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The dividend tables show only regular common dividends of $0.25 per share per quarter (Q4 2025 declared December 10, 2025, totaling $16,092 thousand) and Series A preferred dividends of $0.41 per share, and the income statement/quarterly tables show no special dividend.", "retrieved": [ { "page": 128, "score": 0.0626, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 60, "score": 0.0621, "chunk_id": "#/tables/3", "chunk_type": "table" }, { "page": 128, "score": 0.0546, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 61, "score": 0.0522, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 60, "score": 0.0511, "chunk_id": "t3-line-2", "chunk_type": "line_item" }, { "page": 95, "score": 0.0494, "chunk_id": "#/tables/26", "chunk_type": "table" }, { "page": 128, "score": 0.0476, "chunk_id": "t58-line-12", "chunk_type": "line_item" }, { "page": 139, "score": 0.0467, "chunk_id": "#/tables/69", "chunk_type": "table" }, { "page": 128, "score": 0.0464, "chunk_id": "t58-line-2", "chunk_type": "line_item" }, { "page": 78, "score": 0.0458, "chunk_id": "#/tables/16", "chunk_type": "table" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.07516271417791193, "left": 0.07107843137254902, "right": 0.92885584613077, "bottom": 0.35402841279000946 }, "note": null, "page": 128, "text": null, "chart": null, "label": "Page 128, table", "ref_id": "#/tables/58", "status": null, "flagged": false, "segment": null, "ref_type": "table" }, { "col": null, "row": null, "bbox": { "top": 0.17348626647332702, "left": 0.07537581873875038, "right": 0.9277058520348244, "bottom": 0.5947101862743648 }, "note": null, "page": 139, "text": null, "chart": null, "label": "Page 139, table", "ref_id": "#/tables/69", "status": null, "flagged": false, "segment": null, "ref_type": "table" }, { "col": null, "row": null, "bbox": { "top": 0.07515007558495107, "left": 0.07107843137254902, "right": 0.9277141296785641, "bottom": 0.7789858423098169 }, "note": null, "page": 95, "text": null, "chart": null, "label": "Page 95, table", "ref_id": "#/tables/26", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 13.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 13.04", "unit": "per share (common book value)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "13.04" }, "cited_ids": [ "t9-line-7", "t9-7-1", "#/texts/701" ], "error": null, "index": 5, "question": "Find Balance Sheet: : GAAP (Generally Accepted Accounting Principles) book value (per share). 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Return Q4 2025 value", "n_cands": 34, "cand_chars": 53263, "picks": 3, "context_ids": [ "t25-line-31", "t25-line-31", "t9-line-4", "t9-line-6", "t25-line-30", "figure-values-p61" ], "context_chars": [ 781, 2843, 352, 331, 772, 2104 ], "resolved": [ { "table": "#/tables/25", "row": 31, "cell": "t25-31-1" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "64,367,737", "unit": "shares of common stock issued and outstanding at period end", "period": "December 31, 2025", "label": null, "source_id": null, "number": "64367737" }, "cited_ids": [ "t9-line-4", "t9-4-1", "t25-31-0" ], "context_chars": [ 781, 5574, 352, 331, 772, 2104, 1150, 2526, 2208, 9226 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "shares of common stock issued and outstanding at period end", "label": null, "value": "64,367,737", "number": "64367737", "period": "December 31, 2025", "source_id": null }, "answer": "64,367,737", "retrieved": [ { "page": 94, "score": 0.0607, "chunk_id": "t25-line-31", "chunk_type": "line_item" }, { "page": 94, "score": 0.0583, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 66, "score": 0.0563, "chunk_id": "t9-line-6", "chunk_type": "line_item" }, { "page": 94, "score": 0.0553, "chunk_id": "t25-line-30", "chunk_type": "line_item" }, { "page": 66, "score": 0.0539, "chunk_id": "t9-line-4", "chunk_type": "line_item" }, { "page": 61, "score": 0.0523, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 9, "score": 0.0501, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 116, "score": 0.0455, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 128, "score": 0.0452, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 116, "score": 0.0435, "chunk_id": "#/tables/43", "chunk_type": "table" } ], "references": [ { "col": 0, "row": 31, "bbox": { "top": 0.7334469111278804, "left": 0.09498366187600528, "right": 0.5927058699863409, "bottom": 0.7733040241279987 }, "note": null, "page": 94, "text": "Common stock, $0.01 par value, 300,000,000 authorized (65,488,680 and 68,713,596 shares issued; 64,367,737 and 68,713,596 shares outstanding as of December 31, 2025 and December 31, 2024, respectively)", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-31-0", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 4, "bbox": { "top": 0.6674382373540089, "left": 0.7272712358462265, "right": 0.7860947652579913, "bottom": 0.6786243168994633 }, "note": null, "page": 66, "text": "64,367,737", "chart": null, "label": "Page 66.table, cell \u2014 reconciled", "ref_id": "t9-4-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 9.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,862,689", "unit": "thousands of USD (secured financing agreements, net)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2862689" }, "cited_ids": [ "t25-17-1", "t45-12-1", "t43-24-5" ], "error": null, "index": 7, "question": "Find Balance Sheet: : Repo/Warehouse financing (millions) (Secured Financing Agreements, Net). Return Q4 2025 value", "n_cands": 48, "cand_chars": 95998, "picks": 4, "context_ids": [ "t25-line-17", "t45-line-12", "#/tables/2", "t2-line-6", "t43-line-24", "t43-line-23", "t43-line-5" ], "context_chars": [ 577, 396, 1296, 390, 2929, 2526, 2192 ], "resolved": [ { "table": "#/tables/2", "row": null, "whole": false, "not_found": "The question asks for \"Repo/Warehouse financing\" which would typically refer to master repurchase agreements and warehouse facility combined. However, this would require arithmetic across rows (t2-1-1 + t2-6-1). Additionally, the question specifies a \"Balance Sheet\" figure that should be \"net\" of certain items, but this table shows only outstanding principal balances as of December 31, 2025, not a balance sheet presentation. No single row represents the complete \"Repo/Warehouse financing\" figure requested." }, { "table": "#/tables/43", "row": 24, "cell": "t43-24-5" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,862,689", "unit": "thousands of USD (Secured financing agreements, net)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2862689" }, "cited_ids": [ "t25-17-1", "t45-12-1", "t43-24-5" ], "context_chars": [ 577, 396, 1296, 390, 9226, 2526, 2192, 4463, 2104, 558 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (Secured financing agreements, net)", "label": null, "value": "$ 2,862,689", "number": "2862689", "period": "December 31, 2025", "source_id": null }, "answer": "$ 2,862,689", "retrieved": [ { "page": 116, "score": 0.0729, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 116, "score": 0.0597, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 11, "score": 0.0592, "chunk_id": "#/tables/2", "chunk_type": "table" }, { "page": 116, "score": 0.0583, "chunk_id": "t43-line-5", "chunk_type": "line_item" }, { "page": 94, "score": 0.0564, "chunk_id": "t25-line-17", "chunk_type": "line_item" }, { "page": 84, "score": 0.0501, "chunk_id": "#/tables/22", "chunk_type": "table" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 94, "score": 0.0476, "chunk_id": "t25-line-19", "chunk_type": "line_item" }, { "page": 11, "score": 0.0455, "chunk_id": "t2-line-6", "chunk_type": "line_item" }, { "page": 83, "score": 0.0452, "chunk_id": "#/texts/896", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 17, "bbox": { "top": 0.44632574524542296, "left": 0.6538071975209354, "right": 0.7757483588324653, "bottom": 0.45891008473405936 }, "note": null, "page": 94, "text": "$ 2,862,689", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-17-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 5, "row": 24, "bbox": { "top": 0.601012875335385, "left": 0.5141013151679943, "right": 0.5758431627859477, "bottom": 0.6108006949376579 }, "note": null, "page": 116, "text": "$ 2,862,689", "chart": null, "label": "Page 116.table, cell \u2014 reconciled", "ref_id": "t43-24-5", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1,198,332", "unit": "USD thousands (Collateralized loan obligations, net \u2014 Consolidated Balance Sheets)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1198332" }, "cited_ids": [ "t25-18-1", "t25-18-0" ], "error": null, "index": 8, "question": "Find Balance Sheet: : CLO (Collateralized Loan Obligation)/Securitized debt (millions) ($ value). Return Q4 2025 value", "n_cands": 52, "cand_chars": 113736, "picks": 3, "context_ids": [ "t48-line-9", "t48-line-9", "t25-line-18", "t48-line-2", "#/tables/43", "#/tables/12" ], "context_chars": [ 490, 1001, 576, 503, 9226, 18197 ], "resolved": [ { "table": "#/tables/48", "row": 9, "cell": "t48-9-1" }, { "table": "#/tables/43", "row": null, "whole": false, "not_found": "The question asks for CLO/Securitized debt balance sheet value, but this table presents detailed debt facility information with carrying values for individual facilities and totals. The table does not contain a line item specifically labeled as \"CLO (Collateralized Loan Obligation)/Securitized debt\" as a distinct balance sheet category. The total carrying value in row 24 represents all debt facilities combined, not specifically CLO/securitized debt as a separate classification." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows \"Our Portfolio - Portfolio Information\" with details on Senior Loans. It does not contain Balance Sheet data or any CLO/Securitized debt figures. The question asks for a Balance Sheet line item (CLO/Collateralized Loan Obligation/Securitized debt) which is not present in this portfolio table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1,198,332", "unit": "$ thousands (Amounts in thousands) \u2014 Collateralized loan obligations, net", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1198332" }, "cited_ids": [ "t25-18-1", "#/tables/25", "t48-11-1" ], "context_chars": [ 490, 1881, 576, 503, 9226, 18197, 2526, 6337, 5574, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD thousands (Collateralized loan obligations, net)", "label": null, "value": "1,198,332", "number": "1198332", "period": "December 31, 2025", "source_id": null }, "answer": "1,198,332", "retrieved": [ { "page": 119, "score": 0.0551, "chunk_id": "t48-line-9", "chunk_type": "line_item" }, { "page": 119, "score": 0.0514, "chunk_id": "t48-line-2", "chunk_type": "line_item" }, { "page": 116, "score": 0.0506, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 119, "score": 0.0492, "chunk_id": "#/tables/48", "chunk_type": "table" }, { "page": 69, "score": 0.0476, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 116, "score": 0.0472, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 94, "score": 0.0449, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 61, "score": 0.0435, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 116, "score": 0.0397, "chunk_id": "t43-line-7", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 18, "bbox": { "top": 0.4624242300939078, "left": 0.7169248294207006, "right": 0.7757483588324653, "bottom": 0.47500856958254417 }, "note": null, "page": 94, "text": "1,198,332", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-18-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 9, "bbox": { "top": 0.6029433048132694, "left": 0.6734150406581904, "right": 0.7860947652579913, "bottom": 0.614129384358724 }, "note": null, "page": 119, "text": "$ 1,198,378", "chart": null, "label": "Page 119.table, cell \u2014 reconciled", "ref_id": "t48-9-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 16.9 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The document's consolidated balance sheet contains no line item labeled 'Real estate debt.' Debt-related captions presented as of December 31, 2025 are 'Secured financing agreements, net' ($2,862,689 thousand), 'Collateralized loan obligations, net' ($1,198,332 thousand) and 'Secured term loan, net' ($632,516 thousand), and no combined 'real estate debt' figure in millions is printed." }, "cited_ids": [ "#/tables/25" ], "error": null, "index": 9, "question": "Find Balance Sheet: : Real estate debt (millions). Return Q4 2025 value", "n_cands": 36, "cand_chars": 91256, "picks": 2, "context_ids": [ "#/tables/25", "#/tables/43", "#/tables/38", "t25-line-22", "#/tables/31" ], "context_chars": [ 5574, 9226, 3857, 576, 3327 ], "resolved": [ { "table": "#/tables/25", "row": null, "whole": false, "not_found": "The question asks for \"Real estate debt\" which is not a line item explicitly labeled in this consolidated balance sheet. The table contains various debt instruments (Secured financing agreements, Collateralized loan obligations, Secured term loan) but no single row labeled \"Real estate debt.