "5.7", "box": [ 0.7830395168728299, 0.590450202094184, 0.7980977376302083, 0.6122628671151621 ], "status": "reconciled", "note": null }, { "text": "6.2", "box": [ 0.8769063313802083, 0.590450202094184, 0.8919645521375869, 0.6122628671151621 ], "status": "reconciled", "note": null } ], [ { "text": "~ Total Square Feet", "box": [ 0.09716167449951171, 0.6405895091869213, 0.18888924916585287, 0.6616164595992476 ], "status": "reconciled", "note": null }, { "text": "822,540", "box": [ 0.3505077785915799, 0.6405895091869213, 0.3891906314425998, 0.6616164595992476 ], "status": "reconciled", "note": null }, { "text": "929,285", "box": [ 0.4323406643337674, 0.6405895091869213, 0.4710235171847873, 0.6616164595992476 ], "status": "reconciled", "note": null }, { "text": "307,664", "box": [ 0.5141735500759549, 0.6405895091869213, 0.5528564029269748, 0.6616164595992476 ], "status": "reconciled", "note": null }, { "text": "456,176", "box": [ 0.5960064358181424, 0.6405895091869213, 0.6346892886691623, 0.6616164595992476 ], "status": "reconciled", "note": null }, { "text": 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Corporate Debt) | 2,683 | D\nSecured Financing on Assets | 281 | Accumulated Depreciation & Amortization | (281) |\n| | | | | 4 | |\n| % First Mortgage | 99.9% | Net Equity Invested (excl. Corporate Debt) | 316 | Other | 102 |\n| % Other (Mezzanine / Subordinate) | 0.1% | Total Square Feet | 3,437,369 | Total Assets | 5,606 |\n| Weighted-Average Yield | 7.3% | Weighted-Average % Leased | 100% | | |\n| Origination Volume (LTM) | $2,089 | In-Place Annual Net Operating Income (NOI) | $38.2 | Total Liabilities | |\n| Funding Volume (LTM) | 1,931 | Accounting method: carried at depreciated book value | | Unsecured Corporate Bonds | $2,207 |\n| Accounting method: carried at amortized cost | | | | Unsecured Revolving Credit Facility | 477 |\n| | | | | Total Unsecured Debt | 2,684 |\n| | | 1,\n2 | | | |\n| Conduit Loans | | Diversified Commercial Real Estate | | A\nB\nC\nD\nE\nSecured Financing | 1,321 |\n| Carrying Value of Assets | $27 | Carrying Value of Assets | $383 | Total Debt | 4,005 |\n| | | | | 5 | |\n| B\nSecured Financing on Assets | \u2013 | Undepreciated Book Value of Assets | 461 | Other | 175 |\n| Net Equity Invested (excl. Corporate Debt) | 27 | E\nSecured Financing on Assets | 107 | Total Liabilities | 4,180 |\n| Weighted-Average Coupon | 4.6% | Net Equity Invested (excl. Corporate Debt) | 354 | | |\n| Origination Volume (LTM) | $26 | Total Square Feet | 2,530,614 | Book Equity Value | |\n| | | 3 | | | |\n| Loan Sale Volume (LTM) | 34 | Weighted-Average Occupancy | 79% | GAAP Book Equity Value (excl. NCI) | $1,429 |\n| Accounting method: carried at lower of cost or FMV | | In-Place Annual Net Operating Income (NOI) | $30.6 | Total Shares Outstanding (mm) | 126.9 |\n| | | | | 6 | |\n| | | Weighted-Average % Owned by Ladder | 94.8% | GAAP Book Value per Share | $11.27 |\n| | | | | 6 | |\n| | | Accounting method: carried at depreciated book value | | Undepreciated Book Value per Share | $13.44 |\n| Securities | | | | | |\n| | | | | 6 | |\n| Carrying Value of Assets | $1,872 | | | Leverage | |\n| C\nSecured Financing on Assets | 826 | | | Adjusted Debt (for Adjusted Leverage Ratio) | $4,005 |\n| Net Equity Invested (excl. Corporate Debt) | 1,047 | | | Total Adjusted Equity | 1,736 |\n| % AAA-Rated | 96% | | | Adjusted Leverage Ratio | 2.3x |\n| % Investment Grade-Rated | 99% | | | | |\n| | | | | 6 | |\n| Weighted-Average Yield | 5.2% | | | Return on Average Equity | |\n| Average CUSIP Size | $13.9 | | | Distributable Earnings (LTM) | $112 |\n| Weighted-Average Duration | 3.0 Years | | | Average Shareholders' Equity Value (LTM) | 1,473 |\n| Accounting method: carried at FMV | | | | After-Tax Distributable ROAE (LTM) | 7.4% |\n| Note: As of 06/30/2026. Dollars in millions, except per share amounts. | | | | | |\n| | 1. All metrics shown on a consolidated basis, except weighted-average % owned by Ladder | | | | |\n| | 2. Excludes investments in unconsolidated ventures with total book value of $41.5 million | | | | |\n| 3. Excludes hotel assets | | | | | |\n| | 4. Includes restricted cash, investments in unconsolidated ventures, accrued interest receivable, CECL allowance, derivative instruments and other assets | | | | |\n| 5. Includes dividends payable, accrued expenses and other liabilities | | | | | |\n| 6. For a description of these GAAP and non-GAAP financial measures, see Selected Definitions on page 34 | | | | | |\n| | | 29 | | | |", "footnotes": [], "footnote_refs": [], "footnote_marks": [], "units": "", "header_rows": null, "page": 29, "bbox": [ 18.4, 3.9, 705.7, 453.3 ], "som_region": [ 0.025500784979926215, 0.16055882771809896, 0.9801198323567708, 0.992867589879919 ], "content_region": [ 0.025500784979926215, 0.16055882771809896, 0.9801198323567708, 0.9817564787688079 ], "cell_grid": [ [ { "text": "", "box": [ 0.03383416666666664, 0.1769309674074074, 0.25470747769444446, 0.1984558773148148 ], "status": null, "note": null }, { "text": "Snapshot of Business Lines", "box": [ 0.2868665271335178, 0.1769309674074074, 0.3426946701527777, 0.19249615139431422 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.1769309674074074, 0.5751964530416667, 0.1984558773148148 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.1769309674074074, 0.6612831619652777, 0.1984558773148148 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.1769309674074074, 0.9038295793541667, 0.1984558773148148 ], "status": null, "note": null }, { "text": "Total Assets & Liabilities, Book Equity, Leverage and ROE", "box": [ 0.9038295793541667, 0.1769309674074074, 0.9717858541250002, 0.19249615139431422 ], "status": null, "note": null } ], [ { "text": "Balance Sheet Loans", "box": [ 0.05916472011142307, 0.1993795324254919, 0.1475723796420627, 0.21875986169885706 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.1984558773148148, 0.3426946701527777, 0.2212866425 ], "status": null, "note": null }, { "text": "Net Leased Commercial Real Estate (100% Owned)", "box": [ 0.3737352583143446, 0.1989980626989294, 0.5934818267822266, 0.21837856151439525 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.1984558773148148, 0.6612831619652777, 0.2212866425 ], "status": null, "note": null }, { "text": "Total Assets", "box": [ 0.704043197631836, 0.17166993882921006, 0.7608922322591146, 0.19249615139431422 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.1984558773148148, 0.9717858541250002, 0.2212866425 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.21909398679380063, 0.16169226964314778, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$2,790", "box": [ 0.2792554219563802, 0.21909398679380063, 0.3084732903374566, 0.23777618408203124 ], "status": null, "note": null }, { "text": "Carrying Value of Assets", "box": [ 0.3737370808919271, 0.21909398679380063, 0.4762658013237847, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$393", "box": [ 0.601783201429579, 0.21909398679380063, 0.6230526394314236, 0.23777618408203124 ], "status": null, "note": null }, { "text": "Cash & Cash Equivalents", "box": [ 0.6995217641194661, 0.21909398679380063, 0.8031709459092882, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$38", "box": [ 0.942333984375, 0.21909398679380063, 0.9582834031846789, 0.23777618408203124 ], "status": null, "note": null } ], [ { "text": "A\nSecured Financing on Assets", "box": [ 0.05916832817925347, 0.21909398679380063, 0.19041033850775824, 0.2579244543004919 ], "status": null, "note": null }, { "text": "107", "box": [ 0.292534425523546, 0.23924227114076968, 0.30848382314046224, 0.2579244543004919 ], "status": null, "note": null }, { "text": "Undepreciated Book Value of Assets", "box": [ 0.37373712327745223, 0.23924227114076968, 0.5279480404324002, 0.2579244543004919 ], "status": null, "note": null }, { "text": "597", "box": [ 0.6071032206217448, 0.23924227114076968, 0.6230526818169488, 0.2579244543004919 ], "status": null, "note": null }, { "text": "Loans, Securities & Real Estate", "box": [ 0.6995218065049913, 0.23924227114076968, 0.8292531331380208, 0.2579244543004919 ], "status": null, "note": null }, { "text": "5,748", "box": [ 0.934375, 0.23924227114076968, 0.9582729763454861, 0.2579244543004919 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05915790134006076, 0.25939054135923034, 0.23885108100043403, 0.27807272451895254 ], "status": null, "note": null }, { "text": "2,683", "box": [ 0.2845754835340712, 0.25939054135923034, 0.3084733963012695, 0.27807272451895254 ], "status": null, "note": null }, { "text": "D\nSecured Financing on Assets", "box": [ 0.37373716566297743, 0.25939054135923034, 0.505826187133789, 0.27807272451895254 ], "status": null, "note": null }, { "text": "281", "box": [ 0.6071032630072699, 0.25939054135923034, 0.6230527242024739, 0.27807272451895254 ], "status": null, "note": null }, { "text": "Accumulated Depreciation & Amortization", "box": [ 0.6995218488905165, 0.25939054135923034, 0.8799986097547743, 0.27807272451895254 ], "status": null, "note": null }, { "text": "(281)", "box": [ 0.9391818576388888, 0.25939054135923034, 0.961461893717448, 0.27807272451895254 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.2803056246296296, 0.25470747769444446, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.2803056246296296, 0.3426946701527777, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.2803056246296296, 0.5751964530416667, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.2803056246296296, 0.6612831619652777, 0.2873964103703704 ], "status": null, "note": null }, { "text": "4", "box": [ 0.7255029466417101, 0.2798306217900029, 0.7285493638780381, 0.2905499776204427 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.2803056246296296, 0.9717858541250002, 0.2873964103703704 ], "status": null, "note": null } ], [ { "text": "% First Mortgage", "box": [ 0.05915798611111111, 0.27953881157769095, 0.1315492206149631, 0.2982209947374132 ], "status": null, "note": null }, { "text": "99.9%", "box": [ 0.2823973125881619, 0.27953881157769095, 0.3084766176011827, 0.2982209947374132 ], "status": null, "note": null }, { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.3737267812093099, 0.27953881157769095, 0.5534212748209636, 0.2982209947374132 ], "status": null, "note": null }, { "text": "316", "box": [ 0.6070928785536024, 0.27953881157769095, 0.6230423397488064, 0.2982209947374132 ], "status": null, "note": null }, { "text": "Other", "box": [ 0.6995223575168186, 0.2797523215964988, 0.7242894490559896, 0.2984345047562211 ], "status": null, "note": null }, { "text": "102", "box": [ 0.9423317803276909, 0.2795234397605613, 0.9582811991373698, 0.2982056229202836 ], "status": null, "note": null } ], [ { "text": "% Other (Mezzanine / Subordinate)", "box": [ 0.05916472011142307, 0.2996663976598669, 0.20705975426567924, 0.31834880687572337 ], "status": null, "note": null }, { "text": "0.1%", "box": [ 0.2877293904622396, 0.29966662371600117, 0.30848873986138237, 0.31834880687572337 ], "status": null, "note": null }, { "text": "Total Square Feet", "box": [ 0.37373890346950955, 0.29966662371600117, 0.4484330071343316, 0.31834880687572337 ], "status": null, "note": null }, { "text": "3,437,369", "box": [ 0.5805575900607639, 0.29966662371600117, 0.6230441199408637, 0.31834880687572337 ], "status": null, "note": null }, { "text": "Total Assets", "box": [ 0.6995340983072916, 0.29966662371600117, 0.7505459255642362, 0.31834880687572337 ], "status": null, "note": null }, { "text": "5,606", "box": [ 0.9343872918023004, 0.29966662371600117, 0.9582852681477865, 0.31834880687572337 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Yield", "box": [ 0.05916472011142307, 0.3198095816153067, 0.16171319749620225, 0.33849176477502896 ], "status": null, "note": null }, { "text": "7.3%", "box": [ 0.287724855211046, 0.3198095816153067, 0.30848420461018883, 0.33849176477502896 ], "status": null, "note": null }, { "text": "Weighted-Average % Leased", "box": [ 0.37373436821831596, 0.3198095816153067, 0.4950002034505208, 0.33849176477502896 ], "status": null, "note": null }, { "text": "100%", "box": [ 0.5996022542317708, 0.3198095816153067, 0.6230499267578125, 0.33849176477502896 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.3214388866666667, 0.9038295793541667, 0.34158194222222227 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.3214388866666667, 0.9717858541250002, 0.34158194222222227 ], "status": null, "note": null } ], [ { "text": "Origination Volume (LTM)", "box": [ 0.05916472011142307, 0.339952709056713, 0.1702044381035699, 0.3586350617585359 ], "status": null, "note": null }, { "text": "$2,089", "box": [ 0.27925626966688366, 0.3399528785988137, 0.3084741380479601, 0.3586350617585359 ], "status": null, "note": null }, { "text": "In-Place Annual Net Operating Income (NOI)", "box": [ 0.37373792860243055, 0.3399528785988137, 0.5624886830647786, 0.3586350617585359 ], "status": null, "note": null }, { "text": "$38.2", "box": [ 0.5991461435953777, 0.3399528785988137, 0.6230472988552518, 0.3586350617585359 ], "status": null, "note": null }, { "text": "Total Liabilities", "box": [ 0.6995237138536241, 0.34038571958188657, 0.7651067945692275, 0.35976604885525176 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.34158194222222227, 0.9717858541250002, 0.36203943805555555 ], "status": null, "note": null } ], [ { "text": "Funding Volume (LTM)", "box": [ 0.05916472011142307, 0.3600958930121528, 0.15652734968397353, 0.37877824571397567 ], "status": null, "note": null }, { "text": "1,931", "box": [ 0.284576055738661, 0.36009606255425347, 0.3084739685058594, 0.37877824571397567 ], "status": null, "note": null }, { "text": "Accounting method: carried at depreciated book value", "box": [ 0.39032597011990017, 0.36203943805555555, 0.5742291344536675, 0.37827558164243347 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.36203943805555555, 0.6612831619652777, 0.38161700111111113 ], "status": null, "note": null }, { "text": "Unsecured Corporate Bonds", "box": [ 0.699522442287869, 0.36009606255425347, 0.8196004231770834, 0.37877824571397567 ], "status": null, "note": null }, { "text": "$2,207", "box": [ 0.9290556165907118, 0.36009606255425347, 0.9582735697428385, 0.37877824571397567 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at amortized cost", "box": [ 0.09378638797336154, 0.38161700111111113, 0.25470747769444446, 0.398418539541739 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.38161700111111113, 0.3426946701527777, 0.40201395675925927 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.38161700111111113, 0.5751964530416667, 0.40201395675925927 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.38161700111111113, 0.6612831619652777, 0.40201395675925927 ], "status": null, "note": null }, { "text": "Unsecured Revolving Credit Facility", "box": [ 0.6995223575168186, 0.380239020453559, 0.8490379333496094, 0.39892120361328126 ], "status": null, "note": null }, { "text": "477", "box": [ 0.9423344930013021, 0.380239020453559, 0.9582839118109809, 0.39892120361328126 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.40201395675925927, 0.25470747769444446, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.40201395675925927, 0.3426946701527777, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.40201395675925927, 0.5751964530416667, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.40201395675925927, 0.6612831619652777, 0.42145321138888897 ], "status": null, "note": null }, { "text": "Total Unsecured Debt", "box": [ 0.6995223151312934, 0.40038729067201967, 0.7922212388780382, 0.4190694738317419 ], "status": null, "note": null }, { "text": "2,684", "box": [ 0.934375508626302, 0.40038729067201967, 0.9582734849717882, 0.4190694738317419 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.42145321138888897, 0.25470747769444446, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.42145321138888897, 0.3426946701527777, 0.42854656722222223 ], "status": null, "note": null }, { "text": "1,\n2", "box": [ 0.5262995825873481, 0.4207284715440538, 0.534153069390191, 0.431848398844401 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.42145321138888897, 0.6612831619652777, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.42145321138888897, 0.9038295793541667, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.42145321138888897, 0.9717858541250002, 0.42854656722222223 ], "status": null, "note": null } ], [ { "text": "Conduit Loans", "box": [ 0.059158409966362846, 0.42095444290726275, 0.12060710059271919, 0.4403347721806279 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.42854656722222223, 0.3426946701527777, 0.4428613342592593 ], "status": null, "note": null }, { "text": "Diversified Commercial Real Estate", "box": [ 0.3737354278564453, 0.42057269061053243, 0.5251165178087023, 0.43995301988389757 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.42854656722222223, 0.6612831619652777, 0.4428613342592593 ], "status": null, "note": null }, { "text": "A\nB\nC\nD\nE\nSecured Financing", "box": [ 0.6995224846733941, 0.4205253318504051, 0.8619382222493489, 0.43920751501012734 ], "status": null, "note": null }, { "text": "1,321", "box": [ 0.9343756781684027, 0.4205253318504051, 0.9582736545138889, 0.43920751501012734 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.44066845929181137, 0.16169226964314778, 0.45935064245153356 ], "status": null, "note": null }, { "text": "$27", "box": [ 0.29253179762098525, 0.44066845929181137, 0.30848119523790146, 0.45935064245153356 ], "status": null, "note": null }, { "text": "Carrying Value of Assets", "box": [ 0.3737344953748915, 0.44066845929181137, 0.4762621561686198, 0.45935064245153356 ], "status": null, "note": null }, { "text": "$383", "box": [ 0.6017806159125434, 0.44066845929181137, 0.6230500539143881, 0.45935064245153356 ], "status": null, "note": null }, { "text": "Total Debt", "box": [ 0.6995191786024305, 0.44066845929181137, 0.7441093444824218, 0.45935064245153356 ], "status": null, "note": null }, { "text": "4,005", "box": [ 0.9343723720974393, 0.44066845929181137, 0.9582703484429254, 0.45935064245153356 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.4615887251851852, 0.25470747769444446, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.4615887251851852, 0.3426946701527777, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.4615887251851852, 0.5751964530416667, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.4615887251851852, 0.6612831619652777, 0.4686846511111111 ], "status": null, "note": null }, { "text": "5", "box": [ 0.7255029466417101, 0.46111893830475986, 0.7285493638780381, 0.4718382941351997 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.4615887251851852, 0.9717858541250002, 0.4686846511111111 ], "status": null, "note": null } ], [ { "text": "B\nSecured Financing on Assets", "box": [ 0.0591552734375, 0.46081672951027197, 0.19047200944688586, 0.4794989126699942 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.3032764858669705, 0.46081672951027197, 0.30849172804090713, 0.4794989126699942 ], "status": null, "note": null }, { "text": "Undepreciated Book Value of Assets", "box": [ 0.3737240685356988, 0.46081672951027197, 0.5279349856906467, 0.4794989126699942 ], "status": null, "note": null }, { "text": "461", "box": [ 0.6070901658799913, 0.46081672951027197, 0.6230396270751953, 0.4794989126699942 ], "status": null, "note": null }, { "text": "Other", "box": [ 0.6995223575168186, 0.46104052508318866, 0.7242894490559896, 0.47972270824291086 ], "status": null, "note": null }, { "text": "175", "box": [ 0.9423317803276909, 0.4608115867332176, 0.9582811991373698, 0.4794937698929398 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05916472011142307, 0.4809547706886574, 0.23885790506998697, 0.49963695384837964 ], "status": null, "note": null }, { "text": "27", "box": [ 0.29785389370388454, 0.4809547706886574, 0.30848333570692277, 0.49963695384837964 ], "status": null, "note": null }, { "text": "E\nSecured Financing on Assets", "box": [ 0.37373661465115016, 0.4809547706886574, 0.5049939473470052, 0.49963695384837964 ], "status": null, "note": null }, { "text": "107", "box": [ 0.6071027119954427, 0.4809547706886574, 0.6230521731906467, 0.49963695384837964 ], "status": null, "note": null }, { "text": "Total Liabilities", "box": [ 0.6995212978786892, 0.4809547706886574, 0.7631618923611111, 0.49963695384837964 ], "status": null, "note": null }, { "text": "4,180", "box": [ 0.9343744913736979, 0.4809547706886574, 0.9582724677191841, 0.49963695384837964 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Coupon", "box": [ 0.05915739271375868, 0.5011030409071181, 0.17428949144151476, 0.5197852240668402 ], "status": null, "note": null }, { "text": "4.6%", "box": [ 0.2877166748046875, 0.5011030409071181, 0.3084760242038303, 0.5197852240668402 ], "status": null, "note": null }, { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.3737261878119575, 0.5011030409071181, 0.5534196217854818, 0.5197852240668402 ], "status": null, "note": null }, { "text": "354", "box": [ 0.60709228515625, 0.5011030409071181, 0.623041746351454, 0.5197852240668402 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.5027296975000001, 0.9038295793541667, 0.5228728456481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5027296975000001, 0.9717858541250002, 0.5228728456481482 ], "status": null, "note": null } ], [ { "text": "Origination Volume (LTM)", "box": [ 0.05916472011142307, 0.5212410820855035, 0.1702044381035699, 0.5399232652452257 ], "status": null, "note": null }, { "text": "$26", "box": [ 0.2925352308485243, 0.5212410820855035, 0.30848462846544056, 0.5399232652452257 ], "status": null, "note": null }, { "text": "Total Square Feet", "box": [ 0.37373792860243055, 0.5212410820855035, 0.4484320322672526, 0.5399232652452257 ], "status": null, "note": null }, { "text": "2,530,614", "box": [ 0.5805565728081598, 0.5212410820855035, 0.6230431026882596, 0.5399232652452257 ], "status": null, "note": null }, { "text": "Book Equity Value", "box": [ 0.7260197957356771, 0.5413842095269097, 0.8031098259819879, 0.5600663926866319 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5228728456481482, 0.9717858541250002, 0.5425313313888889 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.5425313313888889, 0.25470747769444446, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5425313313888889, 0.3426946701527777, 0.5492572437037038 ], "status": null, "note": null }, { "text": "3", "box": [ 0.5032948811848958, 0.5416914763274017, 0.506341298421224, 0.5524108321578415 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.5425313313888889, 0.6612831619652777, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.5425313313888889, 0.9038295793541667, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5425313313888889, 0.9717858541250002, 0.5492572437037038 ], "status": null, "note": null } ], [ { "text": "Loan Sale Volume (LTM)", "box": [ 0.05916472011142307, 0.5413842095269097, 0.16270777384440105, 0.5600663926866319 ], "status": null, "note": null }, { "text": "34", "box": [ 0.29785673353407116, 0.5413842095269097, 0.3084861755371094, 0.5600663926866319 ], "status": null, "note": null }, { "text": "Weighted-Average Occupancy", "box": [ 0.37373945448133683, 0.5416076095015915, 0.5020794338650174, 0.5602897926613136 ], "status": null, "note": null }, { "text": "79%", "box": [ 0.6049279106987847, 0.5413842095269097, 0.6230556064181858, 0.5600663926866319 ], "status": null, "note": null }, { "text": "GAAP Book Equity Value (excl. NCI)", "box": [ 0.6995247734917535, 0.5413842095269097, 0.8491315205891927, 0.5600663926866319 ], "status": null, "note": null }, { "text": "$1,429", "box": [ 0.9290523952907986, 0.5413842095269097, 0.9582703484429254, 0.5600663926866319 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at lower of cost or FMV", "box": [ 0.08125388887193467, 0.5630169440740741, 0.2496222178141276, 0.5797068843135127 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5630169440740741, 0.3426946701527777, 0.5824475214814815 ], "status": null, "note": null }, { "text": "In-Place Annual Net Operating Income (NOI)", "box": [ 0.3737354278564453, 0.561527336968316, 0.5624886830647786, 0.5802095201280382 ], "status": null, "note": null }, { "text": "$30.6", "box": [ 0.5991461435953777, 0.561527336968316, 0.6230472988552518, 0.5802095201280382 ], "status": null, "note": null }, { "text": "Total Shares Outstanding (mm)", "box": [ 0.6995237138536241, 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null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6242639573148148, 0.5751964530416667, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6242639573148148, 0.6612831619652777, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.6242639573148148, 0.9038295793541667, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6242639573148148, 0.9717858541250002, 0.6435887675 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.6435887675, 0.25470747769444446, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.6435887675, 0.3426946701527777, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6435887675, 0.5751964530416667, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6435887675, 0.6612831619652777, 0.6501211968518519 ], "status": null, "note": null }, { "text": "6", "box": [ 0.739752197265625, 0.64230307119864, 0.7427986145019532, 0.6534230550130208 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6435887675, 0.9717858541250002, 0.6501211968518519 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.6420999597620081, 0.16169226964314778, 0.6607821429217303 ], "status": null, "note": null }, { "text": "$1,872", "box": [ 0.2792518827650282, 0.6420999597620081, 0.3084697511461046, 0.6607821429217303 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6501211968518519, 0.5751964530416667, 0.664245068425926 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6501211968518519, 0.6612831619652777, 0.664245068425926 ], "status": null, "note": null }, { "text": "Leverage", "box": [ 0.8217619154188368, 0.6622430872034144, 0.8601682027180989, 0.6809252703631365 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6501211968518519, 0.9717858541250002, 0.664245068425926 ], "status": null, "note": null } ], [ { "text": "C\nSecured Financing on Assets", "box": [ 0.05916472011142307, 0.6420999597620081, 0.19047200944688586, 0.6809252703631365 ], "status": null, "note": null }, { "text": "826", "box": [ 0.29253179762098525, 0.6622430872034144, 0.30848119523790146, 0.6809252703631365 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.664245068425926, 0.5751964530416667, 0.6840153681481481 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.664245068425926, 0.6612831619652777, 0.6840153681481481 ], "status": null, "note": null }, { "text": "Adjusted Debt (for Adjusted Leverage Ratio)", "box": [ 0.6995223575168186, 0.6622430872034144, 0.8878216213650174, 0.6809252703631365 ], "status": null, "note": null }, { "text": "$4,005", "box": [ 0.9290576510959201, 0.6622430872034144, 0.9582756042480469, 0.6809252703631365 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05916472011142307, 0.6823860451027199, 0.23885790506998697, 0.7010682282624421 ], "status": null, "note": null }, { "text": "1,047", "box": [ 0.28457749684651695, 0.6823860451027199, 0.3084754096137153, 0.7010682282624421 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6840153681481481, 0.5751964530416667, 0.7041609937962963 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6840153681481481, 0.6612831619652777, 0.7041609937962963 ], "status": null, "note": null }, { "text": "Total Adjusted Equity", "box": [ 0.6995238410101996, 0.6823860451027199, 0.7903817070855035, 0.7010682282624421 ], "status": null, "note": null }, { "text": "1,736", "box": [ 0.9343770345052084, 0.6823860451027199, 0.9582750108506944, 0.7010682282624421 ], "status": null, "note": null } ], [ { "text": "% AAA-Rated", "box": [ 0.059159935845269095, 0.7025343718352142, 0.11530331505669487, 0.7212165549949363 ], "status": null, "note": null }, { "text": "96%", "box": [ 0.290347777472602, 0.7025343718352142, 0.3084754308064779, 0.7212165549949363 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7041609937962963, 0.5751964530416667, 0.7243092821296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7041609937962963, 0.6612831619652777, 0.7243092821296295 ], "status": null, "note": null }, { "text": "Adjusted Leverage Ratio", "box": [ 0.699513414171007, 0.7025343718352142, 0.8026033189561632, 0.7212165549949363 ], "status": null, "note": null }, { "text": "2.3x", "box": [ 0.940492926703559, 0.7025343718352142, 0.9582991706000434, 0.7212165549949363 ], "status": null, "note": null } ], [ { "text": "% Investment Grade-Rated", "box": [ 0.05916002061631945, 0.7226826420536747, 0.17366273668077256, 0.741364825213397 ], "status": null, "note": null }, { "text": "99%", "box": [ 0.29034786224365233, 0.7226826420536747, 0.3084755155775282, 0.741364825213397 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7243092821296295, 0.5751964530416667, 0.7437459666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7243092821296295, 0.6612831619652777, 0.7437459666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.7243092821296295, 0.9038295793541667, 0.7437459666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.7243092821296295, 0.9717858541250002, 0.7437459666666666 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.7437459666666666, 0.25470747769444446, 0.7508444626851851 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.7437459666666666, 0.3426946701527777, 0.7508444626851851 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7437459666666666, 0.5751964530416667, 0.7508444626851851 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7437459666666666, 0.6612831619652777, 0.7508444626851851 ], "status": null, "note": null }, { "text": "6", "box": [ 0.8118566724989149, 0.7430186518916377, 0.8149030897352431, 0.7541386357060185 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.7437459666666666, 0.9717858541250002, 0.7508444626851851 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Yield", "box": [ 0.05916002061631945, 0.7428309122721354, 0.161708492702908, 0.7615130954318576 ], "status": null, "note": null }, { "text": "5.2%", "box": [ 0.28771930270724827, 0.7428309122721354, 0.3084786521063911, 0.7615130954318576 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7508444626851851, 0.5751964530416667, 0.7649606239814815 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7508444626851851, 0.6612831619652777, 0.7649606239814815 ], "status": null, "note": null }, { "text": "Return on Average Equity", "box": [ 0.6995223575168186, 0.7428628992151332, 0.8106402926974826, 0.7622432567455151 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.7508444626851851, 0.9717858541250002, 0.7649606239814815 ], "status": null, "note": null } ], [ { "text": "Average CUSIP Size", "box": [ 0.05916472011142307, 0.7629586113823785, 0.14043129814995658, 0.7816407945421007 ], "status": null, "note": null }, { "text": "$13.9", "box": [ 0.28457749684651695, 0.7629586113823785, 0.30847854614257814, 0.7816407945421007 