\" Computing a total across multiple debt rows would require arithmetic across rows, which is outside the scope of identifying a single row." }, { "table": "#/tables/43", "row": null, "whole": false, "not_found": "The question asks for \"Real estate debt (millions)\" from a Balance Sheet for Q4 2025. This table shows detailed debt obligations and financing arrangements, but does not contain a line item specifically labeled \"Real estate debt\" or a consolidated balance sheet figure. The table shows individual facility carrying values as of December 31, 2025, but the question appears to be asking for a balance sheet line item that would require aggregation or a different presentation format not found in this debt obligations detail table." }, { "table": "#/tables/38", "row": null, "whole": false, "not_found": "The table does not contain a \"Real estate debt\" line item. The table presents Real Estate Owned (REO) assets and liabilities, including real estate owned values, lease intangibles, and tenant receivables, but does not include debt or financing obligations." }, { "table": "#/tables/31", "row": null, "whole": false, "not_found": "The question asks for \"Balance Sheet: Real estate debt (millions)\" for Q4 2025, but this table shows Commercial Real Estate Loans activity with amortized cost, allowance for credit losses, and carrying value. The carrying value at December 31, 2025 (t31-19-3) shows $5,145,832 (in thousands, not millions as requested). However, the question appears to be asking for a Balance Sheet line item labeled \"Real estate debt,\" which is not explicitly labeled as such in this activity table. The row t31-19-0 contains the December 31, 2025 balance, but the specific \"Real estate debt\" Balance Sheet caption is not present in this table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The balance sheet has no line captioned exactly 'Real estate debt'; the closest corresponding item is 'Commercial real estate loans, held-for-investment, net'." }, "cited_ids": [ "t25-5-1", "t25-line-5", "t31-19-3" ], "context_chars": [ 5574, 9226, 3857, 576, 3327, 583, 2104, 470, 470, 2526 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The consolidated balance sheet in the provided context has no line item labeled 'Real estate debt'; the closest items are 'Commercial real estate loans, held-for-investment, net' ($5,145,832 thousand) on the asset side and debt obligations such as secured financing agreements, CLOs and secured term loan, but no figure is presented as 'Real estate debt (millions)'." }, "answer": "The consolidated balance sheet in the provided context has no line item labeled 'Real estate debt'; the closest items are 'Commercial real estate loans, held-for-investment, net' ($5,145,832 thousand) on the asset side and debt obligations such as secured financing agreements, CLOs and secured term loan, but no figure is presented as 'Real estate debt (millions)'.", "retrieved": [ { "page": 94, "score": 0.078, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 114, "score": 0.0561, "chunk_id": "#/tables/38", "chunk_type": "table" }, { "page": 94, "score": 0.0534, "chunk_id": "t25-line-22", "chunk_type": "line_item" }, { "page": 109, "score": 0.0511, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 94, "score": 0.0504, "chunk_id": "t25-line-5", "chunk_type": "line_item" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 109, "score": 0.0476, "chunk_id": "t31-line-10", "chunk_type": "line_item" }, { "page": 109, "score": 0.0455, "chunk_id": "t31-line-19", "chunk_type": "line_item" }, { "page": 116, "score": 0.0417, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 9, "score": 0.0415, "chunk_id": "#/pictures/1", "chunk_type": "picture" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.07515007558495107, "left": 0.07107843137254902, "right": 0.92771901648029, "bottom": 0.8859934180673926 }, "note": null, "page": 94, "text": null, "chart": null, "label": "Page 94, table", "ref_id": "#/tables/25", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 25.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 496,060", "unit": "USD thousands (Consolidated variable interest entity liabilities, CMBS trust, at fair value)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "496060" }, "cited_ids": [ "t51-line-8", "t51-8-1", "t25-line-23", "t25-23-1" ], "error": null, "index": 10, "question": "Find Balance Sheet: : Other portfolio debt (millions) (Consolidated VIE Liabilities, CMBS Trusts, at Fair Value). Return Q4 2025 value", "n_cands": 51, "cand_chars": 59279, "picks": 3, "context_ids": [ "t25-line-23", "t51-line-8", "t51-line-8", "#/texts/1058", "#/pictures/1", "t51-line-6" ], "context_chars": [ 606, 598, 1055, 775, 1150, 574 ], "resolved": [ { "table": "#/tables/51", "row": 8, "cell": "t51-8-1" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 496,060", "unit": "thousands of USD (Consolidated variable interest entity liabilities, CMBS trust, at fair value)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "496060" }, "cited_ids": [ "t51-8-1", "t25-23-1", "#/tables/51", "#/tables/25" ], "context_chars": [ 1325, 598, 606, 775, 1150, 574, 877, 593, 5574, 1435 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD thousands (Consolidated variable interest entity liabilities, CMBS trust, at fair value)", "label": null, "value": "$ 496,060", "number": "496060", "period": "December 31, 2025", "source_id": null }, "answer": "$ 496,060", "retrieved": [ { "page": 100, "score": 0.077, "chunk_id": "#/texts/1058", "chunk_type": "text" }, { "page": 9, "score": 0.0693, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 94, "score": 0.0687, "chunk_id": "t25-line-23", "chunk_type": "line_item" }, { "page": 121, "score": 0.0655, "chunk_id": "#/tables/51", "chunk_type": "table" }, { "page": 121, "score": 0.0652, "chunk_id": "t51-line-6", "chunk_type": "line_item" }, { "page": 121, "score": 0.0574, "chunk_id": "#/texts/1283", "chunk_type": "text" }, { "page": 94, "score": 0.057, "chunk_id": "t25-line-10", "chunk_type": "line_item" }, { "page": 94, "score": 0.0554, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 102, "score": 0.0553, "chunk_id": "#/texts/1083", "chunk_type": "text" }, { "page": 136, "score": 0.0541, "chunk_id": "t66-line-1", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 8, "bbox": { "top": 0.42901653713650173, "left": 0.6734150406581904, "right": 0.7860947652579913, "bottom": 0.44020261668195626 }, "note": null, "page": 121, "text": "$ 496,060", "chart": null, "label": "Page 121.table, cell \u2014 reconciled", "ref_id": "t51-8-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 23, "bbox": { "top": 0.5429166543363321, "left": 0.7279542411854064, "right": 0.7757483588324653, "bottom": 0.5555009938249684 }, "note": null, "page": 94, "text": "496,060", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-23-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 7.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 632,516", "unit": "USD thousands (secured term loan, net carrying value); equivalent to approximately $632.5 million", "period": "December 31, 2025", "label": null, "source_id": null, "number": "632516" }, "cited_ids": [ "t50-4-1", "t25-19-1" ], "error": null, "index": 11, "question": "Find Balance Sheet: : Term loans (millions). Return Q4 2025 value", "n_cands": 46, "cand_chars": 101769, "picks": 2, "context_ids": [ "t25-line-19", "t50-line-4", "#/tables/12", "t43-line-24", "#/tables/31" ], "context_chars": [ 558, 369, 18197, 2929, 3327 ], "resolved": [ { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"Balance Sheet: Term loans (millions)\" for Q4 2025, but the table provided is a \"Portfolio Information\" table showing individual senior loans with their details. This is not a balance sheet, and there is no aggregated \"Term loans\" line item or Q4 2025 summary figure in this table. The table contains individual loan entries, not consolidated balance sheet data." }, { "table": "#/tables/43", "row": 24, "cell": "t43-24-5" }, { "table": "#/tables/31", "row": null, "whole": false, "not_found": "The question asks for \"Balance Sheet: Term loans (millions)\" for Q4 2025, but this table shows Commercial Real Estate Loans activity with amortized cost, allowance for credit losses, and carrying value. The table does not contain a \"Term loans\" line item or balance sheet presentation. The closest row is the Balance at December 31, 2025 (t31-19-0), but this represents the carrying value of commercial real estate loans specifically, not a general \"term loans\" balance sheet figure, and the values shown are in thousands, not millions." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "632,516", "unit": "Secured term loan, net \u2014 USD in thousands (equivalent to approximately $632.5 million)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "632516" }, "cited_ids": [ "t25-19-1", "t50-4-1" ], "context_chars": [ 558, 369, 18197, 9226, 3327, 6337, 470, 127, 470, 802 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD thousands (as printed in Consolidated Balance Sheets, amounts in thousands) \u2014 \"Secured term loan, net\"", "label": null, "value": "632,516", "number": "632516", "period": "December 31, 2025", "source_id": null }, "answer": "632,516", "retrieved": [ { "page": 69, "score": 0.0592, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 94, "score": 0.0533, "chunk_id": "t25-line-19", "chunk_type": "line_item" }, { "page": 116, "score": 0.0528, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 109, "score": 0.0492, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 141, "score": 0.0482, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 109, "score": 0.0464, "chunk_id": "t31-line-19", "chunk_type": "line_item" }, { "page": 120, "score": 0.0455, "chunk_id": "#/texts/1275", "chunk_type": "text" }, { "page": 109, "score": 0.0435, "chunk_id": "t31-line-10", "chunk_type": "line_item" }, { "page": 68, "score": 0.042, "chunk_id": "t10-line-8", "chunk_type": "line_item" }, { "page": 61, "score": 0.0417, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" } ], "references": [ { "col": 1, "row": 19, "bbox": { "top": 0.4785227149423927, "left": 0.7279542411854064, "right": 0.7757483588324653, "bottom": 0.49110705443102903 }, "note": null, "page": 94, "text": "632,516", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-19-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "\u2014", "unit": "thousands USD (facility carrying value; nil outstanding)", "period": "December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t43-line-23", "t43-23-4", "t43-23-5", "t22-6-1" ], "error": null, "index": 12, "question": "Find Balance Sheet: : Corporate debt (millions) (Debt Obligations Note: Revolving Credit Agreement (Revolver)). Return Q4 2025 value", "n_cands": 49, "cand_chars": 82458, "picks": 3, "context_ids": [ "t43-line-23", "t43-line-23", "t43-line-24", "#/texts/1665", "#/texts/809", "#/tables/22" ], "context_chars": [ 2526, 3251, 2204, 419, 614, 4463 ], "resolved": [ { "table": "#/tables/43", "row": 23, "cell": "t43-23-5" }, { "table": "#/tables/22", "row": null, "whole": false, "not_found": "The question asks for \"Corporate debt (Revolver)\" from a Balance Sheet in Q4 2025, but this table shows Contractual Obligations and Commitments as of December 31, 2025. The Revolver row (row 6) shows all zeros (\u2014) for all time periods, indicating no amounts are currently outstanding. This is a contractual obligations table, not a balance sheet, and the Revolver line does not contain the balance sheet figure being requested." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "\u2014", "unit": "Revolver facility carrying value (amounts in thousands; nil outstanding)", "period": "December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t43-23-5", "t43-23-4", "#/tables/43" ], "context_chars": [ 2526, 9226, 2204, 419, 614, 4463, 938, 5574, 290, 5108 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD thousands (facility carrying value; nil outstanding)", "label": null, "value": "\u2014", "number": null, "period": "As of December 31, 2025", "source_id": null }, "answer": "\u2014", "retrieved": [ { "page": 1, "score": 0.0839, "chunk_id": "#/texts/1665", "chunk_type": "text" }, { "page": 75, "score": 0.0596, "chunk_id": "#/texts/809", "chunk_type": "text" }, { "page": 84, "score": 0.0588, "chunk_id": "#/tables/22", "chunk_type": "table" }, { "page": 116, "score": 0.0581, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 84, "score": 0.054, "chunk_id": "t22-line-6", "chunk_type": "line_item" }, { "page": 116, "score": 0.0525, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 94, "score": 0.0498, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 75, "score": 0.049, "chunk_id": "#/texts/819", "chunk_type": "text" }, { "page": 116, "score": 0.0474, "chunk_id": "t43-line-24", "chunk_type": "line_item" }, { "page": 148, "score": 0.0472, "chunk_id": "#/tables/75", "chunk_type": "table" } ], "references": [ { "col": 5, "row": 23, "bbox": { "top": 0.5858613601838699, "left": 0.5644052542892157, "right": 0.5758431627859477, "bottom": 0.5956491797861426 }, "note": null, "page": 116, "text": "\u2014", "chart": null, "label": "Page 116.table, cell \u2014 reconciled", "ref_id": "t43-23-5", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 4, "row": 23, "bbox": { "top": 0.5858613601838699, "left": 0.4884248621323529, "right": 0.49986277062908496, "bottom": 0.5956491797861426 }, "note": null, "page": 116, "text": "\u2014", "chart": null, "label": "Page 116.table, cell \u2014 reconciled", "ref_id": "t43-23-4", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": null, "note": null, "page": 1, "text": null, "chart": null, "label": "Page 1", "ref_id": "#/texts/1665", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 11.8 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The December 31, 2025 consolidated balance sheet lists no convertible debt/Convertible Notes line item (debt consists of secured financing agreements, collateralized loan obligations and a secured term loan), and the EPS note refers to the Convertible Notes only for 'the periods in which such notes were outstanding.' No Q4 2025 convertible debt figure is printed in the provided context." }, "cited_ids": [ "#/tables/25", "#/texts/1373" ], "error": null, "index": 13, "question": "Find Balance Sheet: : Convertible debt (millions) (Convertible Notes (none outstanding -- EPS (Earnings Per Share) dilution note only)). Return Q4 2025 value", "n_cands": 29, "cand_chars": 56857, "picks": 2, "context_ids": [ "#/texts/1373", "#/texts/1170", "#/tables/25", "t25-line-31", "#/texts/1241" ], "context_chars": [ 598, 626, 5574, 781, 84 ], "resolved": [ { "table": "#/tables/25", "row": null, "whole": false, "not_found": "Convertible debt is not presented as a line item in this consolidated balance sheet. The table shows secured financing agreements, collateralized loan obligations, and secured term loans, but no convertible debt or convertible notes line item." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The Consolidated Balance Sheets as of December 31, 2025 contain no convertible debt/Convertible Notes line item; the only reference is in the EPS note (Note 14), which mentions an assumed conversion of the Convertible Notes solely 'for the periods in which such notes were outstanding,' with no balance disclosed." }, "cited_ids": [ "#/tables/25", "#/texts/1373" ], "context_chars": [ 598, 626, 5574, 781, 84, 2104, 566, 2526, 628, 636 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The Consolidated Balance Sheet at December 31, 2025 contains no convertible debt/convertible notes line item, and no such balance is disclosed in the provided context." }, "answer": "The Consolidated Balance Sheet at December 31, 2025 contains no convertible debt/convertible notes line item, and no such balance is disclosed in the provided context.", "retrieved": [ { "page": 94, "score": 0.0698, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 94, "score": 0.0597, "chunk_id": "t25-line-31", "chunk_type": "line_item" }, { "page": 116, "score": 0.0476, "chunk_id": "#/texts/1241", "chunk_type": "text" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 94, "score": 0.047, "chunk_id": "t25-line-8", "chunk_type": "line_item" }, { "page": 116, "score": 0.0455, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 131, "score": 0.0449, "chunk_id": "t62-line-7", "chunk_type": "line_item" }, { "page": 131, "score": 0.0443, "chunk_id": "t62-line-9", "chunk_type": "line_item" }, { "page": 66, "score": 0.0435, "chunk_id": "t8-line-14", "chunk_type": "line_item" }, { "page": 66, "score": 0.0417, "chunk_id": "t8-line-13", "chunk_type": "line_item" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.07515007558495107, "left": 0.07107843137254902, "right": 0.92771901648029, "bottom": 0.8859934180673926 }, "note": null, "page": 94, "text": null, "chart": null, "label": "Page 94, table", "ref_id": "#/tables/25", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 11.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$327,750", "unit": "USD thousands \u2014 Series A cumulative redeemable preferred stock liquidation preference (13,110,000 shares at $25.00 per share); note the balance sheet carrying (par) amount of this line is 131 thousand", "period": "December 31, 2025", "label": null, "source_id": null, "number": "327750" }, "cited_ids": [ "t25-line-30", "t25-30-0", "t25-30-1" ], "error": null, "index": 14, "question": "Find Balance Sheet: : Preferred equity (millions). Return Q4 2025 value", "n_cands": 42, "cand_chars": 84492, "picks": 2, "context_ids": [ "t25-line-30", "t25-line-30", "#/pictures/1", "#/tables/59", "figure-values-p61" ], "context_chars": [ 772, 2834, 1150, 2177, 2104 ], "resolved": [ { "table": "#/tables/25", "row": 30, "cell": "t25-30-1" }, { "table": "#/tables/59", "row": null, "whole": false, "not_found": "The table shows Series A Preferred Stock Dividends detail by payment date, not a Balance Sheet line item for Preferred equity. The question asks for a Balance Sheet figure (Preferred equity in millions as of Q4 2025), but this table only contains dividend payment information. No row in this table represents the balance sheet preferred equity value." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$327,750", "unit": "thousands (Series A cumulative redeemable preferred stock liquidation preference; 13,110,000 shares at $25.00 per share) \u2014 carried at $131 thousand par value on the balance sheet", "period": "December 31, 2025", "label": null, "source_id": null, "number": "327750" }, "cited_ids": [ "t25-line-30", "t25-30-0", "t25-30-1", "t9-line-2", "t9-2-1" ], "context_chars": [ 772, 5574, 1150, 2177, 2104, 2208, 603, 360, 9226, 2526 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD thousands (Series A cumulative redeemable preferred stock liquidation preference, $25.00 per share; carried at $131 par value on the balance sheet)", "label": null, "value": "$327,750", "number": "327750", "period": "December 31, 2025", "source_id": null }, "answer": "$327,750", "retrieved": [ { "page": 9, "score": 0.0663, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 128, "score": 0.0641, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 94, "score": 0.0624, "chunk_id": "t25-line-30", "chunk_type": "line_item" }, { "page": 94, "score": 0.0623, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 61, "score": 0.0522, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 128, "score": 0.0514, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 94, "score": 0.0493, "chunk_id": "t25-line-37", "chunk_type": "line_item" }, { "page": 66, "score": 0.0476, "chunk_id": "t9-line-2", "chunk_type": "line_item" }, { "page": 116, "score": 0.0471, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 116, "score": 0.0455, "chunk_id": "t43-line-23", "chunk_type": "line_item" } ], "references": [ { "col": 0, "row": 30, "bbox": { "top": 0.6889393353703046, "left": 0.10478757721146727, "right": 0.610614602082695, "bottom": 0.728796448370423 }, "note": null, "page": 94, "text": "Series A cumulative redeemable preferred stock, (13,110,000 shares issued and outstanding as of December 31, 2025 and December 31, 2024); liquidation preference of $327,750, or $25.00 per share", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-30-0", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 30, "bbox": { "top": 0.7162121088817867, "left": 0.7536895353030535, "right": 0.7757483588324653, "bottom": 0.728796448370423 }, "note": null, "page": 94, "text": "131", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-30-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 2, "bbox": { "top": 0.6191427828085543, "left": 0.7392581615572661, "right": 0.7904477088279973, "bottom": 0.6303288623540089 }, "note": null, "page": 66, "text": "(327,750)", "chart": null, "label": "Page 66.table, cell \u2014 reconciled", "ref_id": "t9-2-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1,225,204", "unit": "thousands of USD (amounts in thousands)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1225204" }, "cited_ids": [ "t25-37-1", "t27-26-10" ], "error": null, "index": 15, "question": "Find Balance Sheet: : Total equity (millions). Return Q4 2025 value", "n_cands": 47, "cand_chars": 81203, "picks": 2, "context_ids": [ "t25-line-37", "t27-line-26", "#/pictures/1", "#/tables/58", "#/tables/59" ], "context_chars": [ 2665, 1199, 1150, 2208, 2177 ], "resolved": [ { "table": "#/tables/25", "row": 37, "cell": "t25-37-1" }, { "table": "#/tables/58", "row": null, "whole": false, "not_found": "The question asks for \"Total equity (millions)\" from a Balance Sheet for Q4 2025, but this table only shows dividend information for 2025 and 2024. Total equity is a balance sheet line item, not a dividend figure. This table does not contain the requested figure." }, { "table": "#/tables/59", "row": null, "whole": false, "not_found": "The table shows Series A Preferred Stock Dividends detail by payment date, not a Balance Sheet with Total equity figures. The question asks for \"Total equity (millions)\" for Q4 2025, which is not present in this dividend table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1,225,204", "unit": "$ thousands (Total Equity)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1225204" }, "cited_ids": [ "t25-37-1", "#/tables/25", "t27-26-10" ], "context_chars": [ 5574, 1199, 1150, 2208, 2177, 530, 2104, 525, 2526, 9226 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of U.S. dollars (total equity)", "label": null, "value": "1,225,204", "number": "1225204", "period": "December 31, 2025", "source_id": null }, "answer": "1,225,204", "retrieved": [ { "page": 9, "score": 0.0749, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 128, "score": 0.0673, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 94, "score": 0.0571, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 128, "score": 0.056, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 128, "score": 0.0476, "chunk_id": "t58-line-12", "chunk_type": "line_item" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 128, "score": 0.0455, "chunk_id": "t58-line-6", "chunk_type": "line_item" }, { "page": 116, "score": 0.0435, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 116, "score": 0.04, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 66, "score": 0.04, "chunk_id": "t9-line-3", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 37, "bbox": { "top": 0.8573105937302715, "left": 0.7169248294207006, "right": 0.7757483588324653, "bottom": 0.8698949332189079 }, "note": null, "page": 94, "text": "1,225,204", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-37-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 6,464,643", "unit": "thousands of USD", "period": "December 31, 2025", "label": null, "source_id": null, "number": "6464643" }, "cited_ids": [ "t25-38-1", "t25-line-38" ], "error": null, "index": 16, "question": "Find Balance Sheet: : Total Liabilities & Equity. Return Q4 2025 value", "n_cands": 36, "cand_chars": 73956, "picks": 1, "context_ids": [ "t25-line-38", "#/pictures/1", "t55-line-13", "#/tables/58" ], "context_chars": [ 2685, 1150, 390, 2208 ], "resolved": [ { "table": "#/tables/25", "row": 38, "cell": "t25-38-1" }, { "table": "#/tables/58", "row": null, "whole": false, "not_found": "The table shows dividend information for 2025 and 2024. It does not contain Balance Sheet data or Total Liabilities & Equity figures. 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Return Q4 2025 value", "n_cands": 54, "cand_chars": 83105, "picks": 3, "context_ids": [ "#/texts/789", "#/texts/123", "#/texts/131", "#/pictures/4", "#/texts/709", "#/texts/871" ], "context_chars": [ 364, 1681, 155, 996, 243, 796 ], "resolved": [], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "74%", "unit": "% of secured financing (Non-Mark-to-Market)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "74" }, "cited_ids": [ "#/texts/131", "#/texts/709", "#/texts/123", "fv-64" ], "context_chars": [ 364, 1681, 155, 996, 243, 796, 2983, 2104, 9226, 2021 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "percentage of secured financing that is Non-Mark-to-Market", "label": null, "value": "74%", "number": "74", "period": "As of December 31, 2025", "source_id": null }, "answer": "74%", "retrieved": [ { "page": 11, "score": 0.0677, "chunk_id": "#/pictures/4", "chunk_type": "picture" }, { "page": 73, "score": 0.0652, "chunk_id": "#/texts/789", "chunk_type": "text" }, { "page": 63, "score": 0.063, "chunk_id": "#/texts/709", "chunk_type": "text" }, { "page": 10, "score": 0.0627, "chunk_id": "#/texts/123", "chunk_type": "text" }, { "page": 11, "score": 0.0598, "chunk_id": "#/texts/131", "chunk_type": "text" }, { "page": 81, "score": 0.0595, "chunk_id": "#/texts/871", "chunk_type": "text" }, { "page": 73, "score": 0.0586, "chunk_id": "#/tables/15", "chunk_type": "table" }, { "page": 61, "score": 0.0583, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 116, "score": 0.0567, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 74, "score": 0.0465, "chunk_id": "#/texts/797", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.8006425328282828, "left": 0.11029411764705882, "right": 0.908316977124183, "bottom": 0.8110317961567963 }, "note": null, "page": 63, "text": null, "chart": null, "label": "Page 63", "ref_id": "#/texts/709", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.2546829873737374, "left": 0.08088235294117647, "right": 0.9230391993464057, "bottom": 0.28022376585376596 }, "note": null, "page": 11, "text": null, "chart": null, "label": "Page 11", "ref_id": "#/texts/131", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.7412990984848484, "left": 0.08088235294117647, "right": 0.9232026143790848, "bottom": 0.9335065436315438 }, "note": null, "page": 10, "text": null, "chart": null, "label": "Page 10", "ref_id": "#/texts/123", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.8627946127946129, "left": 0.6285403050108932, "right": 0.6661220043572984, "bottom": 0.8775252525252525 }, "note": null, "page": 11, "text": "74%", "chart": "Outstanding Financing (1)", "label": "Page 11", "ref_id": "fv-64", "status": "reconciled", "flagged": false, "segment": "Non-Mark-to-Market", "ref_type": "figureValue" } ] }, "seconds": 7.3 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "26%", "unit": "percent of total secured financing subject only to credit marks (three master repurchase agreements)", "period": "as of December 31, 2025", "label": null, "source_id": null, "number": "26" }, "cited_ids": [ "#/texts/871", "#/texts/789", "#/texts/123" ], "error": null, "index": 18, "question": "Find Balance Sheet: : Credit-mark only (Secured Financing Mark-to-Credit-Only % (complement of Non-Mark-to-Market bullet)). Return Q4 2025 value", "n_cands": 50, "cand_chars": 70167, "picks": 3, "context_ids": [ "#/texts/789", "#/texts/871", "#/texts/131", "#/tables/15", "#/texts/123", "#/pictures/4" ], "context_chars": [ 364, 796, 155, 2983, 1681, 996 ], "resolved": [ { "table": "#/tables/15", "row": null, "whole": false, "not_found": "The question asks for \"Credit-mark only (Secured Financing Mark-to-Credit-Only %)\" which would be a calculated percentage representing the complement of Non-Mark-to-Market items. This table shows only one Mark-to-Credit item (Master Repurchase Agreements in row 1), while the remaining items are Non-Mark-to-Market. The requested figure would require arithmetic across multiple rows to calculate a percentage, which violates the rule that figures requiring arithmetic across rows should be declined." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "26%", "unit": "% of total secured financing (master repurchase agreements subject only to credit marks)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "26" }, "cited_ids": [ "#/texts/871", "#/texts/789", "#/texts/123" ], "context_chars": [ 364, 796, 155, 2983, 1681, 996, 9226, 2021, 243, 5108 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "percent of total secured financing subject only to credit marks", "label": null, "value": "26%", "number": "26", "period": "as of December 31, 2025", "source_id": null }, "answer": "26%", "retrieved": [ { "page": 73, "score": 0.0839, "chunk_id": "#/tables/15", "chunk_type": "table" }, { "page": 73, "score": 0.081, "chunk_id": "#/texts/789", "chunk_type": "text" }, { "page": 10, "score": 0.0792, "chunk_id": "#/texts/123", "chunk_type": "text" }, { "page": 81, "score": 0.0787, "chunk_id": "#/texts/871", "chunk_type": "text" }, { "page": 11, "score": 0.0757, "chunk_id": "#/pictures/4", "chunk_type": "picture" }, { "page": 116, "score": 0.0694, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 74, "score": 0.0623, "chunk_id": "#/texts/797", "chunk_type": "text" }, { "page": 63, "score": 0.0597, "chunk_id": "#/texts/709", "chunk_type": "text" }, { "page": 148, "score": 0.049, "chunk_id": "#/tables/75", "chunk_type": "table" }, { "page": 116, "score": 0.0479, "chunk_id": "t43-line-23", "chunk_type": "line_item" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.49470820202020194, "left": 0.08088235294117647, "right": 0.9230718954248367, "bottom": 0.5354004956517459 }, "note": null, "page": 73, "text": null, "chart": null, "label": "Page 73", "ref_id": "#/texts/789", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.7412990984848484, "left": 0.08088235294117647, "right": 0.9232026143790848, "bottom": 0.9335065436315438 }, "note": null, "page": 10, "text": null, "chart": null, "label": "Page 10", "ref_id": "#/texts/123", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.14622335353535354, "left": 0.08088235294117647, "right": 0.9231862745098037, "bottom": 0.2323701926214427 }, "note": null, "page": 81, "text": null, "chart": null, "label": "Page 81", "ref_id": "#/texts/871", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 9.1 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The retrieved context does not contain a balance sheet line item labeled 'Credit & spread marks.' 