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7649606239814815, 0.5751964530416667, 0.7847310162962964 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7649606239814815, 0.6612831619652777, 0.7847310162962964 ], "status": null, "note": null }, { "text": "Distributable Earnings (LTM)", "box": [ 0.6995223575168186, 0.7629586113823785, 0.821205817328559, 0.7816407945421007 ], "status": null, "note": null }, { "text": "$112", "box": [ 0.9370123121473525, 0.7629586113823785, 0.9582817077636718, 0.7816407945421007 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Duration", "box": [ 0.05916472011142307, 0.7831017953378183, 0.17871299319797093, 0.8017839784975405 ], "status": null, "note": null }, { "text": "3.0 Years", "box": [ 0.27055708567301434, 0.7831017953378183, 0.30927132500542537, 0.8017839784975405 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7847310162962964, 0.5751964530416667, 0.8046229270370371 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7847310162962964, 0.6612831619652777, 0.8046229270370371 ], "status": null, "note": null }, { "text": "Average Shareholders' Equity Value (LTM)", "box": [ 0.6995223575168186, 0.7831017953378183, 0.8786037868923611, 0.8017839784975405 ], "status": null, "note": null }, { "text": "1,473", "box": [ 0.9343827141655816, 0.7831017953378183, 0.9582806905110677, 0.8017839784975405 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at FMV", "box": [ 0.11530333624945746, 0.8032450923213252, 0.26856634351942277, 0.821424639666522 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.8046229270370371, 0.3426946701527777, 0.8375201007407407 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8046229270370371, 0.5751964530416667, 0.8375201007407407 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8046229270370371, 0.6612831619652777, 0.8375201007407407 ], "status": null, "note": null }, { "text": "After-Tax Distributable ROAE (LTM)", "box": [ 0.6995223575168186, 0.8032450923213252, 0.8510207282172308, 0.8219272754810475 ], "status": null, "note": null }, { "text": "7.4%", "box": [ 0.9375256008572048, 0.8032450923213252, 0.9582850138346354, 0.8219272754810475 ], "status": null, "note": null } ], [ { "text": "Note: As of 06/30/2026. Dollars in millions, except per share amounts.", "box": [ 0.03383416666666664, 0.8492204454210069, 0.25131971571180556, 0.8660017790617767 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.8375201007407407, 0.3426946701527777, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8375201007407407, 0.5751964530416667, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8375201007407407, 0.6612831619652777, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8375201007407407, 0.9038295793541667, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8375201007407407, 0.9717858541250002, 0.8670006666666666 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.8670006666666666, 0.25470747769444446, 0.8818873333333334 ], "status": null, "note": null }, { "text": "1. All metrics shown on a consolidated basis, except weighted-average % owned by Ladder", "box": [ 0.25470747769444446, 0.8670006666666666, 0.3426946701527777, 0.8808884232132523 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8670006666666666, 0.5751964530416667, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8670006666666666, 0.6612831619652777, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8670006666666666, 0.9038295793541667, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8670006666666666, 0.9717858541250002, 0.8818873333333334 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.8818873333333334, 0.25470747769444446, 0.8966644444444445 ], "status": null, "note": null }, { "text": "2. Excludes investments in unconsolidated ventures with total book value of $41.5 million", "box": [ 0.2602913326687283, 0.8818873333333334, 0.3347247229682075, 0.8957751238787616 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8818873333333334, 0.5751964530416667, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8818873333333334, 0.6612831619652777, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8818873333333334, 0.9038295793541667, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8818873333333334, 0.9717858541250002, 0.8966644444444445 ], "status": null, "note": null } ], [ { "text": "3. Excludes hotel assets", "box": [ 0.03383416069878472, 0.8936613294813368, 0.12840991550021702, 0.9104426631221065 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.8966644444444445, 0.3426946701527777, 0.9114415555555556 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8966644444444445, 0.5751964530416667, 0.9114415555555556 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8966644444444445, 0.6612831619652777, 0.9114415555555556 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8966644444444445, 0.9038295793541667, 0.9114415555555556 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8966644444444445, 0.9717858541250002, 0.9114415555555556 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.9114415555555556, 0.25470747769444446, 0.9263282222222222 ], "status": null, "note": null }, { "text": "4. Includes restricted cash, investments in unconsolidated ventures, accrued interest receivable, CECL allowance, derivative instruments and other assets", "box": [ 0.26528318193223743, 0.9114415555555556, 0.3350765652126736, 0.9253293637876158 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.9114415555555556, 0.5751964530416667, 0.9263282222222222 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.9114415555555556, 0.6612831619652777, 0.9263282222222222 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.9114415555555556, 0.9038295793541667, 0.9263282222222222 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.9114415555555556, 0.9717858541250002, 0.9263282222222222 ], "status": null, "note": null } ], [ { "text": "5. Includes dividends payable, accrued expenses and other liabilities", "box": [ 0.03383416666666664, 0.9263282222222222, 0.24258104960123697, 0.9402160079390914 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.9263282222222222, 0.3426946701527777, 0.9411053333333333 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.9263282222222222, 0.5751964530416667, 0.9411053333333333 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.9263282222222222, 0.6612831619652777, 0.9411053333333333 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.9263282222222222, 0.9038295793541667, 0.9411053333333333 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.9263282222222222, 0.9717858541250002, 0.9411053333333333 ], "status": null, "note": null } ], [ { "text": "6. For a description of these GAAP and non-GAAP financial measures, see Selected Definitions on page 34", "box": [ 0.03383416666666664, 0.9411053333333333, 0.25470747769444446, 0.95488360369647 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.9411053333333333, 0.3426946701527777, 0.9608755555555555 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.9411053333333333, 0.5751964530416667, 0.9608755555555555 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.9411053333333333, 0.6612831619652777, 0.9608755555555555 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.9411053333333333, 0.9038295793541667, 0.9608755555555555 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.9411053333333333, 0.9717858541250002, 0.9608755555555555 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.9608755555555555, 0.25470747769444446, 0.9817564444444443 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.9608755555555555, 0.3426946701527777, 0.9817564444444443 ], "status": null, "note": null }, { "text": "29", "box": [ 0.49434721204969617, 0.9618351689091436, 0.5056758032904731, 0.9817564787688079 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.9608755555555555, 0.6612831619652777, 0.9817564444444443 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.9608755555555555, 0.9038295793541667, 0.9817564444444443 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.9608755555555555, 0.9717858541250002, 0.9817564444444443 ], "status": null, "note": null } ] ], "corrected_grid": [ [ { "text": "", "box": [ 0.03383416666666664, 0.1769309674074074, 0.25470747769444446, 0.1984558773148148 ], "status": null, "note": null }, { "text": "Snapshot of Business Lines", "box": [ 0.2868665271335178, 0.1769309674074074, 0.3426946701527777, 0.19249615139431422 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.1769309674074074, 0.5751964530416667, 0.1984558773148148 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.1769309674074074, 0.6612831619652777, 0.1984558773148148 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.1769309674074074, 0.9038295793541667, 0.1984558773148148 ], "status": null, "note": null }, { "text": "Total Assets & Liabilities, Book Equity, Leverage and ROE", "box": [ 0.9038295793541667, 0.1769309674074074, 0.9717858541250002, 0.19249615139431422 ], "status": null, "note": null } ], [ { "text": "Balance Sheet Loans", "box": [ 0.05916472011142307, 0.1993795324254919, 0.1475723796420627, 0.21875986169885706 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.1984558773148148, 0.3426946701527777, 0.2212866425 ], "status": null, "note": null }, { "text": "Net Leased Commercial Real Estate (100% Owned)", "box": [ 0.3737352583143446, 0.1989980626989294, 0.5934818267822266, 0.21837856151439525 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.1984558773148148, 0.6612831619652777, 0.2212866425 ], "status": null, "note": null }, { "text": "Total Assets", "box": [ 0.704043197631836, 0.17166993882921006, 0.7608922322591146, 0.19249615139431422 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.1984558773148148, 0.9717858541250002, 0.2212866425 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.21909398679380063, 0.16169226964314778, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$2,790", "box": [ 0.2792554219563802, 0.21909398679380063, 0.3084732903374566, 0.23777618408203124 ], "status": null, "note": null }, { "text": "Carrying Value of Assets", "box": [ 0.3737370808919271, 0.21909398679380063, 0.4762658013237847, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$393", "box": [ 0.601783201429579, 0.21909398679380063, 0.6230526394314236, 0.23777618408203124 ], "status": null, "note": null }, { "text": "Cash & Cash Equivalents", "box": [ 0.6995217641194661, 0.21909398679380063, 0.8031709459092882, 0.23777618408203124 ], "status": null, "note": null }, { "text": "$38", "box": [ 0.942333984375, 0.21909398679380063, 0.9582834031846789, 0.23777618408203124 ], "status": null, "note": null } ], [ { "text": "A\nSecured Financing on Assets", "box": [ 0.05916832817925347, 0.21909398679380063, 0.19041033850775824, 0.2579244543004919 ], "status": null, "note": null }, { "text": "107", "box": [ 0.292534425523546, 0.23924227114076968, 0.30848382314046224, 0.2579244543004919 ], "status": null, "note": null }, { "text": "Undepreciated Book Value of Assets", "box": [ 0.37373712327745223, 0.23924227114076968, 0.5279480404324002, 0.2579244543004919 ], "status": null, "note": null }, { "text": "597", "box": [ 0.6071032206217448, 0.23924227114076968, 0.6230526818169488, 0.2579244543004919 ], "status": null, "note": null }, { "text": "Loans, Securities & Real Estate", "box": [ 0.6995218065049913, 0.23924227114076968, 0.8292531331380208, 0.2579244543004919 ], "status": null, "note": null }, { "text": "5,748", "box": [ 0.934375, 0.23924227114076968, 0.9582729763454861, 0.2579244543004919 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05915790134006076, 0.25939054135923034, 0.23885108100043403, 0.27807272451895254 ], "status": null, "note": null }, { "text": "2,683", "box": [ 0.2845754835340712, 0.25939054135923034, 0.3084733963012695, 0.27807272451895254 ], "status": null, "note": null }, { "text": "D\nSecured Financing on Assets", "box": [ 0.37373716566297743, 0.25939054135923034, 0.505826187133789, 0.27807272451895254 ], "status": null, "note": null }, { "text": "281", "box": [ 0.6071032630072699, 0.25939054135923034, 0.6230527242024739, 0.27807272451895254 ], "status": null, "note": null }, { "text": "Accumulated Depreciation & Amortization", "box": [ 0.6995218488905165, 0.25939054135923034, 0.8799986097547743, 0.27807272451895254 ], "status": null, "note": null }, { "text": "(281)", "box": [ 0.9391818576388888, 0.25939054135923034, 0.961461893717448, 0.27807272451895254 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.2803056246296296, 0.25470747769444446, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.2803056246296296, 0.3426946701527777, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.2803056246296296, 0.5751964530416667, 0.2873964103703704 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.2803056246296296, 0.6612831619652777, 0.2873964103703704 ], "status": null, "note": null }, { "text": "4", "box": [ 0.7255029466417101, 0.2798306217900029, 0.7285493638780381, 0.2905499776204427 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.2803056246296296, 0.9717858541250002, 0.2873964103703704 ], "status": null, "note": null } ], [ { "text": "% First Mortgage", "box": [ 0.05915798611111111, 0.27953881157769095, 0.1315492206149631, 0.2982209947374132 ], "status": null, "note": null }, { "text": "99.9%", "box": [ 0.2823973125881619, 0.27953881157769095, 0.3084766176011827, 0.2982209947374132 ], "status": null, "note": null }, { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.3737267812093099, 0.27953881157769095, 0.5534212748209636, 0.2982209947374132 ], "status": null, "note": null }, { "text": "316", "box": [ 0.6070928785536024, 0.27953881157769095, 0.6230423397488064, 0.2982209947374132 ], "status": null, "note": null }, { "text": "Other", "box": [ 0.6995223575168186, 0.2797523215964988, 0.7242894490559896, 0.2984345047562211 ], "status": null, "note": null }, { "text": "102", "box": [ 0.9423317803276909, 0.2795234397605613, 0.9582811991373698, 0.2982056229202836 ], "status": null, "note": null } ], [ { "text": "% Other (Mezzanine / Subordinate)", "box": [ 0.05916472011142307, 0.2996663976598669, 0.20705975426567924, 0.31834880687572337 ], "status": null, "note": null }, { "text": "0.1%", "box": [ 0.2877293904622396, 0.29966662371600117, 0.30848873986138237, 0.31834880687572337 ], "status": null, "note": null }, { "text": "Total Square Feet", "box": [ 0.37373890346950955, 0.29966662371600117, 0.4484330071343316, 0.31834880687572337 ], "status": null, "note": null }, { "text": "3,437,369", "box": [ 0.5805575900607639, 0.29966662371600117, 0.6230441199408637, 0.31834880687572337 ], "status": null, "note": null }, { "text": "Total Assets", "box": [ 0.6995340983072916, 0.29966662371600117, 0.7505459255642362, 0.31834880687572337 ], "status": null, "note": null }, { "text": "5,606", "box": [ 0.9343872918023004, 0.29966662371600117, 0.9582852681477865, 0.31834880687572337 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Yield", "box": [ 0.05916472011142307, 0.3198095816153067, 0.16171319749620225, 0.33849176477502896 ], "status": null, "note": null }, { "text": "7.3%", "box": [ 0.287724855211046, 0.3198095816153067, 0.30848420461018883, 0.33849176477502896 ], "status": null, "note": null }, { "text": "Weighted-Average % Leased", "box": [ 0.37373436821831596, 0.3198095816153067, 0.4950002034505208, 0.33849176477502896 ], "status": null, "note": null }, { "text": "100%", "box": [ 0.5996022542317708, 0.3198095816153067, 0.6230499267578125, 0.33849176477502896 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.3214388866666667, 0.9038295793541667, 0.34158194222222227 