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The closest disclosures are the allowance for credit losses of $(201,924) thousand at December 31, 2025 (chunk #/tables/31) and a CECL allowance of $204.1 million noted in the portfolio chart footnote (#/pictures/1), neither of which is presented as 'credit & spread marks.'", "retrieved": [ { "page": 9, "score": 0.0638, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 109, "score": 0.057, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 61, "score": 0.0565, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 116, "score": 0.0558, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 128, "score": 0.0549, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 109, "score": 0.0533, "chunk_id": "t31-line-19", "chunk_type": "line_item" }, { "page": 103, "score": 0.0491, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 109, "score": 0.0476, "chunk_id": "t31-line-10", "chunk_type": "line_item" }, { "page": 128, "score": 0.0457, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 116, "score": 0.0455, "chunk_id": "t43-line-23", "chunk_type": "line_item" } ], "references": [] }, "seconds": 10.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.2x", "unit": "ratio (debt-to-equity, times)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.2" }, "cited_ids": [ "t17-line-1", "t17-1-1" ], "error": null, "index": 20, "question": "Find Balance Sheet: : Recourse leverage (Financing Leverage Ratios Summary: Debt-To-Equity Ratio(3)). Return Q4 2025 value", "n_cands": 48, "cand_chars": 111750, "picks": 2, "context_ids": [ "t17-line-1", "t17-line-1", "t17-line-2", "#/tables/43", "t19-line-3" ], "context_chars": [ 625, 480, 478, 9226, 386 ], "resolved": [ { "table": "#/tables/17", "row": 1, "cell": "t17-1-1" }, { "table": "#/tables/43", "row": null, "whole": false, "not_found": "The question asks for a \"Recourse leverage (Financing Leverage Ratios Summary: Debt-To-Equity Ratio)\" figure from a Balance Sheet or Financing Leverage Ratios Summary table. The provided table is Note 5 on Debt Obligations, which details individual debt facilities and their carrying values. It does not contain leverage ratios, debt-to-equity calculations, or financing leverage ratio summaries. This figure would appear in a different table or section of the financial document." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.2x", "unit": "ratio (times)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.2" }, "cited_ids": [ "t17-1-1", "t17-line-1" ], "context_chars": [ 775, 480, 478, 9226, 386, 2207, 376, 2202, 5574, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "ratio (times)", "label": null, "value": "2.2x", "number": "2.2", "period": "December 31, 2025", "source_id": null }, "answer": "2.2x", "retrieved": [ { "page": 82, "score": 0.0688, "chunk_id": "#/tables/17", "chunk_type": "table" }, { "page": 82, "score": 0.0623, "chunk_id": "t17-line-2", "chunk_type": "line_item" }, { "page": 116, "score": 0.0604, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 82, "score": 0.0554, "chunk_id": "t19-line-3", "chunk_type": "line_item" }, { "page": 116, "score": 0.0546, "chunk_id": "t43-line-19", "chunk_type": "line_item" }, { "page": 82, "score": 0.0536, "chunk_id": "t18-line-4", "chunk_type": "line_item" }, { "page": 82, "score": 0.0533, "chunk_id": "t17-line-1", "chunk_type": "line_item" }, { "page": 116, "score": 0.053, "chunk_id": "t43-line-21", "chunk_type": "line_item" }, { "page": 94, "score": 0.0493, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" } ], "references": [ { "col": 1, "row": 1, "bbox": { "top": 0.14981202404908459, "left": 0.7204902000676573, "right": 0.8708169974532782, "bottom": 0.16099810359453914 }, "note": null, "page": 82, "text": "2.2x", "chart": null, "label": "Page 82.table, cell \u2014 reconciled", "ref_id": "t17-1-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "3.9x", "unit": "total leverage ratio (times)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "3.9" }, "cited_ids": [ "t17-line-2", "t17-2-1" ], "error": null, "index": 21, "question": "Find Balance Sheet: : Total leverage (Financing Leverage Ratios Summary: Total Leverage Ratio(4)). Return Q4 2025 value", "n_cands": 48, "cand_chars": 73729, "picks": 2, "context_ids": [ "t17-line-2", "t17-line-2", "#/tables/43", "t43-line-20", "t43-line-19" ], "context_chars": [ 623, 478, 9226, 2201, 2207 ], "resolved": [ { "table": "#/tables/17", "row": 2, "cell": "t17-2-1" }, { "table": "#/tables/43", "row": null, "whole": false, "not_found": "The question asks for \"Total Leverage Ratio\" from a \"Financing Leverage Ratios Summary\" which is not present in this table. This table (Note 5. Debt Obligations) shows debt facility details and outstanding principal amounts, but does not contain leverage ratio calculations or summaries. The requested figure would be found in a different table or section of the financial document." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "3.9x", "unit": "ratio (total leverage: debt agreements, secured term loan and CLOs, less cash, to stockholders' equity)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "3.9" }, "cited_ids": [ "t17-line-2", "t17-2-1", "#/tables/17", "#/texts/138" ], "context_chars": [ 775, 478, 9226, 2201, 2207, 386, 1150, 480, 340, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "ratio (total outstanding debt agreements, secured term loan, and collateralized loan obligations, less cash, to KREF's stockholders' equity)", "label": null, "value": "3.9x", "number": "3.9", "period": "December 31, 2025", "source_id": null }, "answer": "3.9x", "retrieved": [ { "page": 116, "score": 0.0661, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 82, "score": 0.0637, "chunk_id": "t17-line-2", "chunk_type": "line_item" }, { "page": 82, "score": 0.0623, "chunk_id": "#/tables/17", "chunk_type": "table" }, { "page": 116, "score": 0.0552, "chunk_id": "t43-line-20", "chunk_type": "line_item" }, { "page": 116, "score": 0.0549, "chunk_id": "t43-line-19", "chunk_type": "line_item" }, { "page": 82, "score": 0.0526, "chunk_id": "t19-line-3", "chunk_type": "line_item" }, { "page": 9, "score": 0.0505, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 82, "score": 0.0485, "chunk_id": "t17-line-1", "chunk_type": "line_item" }, { "page": 12, "score": 0.0479, "chunk_id": "#/texts/138", "chunk_type": "text" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" } ], "references": [ { "col": 1, "row": 2, "bbox": { "top": 0.16591050889756945, "left": 0.7204902000676573, "right": 0.8708169974532782, "bottom": 0.17709658844302398 }, "note": null, "page": 82, "text": "3.9x", "chart": null, "label": "Page 82.table, cell \u2014 reconciled", "ref_id": "t17-2-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.17652638383838384, "left": 0.08088235294117647, "right": 0.9232026307189544, "bottom": 0.21721867746992754 }, "note": null, "page": 12, "text": null, "chart": null, "label": "Page 12", "ref_id": "#/texts/138", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 11.5 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 5,361,863", "unit": "USD in thousands (outstanding principal of senior loans held-for-investment)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "5361863" }, "cited_ids": [ "t30-3-1", "t11-2-1" ], "error": null, "index": 22, "question": "Find Funded Commitments (millions) (Loan Portfolio: Total/Weighted Average Outstanding Principal) ($ value) (Note 3. Commercial Real Estate Loans). Return Q4 2025 value", "n_cands": 36, "cand_chars": 107539, "picks": 2, "context_ids": [ "t11-line-4", "t11-line-2", "#/tables/12", "#/tables/30", "t31-line-11" ], "context_chars": [ 742, 1108, 18197, 2401, 610 ], "resolved": [ { "table": "#/tables/11", "row": 2, "cell": "t11-2-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"Funded Commitments (millions)\" which would be a summary/aggregate figure across the entire loan portfolio, not a single row item. The table shows individual senior loans with their outstanding principal amounts in column 7, but the question appears to be asking for a total or weighted average figure that would require aggregation across multiple rows or would appear in a summary section not present in this table." }, { "table": "#/tables/30", "row": null, "whole": false, "not_found": "The question asks for \"Funded Commitments\" which is not a line item present in this table. The table shows Commercial Real Estate Loans with Outstanding Principal, Amortized Cost, Carrying Value, Loan Count, and various weighted average metrics, but does not contain a \"Funded Commitments\" row or column." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 5,361.9", "unit": "millions (outstanding principal/investment amount)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "5361.9" }, "cited_ids": [ "t13-18-7", "#/tables/13" ], "context_chars": [ 742, 2325, 18197, 2401, 610, 602, 1534, 1534, 916, 15745 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "millions of USD (outstanding principal/investment amount)", "label": null, "value": "$ 5,361.9", "number": "5361.9", "period": "As of December 31, 2025", "source_id": null }, "answer": "$ 5,361.9", "retrieved": [ { "page": 68, "score": 0.067, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 69, "score": 0.061, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0572, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 109, "score": 0.0533, "chunk_id": "t31-line-11", "chunk_type": "line_item" }, { "page": 109, "score": 0.0512, "chunk_id": "t31-line-2", "chunk_type": "line_item" }, { "page": 109, "score": 0.0504, "chunk_id": "t30-line-6", "chunk_type": "line_item" }, { "page": 109, "score": 0.0501, "chunk_id": "t30-line-3", "chunk_type": "line_item" }, { "page": 68, "score": 0.0476, "chunk_id": "t11-line-4", "chunk_type": "line_item" }, { "page": 68, "score": 0.0464, "chunk_id": "t11-line-8", "chunk_type": "line_item" }, { "page": 70, "score": 0.0455, "chunk_id": "#/tables/13", "chunk_type": "table" } ], "references": [ { "col": 7, "row": 18, "bbox": { "top": 0.5063126009274153, "left": 0.532676773841935, "right": 0.5855479770236545, "bottom": 0.5171696781332976 }, "note": null, "page": 70, "text": "$ 5,361.9", "chart": null, "label": "Page 70.table, cell \u2014 reconciled", "ref_id": "t13-18-7", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 18, "bbox": { "top": 0.49454792496425654, "left": 0.08097221875431562, "right": 0.16024498024372139, "bottom": 0.5171696781332976 }, "note": null, "page": 70, "text": "Total/Weighted Average Senior Loans Unlevered", "chart": null, "label": "Page 70.table, cell \u2014 reconciled", "ref_id": "t13-18-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.3 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "418,176", "unit": "$ in thousands (Future funding obligations 413,852 + CMBS investments 4,324 \u2248 $418.2 million)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "418176" }, "cited_ids": [ "t22-11-1", "t22-12-1", "#/tables/22" ], "error": null, "index": 23, "question": "Find Unfunded Commitments (millions) (Contractual Obligations: Future Funding Obligations + Equity Method Investment, CMBS B-Pieces). Return Q4 2025 value", "n_cands": 59, "cand_chars": 109142, "picks": 3, "context_ids": [ "t22-line-11", "t22-line-12", "#/tables/22", "#/texts/104", "t15-line-2", "#/tables/25" ], "context_chars": [ 1257, 585, 4463, 2088, 1144, 5574 ], "resolved": [ { "table": "#/tables/22", "row": null, "whole": false, "not_found": "The question asks for \"Unfunded Commitments\" which should be calculated as Future Funding Obligations + Equity Method Investment CMBS B-Pieces. While the table contains Future Funding Obligations (row 11) and CMBS investments (row 12), the question requires arithmetic across multiple rows to derive the unfunded commitments figure. Additionally, the table does not contain a separate line item for \"Equity Method Investment, CMBS B-Pieces\" - only \"CMBS investments\" is shown. The question requires computation across rows, which violates the rules." }, { "table": "#/tables/25", "row": null, "whole": false, "not_found": "The question asks for \"Unfunded Commitments\" which requires combining \"Contractual Obligations: Future Funding Obligations\" and \"Equity Method Investment, CMBS B-Pieces.\" While \"Equity Method Investment, CMBS B-Pieces\" appears in row 9 (t25-9-1), the \"Contractual Obligations: Future Funding Obligations\" component is not present in this balance sheet table. This figure would require arithmetic across multiple sources or information from a different section of the financial document (likely a commitments and contingencies note or cash flow statement). The balance sheet alone does not contain the complete data needed to answer this question." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "418.2", "unit": "$ in millions (413,852 + 4,324 = 418,176 thousands: future funding obligations plus CMBS investment commitments)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "418.2" }, "cited_ids": [ "t22-11-1", "t22-12-1", "#/tables/22" ], "context_chars": [ 1257, 585, 4463, 2088, 1144, 5574, 9226, 656, 1114, 3116 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD in millions (future funding obligations $413,852K + CMBS investment commitments $4,324K = $418,176K)", "label": null, "value": "$418.2", "number": "418.2", "period": "As of December 31, 2025", "source_id": null }, "answer": "$418.2", "retrieved": [ { "page": 84, "score": 0.0733, "chunk_id": "#/tables/22", "chunk_type": "table" }, { "page": 84, "score": 0.0639, "chunk_id": "t22-line-11", "chunk_type": "line_item" }, { "page": 84, "score": 0.0574, "chunk_id": "t22-line-12", "chunk_type": "line_item" }, { "page": 8, "score": 0.0572, "chunk_id": "#/texts/104", "chunk_type": "text" }, { "page": 73, "score": 0.0546, "chunk_id": "t15-line-2", "chunk_type": "line_item" }, { "page": 94, "score": 0.0542, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 116, "score": 0.0536, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 81, "score": 0.053, "chunk_id": "#/texts/874", "chunk_type": "text" }, { "page": 73, "score": 0.0509, "chunk_id": "t15-line-9", "chunk_type": "line_item" }, { "page": 38, "score": 0.0476, "chunk_id": "#/texts/447", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 11, "bbox": { "top": 0.32594838768544826, "left": 0.42498041290083743, "right": 0.46746407303155635, "bottom": 0.3371344672309028 }, "note": null, "page": 84, "text": "413,852", "chart": null, "label": "Page 84.table, cell \u2014 reconciled", "ref_id": "t22-11-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 12, "bbox": { "top": 0.34204687253393307, "left": 0.43805230832567404, "right": 0.46746407303155635, "bottom": 0.35323295207938765 }, "note": null, "page": 84, "text": "4,324", "chart": null, "label": "Page 84.table, cell \u2014 reconciled", "ref_id": "t22-12-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 21.7 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The context does not disclose any amount of securities (or carrying value of assets) subject to CECL. It only provides the allowance for credit losses ($204.1 million / $204,125 thousand at December 31, 2025) and the CECL provision ($119.4 million for FY 2025) related to commercial real estate loans and unfunded loan commitments." }, "cited_ids": [], "error": null, "index": 24, "question": "Find CECL (Current Expected Credit Losses): : Securities Subject to CECL (millions). Return Q4 2025 value", "n_cands": 55, "cand_chars": 103737, "picks": 3, "context_ids": [ "#/texts/1196", "#/tables/35", "t35-line-6", "#/texts/346", "#/texts/1099", "#/texts/915" ], "context_chars": [ 291, 1554, 549, 1731, 932, 983 ], "resolved": [ { "table": "#/tables/35", "row": null, "whole": false, "not_found": "The question asks for \"CECL (Current Expected Credit Losses): Securities Subject to CECL (millions)\" for Q4 2025, but the table provided shows \"Allowance for Credit Losses\" for \"Commercial Real Estate Loans\" and \"Unfunded Loan Commitments\" only. This table does not contain data about securities subject to CECL. The requested figure is not in this table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The context does not disclose an amount of securities (or assets) subject to CECL. It only reports the CECL allowance for credit losses of $204.1 million and the CECL provision of $119.4 million for the year ended December 31, 2025, plus loan-level allowance rollforward figures." }, "cited_ids": [], "context_chars": [ 291, 1554, 549, 1731, 932, 983, 1248, 1150, 277, 686 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The context does not disclose an amount of securities subject to CECL; it only reports the CECL allowance for credit losses on commercial real estate loans ($204.1 million as of December 31, 2025) and the related $119.4 million provision." }, "answer": "The context does not disclose an amount of securities subject to CECL; it only reports the CECL allowance for credit losses on commercial real estate loans ($204.1 million as of December 31, 2025) and the related $119.4 million provision.", "retrieved": [ { "page": 29, "score": 0.0871, "chunk_id": "#/texts/346", "chunk_type": "text" }, { "page": 103, "score": 0.0835, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 85, "score": 0.0817, "chunk_id": "#/texts/915", "chunk_type": "text" }, { "page": 111, "score": 0.0584, "chunk_id": "#/texts/1196", "chunk_type": "text" }, { "page": 91, "score": 0.0567, "chunk_id": "#/texts/976", "chunk_type": "text" }, { "page": 9, "score": 0.0529, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 112, "score": 0.0507, "chunk_id": "#/texts/1206", "chunk_type": "text" }, { "page": 85, "score": 0.0506, "chunk_id": "#/texts/917", "chunk_type": "text" }, { "page": 63, "score": 0.0498, "chunk_id": "#/texts/701", "chunk_type": "text" }, { "page": 85, "score": 0.0497, "chunk_id": "#/texts/916", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.555819313131313, "left": 0.08088235294117647, "right": 0.9231372549019611, "bottom": 0.596511606762857 }, "note": null, "page": 111, "text": null, "chart": null, "label": "Page 111", "ref_id": "#/texts/1196", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.5258950833333333, "left": 0.11029411764705882, "right": 0.9231862908496735, "bottom": 0.5665873769648772 }, "note": null, "page": 63, "text": null, "chart": null, "label": "Page 63", "ref_id": "#/texts/701", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 13.1 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,201", "unit": "thousands of U.S. dollars (allowance for credit losses on unfunded loan commitments)", "period": "Balance at December 31, 2025", "label": null, "source_id": null, "number": "2201" }, "cited_ids": [ "t35-line-8", "t35-8-2", "t55-line-10", "t55-10-1" ], "error": null, "index": 25, "question": "Find CECL (Current Expected Credit Losses): : Unfunded General Reserve (millions). Return Q4 2025 value", "n_cands": 59, "cand_chars": 101486, "picks": 2, "context_ids": [ "t35-line-8", "t55-line-10", "#/texts/1099", "#/texts/346", "#/texts/915" ], "context_chars": [ 935, 431, 932, 1731, 983 ], "resolved": [ { "table": "#/tables/35", "row": 8, "cell": "t35-8-2" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,201", "unit": "USD thousands \u2014 allowance for credit losses on unfunded loan commitments (i.e., $2.2 million)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "2201" }, "cited_ids": [ "t35-8-2", "#/tables/35", "t55-10-1", "t55-line-10" ], "context_chars": [ 1554, 431, 932, 1731, 983, 1150, 788, 291, 686, 277 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The context reports only the total allowance for credit losses of $204.1 million as of December 31, 2025; it does not disclose the separate unfunded loan commitment general reserve component." }, "answer": "The context reports only the total allowance for credit losses of $204.1 million as of December 31, 2025; it does not disclose the separate unfunded loan commitment general reserve component.", "retrieved": [ { "page": 103, "score": 0.0833, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 29, "score": 0.0825, "chunk_id": "#/texts/346", "chunk_type": "text" }, { "page": 85, "score": 0.0819, "chunk_id": "#/texts/915", "chunk_type": "text" }, { "page": 9, "score": 0.0641, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 85, "score": 0.0627, "chunk_id": "#/texts/916", "chunk_type": "text" }, { "page": 111, "score": 0.0625, "chunk_id": "#/texts/1196", "chunk_type": "text" }, { "page": 85, "score": 0.061, "chunk_id": "#/texts/917", "chunk_type": "text" }, { "page": 112, "score": 0.0547, "chunk_id": "#/texts/1206", "chunk_type": "text" }, { "page": 91, "score": 0.054, "chunk_id": "#/texts/976", "chunk_type": "text" }, { "page": 63, "score": 0.0534, "chunk_id": "#/texts/701", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.555819313131313, "left": 0.08088235294117647, "right": 0.9231372549019611, "bottom": 0.596511606762857 }, "note": null, "page": 111, "text": null, "chart": null, "label": "Page 111", "ref_id": "#/texts/1196", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.5258950833333333, "left": 0.11029411764705882, "right": 0.9231862908496735, "bottom": 0.5665873769648772 }, "note": null, "page": 63, "text": null, "chart": null, "label": "Page 63", "ref_id": "#/texts/701", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 10.1 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The context only discloses the allowance for credit losses on commercial real estate loans and unfunded loan commitments (total $204.1 million); it contains no separate CECL 'Securities General Reserve' line item." }, "cited_ids": [], "error": null, "index": 26, "question": "Find CECL (Current Expected Credit Losses): : Securities General Reserve (millions). Return Q4 2025 value", "n_cands": 56, "cand_chars": 109634, "picks": 3, "context_ids": [ "#/tables/35", "#/texts/1196", "#/texts/701", "#/texts/346", "#/texts/1099", "#/texts/915" ], "context_chars": [ 1554, 291, 461, 1731, 932, 983 ], "resolved": [ { "table": "#/tables/35", "row": null, "whole": false, "not_found": "The question asks for \"CECL (Current Expected Credit Losses): Securities General Reserve\" for Q4 2025, but this table only presents allowance for credit losses related to Commercial Real Estate Loans and Unfunded Loan Commitments. There is no row for Securities General Reserve in this table. The table does not contain the requested figure." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The context only discloses the allowance for credit losses on commercial real estate loans ($201,924 thousand) and unfunded loan commitments ($2,201 thousand), totaling $204.1 million as of December 31, 2025. No separate CECL general reserve for securities is presented in the retrieved context." }, "cited_ids": [ "#/tables/35", "#/texts/1196" ], "context_chars": [ 1554, 291, 461, 1731, 932, 983, 1150, 788, 686, 1248 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The context discloses only the total CECL allowance for credit losses on commercial real estate loans ($204.1 million as of December 31, 2025); no separate 'Securities General Reserve' component is presented." }, "answer": "The context discloses only the total CECL allowance for credit losses on commercial real estate loans ($204.1 million as of December 31, 2025); no separate 'Securities General Reserve' component is presented.", "retrieved": [ { "page": 29, "score": 0.0825, "chunk_id": "#/texts/346", "chunk_type": "text" }, { "page": 103, "score": 0.08, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 85, "score": 0.0774, "chunk_id": "#/texts/915", "chunk_type": "text" }, { "page": 9, "score": 0.0656, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 85, "score": 0.0625, "chunk_id": "#/texts/916", "chunk_type": "text" }, { "page": 111, "score": 0.061, "chunk_id": "#/texts/1196", "chunk_type": "text" }, { "page": 85, "score": 0.0589, "chunk_id": "#/texts/917", "chunk_type": "text" }, { "page": 91, "score": 0.054, "chunk_id": "#/texts/976", "chunk_type": "text" }, { "page": 112, "score": 0.0533, "chunk_id": "#/texts/1206", "chunk_type": "text" }, { "page": 63, "score": 0.0506, "chunk_id": "#/texts/701", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.555819313131313, "left": 0.08088235294117647, "right": 0.9231372549019611, "bottom": 0.596511606762857 }, "note": null, "page": 111, "text": null, "chart": null, "label": "Page 111", "ref_id": "#/texts/1196", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.5258950833333333, "left": 0.11029411764705882, "right": 0.9231862908496735, "bottom": 0.5665873769648772 }, "note": null, "page": 63, "text": null, "chart": null, "label": "Page 63", "ref_id": "#/texts/701", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 10.3 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "No separately disclosed 'specific' CECL reserve; the document reports only the total allowance for credit losses of $204.1 million ($201,924 thousand on commercial real estate loans and $2,201 thousand on unfunded loan commitments) at December 31, 2025." }, "cited_ids": [ "#/texts/1196", "t35-8-1", "t35-8-2", "t35-8-3" ], "error": null, "index": 27, "question": "Find CECL (Current Expected Credit Losses): : Specific CECL Reserve (millions) (Specific CECL Reserve (no split disclosed by KREF)). Return Q4 2025 value", "n_cands": 56, "cand_chars": 93015, "picks": 3, "context_ids": [ "#/texts/1196", "#/tables/35", "t31-line-19", "#/texts/1099", "#/texts/346", "#/texts/915" ], "context_chars": [ 291, 1554, 470, 932, 1731, 983 ], "resolved": [ { "table": "#/tables/35", "row": null, "whole": false, "not_found": "The table shows changes to the allowance for credit losses for Commercial Real Estate Loans, but does not contain a specific line item labeled \"CECL Reserve\" or \"Specific CECL Reserve.\" The table presents beginning balances, provisions, write-offs, and ending balances, but does not break out or separately disclose a specific CECL reserve component. The question asks for a specific reserve metric that is not presented as a distinct row in this table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "KREF does not disclose a split between specific and general CECL reserves; only a total allowance for credit losses is presented ($204.1 million / $204,125 thousand at December 31, 2025, comprising $201,924 on loans and $2,201 on unfunded commitments)." }, "cited_ids": [ "#/texts/1196", "#/tables/35", "t35-8-3" ], "context_chars": [ 291, 1554, 470, 932, 1731, 983, 9226, 1246, 788, 543 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "No separately disclosed 'specific' CECL reserve appears in the context; only the total allowance for credit losses of $204.1 million as of December 31, 2025 is reported." }, "answer": "No separately disclosed 'specific' CECL reserve appears in the context; only the total allowance for credit losses of $204.1 million as of December 31, 2025 is reported.", "retrieved": [ { "page": 103, "score": 0.0876, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 29, "score": 0.0768, "chunk_id": "#/texts/346", "chunk_type": "text" }, { "page": 85, "score": 0.0729, "chunk_id": "#/texts/915", "chunk_type": "text" }, { "page": 116, "score": 0.0667, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 104, "score": 0.062, "chunk_id": "#/texts/1106", "chunk_type": "text" }, { "page": 85, "score": 0.0604, "chunk_id": "#/texts/916", "chunk_type": "text" }, { "page": 103, "score": 0.0595, "chunk_id": "#/texts/1100", "chunk_type": "text" }, { "page": 111, "score": 0.0583, "chunk_id": "#/texts/1196", "chunk_type": "text" }, { "page": 85, "score": 0.0536, "chunk_id": "#/texts/917", "chunk_type": "text" }, { "page": 9, "score": 0.0516, "chunk_id": "#/pictures/1", "chunk_type": "picture" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.555819313131313, "left": 0.08088235294117647, "right": 0.9231372549019611, "bottom": 0.596511606762857 }, "note": null, "page": 111, "text": null, "chart": null, "label": "Page 111", "ref_id": "#/texts/1196", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.120356357458866, "left": 0.08142006319332747, "right": 0.9144297082439746, "bottom": 0.36175833808051217 }, "note": null, "page": 9, "text": null, "chart": null, "label": "Page 9", "ref_id": "#/pictures/1", "status": null, "flagged": false, "segment": null, "ref_type": "picture" } ] }, "seconds": 15.1 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$204.1 million", "unit": "total allowance for credit losses (CECL reserve), including $201,924 thousand on commercial real estate loans and $2,201 thousand on unfunded loan commitments", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "204.1" }, "cited_ids": [ "#/texts/1196", "t35-8-3", "t35-8-1", "t35-8-2" ], "error": null, "index": 28, "question": "Find CECL (Current Expected Credit Losses): Total CECL Reserve (millions). Return Q4 2025 value", "n_cands": 55, "cand_chars": 120242, "picks": 3, "context_ids": [ "#/texts/1196", "t35-line-8", "t71-line-24", "#/texts/346", "#/texts/915", "#/texts/1099" ], "context_chars": [ 291, 935, 1898, 1731, 983, 932 ], "resolved": [ { "table": "#/tables/35", "row": 8, "cell": "t35-8-3" }, { "table": "#/tables/71", "row": 24, "cell": "t71-24-6" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$204.1", "unit": "USD millions (total allowance for credit losses, including unfunded loan commitments)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "204.1" }, "cited_ids": [ "#/texts/1196", "t35-8-3", "#/pictures/1" ], "context_chars": [ 291, 1554, 6337, 1731, 983, 932, 1150, 788, 686, 277 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "millions (CECL allowance for credit losses)", "label": null, "value": "$204.1", "number": "204.1", "period": "As of December 31, 2025", "source_id": null }, "answer": "$204.1", "retrieved": [ { "page": 29, "score": 0.0855, "chunk_id": "#/texts/346", "chunk_type": "text" }, { "page": 85, "score": 0.077, "chunk_id": "#/texts/915", "chunk_type": "text" }, { "page": 103, "score": 0.0769, "chunk_id": "#/texts/1099", "chunk_type": "text" }, { "page": 9, "score": 0.0691, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 85, "score": 0.0657, "chunk_id": "#/texts/916", "chunk_type": "text" }, { "page": 111, "score": 0.0621, "chunk_id": "#/texts/1196", "chunk_type": "text" }, { "page": 85, "score": 0.0581, "chunk_id": "#/texts/917", "chunk_type": "text" }, { "page": 112, "score": 0.0544, "chunk_id": "#/texts/1206", "chunk_type": "text" }, { "page": 91, "score": 0.0535, "chunk_id": "#/texts/976", "chunk_type": "text" }, { "page": 63, "score": 0.0527, "chunk_id": "#/texts/701", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.555819313131313, "left": 0.08088235294117647, "right": 0.9231372549019611, "bottom": 0.596511606762857 }, "note": null, "page": 111, "text": null, "chart": null, "label": "Page 111", "ref_id": "#/texts/1196", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": null, "row": null, "bbox": { "top": 0.5258950833333333, "left": 0.11029411764705882, "right": 0.9231862908496735, "bottom": 0.5665873769648772 }, "note": null, "page": 63, "text": null, "chart": null, "label": "Page 63", "ref_id": "#/texts/701", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 10.