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.3214388866666667, 0.9717858541250002, 0.34158194222222227 ], "status": null, "note": null } ], [ { "text": "Origination Volume (LTM)", "box": [ 0.05916472011142307, 0.339952709056713, 0.1702044381035699, 0.3586350617585359 ], "status": null, "note": null }, { "text": "$2,089", "box": [ 0.27925626966688366, 0.3399528785988137, 0.3084741380479601, 0.3586350617585359 ], "status": null, "note": null }, { "text": "In-Place Annual Net Operating Income (NOI)", "box": [ 0.37373792860243055, 0.3399528785988137, 0.5624886830647786, 0.3586350617585359 ], "status": null, "note": null }, { "text": "$38.2", "box": [ 0.5991461435953777, 0.3399528785988137, 0.6230472988552518, 0.3586350617585359 ], "status": null, "note": null }, { "text": "Total Liabilities", "box": [ 0.6995237138536241, 0.34038571958188657, 0.7651067945692275, 0.35976604885525176 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.34158194222222227, 0.9717858541250002, 0.36203943805555555 ], "status": null, "note": null } ], [ { "text": "Funding Volume (LTM)", "box": [ 0.05916472011142307, 0.3600958930121528, 0.15652734968397353, 0.37877824571397567 ], "status": null, "note": null }, { "text": "1,931", "box": [ 0.284576055738661, 0.36009606255425347, 0.3084739685058594, 0.37877824571397567 ], "status": null, "note": null }, { "text": "Accounting method: carried at depreciated book value", "box": [ 0.39032597011990017, 0.36203943805555555, 0.5742291344536675, 0.37827558164243347 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.36203943805555555, 0.6612831619652777, 0.38161700111111113 ], "status": null, "note": null }, { "text": "Unsecured Corporate Bonds", "box": [ 0.699522442287869, 0.36009606255425347, 0.8196004231770834, 0.37877824571397567 ], "status": null, "note": null }, { "text": "$2,207", "box": [ 0.9290556165907118, 0.36009606255425347, 0.9582735697428385, 0.37877824571397567 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at amortized cost", "box": [ 0.09378638797336154, 0.38161700111111113, 0.25470747769444446, 0.398418539541739 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.38161700111111113, 0.3426946701527777, 0.40201395675925927 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.38161700111111113, 0.5751964530416667, 0.40201395675925927 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.38161700111111113, 0.6612831619652777, 0.40201395675925927 ], "status": null, "note": null }, { "text": "Unsecured Revolving Credit Facility", "box": [ 0.6995223575168186, 0.380239020453559, 0.8490379333496094, 0.39892120361328126 ], "status": null, "note": null }, { "text": "477", "box": [ 0.9423344930013021, 0.380239020453559, 0.9582839118109809, 0.39892120361328126 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.40201395675925927, 0.25470747769444446, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.40201395675925927, 0.3426946701527777, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.40201395675925927, 0.5751964530416667, 0.42145321138888897 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.40201395675925927, 0.6612831619652777, 0.42145321138888897 ], "status": null, "note": null }, { "text": "Total Unsecured Debt", "box": [ 0.6995223151312934, 0.40038729067201967, 0.7922212388780382, 0.4190694738317419 ], "status": null, "note": null }, { "text": "2,684", "box": [ 0.934375508626302, 0.40038729067201967, 0.9582734849717882, 0.4190694738317419 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.42145321138888897, 0.25470747769444446, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.42145321138888897, 0.3426946701527777, 0.42854656722222223 ], "status": null, "note": null }, { "text": "1,\n2", "box": [ 0.5262995825873481, 0.4207284715440538, 0.534153069390191, 0.431848398844401 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.42145321138888897, 0.6612831619652777, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.42145321138888897, 0.9038295793541667, 0.42854656722222223 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.42145321138888897, 0.9717858541250002, 0.42854656722222223 ], "status": null, "note": null } ], [ { "text": "Conduit Loans", "box": [ 0.059158409966362846, 0.42095444290726275, 0.12060710059271919, 0.4403347721806279 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.42854656722222223, 0.3426946701527777, 0.4428613342592593 ], "status": null, "note": null }, { "text": "Diversified Commercial Real Estate", "box": [ 0.3737354278564453, 0.42057269061053243, 0.5251165178087023, 0.43995301988389757 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.42854656722222223, 0.6612831619652777, 0.4428613342592593 ], "status": null, "note": null }, { "text": "A\nB\nC\nD\nE\nSecured Financing", "box": [ 0.6995224846733941, 0.4205253318504051, 0.8619382222493489, 0.43920751501012734 ], "status": null, "note": null }, { "text": "1,321", "box": [ 0.9343756781684027, 0.4205253318504051, 0.9582736545138889, 0.43920751501012734 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.44066845929181137, 0.16169226964314778, 0.45935064245153356 ], "status": null, "note": null }, { "text": "$27", "box": [ 0.29253179762098525, 0.44066845929181137, 0.30848119523790146, 0.45935064245153356 ], "status": null, "note": null }, { "text": "Carrying Value of Assets", "box": [ 0.3737344953748915, 0.44066845929181137, 0.4762621561686198, 0.45935064245153356 ], "status": null, "note": null }, { "text": "$383", "box": [ 0.6017806159125434, 0.44066845929181137, 0.6230500539143881, 0.45935064245153356 ], "status": null, "note": null }, { "text": "Total Debt", "box": [ 0.6995191786024305, 0.44066845929181137, 0.7441093444824218, 0.45935064245153356 ], "status": null, "note": null }, { "text": "4,005", "box": [ 0.9343723720974393, 0.44066845929181137, 0.9582703484429254, 0.45935064245153356 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.4615887251851852, 0.25470747769444446, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.4615887251851852, 0.3426946701527777, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.4615887251851852, 0.5751964530416667, 0.4686846511111111 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.4615887251851852, 0.6612831619652777, 0.4686846511111111 ], "status": null, "note": null }, { "text": "5", "box": [ 0.7255029466417101, 0.46111893830475986, 0.7285493638780381, 0.4718382941351997 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.4615887251851852, 0.9717858541250002, 0.4686846511111111 ], "status": null, "note": null } ], [ { "text": "B\nSecured Financing on Assets", "box": [ 0.0591552734375, 0.46081672951027197, 0.19047200944688586, 0.4794989126699942 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.3032764858669705, 0.46081672951027197, 0.30849172804090713, 0.4794989126699942 ], "status": null, "note": null }, { "text": "Undepreciated Book Value of Assets", "box": [ 0.3737240685356988, 0.46081672951027197, 0.5279349856906467, 0.4794989126699942 ], "status": null, "note": null }, { "text": "461", "box": [ 0.6070901658799913, 0.46081672951027197, 0.6230396270751953, 0.4794989126699942 ], "status": null, "note": null }, { "text": "Other", "box": [ 0.6995223575168186, 0.46104052508318866, 0.7242894490559896, 0.47972270824291086 ], "status": null, "note": null }, { "text": "175", "box": [ 0.9423317803276909, 0.4608115867332176, 0.9582811991373698, 0.4794937698929398 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05916472011142307, 0.4809547706886574, 0.23885790506998697, 0.49963695384837964 ], "status": null, "note": null }, { "text": "27", "box": [ 0.29785389370388454, 0.4809547706886574, 0.30848333570692277, 0.49963695384837964 ], "status": null, "note": null }, { "text": "E\nSecured Financing on Assets", "box": [ 0.37373661465115016, 0.4809547706886574, 0.5049939473470052, 0.49963695384837964 ], "status": null, "note": null }, { "text": "107", "box": [ 0.6071027119954427, 0.4809547706886574, 0.6230521731906467, 0.49963695384837964 ], "status": null, "note": null }, { "text": "Total Liabilities", "box": [ 0.6995212978786892, 0.4809547706886574, 0.7631618923611111, 0.49963695384837964 ], "status": null, "note": null }, { "text": "4,180", "box": [ 0.9343744913736979, 0.4809547706886574, 0.9582724677191841, 0.49963695384837964 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Coupon", "box": [ 0.05915739271375868, 0.5011030409071181, 0.17428949144151476, 0.5197852240668402 ], "status": null, "note": null }, { "text": "4.6%", "box": [ 0.2877166748046875, 0.5011030409071181, 0.3084760242038303, 0.5197852240668402 ], "status": null, "note": null }, { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.3737261878119575, 0.5011030409071181, 0.5534196217854818, 0.5197852240668402 ], "status": null, "note": null }, { "text": "354", "box": [ 0.60709228515625, 0.5011030409071181, 0.623041746351454, 0.5197852240668402 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.5027296975000001, 0.9038295793541667, 0.5228728456481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5027296975000001, 0.9717858541250002, 0.5228728456481482 ], "status": null, "note": null } ], [ { "text": "Origination Volume (LTM)", "box": [ 0.05916472011142307, 0.5212410820855035, 0.1702044381035699, 0.5399232652452257 ], "status": null, "note": null }, { "text": "$26", "box": [ 0.2925352308485243, 0.5212410820855035, 0.30848462846544056, 0.5399232652452257 ], "status": null, "note": null }, { "text": "Total Square Feet", "box": [ 0.37373792860243055, 0.5212410820855035, 0.4484320322672526, 0.5399232652452257 ], "status": null, "note": null }, { "text": "2,530,614", "box": [ 0.5805565728081598, 0.5212410820855035, 0.6230431026882596, 0.5399232652452257 ], "status": null, "note": null }, { "text": "Book Equity Value", "box": [ 0.7260197957356771, 0.5413842095269097, 0.8031098259819879, 0.5600663926866319 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5228728456481482, 0.9717858541250002, 0.5425313313888889 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.5425313313888889, 0.25470747769444446, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5425313313888889, 0.3426946701527777, 0.5492572437037038 ], "status": null, "note": null }, { "text": "3", "box": [ 0.5032948811848958, 0.5416914763274017, 0.506341298421224, 0.5524108321578415 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.5425313313888889, 0.6612831619652777, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.5425313313888889, 0.9038295793541667, 0.5492572437037038 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5425313313888889, 0.9717858541250002, 0.5492572437037038 ], "status": null, "note": null } ], [ { "text": "Loan Sale Volume (LTM)", "box": [ 0.05916472011142307, 0.5413842095269097, 0.16270777384440105, 0.5600663926866319 ], "status": null, "note": null }, { "text": "34", "box": [ 0.29785673353407116, 0.5413842095269097, 0.3084861755371094, 0.5600663926866319 ], "status": null, "note": null }, { "text": "Weighted-Average Occupancy", "box": [ 0.37373945448133683, 0.5416076095015915, 0.5020794338650174, 0.5602897926613136 ], "status": null, "note": null }, { "text": "79%", "box": [ 0.6049279106987847, 0.5413842095269097, 0.6230556064181858, 0.5600663926866319 ], "status": null, "note": null }, { "text": "GAAP Book Equity Value (excl. NCI)", "box": [ 0.6995247734917535, 0.5413842095269097, 0.8491315205891927, 0.5600663926866319 ], "status": null, "note": null }, { "text": "$1,429", "box": [ 0.9290523952907986, 0.5413842095269097, 0.9582703484429254, 0.5600663926866319 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at lower of cost or FMV", "box": [ 0.08125388887193467, 0.5630169440740741, 0.2496222178141276, 0.5797068843135127 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5630169440740741, 0.3426946701527777, 0.5824475214814815 ], "status": null, "note": null }, { "text": "In-Place Annual Net Operating Income (NOI)", "box": [ 0.3737354278564453, 0.561527336968316, 0.5624886830647786, 0.5802095201280382 ], "status": null, "note": null }, { "text": "$30.6", "box": [ 0.5991461435953777, 0.561527336968316, 0.6230472988552518, 0.5802095201280382 ], "status": null, "note": null }, { "text": "Total Shares Outstanding (mm)", "box": [ 0.6995237138536241, 0.561527336968316, 0.8318510267469618, 0.5802095201280382 ], "status": null, "note": null }, { "text": "126.9", "box": [ 0.9343768649631077, 0.561527336968316, 0.9582779778374566, 0.5802095201280382 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.5824475214814815, 0.25470747769444446, 0.5895434474074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5824475214814815, 0.3426946701527777, 0.5895434474074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.5824475214814815, 0.5751964530416667, 0.5895434474074074 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.5824475214814815, 0.6612831619652777, 0.5895434474074074 ], "status": null, "note": null }, { "text": "6", "box": [ 0.8184950086805556, 0.581977618182147, 0.8215414259168837, 0.5926969740125868 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.5824475214814815, 0.9717858541250002, 0.5895434474074074 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.5895434474074074, 0.25470747769444446, 0.6027052066666667 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.5895434474074074, 0.3426946701527777, 0.6027052066666667 ], "status": null, "note": null }, { "text": "Weighted-Average % Owned by Ladder", "box": [ 0.3737354278564453, 0.5816705209237558, 0.5403488159179688, 0.600352704083478 ], "status": null, "note": null }, { "text": "94.8%", "box": [ 0.596973631117079, 0.5816705209237558, 0.6230530209011502, 0.600352704083478 ], "status": null, "note": null }, { "text": "GAAP Book Value per Share", "box": [ 0.6995223575168186, 0.5818994027596933, 0.8173006693522136, 0.6005815859194155 ], "status": null, "note": null }, { "text": "$11.27", "box": [ 0.9290554470486111, 0.5816705209237558, 0.9582765367296007, 0.600352704083478 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.6027052066666667, 0.25470747769444446, 0.6094353581481481 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.6027052066666667, 0.3426946701527777, 0.6094353581481481 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6027052066666667, 0.5751964530416667, 0.6094353581481481 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6027052066666667, 0.6612831619652777, 0.6094353581481481 ], "status": null, "note": null }, { "text": "6", "box": [ 0.8576375325520833, 0.6021209151656539, 0.8606839497884115, 0.6128402709960937 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6027052066666667, 0.9717858541250002, 0.6094353581481481 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.6094353581481481, 0.25470747769444446, 0.6242639573148148 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.6094353581481481, 0.3426946701527777, 0.6242639573148148 ], "status": null, "note": null }, { "text": "Accounting method: carried at depreciated book value", "box": [ 0.39033084445529515, 0.6094353581481481, 0.5742318895128038, 0.6199931957103588 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6094353581481481, 0.6612831619652777, 0.6242639573148148 ], "status": null, "note": null }, { "text": "Undepreciated Book Value per Share", "box": [ 0.6995223575168186, 0.6020425302010995, 0.8564221700032552, 0.6207247133608218 ], "status": null, "note": null }, { "text": "$13.44", "box": [ 0.9290554470486111, 0.601813648365162, 0.9582765367296007, 0.6204958315248843 ], "status": null, "note": null } ], [ { "text": "Securities", "box": [ 0.05916472011142307, 0.6223856042932581, 0.10134634441799588, 0.6417659618236401 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.6242639573148148, 0.3426946701527777, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6242639573148148, 0.5751964530416667, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6242639573148148, 0.6612831619652777, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.6242639573148148, 0.9038295793541667, 0.6435887675 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6242639573148148, 0.9717858541250002, 0.6435887675 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.6435887675, 0.25470747769444446, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.6435887675, 0.3426946701527777, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6435887675, 0.5751964530416667, 0.6501211968518519 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6435887675, 0.6612831619652777, 0.6501211968518519 ], "status": null, "note": null }, { "text": "6", "box": [ 0.739752197265625, 0.64230307119864, 0.7427986145019532, 0.6534230550130208 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6435887675, 0.9717858541250002, 0.6501211968518519 ], "status": null, "note": null } ], [ { "text": "Carrying Value of Assets", "box": [ 0.05916472011142307, 0.6420999597620081, 0.16169226964314778, 0.6607821429217303 ], "status": null, "note": null }, { "text": "$1,872", "box": [ 0.2792518827650282, 0.6420999597620081, 0.3084697511461046, 0.6607821429217303 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6501211968518519, 0.5751964530416667, 0.664245068425926 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6501211968518519, 0.6612831619652777, 0.664245068425926 ], "status": null, "note": null }, { "text": "Leverage", "box": [ 0.8217619154188368, 0.6622430872034144, 0.8601682027180989, 0.6809252703631365 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.6501211968518519, 0.9717858541250002, 0.664245068425926 ], "status": null, "note": null } ], [ { "text": "C\nSecured Financing on Assets", "box": [ 0.05916472011142307, 0.6420999597620081, 0.19047200944688586, 0.6809252703631365 ], "status": null, "note": null }, { "text": "826", "box": [ 0.29253179762098525, 0.6622430872034144, 0.30848119523790146, 0.6809252703631365 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.664245068425926, 0.5751964530416667, 0.6840153681481481 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.664245068425926, 0.6612831619652777, 0.6840153681481481 ], "status": null, "note": null }, { "text": "Adjusted Debt (for Adjusted Leverage Ratio)", "box": [ 0.6995223575168186, 0.6622430872034144, 0.8878216213650174, 0.6809252703631365 ], "status": null, "note": null }, { "text": "$4,005", "box": [ 0.9290576510959201, 0.6622430872034144, 0.9582756042480469, 0.6809252703631365 ], "status": null, "note": null } ], [ { "text": "Net Equity Invested (excl. Corporate Debt)", "box": [ 0.05916472011142307, 0.6823860451027199, 0.23885790506998697, 0.7010682282624421 ], "status": null, "note": null }, { "text": "1,047", "box": [ 0.28457749684651695, 0.6823860451027199, 0.3084754096137153, 0.7010682282624421 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.6840153681481481, 0.5751964530416667, 0.7041609937962963 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.6840153681481481, 0.6612831619652777, 0.7041609937962963 ], "status": null, "note": null }, { "text": "Total Adjusted Equity", "box": [ 0.6995238410101996, 0.6823860451027199, 0.7903817070855035, 0.7010682282624421 ], "status": null, "note": null }, { "text": "1,736", "box": [ 0.9343770345052084, 0.6823860451027199, 0.9582750108506944, 0.7010682282624421 ], "status": null, "note": null } ], [ { "text": "% AAA-Rated", "box": [ 0.059159935845269095, 0.7025343718352142, 0.11530331505669487, 0.7212165549949363 ], "status": null, "note": null }, { "text": "96%", "box": [ 0.290347777472602, 0.7025343718352142, 0.3084754308064779, 0.7212165549949363 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7041609937962963, 0.5751964530416667, 0.7243092821296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7041609937962963, 0.6612831619652777, 0.7243092821296295 ], "status": null, "note": null }, { "text": "Adjusted Leverage Ratio", "box": [ 0.699513414171007, 0.7025343718352142, 0.8026033189561632, 0.7212165549949363 ], "status": null, "note": null }, { "text": "2.3x", "box": [ 0.940492926703559, 0.7025343718352142, 0.9582991706000434, 0.7212165549949363 ], "status": null, "note": null } ], [ { "text": "% Investment Grade-Rated", "box": [ 0.05916002061631945, 0.7226826420536747, 0.17366273668077256, 0.741364825213397 ], "status": null, "note": null }, { "text": "99%", "box": [ 0.29034786224365233, 0.7226826420536747, 0.3084755155775282, 0.741364825213397 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{ "text": "", "box": [ 0.5751964530416667, 0.7437459666666666, 0.6612831619652777, 0.7508444626851851 ], "status": null, "note": null }, { "text": "6", "box": [ 0.8118566724989149, 0.7430186518916377, 0.8149030897352431, 0.7541386357060185 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.7437459666666666, 0.9717858541250002, 0.7508444626851851 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Yield", "box": [ 0.05916002061631945, 0.7428309122721354, 0.161708492702908, 0.7615130954318576 ], "status": null, "note": null }, { "text": "5.2%", "box": [ 0.28771930270724827, 0.7428309122721354, 0.3084786521063911, 0.7615130954318576 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7508444626851851, 0.5751964530416667, 0.7649606239814815 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7508444626851851, 0.6612831619652777, 0.7649606239814815 ], "status": null, "note": null }, { "text": "Return on Average Equity", "box": [ 0.6995223575168186, 0.7428628992151332, 0.8106402926974826, 0.7622432567455151 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.7508444626851851, 0.9717858541250002, 0.7649606239814815 ], "status": null, "note": null } ], [ { "text": "Average CUSIP Size", "box": [ 0.05916472011142307, 0.7629586113823785, 0.14043129814995658, 0.7816407945421007 ], "status": null, "note": null }, { "text": "$13.9", "box": [ 0.28457749684651695, 0.7629586113823785, 0.30847854614257814, 0.7816407945421007 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7649606239814815, 0.5751964530416667, 0.7847310162962964 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7649606239814815, 0.6612831619652777, 0.7847310162962964 ], "status": null, "note": null }, { "text": "Distributable Earnings (LTM)", "box": [ 0.6995223575168186, 0.7629586113823785, 0.821205817328559, 0.7816407945421007 ], "status": null, "note": null }, { "text": "$112", "box": [ 0.9370123121473525, 0.7629586113823785, 0.9582817077636718, 0.7816407945421007 ], "status": null, "note": null } ], [ { "text": "Weighted-Average Duration", "box": [ 0.05916472011142307, 0.7831017953378183, 0.17871299319797093, 0.8017839784975405 ], "status": null, "note": null }, { "text": "3.0 Years", "box": [ 0.27055708567301434, 0.7831017953378183, 0.30927132500542537, 0.8017839784975405 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.7847310162962964, 0.5751964530416667, 0.8046229270370371 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.7847310162962964, 0.6612831619652777, 0.8046229270370371 ], "status": null, "note": null }, { "text": "Average Shareholders' Equity Value (LTM)", "box": [ 0.6995223575168186, 0.7831017953378183, 0.8786037868923611, 0.8017839784975405 ], "status": null, "note": null }, { "text": "1,473", "box": [ 0.9343827141655816, 0.7831017953378183, 0.9582806905110677, 0.8017839784975405 ], "status": null, "note": null } ], [ { "text": "Accounting method: carried at FMV", "box": [ 0.11530333624945746, 0.8032450923213252, 0.26856634351942277, 0.821424639666522 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.8046229270370371, 0.3426946701527777, 0.8375201007407407 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8046229270370371, 0.5751964530416667, 0.8375201007407407 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8046229270370371, 0.6612831619652777, 0.8375201007407407 ], "status": null, "note": null }, { "text": "After-Tax Distributable ROAE (LTM)", "box": [ 0.6995223575168186, 0.8032450923213252, 0.8510207282172308, 0.8219272754810475 ], "status": null, "note": null }, { "text": "7.4%", "box": [ 0.9375256008572048, 0.8032450923213252, 0.9582850138346354, 0.8219272754810475 ], "status": null, "note": null } ], [ { "text": "Note: As of 06/30/2026. Dollars in millions, except per share amounts.", "box": [ 0.03383416666666664, 0.8492204454210069, 0.25131971571180556, 0.8660017790617767 ], "status": null, "note": null }, { "text": "", "box": [ 0.25470747769444446, 0.8375201007407407, 0.3426946701527777, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8375201007407407, 0.5751964530416667, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8375201007407407, 0.6612831619652777, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8375201007407407, 0.9038295793541667, 0.8670006666666666 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8375201007407407, 0.9717858541250002, 0.8670006666666666 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.8670006666666666, 0.25470747769444446, 0.8818873333333334 ], "status": null, "note": null }, { "text": "1. All metrics shown on a consolidated basis, except weighted-average % owned by Ladder", "box": [ 0.25470747769444446, 0.8670006666666666, 0.3426946701527777, 0.8808884232132523 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8670006666666666, 0.5751964530416667, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8670006666666666, 0.6612831619652777, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8670006666666666, 0.9038295793541667, 0.8818873333333334 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8670006666666666, 0.9717858541250002, 0.8818873333333334 ], "status": null, "note": null } ], [ { "text": "", "box": [ 0.03383416666666664, 0.8818873333333334, 0.25470747769444446, 0.8966644444444445 ], "status": null, "note": null }, { "text": "2. Excludes investments in unconsolidated ventures with total book value of $41.5 million", "box": [ 0.2602913326687283, 0.8818873333333334, 0.3347247229682075, 0.8957751238787616 ], "status": null, "note": null }, { "text": "", "box": [ 0.3426946701527777, 0.8818873333333334, 0.5751964530416667, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.5751964530416667, 0.8818873333333334, 0.6612831619652777, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.6612831619652777, 0.8818873333333334, 0.9038295793541667, 0.8966644444444445 ], "status": null, "note": null }, { "text": "", "box": [ 0.9038295793541667, 0.8818873333333334, 0.9717858541250002, 0.8966644444444445 ], "status": null, "note": null } ], [ { "text": "3. 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"table_id": "8f4cb58f68d249e2-p30-t1", "content_fingerprint": "6271b937", "title": "INCOME STATEMENT BY QUARTER", "subtitle": "", "markdown": "| ($ in millions, except per share values) | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |\n| --- | --- | --- | --- | --- | --- |\n| Net interest income | | | | | |\n| Interest income | $78.2 | $74.2 | $68.1 | $71.8 | $62.7 |\n| Interest expense | 55.6 | 51.2 | 45.7 | 44.0 | 41.2 |\n| Net interest income | $22.6 | $23.0 | $22.3 | $27.8 | $21.5 |\n| Provision for (release of) loan loss reserves | 0.1 | (0.0) | (0.0) | (0.0) | (0.0) |\n| Net interest income after provision for (release of) loan losses | $22.5 | $23.0 | $22.3 | $27.8 | $21.6 |\n| Other income | | | | | |\n| Real estate operating income | 30.9 | 27.3 | 25.1 | 26.7 | 25.8 |\n| Net result from mortgage loan receivables held for sale | 0.2 | 0.1 | 0.0 | (0.4) | 4.9 |\n| Fee and other income | 3.6 | 1.4 | 3.0 | 3.9 | 2.8 |\n| Net result from derivative transactions | 0.2 | 0.3 | (0.0) | 0.0 | 1.5 |\n| Earnings (loss) from investment in unconsolidated ventures | 0.3 | (0.3) | 0.0 | (0.4) | (0.3) |\n| Gain on extinguishment of debt | 0.1 | \u2013 | \u2013 | (0.1) | 0.0 |\n| Total other income | $35.2 | $28.9 | $28.1 | $29.7 | $34.7 |\n| Costs and expenses | | | | | |\n| Compensation and employee benefits | 12.3 | 22.3 | 10.9 | 11.6 | 11.6 |\n| Operating expenses | 5.1 | 5.1 | 4.9 | 5.3 | 4.8 |\n| Real estate operating expenses | 12.9 | 11.3 | 10.0 | 11.4 | 10.3 |\n| Investment related expenses | 1.7 | 1.2 | 0.8 | 0.9 | 0.8 |\n| Depreciation and amortization | 9.3 | 8.9 | 8.4 | 8.2 | 8.0 |\n| Total costs and expenses | $41.3 | $48.7 | $34.9 | $37.3 | $35.5 |\n| Income (loss) before taxes | $16.3 | $3.2 | $15.5 | $20.1 | $20.8 |\n| Income tax expense (benefit) | 1.7 | 0.6 | (0.3) | 1.0 | 3.7 |\n| Net income (loss) | $14.6 | $2.6 | $15.9 | $19.2 | $17.1 |\n| Net (income) loss attributable to noncontrolling interest in consolidated ventures | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 |\n| Net income (loss) attributable to Class A common shareholders | $14.6 | $2.6 | $15.9 | $19.2 | $17.3 |\n| Earnings per share: | | | | | |\n| Basic | $0.12 | $0.02 | $0.13 | $0.15 | $0.14 |\n| Diluted | 0.12 | 0.02 | 0.13 | 0.15 | 0.14 |\n| Weighted average shares outstanding (mm): | | | | | |\n| Basic | 124.7 | 125.4 | 125.2 | 125.3 | 125.8 |\n| Diluted | 125.2 | 126.0 | 126.2 | 126.1 | 126.2 |\n| Distributable Earnings (pre-tax) 1 | $30.8 | $28.0 | $21.4 | $32.1 | $30.9 |\n| Distributable EPS (after-tax) 1 | $0.24 | $0.22 | $0.17 | $0.25 | $0.23 |\n| Distributable EPS prior to charge-off of allowance for credit losses 2 | $0.24 | $0.22 | $0.21 | $0.25 | $0.23 |", "footnotes": [ { "marker": "1", "text": "For a description of these non-GAAP financial measures, see Selected Definitions on page 34" }, { "marker": "2", "text": "For a reconciliation of this metric, see page 31" } ], "footnote_refs": [ "1", "2" ], "footnote_marks": [ { "marker": "1", "row": 33, "col": 0, "kind": 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0.5538118998209636, 0.24471330995912904 ], "status": null, "note": null }, { "text": "$23.0", "box": [ 0.6080365498860677, 0.22438629998101128, 0.6333312140570746, 0.24471330995912904 ], "status": null, "note": null }, { "text": "$22.3", "box": [ 0.6875558641221788, 0.22438629998101128, 0.7128505282931857, 0.24471330995912904 ], "status": null, "note": null }, { "text": "$27.8", "box": [ 0.76707517835829, 0.22438629998101128, 0.7923696729871962, 0.24471330995912904 ], "status": null, "note": null }, { "text": "$21.5", "box": [ 0.846594492594401, 0.22438629998101128, 0.8718889872233073, 0.24471330995912904 ], "status": null, "note": null } ], [ { "text": "Provision for (release of) loan loss reserves", "box": [ 0.13089853922526043, 0.24729080200195314, 0.3216230604383681, 0.26688557377567995 ], "status": null, "note": null }, { "text": "", "box": [ 0.4939608716666666, 0.24847709962962958, 0.5113953333333334, 0.2700928462962963 ], "status": null, "note": null }, { "text": "0.1", "box": [ 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"status": null, "note": null }, { "text": "", "box": [ 0.5113953333333334, 0.2919795220370369, 0.5758680991666667, 0.3133243396296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.5758680991666667, 0.2919795220370369, 0.6564531708333334, 0.3133243396296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.6564531708333334, 0.2919795220370369, 0.7360217958333335, 0.3133243396296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.7360217958333335, 0.2919795220370369, 0.8155084986111111, 0.3133243396296295 ], "status": null, "note": null }, { "text": "", "box": [ 0.8155084986111111, 0.2919795220370369, 