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 5,361.9", "unit": "USD millions (senior loans / first mortgages outstanding principal amount)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "5361.9" }, "cited_ids": [ "t71-line-18", "t71-18-5", "t13-18-7", "t11-2-1" ], "error": null, "index": 29, "question": "Find Portfolio Details: : First mortgages, UPB (Unpaid Principal Balance) (millions) ($ value) (Note 3. Commercial Real Estate Loans). Return Q4 2025 value", "n_cands": 43, "cand_chars": 123497, "picks": 3, "context_ids": [ "#/tables/11", "t11-line-2", "t71-line-18", "#/tables/12", "#/tables/31", "#/tables/13" ], "context_chars": [ 2325, 745, 1962, 18197, 3327, 15745 ], "resolved": [ { "table": "#/tables/11", "row": null, "whole": false, "not_found": "The table shows \"Principal balance\" for the total loan portfolio, but does not break down figures specifically by \"First mortgages\" as a separate category. The question asks for a specific subset (first mortgages) that is not presented as a distinct row in this table. Additionally, the question references Note 3 to the consolidated financial statements, which is not included in this table excerpt." }, { "table": "#/tables/71", "row": 18, "cell": "t71-18-5" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"First mortgages, UPB (Unpaid Principal Balance)\" from \"Note 3. Commercial Real Estate Loans\" for Q4 2025. The table provided is titled \"Our Portfolio - Portfolio Information\" and contains Senior Loans with columns for Outstanding Principal/Investment Amount, but this is not the same as a detailed breakdown by loan type (first mortgages vs. other types) from a specific note section. The table does not organize data by \"first mortgages\" as a separate category, nor does it appear to be from Note 3. This would require a different table or note section from the financial document." }, { "table": "#/tables/31", "row": null, "whole": false, "not_found": "The question asks for \"First mortgages, UPB (Unpaid Principal Balance)\" but this table shows Commercial Real Estate Loans portfolio activity with amortized cost, allowance for credit losses, and carrying value. There is no breakdown by loan type (such as first mortgages vs. other types) in this table, and UPB is not a line item presented here. The table does not contain the specific portfolio detail requested." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The question asks for \"First mortgages, UPB (Unpaid Principal Balance)\" from \"Note 3. Commercial Real Estate Loans\" for Q4 2025. This table is an \"Investment Portfolio Summary\" that shows individual investments and their details. It does not contain a specific line item labeled \"First mortgages\" with UPB data, nor does it appear to be from Note 3. The table shows \"Senior Loans\" which may be related, but the question specifically references a different note and a different line item designation. The requested figure would require reference to a different table or note in the financial document." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 5,361.9", "unit": "USD millions \u2014 total senior loans (first mortgages) principal amount", "period": "December 31, 2025", "label": null, "source_id": null, "number": "5361.9" }, "cited_ids": [ "t71-18-5", "#/tables/71", "t11-2-1" ], "context_chars": [ 745, 2325, 6337, 18197, 3327, 15745, 470, 470, 5574, 1069 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "millions USD \u2014 outstanding principal amount of senior loans", "label": null, "value": "$ 5,361.9", "number": "5361.9", "period": "As of December 31, 2025", "source_id": null }, "answer": "$ 5,361.9", "retrieved": [ { "page": 69, "score": 0.0665, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0601, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 70, "score": 0.0502, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 109, "score": 0.0481, "chunk_id": "t31-line-10", "chunk_type": "line_item" }, { "page": 68, "score": 0.0473, "chunk_id": "t11-line-2", "chunk_type": "line_item" }, { "page": 109, "score": 0.0473, "chunk_id": "t31-line-19", "chunk_type": "line_item" }, { "page": 94, "score": 0.046, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 69, "score": 0.0455, "chunk_id": "t12-line-5", "chunk_type": "line_item" }, { "page": 68, "score": 0.0453, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 110, "score": 0.0446, "chunk_id": "#/texts/1189", "chunk_type": "text" } ], "references": [ { "col": 7, "row": 18, "bbox": { "top": 0.5063126009274153, "left": 0.532676773841935, "right": 0.5855479770236545, "bottom": 0.5171696781332976 }, "note": null, "page": 70, "text": "$ 5,361.9", "chart": null, "label": "Page 70.table, cell \u2014 reconciled", "ref_id": "t13-18-7", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.49139026680378, "left": 0.08517974030737784, "right": 0.9135457955154718, "bottom": 0.5027278553355824 }, "note": null, "page": 68, "text": null, "chart": null, "label": "Page 68", "ref_id": "t11-line-2", "status": null, "flagged": false, "segment": null, "ref_type": "line_item" } ] }, "seconds": 22.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$74.4 million", "unit": "mezzanine loan funded principal balance (on nonaccrual status)", "period": "as of December 31, 2025", "label": null, "source_id": null, "number": "74.4" }, "cited_ids": [ "#/texts/761", "#/texts/1567", "t11-2-3", "#/tables/11" ], "error": null, "index": 30, "question": "Find Portfolio Details: : Mezz (Mezzanine)/sub loans, UPB (Unpaid Principal Balance) (millions) (Mezzanine Loan Note (single loan, no separate portfolio total disclosed)). Return Q4 2025 value", "n_cands": 36, "cand_chars": 97553, "picks": 4, "context_ids": [ "#/texts/761", "#/texts/1567", "#/tables/11", "t11-line-2", "#/tables/12", "#/texts/781", "#/texts/99" ], "context_chars": [ 392, 339, 2325, 745, 18197, 646, 1251 ], "resolved": [ { "table": "#/tables/11", "row": null, "whole": false, "not_found": "The question asks for mezzanine/subordinated loan UPB as a separate portfolio figure, but the table only shows one mezzanine loan embedded within the total portfolio statistics. Footnote (A) indicates this is a single mezzanine loan ($74.4 million funded principal) accompanying a senior loan, not a separate portfolio total. The table does not disclose mezzanine loans as a distinct portfolio category with its own row." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided contains only Senior Loans. The question asks for Mezzanine/subordinated loans UPB (Unpaid Principal Balance), but no separate mezzanine loan portfolio section is displayed in this table. While footnote (A) mentions a mezzanine note as part of Senior Loan 6, the question specifically requests mezzanine loan portfolio details with a separate portfolio total, which is not disclosed in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$74.4", "unit": "USD millions (funded principal of mezzanine note, on nonaccrual)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "74.4" }, "cited_ids": [ "#/texts/761", "#/texts/1567", "t11-2-3" ], "context_chars": [ 392, 339, 2325, 745, 18197, 646, 1251, 642, 1150, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "outstanding/funded principal of the mezzanine loan (fixed rate), USD millions", "label": null, "value": "$74.4 million", "number": "74.4", "period": "As of December 31, 2025", "source_id": null }, "answer": "$74.4 million", "retrieved": [ { "page": 69, "score": 0.0703, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 72, "score": 0.0682, "chunk_id": "#/texts/781", "chunk_type": "text" }, { "page": 7, "score": 0.0656, "chunk_id": "#/texts/99", "chunk_type": "text" }, { "page": 1, "score": 0.0558, "chunk_id": "#/texts/1567", "chunk_type": "text" }, { "page": 110, "score": 0.0528, "chunk_id": "#/texts/1188", "chunk_type": "text" }, { "page": 68, "score": 0.0524, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 9, "score": 0.0466, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 68, "score": 0.0459, "chunk_id": "t11-line-2", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 68, "score": 0.0453, "chunk_id": "t11-line-1", "chunk_type": "line_item" } ], "references": [ { "col": null, "row": null, "bbox": null, "note": null, "page": 1, "text": null, "chart": null, "label": "Page 1", "ref_id": "#/texts/1567", "status": null, "flagged": false, "segment": null, "ref_type": "text" }, { "col": 3, "row": 2, "bbox": { "top": 0.49154177579012787, "left": 0.8008660210503472, "right": 0.9135457955154718, "bottom": 0.5027278553355824 }, "note": null, "page": 68, "text": "$ 74,400", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t11-2-3", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.1 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The provided context (portfolio bar charts, senior loan portfolio table, and Series A preferred dividend schedule) contains no 'Portfolio Details' line item for preferred equity as of Q4 2025." }, "cited_ids": [], "error": null, "index": 31, "question": "Find Portfolio Details: : Preferred equity (millions). Return Q4 2025 value", "n_cands": 43, "cand_chars": 80610, "picks": 0, "context_ids": [ "#/pictures/1", "#/tables/12", "#/tables/59" ], "context_chars": [ 1150, 18197, 2177 ], "resolved": [ { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows Senior Loans portfolio information only. There is no row for \"Preferred equity\" in this table. Preferred equity would be a separate investment type/category, not a line item within the Senior Loans section shown here." }, { "table": "#/tables/59", "row": null, "whole": false, "not_found": "The question asks for \"Preferred equity (millions)\" for Q4 2025, but this table shows Series A Preferred Stock Dividends with declaration dates, record dates, payment dates, and dividend amounts per share and in total. The table does not contain portfolio details or preferred equity values in millions. This is a dividend schedule, not a balance sheet or portfolio details table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "No line labeled \"Preferred equity (millions)\" appears in the retrieved portfolio-details context; the closest figure is the Series A preferred stock liquidation preference of $327,750 thousand ($327.8 million) shown in the Book Value Per Share table and on the balance sheet." }, "cited_ids": [ "t9-line-2", "t9-2-1", "t25-30-0" ], "context_chars": [ 1150, 18197, 2177, 360, 287, 2104, 2526, 2208, 1072, 5574 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The retrieved context contains no 'Portfolio Details' line item for preferred equity (in millions). The portfolio table (page 69) lists only senior loans with total whole loan, committed/outstanding principal and net equity amounts, and the only preferred-related figure available is the Series A preferred stock liquidation preference of $327,750 thousand on the balance sheet/book value per share tables, which is not a portfolio preferred equity investment balance." }, "answer": "The retrieved context contains no 'Portfolio Details' line item for preferred equity (in millions). The portfolio table (page 69) lists only senior loans with total whole loan, committed/outstanding principal and net equity amounts, and the only preferred-related figure available is the Series A preferred stock liquidation preference of $327,750 thousand on the balance sheet/book value per share tables, which is not a portfolio preferred equity investment balance.", "retrieved": [ { "page": 9, "score": 0.0931, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 69, "score": 0.0539, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 128, "score": 0.0538, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 66, "score": 0.0501, "chunk_id": "t9-line-2", "chunk_type": "line_item" }, { "page": 1, "score": 0.0501, "chunk_id": "#/texts/1736", "chunk_type": "text" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 116, "score": 0.0435, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 128, "score": 0.043, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 69, "score": 0.0417, "chunk_id": "t12-line-8", "chunk_type": "line_item" }, { "page": 94, "score": 0.0417, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [] }, "seconds": 11.