0.8753214250000001, 0.3133243396296295 ], "status": null, "note": null } ], [ { "text": "Real estate operating income", "box": [ 0.14112387763129342, 0.3110396491156684, 0.2718738979763455, 0.33063442088939526 ], "status": null, "note": null }, { "text": "", "box": [ 0.4939608716666666, 0.3133243396296295, 0.5113953333333334, 0.333570796111111 ], "status": null, "note": null }, { "text": "30.9", "box": [ 0.5344150543212891, 0.3110396491156684, 0.5539269765218099, 0.33063442088939526 ], "status": null, "note": null }, { "text": "27.3", "box": [ 0.6139343685574001, 0.3110396491156684, 0.633446290757921, 0.33063442088939526 ], "status": null, "note": null }, { "text": "25.1", "box": [ 0.6934536827935113, 0.3110396491156684, 0.712965562608507, 0.33063442088939526 ], "status": null, "note": null }, { "text": "26.7", "box": [ 0.7729730394151476, 0.3110396491156684, 0.7924847920735677, 0.33063442088939526 ], "status": null, "note": null }, { "text": "25.8", "box": [ 0.8524923536512586, 0.3110396491156684, 0.8720041063096788, 0.33063442088939526 ], "status": null, "note": null } ], [ { "text": "Net result from mortgage loan receivables held for sale", "box": [ 0.14114583333333333, 0.3315570124873409, 0.3871924082438151, 0.3511517842610677 ], "status": null, "note": null }, { "text": "", "box": [ 0.4939608716666666, 0.333570796111111, 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"box": [ 0.8466272989908854, 0.2676177978515625, 0.8719217936197917, 0.2879447937011719 ], "status": "reconciled", "note": null } ], [ { "text": "Other income", "box": [ 0.1309313456217448, 0.2903319182219329, 0.19361211988661026, 0.3106589140715422 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null } ], [ { "text": "Real estate operating income", "box": [ 0.14112387763129342, 0.3110396491156684, 0.2718738979763455, 0.33063442088939526 ], "status": "reconciled", "note": null }, { "text": "30.9", "box": [ 0.5344150543212891, 0.3110396491156684, 0.5539269765218099, 0.33063442088939526 ], "status": "reconciled", "note": null }, { "text": "27.3", "box": [ 0.6139343685574001, 0.3110396491156684, 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Adjustment for impairment | 0.1 | (0.0) | (0.0) | (0.0) | (0.0) |\n| Non-cash stock-based compensation | 3.7 | 14.2 | 3.1 | 3.0 | 3.0 |\n| Distributable earnings prior to charge-off of allowance for credit losses | $30.8 | $28.0 | $26.4 | $32.1 | $30.9 |\n| Charge-off of allowance for credit losses | \u2013 | \u2013 | (5.0) | \u2013 | \u2013 |\n| Distributable earnings 1 | $30.8 | $28.0 | $21.4 | $32.1 | $30.9 |\n| Estimated corporate tax (expense) benefit | (1.0) | (0.7) | (0.5) | (0.9) | (2.0) |\n| After-tax distributable earnings | $29.8 | $27.3 | $21.0 | $31.2 | $28.9 |\n| Weighted average diluted shares outstanding (mm) | 125.2 | 126.0 | 126.2 | 126.1 | 126.2 |\n| Distributable EPS 1 | $0.24 | $0.22 | $0.17 | $0.25 | $0.23 |\n| Per share impact of charge-off of allowance for credit losses | \u2013 | \u2013 | 0.04 | \u2013 | \u2013 |\n| Distributable EPS prior to charge-off of allowance for credit losses | $0.24 | $0.22 | $0.21 | $0.25 | $0.23 |\n| Distributable earnings | 12 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equivalents | $37.6 | $33.1 | $38.0 | $49.4 | $134.9 |\n| Restricted cash | 16.8 | 18.5 | 14.9 | 13.5 | 13.4 |\n| Mortgage loan receivables held for investment, net, at amortized cost | 2,743.0 | 2,559.3 | 2,170.2 | 1,868.5 | 1,541.5 |\n| Mortgage loan receivables held for sale | 27.2 | 27.6 | 28.0 | 28.0 | 28.3 |\n| Securities | 1,872.4 | 2,073.7 | 2,088.3 | 1,940.5 | 1,966.5 |\n| Real estate and related lease intangibles, net | 776.5 | 775.7 | 703.5 | 705.5 | 690.2 |\n| Investments in and advances to unconsolidated ventures | 41.5 | 44.2 | 44.5 | 18.5 | 18.9 |\n| Derivative instruments | 0.1 | 0.4 | 0.3 | 0.3 | 0.2 |\n| Accrued interest receivable | 17.0 | 17.8 | 15.9 | 14.5 | 13.3 |\n| Other assets | 74.1 | 56.4 | 49.0 | 47.9 | 50.2 |\n| Total assets | $5,606.3 | $5,606.7 | $5,152.5 | $4,686.5 | $4,457.5 |\n| Liabilities | | | | | |\n| Debt obligations, net | $4,004.9 | $4,027.6 | $3,510.4 | $2,997.2 | $2,783.2 |\n| Dividends payable | 31.1 | 30.6 | 31.8 | 31.4 | 30.9 |\n| Accrued expenses | 64.4 | 45.1 | 76.4 | 55.4 | 55.3 |\n| Other liabilities | 79.2 | 58.8 | 52.5 | 109.1 | 88.0 |\n| Total liabilities | $4,179.6 | $4,162.1 | $3,671.2 | $3,193.1 | $2,957.4 |\n| Equity | | | | | |\n| Total shareholders' equity | $1,429.3 | $1,447.1 | $1,483.9 | $1,496.0 | $1,502.6 |\n| Noncontrolling interest in consolidated ventures | (2.6) | (2.6) | (2.6) | (2.6) | (2.5) |\n| Total equity | $1,426.7 | $1,444.5 | $1,481.4 | $1,493.4 | $1,500.1 |\n| Total liabilities and equity | $5,606.3 | $5,606.7 | $5,152.5 | $4,686.5 | $4,457.5 |\n| Total Leverage Ratio | 2.8x | 2.8x | 2.4x | 2.0x | 1.9x |\n| Adjusted Leverage Ratio | 2.3x | 2.3x | 2.0x | 1.7x | 1.6x |\n| Total Shares Outstanding (mm) | 126.9 | 127.7 | 127.2 | 127.3 | 127.5 |\n| GAAP Book Value per Share | $11.27 | $11.33 | $11.66 | $11.75 | $11.79 |\n| Undepreciated Book Value per Share | $13.44 | $13.42 | $13.69 | $13.71 | $13.68 |\n| Distributions per LADR Share | $0.23 | $0.23 | $0.23 | $0.23 | $0.23 |", "footnotes": [ 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0.23167522571705007, 0.8848776923285591, 0.25252275820131653 ], "status": "reconciled", "note": null } ], [ { "text": "Restricted cash", "box": [ 0.10075486501057943, 0.2501461735478154, 0.17287486394246418, 0.2709936919035735 ], "status": "reconciled", "note": null }, { "text": "16.8", "box": [ 0.4910079108344184, 0.25136150783962674, 0.511768086751302, 0.27220902619538484 ], "status": "reconciled", "note": null }, { "text": "18.5", "box": [ 0.5842853546142578, 0.25136150783962674, 0.6050454881456163, 0.27220902619538484 ], "status": "reconciled", "note": null }, { "text": "14.9", "box": [ 0.6775627983940973, 0.25136150783962674, 0.6983229743109809, 0.27220902619538484 ], "status": "reconciled", "note": null }, { "text": "13.5", "box": [ 0.7708401997884115, 0.25136150783962674, 0.7916002909342448, 0.27220902619538484 ], "status": "reconciled", "note": null }, { "text": "13.4", "box": [ 0.8641176011827257, 0.25136150783962674, 0.8848776923285591, 0.27220902619538484 ], "status": 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0.10075486501057943, 0.30920526010018806, 0.14676021999782987, 0.33005277845594616 ], "status": "reconciled", "note": null }, { "text": "1,872.4", "box": [ 0.4761784023708767, 0.3104205943919994, 0.5117739359537761, 0.3312681127477575 ], "status": "reconciled", "note": null }, { "text": "2,073.7", "box": [ 0.5694558461507161, 0.3104205943919994, 0.6050513373480902, 0.3312681127477575 ], "status": "reconciled", "note": null }, { "text": "2,088.3", "box": [ 0.6627332899305556, 0.3104205943919994, 0.6983288235134548, 0.3312681127477575 ], "status": "reconciled", "note": null }, { "text": "1,940.5", "box": [ 0.7560106913248698, 0.3104205943919994, 0.7916060553656684, 0.3312681127477575 ], "status": "reconciled", "note": null }, { "text": "1,966.5", "box": [ 0.849288092719184, 0.3104205943919994, 0.8848834567599826, 0.3312681127477575 ], "status": "reconciled", "note": null } ], [ { "text": "Real estate and related lease intangibles, net", "box": [ 0.10075486501057943, 0.32889158460828993, 0.3137888590494792, 0.34973910296404803 ], "status": "reconciled", "note": null }, { "text": "776.5", "box": [ 0.4850597805447049, 0.3301069189001013, 0.511768086751302, 0.3509544372558594 ], "status": "reconciled", "note": null }, { "text": "775.7", "box": [ 0.5783372243245443, 0.3301069189001013, 0.6050455729166667, 0.3509544372558594 ], "status": "reconciled", "note": null }, { "text": "703.5", "box": [ 0.6716146681043836, 0.3301069189001013, 0.6983229743109809, 0.3509544372558594 ], "status": "reconciled", "note": null }, { "text": "705.5", "box": [ 0.7648920694986979, 0.3301069189001013, 0.7916002909342448, 0.3509544372558594 ], "status": "reconciled", "note": null }, { "text": "690.2", "box": [ 0.8581694708930121, 0.3301069189001013, 0.8848765903049045, 0.3509544372558594 ], "status": "reconciled", "note": null } ], [ { "text": "Investments in and advances to unconsolidated ventures", "box": [ 0.10075486501057943, 0.34857785260235824, 0.3709591335720486, 0.36942537095811634 ], 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0.49695604112413194, 0.3694795114022714, 0.5117621527777778, 0.3903270297580295 ], "status": "reconciled", "note": null }, { "text": "0.4", "box": [ 0.5902334849039713, 0.3694795114022714, 0.6050395965576172, 0.3903270297580295 ], "status": "reconciled", "note": null }, { "text": "0.3", "box": [ 0.6835109286838108, 0.3694795114022714, 0.6983170403374566, 0.3903270297580295 ], "status": "reconciled", "note": null }, { "text": "0.3", "box": [ 0.776788330078125, 0.3694795114022714, 0.7915945265028211, 0.3903270297580295 ], "status": "reconciled", "note": null }, { "text": "0.2", "box": [ 0.8700657314724393, 0.3694795114022714, 0.8848719278971354, 0.3903270297580295 ], "status": "reconciled", "note": null } ], [ { "text": "Accrued interest receivable", "box": [ 0.10075486501057943, 0.38795061464662906, 0.2306513892279731, 0.40879813300238715 ], "status": "reconciled", "note": null }, { "text": "17.0", "box": [ 0.4910079108344184, 0.3891659489384404, 0.511768086751302, 0.4100134672941985 ], 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|\n| Average book equity balance excluding noncontrolling interest in consolidated ventures | $1,438.2 | $1,465.5 | $1,490.0 | $1,499.3 | $1,509.6 |\n| Accumulated depreciation & amortization \u2013 net leased commercial real estate | 203.5 | 198.8 | 194.1 | 189.5 | 184.9 |\n| Accumulated depreciation & amortization \u2013 diversified commercial real estate | 77.8 | 72.9 | 68.6 | 64.6 | 60.9 |\n| Less: noncontrolling interests' share of accumulated real estate depreciation & amortization | (5.4) | (5.3) | (5.1) | (5.0) | (4.9) |\n| Accumulated real estate depreciation & amortization \u2013 our share | $275.8 | $266.5 | $257.5 | $249.1 | $240.9 |\n| Undepreciated book value | $1,705.2 | $1,713.6 | $1,741.5 | $1,745.1 | $1,743.5 |\n| Total shares outstanding (mm) | 126.9 | 127.7 | 127.2 | 127.3 | 127.5 |\n| GAAP Book Value per Share 1 | $11.27 | $11.33 | $11.66 | $11.75 | $11.79 |\n| Undepreciated Book Value per Share 2 | $13.44 | $13.42 | $13.69 | $13.71 | $13.68 |\n| Debt obligations GAAP reconciliation | | | | | |\n| Loan repurchase facilities | $107.2 | \u2013 | \u2013 | \u2013 | $62.7 |\n| Securities repurchase financing | 825.9 | 934.9 | 627.0 | 361.6 | 294.4 |\n| Revolving credit facility (unsecured) | 202.0 | 492.0 | 280.0 | 20.0 | \u2013 |\n| Term loan (unsecured) | 275.0 | \u2013 | \u2013 | \u2013 | \u2013 |\n| Mortgage debt, net of unamortized debt issuance costs | 387.5 | 384.2 | 388.2 | 401.7 | 421.9 |\n| Senior unsecured notes, net of unamortized debt issuance costs | 2,207.3 | 2,216.4 | 2,215.2 | 2,213.9 | 2,004.1 |\n| Debt obligations, net | $4,004.9 | $4,027.6 | $3,510.4 | $2,997.2 | $2,783.2 |\n| Less: CLO debt | \u2013 | \u2013 | \u2013 | \u2013 | \u2013 |\n| Adjusted debt obligations | $4,004.9 | $4,027.6 | $3,510.4 | $2,997.2 | $2,783.2 |\n| Total equity | $1,426.7 | $1,444.5 | $1,481.4 | $1,493.4 | $1,500.1 |\n| Plus: Accumulated depreciation and amortization on real estate and related intangibles | 281.2 | 271.7 | 262.7 | 254.1 | 245.8 |\n| 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depreciation & amortization \u2013 net leased commercial real estate", "box": [ 0.08414861361185709, 0.36061565257884837, 0.4348995632595486, 0.38033602679217304 ], "status": null, "note": null }, { "text": "203.5", "box": [ 0.5427339341905382, 0.36061565257884837, 0.567997063530816, 0.38033602679217304 ], "status": null, "note": null }, { "text": "198.8", "box": [ 0.6309683057996962, 0.36061565257884837, 0.6562325371636285, 0.38033602679217304 ], "status": null, "note": null }, { "text": "194.1", "box": [ 0.7192026774088541, 0.36061565257884837, 0.7444670783148871, 0.38033602679217304 ], "status": null, "note": null }, { "text": "189.5", "box": [ 0.8074370490180122, 0.36061565257884837, 0.8327014499240452, 0.38033602679217304 ], "status": null, "note": null }, { "text": "184.9", "box": [ 0.8956714206271701, 0.36061565257884837, 0.9209358215332031, 0.38033602679217304 ], "status": null, "note": null } ], [ { "text": "Accumulated depreciation & amortization \u2013 diversified commercial real estate", "box": [ 0.08414861361185709, 0.37994384765625, 0.4350951724582248, 0.3996642218695747 ], "status": null, "note": null }, { "text": "77.8", "box": [ 0.5483604855007596, 0.37994384765625, 0.5679981655544705, 0.3996642218695747 ], "status": null, "note": null }, { "text": "72.9", "box": [ 0.6365948571099176, 0.37994384765625, 0.6562325371636285, 0.3996642218695747 ], "status": null, "note": null }, { "text": "68.6", "box": [ 0.7248291863335503, 0.37994384765625, 0.7444669935438368, 0.3996642218695747 ], "status": null, "note": null }, { "text": "64.6", "box": [ 0.8130635579427083, 0.37994384765625, 0.8327002631293403, 0.3996642218695747 ], "status": null, "note": null }, { "text": "60.9", "box": [ 0.9012979295518663, 0.37994384765625, 0.9209357367621528, 0.3996642218695747 ], "status": null, "note": null } ], [ { "text": "Less: noncontrolling interests' share of accumulated real estate depreciation & amortization", "box": [ 0.08414847056070963, 0.3993601481119792, 0.48966361151801213, 0.4190805223253038 ], "status": null, "note": null }, { "text": "(5.4)", "box": [ 0.5506083170572916, 0.3992718166775174, 0.5713624742296007, 0.418992190890842 ], "status": null, "note": null }, { "text": "(5.3)", "box": [ 0.6388426886664497, 0.3992718166775174, 0.6595968458387587, 0.418992190890842 ], "status": null, "note": null }, { "text": "(5.1)", "box": [ 0.7270770602756076, 0.3992718166775174, 0.747831302218967, 0.418992190890842 ], "status": null, "note": null }, { "text": "(5.0)", "box": [ 0.8153114318847656, 0.3992718166775174, 0.836065673828125, 0.418992190890842 ], "status": null, "note": null }, { "text": "(4.9)", "box": [ 0.9035458034939237, 0.3992718166775174, 0.924300045437283, 0.418992190890842 ], "status": null, "note": null } ], [ { "text": "Accumulated real estate depreciation & amortization \u2013 our share", "box": [ 0.09440846972995334, 0.41929075453016496, 0.39288211398654516, 0.43974824128327544 ], "status": null, "note": null }, { "text": "$275.8", "box": [ 0.5368459913465712, 0.41929075453016496, 0.5679302215576172, 0.43974807174117475 ], "status": null, "note": null }, { "text": "$266.5", "box": [ 0.6250803629557292, 0.41929075453016496, 0.6561645931667752, 0.43974807174117475 ], "status": null, "note": null }, { "text": "$257.5", "box": [ 0.7133147345648871, 0.41929075453016496, 0.744399176703559, 0.43974807174117475 ], "status": null, "note": null }, { "text": "$249.1", "box": [ 0.8015491061740452, 0.41929075453016496, 0.832633548312717, 0.43974807174117475 ], "status": null, "note": null }, { "text": "$240.9", "box": [ 0.8897834777832031, 0.41929075453016496, 0.920867919921875, 0.43974807174117475 ], "status": null, "note": null } ], [ { "text": "Undepreciated book value", "box": [ 0.09441401163736979, 0.4449803387677228, 0.2157544665866428, 0.46543765597873266 ], "status": null, "note": null }, { "text": "$1,705.2", "box": [ 0.528367445203993, 0.4449803387677228, 0.5679235670301649, 0.46543765597873266 ], "status": null, "note": null }, { "text": "$1,713.6", "box": [ 0.6166018168131511, 0.4449803387677228, 0.6561579386393229, 0.46543765597873266 ], "status": null, "note": null }, { "text": "$1,741.5", "box": [ 0.704836188422309, 0.4449803387677228, 0.7443924797905817, 0.46543765597873266 ], "status": null, "note": null }, { "text": "$1,745.1", "box": [ 0.793070560031467, 0.4449803387677228, 0.83262693617079, 0.46543765597873266 ], "status": null, "note": null }, { "text": "$1,743.5", "box": [ 0.881304931640625, 0.4449803387677228, 0.9208613077799479, 0.46543765597873266 ], "status": null, "note": null } ], [ { "text": "Total shares outstanding (mm)", "box": [ 0.08414861361185709, 0.4741585625542535, 0.2259630839029948, 0.49559597439236114 ], "status": null, "note": null }, { "text": "126.9", "box": [ 0.5424666510687934, 0.47462745949074076, 0.5679243299696181, 0.49508474844473377 ], "status": null, "note": null }, { "text": "127.7", "box": [ 0.6307010226779514, 0.47462745949074076, 0.6561587015787761, 0.49508474844473377 ], "status": null, "note": null }, { "text": "127.2", "box": [ 0.7189353942871094, 0.47462745949074076, 0.7443932427300347, 0.49508474844473377 ], "status": null, "note": null }, { "text": "127.3", "box": [ 0.8071697658962673, 0.47462745949074076, 0.8326276143391927, 0.49508474844473377 ], "status": null, "note": null }, { "text": "127.5", "box": [ 0.8954041375054254, 0.47462745949074076, 0.9208619859483507, 0.49508474844473377 ], "status": null, "note": null } ], [ { "text": "1", "box": [ 0.2134229236178928, 0.5007467199254919, 0.21734943389892578, 0.5150790744357638 ], "status": null, "note": null }, { "text": "", "box": [ 0.5131907708333331, 0.5001745868518519, 0.5939770795138889, 0.5121865556481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.5939770795138889, 0.5001745868518519, 0.6822134336805555, 0.5121865556481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.6822134336805555, 0.5001745868518519, 0.7704477920138888, 0.5121865556481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.7704477920138888, 0.5001745868518519, 0.8586804059027776, 0.5121865556481482 ], "status": null, "note": null }, { "text": "", "box": [ 0.8586804059027776, 0.5001745868518519, 0.9850342888888889, 0.5121865556481482 ], "status": null, "note": null } ], [ { "text": "GAAP Book Value per Share", "box": [ 0.08454569180806477, 0.5039283469871239, 0.2120422575208876, 0.5243856359411169 ], "status": null, "note": null }, { "text": "$11.27", "box": [ 0.5368402693006727, 0.5035754168475116, 0.5679244995117188, 0.5240327058015046 ], "status": null, "note": null }, { "text": "$11.33", "box": [ 0.6250746409098308, 0.5035754168475116, 0.6561588711208768, 0.5240327058015046 ], "status": null, "note": null }, { "text": "$11.66", "box": [ 0.7133089701334635, 0.5035754168475116, 0.7443934122721354, 0.5240327058015046 ], "status": null, "note": null }, { "text": "$11.75", "box": [ 0.8015433417426215, 0.5035754168475116, 0.8326277838812934, 0.5240327058015046 ], "status": null, "note": null }, { "text": "$11.79", "box": [ 0.8897777133517795, 0.5035754168475116, 0.9208621554904514, 0.5240327058015046 ], "status": null, "note": null } ], [ { "text": "2", "box": [ 0.2553890228271484, 0.5239580507631655, 0.25931553310818145, 0.5382904052734375 ], "status": null, "note": null }, { "text": "", "box": [ 0.5131907708333331, 0.5261750741666666, 0.5939770795138889, 0.5353978519444444 ], "status": null, "note": null }, { "text": "", "box": [ 0.5939770795138889, 0.5261750741666666, 0.6822134336805555, 0.5353978519444444 ], "status": null, "note": null }, { "text": "", "box": [ 0.6822134336805555, 0.5261750741666666, 0.7704477920138888, 0.5353978519444444 ], "status": null, "note": null }, { "text": "", "box": [ 0.7704477920138888, 0.5261750741666666, 0.8586804059027776, 0.5353978519444444 ], "status": null, "note": null }, { "text": "", "box": [ 0.8586804059027776, 0.5261750741666666, 0.9850342888888889, 0.5353978519444444 ], "status": null, "note": null } ], [ { "text": "Undepreciated Book Value per Share", "box": [ 0.08454569180806477, 0.5271396213107639, 0.2540093527899848, 0.547596910264757 ], "status": null, "note": null }, { "text": "$13.44", "box": [ 0.5368402693006727, 0.5267866911711516, 0.5679244995117188, 0.5472439801251446 ], "status": null, "note": null }, { "text": "$13.42", "box": [ 0.6250746409098308, 0.5267866911711516, 0.6561588711208768, 0.5472439801251446 ], "status": null, "note": null }, { "text": "$13.69", "box": [ 0.7133089701334635, 0.5267866911711516, 0.7443934122721354, 0.5472439801251446 ], "status": null, "note": null }, { "text": "$13.71", "box": [ 0.8015433417426215, 0.5267866911711516, 0.8326277838812934, 0.5472439801251446 ], "status": null, "note": null }, { "text": "$13.68", "box": [ 0.8897777133517795, 0.5267866911711516, 0.9208621554904514, 0.5472439801251446 ], "status": null, "note": null } ], [ { "text": "Debt obligations GAAP reconciliation", "box": [ 0.08414861361185709, 0.5577796088324652, 0.24946147070990668, 0.5775000113028067 ], "status": null, "note": null }, { "text": "", "box": [ 0.5131907708333331, 0.5551791045370371, 0.5939770795138889, 0.5815156051851852 ], "status": null, "note": null }, { "text": "", "box": [ 0.5939770795138889, 0.5551791045370371, 0.6822134336805555, 0.5815156051851852 ], "status": null, "note": null }, { "text": "", "box": [ 0.6822134336805555, 0.5551791045370371, 0.7704477920138888, 0.5815156051851852 ], "status": null, "note": null }, { "text": "", "box": [ 0.7704477920138888, 0.5551791045370371, 0.8586804059027776, 0.5815156051851852 ], "status": null, "note": null }, { "text": "", "box": [ 0.8586804059027776, 0.5551791045370371, 0.9850342888888889, 0.5815156051851852 ], "status": null, "note": null } ], [ { "text": "Loan repurchase facilities", "box": [ 0.08414861361185709, 0.5805495650679977, 0.1981645796034071, 0.6002699675383392 ], "status": null, "note": null }, { "text": "$107.2", "box": [ 0.5371050092909071, 0.5813438132957176, 0.5679957919650608, 0.6010642157660591 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.6507577684190539, 0.5813438132957176, 0.6562627580430772, 0.6010642157660591 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.7389921400282118, 0.5813438132957176, 0.74449708726671, 0.6010642157660591 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.8272265116373698, 0.5813438132957176, 0.8327314588758681, 0.6010642157660591 ], "status": null, "note": null }, { "text": "$62.7", "box": [ 0.8956738789876302, 0.5813438132957176, 0.9209382798936632, 0.6010642157660591 ], "status": null, "note": null } ], [ { "text": "Securities repurchase financing", "box": [ 0.08414861361185709, 0.5998777036313657, 0.2241938908894857, 0.6195981061017072 ], "status": null, "note": null }, { "text": "825.9", "box": [ 0.5427313910590278, 0.6006719518590856, 0.5679945203993055, 0.6203923543294271 ], "status": null, "note": null }, { "text": "934.9", "box": [ 0.6309662289089627, 0.6006719518590856, 0.6562293582492404, 0.6203923543294271 ], "status": null, "note": null }, { "text": "627.0", "box": [ 0.7192005581325955, 0.6006719518590856, 0.7444649590386285, 0.6203923543294271 ], "status": null, "note": null }, { "text": "361.6", "box": [ 0.8074349297417535, 0.6006719518590856, 0.832700432671441, 0.6203923543294271 ], "status": null, "note": null }, { "text": "294.4", "box": [ 0.8956693013509115, 0.6006719518590856, 0.9209337022569445, 0.6203923543294271 ], "status": null, "note": null } ], [ { "text": "Revolving credit facility (unsecured)", "box": [ 0.08414861361185709, 0.6193821659794561, 0.24463746812608506, 0.6391025684497974 ], "status": null, "note": null }, { "text": "202.0", "box": [ 0.5427313910590278, 0.6200882523148148, 0.5679945203993055, 0.6398086547851562 ], "status": null, "note": null }, { "text": "492.0", "box": [ 0.6309662289089627, 0.6200882523148148, 0.6562293582492404, 0.6398086547851562 ], "status": null, "note": null }, { "text": "280.0", "box": [ 0.7192005581325955, 0.6200882523148148, 0.7444649590386285, 0.6398086547851562 ], "status": null, "note": null }, { "text": "20.0", "box": [ 0.8130615234375, 0.6200882523148148, 0.8326993306477865, 0.6398086547851562 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.9154563056098091, 0.6200882523148148, 0.9209612528483073, 0.6398086547851562 ], "status": null, "note": null } ], [ { "text": "Term loan (unsecured)", "box": [ 0.08414861361185709, 0.638886797869647, 0.18599395751953124, 0.6586072003399884 ], "status": null, "note": null }, { "text": "275.0", "box": [ 0.5427313910590278, 0.6395927146629051, 0.5679945203993055, 0.6593131171332465 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.6507577684190539, 0.6395927146629051, 0.6562627580430772, 0.6593131171332465 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.7389921400282118, 0.6395927146629051, 0.74449708726671, 0.6593131171332465 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.8272265116373698, 0.6395927146629051, 0.8327314588758681, 0.6593131171332465 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.9154608832465277, 0.6395927146629051, 0.920965830485026, 0.6593131171332465 ], "status": null, "note": null } ], [ { "text": "Mortgage debt, net of unamortized debt issuance costs", "box": [ 0.08414861361185709, 0.658391429759838, 0.3329701741536458, 0.6781118322301793 ], "status": null, "note": null }, { "text": "387.5", "box": [ 0.5427313910590278, 0.659097346553096, 0.5679945203993055, 0.6788177490234375 ], "status": null, "note": null }, { "text": "384.2", "box": [ 0.6309662289089627, 0.659097346553096, 0.6562293582492404, 0.6788177490234375 ], "status": null, "note": null }, { "text": "388.2", "box": [ 0.7192005581325955, 0.659097346553096, 0.7444649590386285, 0.6788177490234375 ], "status": null, "note": null }, { "text": "401.7", "box": [ 0.8074349297417535, 0.659097346553096, 0.832700432671441, 0.6788177490234375 ], "status": null, "note": null }, { "text": "421.9", "box": [ 0.8956693013509115, 0.659097346553096, 0.9209337022569445, 0.6788177490234375 ], "status": null, "note": null } ], [ { "text": "Senior unsecured notes, net of unamortized debt issuance costs", "box": [ 0.08414861361185709, 0.6777595802589699, 0.37145419650607636, 0.6974802087854456 ], "status": null, "note": null }, { "text": "2,207.3", "box": [ 0.5343295627170139, 0.6785554673936632, 0.5680004967583551, 0.6982760959201388 ], "status": null, "note": null }, { "text": "2,216.4", "box": [ 0.6225639343261719, 0.6785554673936632, 0.656234868367513, 0.6982760959201388 ], "status": null, "note": null }, { "text": "2,215.2", "box": [ 0.7107983059353299, 0.6785554673936632, 0.7444694519042969, 0.6982760959201388 ], "status": null, "note": null }, { "text": "2,213.9", "box": [ 0.7990326775444878, 0.6785554673936632, 0.8327038235134548, 0.6982760959201388 ], "status": null, "note": null }, { "text": "2,004.1", "box": [ 0.8872670491536458, 0.6785554673936632, 0.9209381951226129, 0.6982760959201388 ], "status": null, "note": null } ], [ { "text": "Debt obligations, net", "box": [ 0.09440846972995334, 0.6986612955729167, 0.19084390004475912, 0.7191188670970775 ], "status": null, "note": null }, { "text": "$4,004.9", "box": [ 0.5283618927001953, 0.6985727945963541, 0.5679180145263671, 0.7190303661205151 ], "status": null, "note": null }, { "text": "$4,027.6", "box": [ 0.6165962643093533, 0.6985727945963541, 0.6561523861355252, 0.7190303661205151 ], "status": null, "note": null }, { "text": "$3,510.4", "box": [ 0.7048306359185113, 0.6985727945963541, 0.744386969672309, 0.7190303661205151 ], "status": null, "note": null }, { "text": "$2,997.2", "box": [ 0.7930649651421441, 0.6985727945963541, 0.832621341281467, 0.7190303661205151 ], "status": null, "note": null }, { "text": "$2,783.2", "box": [ 0.8812993367513021, 0.6985727945963541, 0.920855712890625, 0.7190303661205151 ], "status": null, "note": null } ], [ { "text": "Less: CLO debt", "box": [ 0.08414861361185709, 0.7267419885706019, 0.14961471557617187, 0.7464626170970775 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.5625177171495226, 0.7275378757052952, 0.568022706773546, 0.7472585042317709 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.6507520887586805, 0.7275378757052952, 0.656257078382704, 0.7472585042317709 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.7389864603678385, 0.7275378757052952, 0.7444914076063368, 0.7472585042317709 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.8272208319769965, 0.7275378757052952, 0.8327257792154948, 0.7472585042317709 ], "status": null, "note": null }, { "text": "\u2013", "box": [ 0.9154552035861545, 0.7275378757052952, 0.9209601508246528, 0.7472585042317709 ], "status": null, "note": null } ], [ { "text": "Adjusted debt obligations", "box": [ 0.09440846972995334, 0.7476437038845486, 0.21287267473008897, 0.7681012754087095 ], "status": null, "note": null }, { "text": "$4,004.9", "box": [ 0.5283618927001953, 0.7475552029079862, 0.5679180145263671, 0.768012774432147 ], "status": null, "note": null }, { "text": "$4,027.6", "box": [ 0.6165962643093533, 0.7475552029079862, 0.6561523861355252, 0.768012774432147 ], "status": null, "note": null }, { "text": "$3,510.4", "box": [ 0.7048306359185113, 0.7475552029079862, 0.744386969672309, 0.768012774432147 ], "status": null, "note": null }, { "text": "$2,997.2", "box": [ 0.7930649651421441, 0.7475552029079862, 0.832621341281467, 0.768012774432147 ], "status": null, "note": null }, { "text": "$2,783.2", "box": [ 0.8812993367513021, 0.7475552029079862, 0.920855712890625, 0.768012774432147 ], "status": null, "note": null } ], [ { "text": "Total equity", "box": [ 0.08414861361185709, 0.7728118331344039, 0.1377348052130805, 0.7925324616608797 ], "status": null, "note": null }, { "text": "$1,426.7", "box": [ 0.5287029690212673, 0.7736077202690972, 0.5680004543728299, 0.7933283487955729 ], "status": null, "note": null }, { "text": "$1,444.5", "box": [ 0.6169373406304254, 0.7736077202690972, 0.6562348259819879, 0.7933283487955729 ], "status": null, "note": null }, { "text": "$1,481.4", "box": [ 0.7051717122395833, 0.7736077202690972, 0.7444693671332465, 0.7933283487955729 ], "status": null, "note": null }, { "text": "$1,493.4", "box": [ 0.7934060838487413, 0.7736077202690972, 0.8327027214898004, 0.7933283487955729 ], "status": null, "note": null }, { "text": "$1,500.1", "box": [ 0.8816404554578993, 0.7736077202690972, 0.9209381951226129, 0.7933283487955729 ], "status": null, "note": null } ], [ { "text": "Plus: Accumulated depreciation and amortization on real estate and related intangibles", "box": [ 0.08414861361185709, 0.791345723470052, 0.47720252143012154, 0.8110663519965278 ], "status": null, "note": null }, { "text": "281.2", "box": [ 0.5427359686957465, 0.7929374977394387, 0.5680002000596788, 0.8126581262659144 ], "status": null, "note": null }, { "text": "271.7", "box": [ 0.6309703403049045, 0.7929374977394387, 0.6562334696451823, 0.8126581262659144 ], "status": null, "note": null }, { "text": "262.7", "box": [ 0.7192047119140625, 0.7929374977394387, 0.74447021484375, 0.8126581262659144 ], "status": null, "note": null }, { "text": "254.1", "box": [ 0.8074390835232205, 0.7929374977394387, 0.8327034844292535, 0.8126581262659144 ], "status": null, "note": null }, { "text": "245.8", "box": [ 0.8956734551323785, 0.7929374977394387, 0.9209378560384115, 0.8126581262659144 ], "status": null, "note": null } ], [ { "text": "Less: Accumulated amortization of below market leases", "box": [ 0.08414861361185709, 0.8106738620334202, 0.335093625386556, 0.8303944905598958 ], "status": null, "note": null }, { "text": "(19.3)", "box": [ 0.5449790954589844, 0.8122656363028067, 0.5713598039415148, 0.8319862648292824 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"reconciled", "note": null }, { "text": "$1,502.6", "box": [ 0.8813056098090277, 0.3059701707628038, 0.9208619859483507, 0.32642748797381366 ], "status": "reconciled", "note": null } ], [ { "text": "Average book equity balance excluding noncontrolling interest in consolidated ventures", "box": [ 0.09440375434027778, 0.3316597550003617, 0.4980250040690104, 0.3521170722113715 ], "status": "reconciled", "note": null }, { "text": "$1,438.2", "box": [ 0.528357187906901, 0.3316597550003617, 0.567913309733073, 0.3521170722113715 ], "status": "reconciled", "note": null }, { "text": "$1,465.5", "box": [ 0.616591559516059, 0.3316597550003617, 0.6561476813422309, 0.3521170722113715 ], "status": "reconciled", "note": null }, { "text": "$1,490.0", "box": [ 0.704825931125217, 0.3316597550003617, 0.7443822224934896, 0.3521170722113715 ], "status": "reconciled", "note": null }, { "text": "$1,499.3", "box": [ 0.793060302734375, 0.3316597550003617, 0.832616678873698, 0.3521170722113715 ], "status": "reconciled", "note": null }, { "text": "$1,509.6", "box": [ 0.881294674343533, 0.3316597550003617, 0.9208510504828559, 0.3521170722113715 ], "status": "reconciled", "note": null } ], [ { "text": "Accumulated depreciation & amortization \u2013 net leased commercial real estate", "box": [ 0.08414861361185709, 0.36061565257884837, 0.4348995632595486, 0.38033602679217304 ], "status": "reconciled", "note": null }, { "text": "203.5", "box": [ 0.5427339341905382, 0.36061565257884837, 0.567997063530816, 0.38033602679217304 ], "status": "reconciled", "note": null }, { "text": "198.8", "box": [ 0.6309683057996962, 0.36061565257884837, 0.6562325371636285, 0.38033602679217304 ], "status": "reconciled", "note": null }, { "text": "194.1", "box": [ 0.7192026774088541, 0.36061565257884837, 0.7444670783148871, 0.38033602679217304 ], "status": "reconciled", "note": null }, { "text": "189.5", "box": [ 0.8074370490180122, 0.36061565257884837, 0.8327014499240452, 0.38033602679217304 ], "status": "reconciled", "note": null }, { "text": "184.9", "box": [ 0.8956714206271701, 0.36061565257884837, 0.9209358215332031, 0.38033602679217304 ], "status": "reconciled", "note": null } ], [ { "text": "Accumulated depreciation & amortization \u2013 diversified commercial real estate", "box": [ 0.08414861361185709, 0.37994384765625, 0.4350951724582248, 0.3996642218695747 ], "status": "reconciled", "note": null }, { "text": "77.8", "box": [ 0.5483604855007596, 0.37994384765625, 0.5679981655544705, 0.3996642218695747 ], "status": "reconciled", "note": null }, { "text": "72.9", "box": [ 0.6365948571099176, 0.37994384765625, 0.6562325371636285, 0.3996642218695747 ], "status": "reconciled", "note": null }, { "text": "68.6", "box": [ 0.7248291863335503, 0.37994384765625, 0.7444669935438368, 0.3996642218695747 ], "status": "reconciled", "note": null }, { "text": "64.6", "box": [ 0.8130635579427083, 0.37994384765625, 0.8327002631293403, 0.3996642218695747 ], "status": "reconciled", "note": null }, { "text": "60.9", "box": [ 0.9012979295518663, 0.37994384765625, 0.9209357367621528, 0.3996642218695747 ], "status": "reconciled", "note": null } ], [ { "text": "Less: noncontrolling interests' share of accumulated real estate depreciation & amortization", "box": [ 0.08414847056070963, 0.3993601481119792, 0.48966361151801213, 0.4190805223253038 ], "status": "reconciled", "note": null }, { "text": "(5.4)", "box": [ 0.5506083170572916, 0.3992718166775174, 0.5713624742296007, 0.418992190890842 ], "status": "reconciled", "note": null }, { "text": "(5.3)", "box": [ 0.6388426886664497, 0.3992718166775174, 0.6595968458387587, 0.418992190890842 ], "status": "reconciled", "note": null }, { "text": "(5.1)", "box": [ 0.7270770602756076, 0.3992718166775174, 0.747831302218967, 0.418992190890842 ], "status": "reconciled", "note": null }, { "text": "(5.0)", "box": [ 0.8153114318847656, 0.3992718166775174, 0.836065673828125, 0.418992190890842 ], "status": "reconciled", "note": null }, { "text": "(4.9)", "box": [ 0.9035458034939237, 0.3992718166775174, 0.924300045437283, 0.418992190890842 ], "status": "reconciled", "note": null } ], [ { "text": "Accumulated real estate depreciation & amortization \u2013 our share", "box": [ 0.09440846972995334, 0.41929075453016496, 0.39288211398654516, 0.43974824128327544 ], "status": "reconciled", "note": null }, { "text": "$275.8", "box": [ 0.5368459913465712, 0.41929075453016496, 0.5679302215576172, 0.43974807174117475 ], "status": "reconciled", "note": null }, { "text": "$266.5", "box": [ 0.6250803629557292, 0.41929075453016496, 0.6561645931667752, 0.43974807174117475 ], "status": "reconciled", "note": null }, { "text": "$257.5", "box": [ 0.7133147345648871, 0.41929075453016496, 0.744399176703559, 0.43974807174117475 ], "status": "reconciled", "note": null }, { "text": "$249.1", "box": [ 0.8015491061740452, 0.41929075453016496, 0.832633548312717, 0.43974807174117475 ], "status": "reconciled", "note": null }, { "text": "$240.9", "box": [ 0.8897834777832031, 0.41929075453016496, 0.920867919921875, 0.43974807174117475 ], "status": "reconciled", "note": null } ], [ { "text": "Undepreciated book value", "box": [ 0.09441401163736979, 0.4449803387677228, 0.2157544665866428, 0.46543765597873266 ], "status": "reconciled", "note": null }, { "text": "$1,705.2", "box": [ 0.528367445203993, 0.4449803387677228, 0.5679235670301649, 0.46543765597873266 ], "status": "reconciled", "note": null }, { "text": "$1,713.6", "box": [ 0.6166018168131511, 0.4449803387677228, 0.6561579386393229, 0.46543765597873266 ], "status": "reconciled", "note": null }, { "text": "$1,741.5", "box": [ 0.704836188422309, 0.4449803387677228, 0.7443924797905817, 0.46543765597873266 ], "status": "reconciled", "note": null }, { "text": "$1,745.1", "box": [ 0.793070560031467, 0.4449803387677228, 0.83262693617079, 0.46543765597873266 ], "status": "reconciled", "note": null }, { "text": "$1,743.5", "box": [ 0.881304931640625, 0.4449803387677228, 0.9208613077799479, 0.46543765597873266 ], "status": "reconciled", "note": null } ], [ { "text": "Total shares outstanding (mm)", "box": [ 0.08414861361185709, 0.4741585625542535, 0.2259630839029948, 0.49559597439236114 ], "status": "reconciled", "note": null }, { "text": "126.9", "box": [ 0.5424666510687934, 0.47462745949074076, 0.5679243299696181, 0.49508474844473377 ], "status": "reconciled", "note": null }, { "text": "127.7", "box": [ 0.6307010226779514, 0.47462745949074076, 0.6561587015787761, 0.49508474844473377 ], "status": "reconciled", "note": null }, { "text": "127.2", "box": [ 0.7189353942871094, 0.47462745949074076, 0.7443932427300347, 0.49508474844473377 ], "status": "reconciled", "note": null }, { "text": "127.3", "box": [ 0.8071697658962673, 0.47462745949074076, 0.8326276143391927, 0.49508474844473377 ], "status": "reconciled", "note": null }, { "text": "127.5", "box": [ 0.8954041375054254, 0.47462745949074076, 0.9208619859483507, 0.49508474844473377 ], "status": "reconciled", "note": null } ], [ { "text": "GAAP Book Value per Share 1", "box": null, "status": "label_printed_unlocated", "note": "The image shows 'GAAP Book Value per Share \u00b9' printed in a boxed row label on the left side of the table." }, { "text": "$11.27", "box": [ 0.5368402693006727, 0.5035754168475116, 0.5679244995117188, 0.5240327058015046 ], "status": "reconciled", "note": null }, { "text": "$11.33", "box": [ 0.6250746409098308, 0.5035754168475116, 0.6561588711208768, 0.5240327058015046 ], "status": "reconciled", "note": null }, { "text": "$11.66", "box": [ 0.7133089701334635, 0.5035754168475116, 0.7443934122721354, 0.5240327058015046 ], "status": "reconciled", "note": null }, { "text": "$11.75", "box": [ 0.8015433417426215, 0.5035754168475116, 0.8326277838812934, 0.5240327058015046 ], "status": "reconciled", "note": null }, { "text": "$11.79", "box": [ 0.8897777133517795, 0.5035754168475116, 0.9208621554904514, 0.5240327058015046 ], "status": "reconciled", "note": null } ], [ { "text": "Undepreciated Book Value per Share 2", "box": null, "status": "label_printed_unlocated", "note": "The image shows 'Undepreciated Book Value per Share \u00b2' printed in a boxed row label on the left side of the table." }, { "text": "$13.44", "box": [ 0.5368402693006727, 0.5267866911711516, 0.5679244995117188, 0.5472439801251446 ], "status": "reconciled", "note": null }, { "text": "$13.42", "box": [ 0.6250746409098308, 0.5267866911711516, 0.6561588711208768, 0.5472439801251446 ], "status": "reconciled", "note": null }, { "text": "$13.69", "box": [ 0.7133089701334635, 0.5267866911711516, 0.7443934122721354, 0.5472439801251446 ], "status": "reconciled", "note": null }, { "text": "$13.71", "box": [ 0.8015433417426215, 0.5267866911711516, 0.8326277838812934, 0.5472439801251446 ], "status": "reconciled", "note": null }, { "text": "$13.68", "box": [ 0.8897777133517795, 0.5267866911711516, 0.9208621554904514, 0.5472439801251446 ], "status": "reconciled", "note": null } ], [ { "text": "Debt obligations GAAP reconciliation", "box": [ 0.08414861361185709, 0.5577796088324652, 0.24946147070990668, 0.5775000113028067 ], "status": "reconciled", "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null }, { "text": "", "box": null, "status": null, "note": null } ], [ { "text": "Loan repurchase facilities", "box": [ 0.08414861361185709, 0.5805495650679977, 0.1981645796034071, 0.6002699675383392 ], "status": "reconciled", "note": null }, { "text": "$107.2", "box": [ 0.5371050092909071, 0.5813438132957176, 0.5679957919650608, 0.6010642157660591 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.6507577684190539, 0.5813438132957176, 0.6562627580430772, 0.6010642157660591 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.7389921400282118, 0.5813438132957176, 0.74449708726671, 0.6010642157660591 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.8272265116373698, 0.5813438132957176, 0.8327314588758681, 0.6010642157660591 ], "status": "reconciled", "note": null }, { "text": "$62.7", "box": [ 0.8956738789876302, 0.5813438132957176, 0.9209382798936632, 0.6010642157660591 ], "status": "reconciled", "note": null } ], [ { "text": "Securities repurchase financing", "box": [ 0.08414861361185709, 0.5998777036313657, 0.2241938908894857, 0.6195981061017072 ], "status": "reconciled", "note": null }, { "text": "825.9", "box": [ 0.5427313910590278, 0.6006719518590856, 0.5679945203993055, 0.6203923543294271 ], "status": "reconciled", "note": null }, { "text": "934.9", "box": [ 0.6309662289089627, 0.6006719518590856, 0.6562293582492404, 0.6203923543294271 ], "status": "reconciled", "note": null }, { "text": "627.0", "box": [ 0.7192005581325955, 0.6006719518590856, 0.7444649590386285, 0.6203923543294271 ], "status": "reconciled", "note": null }, { "text": "361.6", "box": [ 0.8074349297417535, 0.6006719518590856, 0.832700432671441, 0.6203923543294271 ], "status": "reconciled", "note": null }, { "text": "294.4", "box": [ 0.8956693013509115, 0.6006719518590856, 0.9209337022569445, 0.6203923543294271 ], "status": "reconciled", "note": null } ], [ { "text": "Revolving credit facility (unsecured)", "box": [ 0.08414861361185709, 0.6193821659794561, 0.24463746812608506, 0.6391025684497974 ], "status": "reconciled", "note": null }, { "text": "202.0", "box": [ 0.5427313910590278, 0.6200882523148148, 0.5679945203993055, 0.6398086547851562 ], "status": "reconciled", "note": null }, { "text": "492.0", "box": [ 0.6309662289089627, 0.6200882523148148, 0.6562293582492404, 0.6398086547851562 ], "status": "reconciled", "note": null }, { "text": "280.0", "box": [ 0.7192005581325955, 0.6200882523148148, 0.7444649590386285, 0.6398086547851562 ], "status": "reconciled", "note": null }, { "text": "20.0", "box": [ 0.8130615234375, 0.6200882523148148, 0.8326993306477865, 0.6398086547851562 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.9154563056098091, 0.6200882523148148, 0.9209612528483073, 0.6398086547851562 ], "status": "reconciled", "note": null } ], [ { "text": "Term loan (unsecured)", "box": [ 0.08414861361185709, 0.638886797869647, 0.18599395751953124, 0.6586072003399884 ], "status": "reconciled", "note": null }, { "text": "275.0", "box": [ 0.5427313910590278, 0.6395927146629051, 0.5679945203993055, 0.6593131171332465 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.6507577684190539, 0.6395927146629051, 0.6562627580430772, 0.6593131171332465 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.7389921400282118, 0.6395927146629051, 0.74449708726671, 0.6593131171332465 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.8272265116373698, 0.6395927146629051, 0.8327314588758681, 0.6593131171332465 ], "status": "reconciled", "note": null }, { "text": "\u2013", "box": [ 0.9154608832465277, 0.6395927146629051, 0.920965830485026, 0.6593131171332465 ], "status": "reconciled", "note": null } ], [ { "text": "Mortgage debt, net of unamortized debt issuance costs", "box": [ 0.08414861361185709, 0.658391429759838, 0.3329701741536458, 0.6781118322301793 ], "status": "reconciled", "note": null }, { "text": "387.5", "box": [ 0.5427313910590278, 0.659097346553096, 0.5679945203993055, 0.6788177490234375 ], "status": "reconciled", "note": null }, { "text": "384.2", "box": [ 0.6309662289089627, 0.659097346553096, 0.6562293582492404, 0.6788177490234375 ], "status": "reconciled", "note": null }, { "text": "388.2", "box": [ 0.7192005581325955, 0.659097346553096, 0.7444649590386285, 0.6788177490234375 ], "status": "reconciled", "note": null }, { "text": "401.7", "box": [ 0.8074349297417535, 0.659097346553096, 0.832700432671441, 0.6788177490234375 ], "status": "reconciled", "note": null }, { "text": "421.9", "box": [ 0.8956693013509115, 0.659097346553096, 0.9209337022569445, 0.6788177490234375 ], "status": "reconciled", "note": null } ], [ { "text": "Senior unsecured notes, net of unamortized debt issuance costs", "box": [ 0.08414861361185709, 0.6777595802589699, 0.37145419650607636, 0.6974802087854456 ], "status": "reconciled", "note": null }, { "text": "2,207.3", "box": [ 0.5343295627170139, 0.6785554673936632, 0.5680004967583551, 0.6982760959201388 ], "status": "reconciled", "note": null }, { "text": "2,216.4", "box": [ 0.6225639343261719, 0.6785554673936632, 0.656234868367513, 0.6982760959201388 ], "status": "reconciled", "note": null }, { "text": "2,215.2", "box": [ 0.7107983059353299, 0.6785554673936632, 0.7444694519042969, 0.6982760959201388 ], "status": "reconciled", "note": null }, { "text": "2,213.9", "box": [ 0.7990326775444878, 0.6785554673936632, 0.8327038235134548, 0.6982760959201388 ], "status": "reconciled", "note": null }, { "text": "2,004.1", "box": [ 0.8872670491536458, 0.6785554673936632, 0.9209381951226129, 0.6982760959201388 ], "status": "reconciled", "note": null } ], [ { "text": "Debt obligations, net", "box": [ 0.09440846972995334, 0.6986612955729167, 0.19084390004475912, 0.7191188670970775 ], "status": "reconciled", "note": null }, { "text": "$4,004.9", "box": [ 0.5283618927001953, 0.6985727945963541, 0.5679180145263671, 0.7190303661205151 ], "status": "reconciled", "note": null }, { "text": "$4,027.6", "box": [ 0.6165962643093533, 0.6985727945963541, 0.6561523861355252, 0.7190303661205151 ], "status": "reconciled", "note": null }, { "text": "$3,510.4", "box": [ 0.7048306359185113, 0.6985727945963541, 0.744386969672309, 0.7190303661205151 ], "status": "reconciled", "note": null }, { "text": "$2,997.2", "box": [ 0.7930649651421441, 0.6985727945963541, 0.832621341281467, 0.7190303661205151 ], "status": "reconciled", "note": null }, { "text": "$2,783.2", "box": [ 0.8812993367513021, 0.6985727945963541, 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