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 505,230", "unit": "thousands of USD (consolidated variable interest entity assets, CMBS trust, at fair value)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "505230" }, "cited_ids": [ "t51-line-4", "t25-line-10" ], "error": null, "index": 32, "question": "Find Portfolio Details: : Securities, fair value (millions) (Consolidated VIE Assets, CMBS Trusts, at Fair Value). Return Q4 2025 value", "n_cands": 61, "cand_chars": 84414, "picks": 3, "context_ids": [ "t51-line-4", "t51-line-4", "t25-line-10", "#/texts/1283", "t51-line-6", "#/texts/1083" ], "context_chars": [ 1045, 588, 593, 877, 574, 1435 ], "resolved": [ { "table": "#/tables/51", "row": 4, "cell": "t51-4-1" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 505,230", "unit": "USD thousands (Consolidated variable interest entity assets, CMBS trust, at fair value)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "505230" }, "cited_ids": [ "t51-4-1", "t51-line-4", "#/tables/51", "t25-10-1" ], "context_chars": [ 588, 1325, 593, 877, 574, 1435, 775, 1150, 155, 453 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD in thousands (Consolidated variable interest entity assets, CMBS trust, at fair value)", "label": null, "value": "$ 505,230", "number": "505230", "period": "December 31, 2025", "source_id": null }, "answer": "$ 505,230", "retrieved": [ { "page": 121, "score": 0.0733, "chunk_id": "t51-line-4", "chunk_type": "line_item" }, { "page": 121, "score": 0.0713, "chunk_id": "#/texts/1283", "chunk_type": "text" }, { "page": 121, "score": 0.0702, "chunk_id": "#/tables/51", "chunk_type": "table" }, { "page": 121, "score": 0.0672, "chunk_id": "t51-line-6", "chunk_type": "line_item" }, { "page": 102, "score": 0.0577, "chunk_id": "#/texts/1083", "chunk_type": "text" }, { "page": 100, "score": 0.0541, "chunk_id": "#/texts/1058", "chunk_type": "text" }, { "page": 9, "score": 0.0532, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 123, "score": 0.0528, "chunk_id": "#/texts/1293", "chunk_type": "text" }, { "page": 134, "score": 0.0509, "chunk_id": "#/texts/1414", "chunk_type": "text" }, { "page": 123, "score": 0.0494, "chunk_id": "#/texts/1291", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 4, "bbox": { "top": 0.36462259774256234, "left": 0.6734150406581904, "right": 0.7860947652579913, "bottom": 0.37580867728801687 }, "note": null, "page": 121, "text": "$ 505,230", "chart": null, "label": "Page 121.table, cell \u2014 reconciled", "ref_id": "t51-4-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.06137485606060604, "left": 0.3107025980392157, "right": 0.6892973692810457, "bottom": 0.07176411938911945 }, "note": null, "page": 123, "text": null, "chart": null, "label": "Page 123", "ref_id": "#/texts/1293", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 11.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$565.6", "unit": "USD millions (sum of $338,595K + $130,188K + $96,798K, in thousands = $565,581)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "565.6" }, "cited_ids": [ "t25-6-1", "t25-8-1", "t25-7-1", "t38-27-1", "#/tables/25", "#/tables/38" ], "error": null, "index": 33, "question": "Find Portfolio Details: : Real estate, carrying value (millions) (Real Estate Owned, Held-for-Investment, Net + Real Estate Owned, Held-for-Sale (total) + Equity Method Investment, Real Estate Assets). Sum Q4 2025 values", "n_cands": 66, "cand_chars": 151789, "picks": 4, "context_ids": [ "#/tables/25", "t25-line-6", "t38-line-22", "t25-line-8", "#/texts/835", "#/tables/38", "#/texts/838" ], "context_chars": [ 5574, 568, 484, 566, 277, 3857, 80 ], "resolved": [ { "table": "#/tables/25", "row": null, "whole": false, "not_found": "The question asks for a sum of multiple rows (Real Estate Owned Held-for-Investment Net + Real Estate Owned Held-for-Sale + Equity Method Investment Real Estate Assets), which requires arithmetic across rows. No single row contains this combined figure." }, { "table": "#/tables/38", "row": null, "whole": false, "not_found": "The question asks for a sum of multiple components (Real Estate Owned Held-for-Investment Net + Real Estate Owned Held-for-Sale total + Equity Method Investment Real Estate Assets) across different sections. This requires arithmetic across multiple rows and is not a single line item in the table. The table does not contain an \"Equity Method Investment, Real Estate Assets\" line, and the calculation would need to combine rows from different sections of the table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$565.6", "unit": "millions USD (338,595 + 130,188 + 96,798 = $565,581 thousand)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "565.6" }, "cited_ids": [ "t25-6-1", "t25-7-1", "t25-8-1", "t38-27-1", "#/tables/25", "#/tables/38" ], "context_chars": [ 5574, 568, 484, 566, 277, 3857, 80, 959, 292, 8216 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "millions of USD (sum of real estate owned, held for investment, net $338,595K + real estate owned assets, held for sale $130,188K + equity method investment, real estate asset $96,798K = $565,581K)", "label": null, "value": "$565.6", "number": "565.6", "period": "December 31, 2025", "source_id": null }, "answer": "$565.6", "retrieved": [ { "page": 76, "score": 0.0672, "chunk_id": "#/texts/835", "chunk_type": "text" }, { "page": 114, "score": 0.0607, "chunk_id": "#/tables/38", "chunk_type": "table" }, { "page": 76, "score": 0.0591, "chunk_id": "#/texts/838", "chunk_type": "text" }, { "page": 94, "score": 0.059, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 104, "score": 0.0547, "chunk_id": "#/texts/1112", "chunk_type": "text" }, { "page": 67, "score": 0.0455, "chunk_id": "#/texts/742", "chunk_type": "text" }, { "page": 97, "score": 0.0455, "chunk_id": "#/tables/28", "chunk_type": "table" }, { "page": 69, "score": 0.0449, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 76, "score": 0.0421, "chunk_id": "#/texts/833", "chunk_type": "text" }, { "page": 115, "score": 0.0417, "chunk_id": "#/texts/1233", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 6, "bbox": { "top": 0.2531439270636048, "left": 0.7279542411854064, "right": 0.7757483588324653, "bottom": 0.2657282665522412 }, "note": null, "page": 94, "text": "338,595", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-6-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 7, "bbox": { "top": 0.26924241191208964, "left": 0.7279542411854064, "right": 0.7757483588324653, "bottom": 0.281826751400726 }, "note": null, "page": 94, "text": "130,188", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-7-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 8, "bbox": { "top": 0.2853408967605745, "left": 0.7353071823618771, "right": 0.7757483588324653, "bottom": 0.29792523624921086 }, "note": null, "page": 94, "text": "96,798", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-8-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 10, "bbox": { "top": 0.3704559249107284, "left": 0.7436111051272722, "right": 0.7860947652579913, "bottom": 0.3816420044561829 }, "note": null, "page": 114, "text": "338,595", "chart": null, "label": "Page 114.table, cell \u2014 reconciled", "ref_id": "t38-10-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 27, "bbox": { "top": 0.6602286907157513, "left": 0.6734150406581904, "right": 0.7860947652579913, "bottom": 0.6714147702612058 }, "note": null, "page": 114, "text": "$ 130,188", "chart": null, "label": "Page 114.table, cell \u2014 reconciled", "ref_id": "t38-27-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "50,534", "unit": "USD in thousands (Equity method investment, CMBS B-Pieces $35,424 + Equity method investment, unconsolidated entity $15,110)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "50534" }, "cited_ids": [ "t25-9-1", "t25-11-1", "#/tables/25" ], "error": null, "index": 34, "question": "Find Portfolio Details: : Other earning assets (Equity Method Investments: CMBS B-Pieces + Unconsolidated Entity). Return Q4 2025 value", "n_cands": 76, "cand_chars": 139732, "picks": 3, "context_ids": [ "#/tables/25", "t25-line-9", "#/tables/13", "#/texts/104", "#/texts/1320", "#/texts/843" ], "context_chars": [ 5574, 562, 15745, 2088, 786, 697 ], "resolved": [ { "table": "#/tables/25", "row": null, "whole": false, "not_found": "The question asks for a combined figure (sum of two separate line items: Equity method investment, CMBS B-Pieces + Equity method investment, unconsolidated entity), which requires arithmetic across rows. Per the rules, I cannot provide a row when the figure would need arithmetic across rows." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The question asks for \"Other earning assets (Equity Method Investments: CMBS B-Pieces + Unconsolidated Entity)\" for Q4 2025, which would require combining multiple rows (CMBS B-Pieces investments plus other equity method investments). This requires arithmetic across rows. Additionally, the table shows individual investment details but does not have a single row labeled \"Other earning assets\" that combines these categories. The table structure shows separate sections for CMBS Investments and Other Investments, but no aggregated row for \"Other earning assets\" as described in the question." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "50,534", "unit": "USD thousands (sum of Equity method investment, CMBS B-Pieces 35,424 + Equity method investment, unconsolidated entity 15,110)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "50534" }, "cited_ids": [ "t25-9-1", "t25-11-1", "#/tables/25", "t25-line-9" ], "context_chars": [ 5574, 562, 15745, 2088, 786, 697, 67, 67, 656, 67 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD in thousands (Equity method investment, CMBS B-Pieces $35,424 + Equity method investment, unconsolidated entity $15,110)", "label": null, "value": "50,534", "number": "50534", "period": "December 31, 2025", "source_id": null }, "answer": "50,534", "retrieved": [ { "page": 8, "score": 0.0757, "chunk_id": "#/texts/104", "chunk_type": "text" }, { "page": 125, "score": 0.0728, "chunk_id": "#/texts/1320", "chunk_type": "text" }, { "page": 77, "score": 0.072, "chunk_id": "#/texts/843", "chunk_type": "text" }, { "page": 94, "score": 0.0546, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 126, "score": 0.0523, "chunk_id": "#/texts/1324", "chunk_type": "text" }, { "page": 127, "score": 0.0504, "chunk_id": "#/texts/1329", "chunk_type": "text" }, { "page": 81, "score": 0.0487, "chunk_id": "#/texts/874", "chunk_type": "text" }, { "page": 78, "score": 0.0486, "chunk_id": "#/texts/847", "chunk_type": "text" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 22, "score": 0.0452, "chunk_id": "#/texts/265", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 9, "bbox": { "top": 0.30143938160905936, "left": 0.7353071823618771, "right": 0.7757483588324653, "bottom": 0.3140237210976957 }, "note": null, "page": 94, "text": "35,424", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-9-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 11, "bbox": { "top": 0.33363635130602903, "left": 0.7353071823618771, "right": 0.7757483588324653, "bottom": 0.3462206907946654 }, "note": null, "page": 94, "text": "15,110", "chart": null, "label": "Page 94.table, cell \u2014 reconciled", "ref_id": "t25-11-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 16.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "100%", "unit": "% of outstanding principal of commercial real estate loans (Investment Type: Senior Loans)", "period": "As of December 31, 2025 (FY 2025)", "label": null, "source_id": null, "number": "100" }, "cited_ids": [ "fv-26", "fv-101", "#/pictures/3", "#/pictures/7" ], "error": null, "index": 35, "question": "Find Portfolio Details: : Senior loans (%) (Core Portfolio Composition: Senior %). Return Q4 2025 value", "n_cands": 35, "cand_chars": 94898, "picks": 2, "context_ids": [ "#/pictures/7", "#/pictures/3", "#/tables/12", "#/tables/13", "#/tables/71" ], "context_chars": [ 1955, 2013, 18197, 15745, 6337 ], "resolved": [ { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loan details but does not contain a row with \"Senior loans (%)\" or \"Core Portfolio Composition: Senior %\" as a summary metric. The question asks for a portfolio composition percentage that would require aggregating data across multiple rows, which is outside the scope of identifying a single row." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The question asks for \"Senior loans (%)\" as part of \"Core Portfolio Composition\" for Q4 2025, which would be a portfolio composition percentage. This table shows individual investment details and totals, but does not contain a row that explicitly states \"Senior loans (%)\" or \"Core Portfolio Composition: Senior %\" as a calculated percentage metric. The table provides committed and outstanding principal amounts for senior loans, but not the percentage composition of the portfolio. This figure would require calculation across multiple investment categories (Senior Loans, Real Estate Assets, CMBS Investments, Other Investments) and is not presented as a single row in this table." }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The question asks for \"Senior loans (%)\" as a percentage of portfolio composition, which would require calculating senior loans as a percentage of total loans. This requires arithmetic across rows (dividing row 18 by row 23). The table provides absolute dollar amounts but not the calculated percentage figure." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "100%", "unit": "% of outstanding principal of commercial real estate loans (Investment Type: Senior Loans)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "100" }, "cited_ids": [ "fv-101", "fv-26", "#/pictures/7", "#/pictures/3" ], "context_chars": [ 1955, 2013, 18197, 15745, 6337, 1072, 1150, 1251, 1099, 2325 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loan portfolio outstanding principal (investment type: Senior Loans)", "label": null, "value": "100%", "number": "100", "period": "As of December 31, 2025 (Q4 2025)", "source_id": null }, "answer": "100%", "retrieved": [ { "page": 69, "score": 0.0893, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 67, "score": 0.059, "chunk_id": "#/pictures/7", "chunk_type": "picture" }, { "page": 70, "score": 0.0557, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 141, "score": 0.0507, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0476, "chunk_id": "t12-line-8", "chunk_type": "line_item" }, { "page": 9, "score": 0.0468, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 7, "score": 0.0456, "chunk_id": "#/texts/99", "chunk_type": "text" }, { "page": 69, "score": 0.0455, "chunk_id": "t12-line-12", "chunk_type": "line_item" }, { "page": 68, "score": 0.0442, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 8, "score": 0.0425, "chunk_id": "#/texts/107", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.5669191919191919, "left": 0.2042483660130719, "right": 0.23257080610021783, "bottom": 0.5761784511784511 }, "note": null, "page": 67, "text": "100%", "chart": "Investment Type", "label": "Page 67", "ref_id": "fv-101", "status": "reconciled", "flagged": false, "segment": "Senior Loans", "ref_type": "figureValue" } ] }, "seconds": 16.5 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "98.6 %", "unit": "Weighted Average Floating Rate Loan % of senior loans held-for-investment", "period": "December 31, 2025", "label": null, "source_id": null, "number": "98.6" }, "cited_ids": [ "t30-line-3", "t30-3-5" ], "error": null, "index": 36, "question": "Find Portfolio Details: : Floating rate (%) (Loan Portfolio: Total/Weighted Average, Floating Rate Loan %). Return Q4 2025 value", "n_cands": 42, "cand_chars": 99829, "picks": 2, "context_ids": [ "t30-line-3", "t30-line-3", "t11-line-5", "t11-line-8", "t11-line-5" ], "context_chars": [ 1796, 1534, 1357, 916, 994 ], "resolved": [ { "table": "#/tables/30", "row": 3, "cell": "t30-3-5" }, { "table": "#/tables/11", "row": 5, "cell": "t11-5-2" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "98.6 %", "unit": "weighted average floating rate loan % (senior loans held-for-investment, weighted by outstanding principal)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "98.6" }, "cited_ids": [ "t30-3-5", "t30-line-3", "#/tables/30" ], "context_chars": [ 2401, 1534, 2325, 916, 994, 18197, 661, 1955, 2013, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "Weighted Average Floating Rate Loan % (senior loans held-for-investment)", "label": null, "value": "98.6 %", "number": "98.6", "period": "December 31, 2025", "source_id": null }, "answer": "98.6 %", "retrieved": [ { "page": 68, "score": 0.0801, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 68, "score": 0.0789, "chunk_id": "t11-line-8", "chunk_type": "line_item" }, { "page": 68, "score": 0.0682, "chunk_id": "t11-line-5", "chunk_type": "line_item" }, { "page": 69, "score": 0.064, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 67, "score": 0.0615, "chunk_id": "#/texts/743", "chunk_type": "text" }, { "page": 67, "score": 0.0573, "chunk_id": "#/pictures/7", "chunk_type": "picture" }, { "page": 10, "score": 0.0518, "chunk_id": "#/pictures/3", "chunk_type": "picture" }, { "page": 109, "score": 0.0468, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0465, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" } ], "references": [ { "col": 5, "row": 3, "bbox": { "top": 0.22651656950363006, "left": 0.3155719034032884, "right": 0.9148202534594567, "bottom": 0.23770264904908459 }, "note": null, "page": 109, "text": "98.6 %", "chart": null, "label": "Page 109.table, cell \u2014 reconciled", "ref_id": "t30-3-5", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 9.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "53", "unit": "loans (excludes fully written off loans)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "53" }, "cited_ids": [ "t11-line-1", "t11-1-1" ], "error": null, "index": 37, "question": "Find Portfolio Details: : # of loans. Return Q4 2025 value", "n_cands": 36, "cand_chars": 96760, "picks": 3, "context_ids": [ "t11-line-1", "t11-line-1", "t11-line-8", "#/tables/12", "#/pictures/1", "t12-line-12" ], "context_chars": [ 1124, 761, 916, 18197, 1150, 1099 ], "resolved": [ { "table": "#/tables/11", "row": 1, "cell": "t11-1-1" }, { "table": "#/tables/12", "row": null, "whole": true, "not_found": null } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "53", "unit": "number of loans (excludes fully written off loans)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "53" }, "cited_ids": [ "t11-1-1", "t11-line-1" ], "context_chars": [ 2325, 761, 916, 18197, 1150, 1099, 15745, 6337, 1072, 2104 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "loans", "label": null, "value": "53", "number": "53", "period": "As of December 31, 2025", "source_id": null }, "answer": "53", "retrieved": [ { "page": 69, "score": 0.068, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 9, "score": 0.0514, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 69, "score": 0.0476, "chunk_id": "t12-line-12", "chunk_type": "line_item" }, { "page": 70, "score": 0.0459, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0455, "chunk_id": "t12-line-8", "chunk_type": "line_item" }, { "page": 68, "score": 0.0441, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 61, "score": 0.0435, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 10, "score": 0.0429, "chunk_id": "#/texts/115", "chunk_type": "text" }, { "page": 67, "score": 0.0411, "chunk_id": "#/texts/741", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 1, "bbox": { "top": 0.475443290941643, "left": 0.6346829981585733, "right": 0.6477548935834099, "bottom": 0.48662937048709753 }, "note": null, "page": 68, "text": "53", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t11-1-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 11.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "66 %", "unit": "weighted average LTV (excludes risk-rated 5 loans)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "66" }, "cited_ids": [ "t11-line-8", "t11-8-1", "t13-18-12" ], "error": null, "index": 38, "question": "Find Portfolio Details: : LTV (Loan-to-Value). Return Q4 2025 value", "n_cands": 39, "cand_chars": 96388, "picks": 3, "context_ids": [ "t11-line-8", "t11-line-8", "t13-line-18", "#/tables/12", "#/texts/115", "#/texts/768" ], "context_chars": [ 1279, 916, 1898, 18197, 245, 470 ], "resolved": [ { "table": "#/tables/11", "row": 8, "cell": "t11-8-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for a single Q4 2025 LTV value, but the table shows individual LTV figures for each loan (Origination LTV in column 12). There is no aggregated or weighted average LTV figure displayed as a summary row in this table. A weighted average LTV would require arithmetic across multiple rows, which cannot be provided as a single row answer." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "66 %", "unit": "weighted average LTV (percent)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "66" }, "cited_ids": [ "t11-8-1", "t11-line-8", "#/tables/11" ], "context_chars": [ 2325, 916, 1898, 18197, 245, 470, 196, 1150, 2104, 149 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "weighted average LTV of loan portfolio (outstanding principal total)", "label": null, "value": "66 %", "number": "66", "period": "As of December 31, 2025", "source_id": null }, "answer": "66 %", "retrieved": [ { "page": 69, "score": 0.0611, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 10, "score": 0.0569, "chunk_id": "#/texts/115", "chunk_type": "text" }, { "page": 71, "score": 0.0546, "chunk_id": "#/texts/768", "chunk_type": "text" }, { "page": 10, "score": 0.051, "chunk_id": "#/texts/119", "chunk_type": "text" }, { "page": 9, "score": 0.0507, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 61, "score": 0.0499, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 64, "score": 0.0492, "chunk_id": "#/texts/716", "chunk_type": "text" }, { "page": 68, "score": 0.0469, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 67, "score": 0.0455, "chunk_id": "#/texts/744", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 8, "bbox": { "top": 0.588132684881037, "left": 0.6346895305159824, "right": 0.6629901960784313, "bottom": 0.5993187644264915 }, "note": null, "page": 68, "text": "66 %", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t11-8-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "+ 3.3 %", "unit": "weighted average cash coupon spread over floating rate index (Term SOFR/SONIA/EURIBOR), floating rate loans; excludes loans on nonaccrual status", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t11-5-2", "t11-line-5", "#/tables/11" ], "error": null, "index": 39, "question": "Find Portfolio Details: Credit spread (S+) (Weighted Average of Senior and Mezzanine). Calculate Q4 2025 value", "n_cands": 42, "cand_chars": 104046, "picks": 2, "context_ids": [ "#/tables/11", "t11-line-5", "#/tables/12", "#/pictures/1", "#/texts/781" ], "context_chars": [ 2325, 994, 18197, 1150, 646 ], "resolved": [ { "table": "#/tables/11", "row": null, "whole": false, "not_found": "The question asks for a calculated figure combining weighted averages of senior and mezzanine loans, which would require arithmetic across rows. The table shows the weighted average cash coupon for floating rate loans as \"+ 3.3 %\" (row 5), but this is already a blended figure and does not represent a separate calculation of senior vs. mezzanine credit spreads that needs to be computed. No single row contains the specific \"Credit spread (S+) (Weighted Average of Senior and Mezzanine)\" figure as a pre-calculated value." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for a weighted average credit spread calculation across senior and mezzanine loans for Q4 2025. While the table shows individual coupon spreads (column \"Coupon(D)(E)\") for each senior loan, calculating a weighted average would require: (1) identifying which rows are mezzanine loans (the table shown contains only senior loans), (2) weighting by principal amounts, and (3) performing arithmetic across multiple rows. This requires computation across rows rather than identifying a single pre-calculated row. Additionally, footnote (D) states the weighted average coupon \"excludes loans on nonaccrual status,\" indicating such a calculation exists elsewhere in the document but is not displayed as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "+ 3.3 %", "unit": "credit spread over Term SOFR/SONIA/EURIBOR, weighted average coupon on floating rate loans (mezzanine loans total $\u2014 at period end; the sole mezzanine loan is fixed-rate and on nonaccrual, excluded from the weighted average)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t11-5-2", "#/tables/11", "t13-18-9", "t71-22-5" ], "context_chars": [ 2325, 994, 18197, 1150, 646, 6337, 1251, 15745, 1955, 1086 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "credit spread over Term SOFR/SONIA/EURIBOR (weighted average coupon on total senior loans; mezzanine loans were $0 at period end)", "label": null, "value": "+ 3.3%", "number": null, "period": "As of December 31, 2025", "source_id": null }, "answer": "+ 3.3%", "retrieved": [ { "page": 69, "score": 0.0952, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 9, "score": 0.065, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 72, "score": 0.0543, "chunk_id": "#/texts/781", "chunk_type": "text" }, { "page": 141, "score": 0.0537, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 7, "score": 0.0532, "chunk_id": "#/texts/99", "chunk_type": "text" }, { "page": 70, "score": 0.0468, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 67, "score": 0.0457, "chunk_id": "#/pictures/7", "chunk_type": "picture" }, { "page": 69, "score": 0.0455, "chunk_id": "t12-line-36", "chunk_type": "line_item" }, { "page": 1, "score": 0.0435, "chunk_id": "#/texts/1567", "chunk_type": "text" }, { "page": 116, "score": 0.0431, "chunk_id": "#/tables/43", "chunk_type": "table" } ], "references": [ { "col": 9, "row": 18, "bbox": { "top": 0.5063126009274153, "left": 0.6728156504004893, "right": 0.6983964708116319, "bottom": 0.5171696781332976 }, "note": null, "page": 70, "text": "+ 3.3%", "chart": null, "label": "Page 70.table, cell \u2014 reconciled", "ref_id": "t13-18-9", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 18, "bbox": { "top": 0.49454792496425654, "left": 0.08097221875431562, "right": 0.16024498024372139, "bottom": 0.5171696781332976 }, "note": null, "page": 70, "text": "Total/Weighted Average Senior Loans Unlevered", "chart": null, "label": "Page 70.table, cell \u2014 reconciled", "ref_id": "t13-18-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 5, "row": 22, "bbox": { "top": 0.48476290461992977, "left": 0.7077287661483864, "right": 0.8013366001104217, "bottom": 0.4945507242222025 }, "note": null, "page": 141, "text": "$ \u2014", "chart": null, "label": "Page 141.table, cell \u2014 reconciled", "ref_id": "t71-22-5", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 16.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.8", "unit": "years (weighted average maximum maturity, total outstanding principal)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "1.8" }, "cited_ids": [ "t11-line-7", "t11-7-1" ], "error": null, "index": 40, "question": "Find Portfolio Details: : WA (Weighted Average) term to maturity (years). Return Q4 2025 value", "n_cands": 40, "cand_chars": 82203, "picks": 2, "context_ids": [ "t11-line-7", "t11-line-7", "#/tables/12", "#/pictures/1", "#/tables/43" ], "context_chars": [ 1251, 888, 18197, 1150, 9226 ], "resolved": [ { "table": "#/tables/11", "row": 7, "cell": "t11-7-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for a weighted average (WA) term to maturity figure for Q4 2025, which would be a summary statistic calculated across multiple rows. This is not a single line item in the table. The table shows individual loan details with \"Max Remaining Term (Years)\" in column 10, but the weighted average across all loans would require arithmetic across rows and is not presented as a single row in this portfolio table." }, { "table": "#/tables/43", "row": null, "whole": false, "not_found": "The weighted average term to maturity figure is not presented as a single row in this debt obligations table. Footnote (A) mentions that \"The weighted average life of the match-term facilities was 1.4 and 2.3 years\" as of December 31, 2025, but this is disclosed in the footnotes rather than as a line item in the table itself. The table shows individual facility maturities and weighted average funding cost, but not a separate row for weighted average term to maturity." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.8", "unit": "years (weighted average maximum maturity, total outstanding principal)", "period": "As of December 31, 2025", "label": null, "source_id": null, "number": "1.8" }, "cited_ids": [ "t11-7-1", "#/tables/11", "t11-line-7" ], "context_chars": [ 2325, 888, 18197, 1150, 9226, 2104, 2370, 1068, 1072, 2165 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The retrieved chunks show only individual investment rows of the portfolio table (with a 'Max Remaining Term (Years)' column) and no total/weighted-average row, so the portfolio's weighted average term to maturity is not available in the provided context." }, "answer": "The retrieved chunks show only individual investment rows of the portfolio table (with a 'Max Remaining Term (Years)' column) and no total/weighted-average row, so the portfolio's weighted average term to maturity is not available in the provided context.", "retrieved": [ { "page": 69, "score": 0.0709, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 9, "score": 0.0614, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 116, "score": 0.0542, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 61, "score": 0.0483, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 116, "score": 0.0455, "chunk_id": "t43-line-7", "chunk_type": "line_item" }, { "page": 69, "score": 0.0455, "chunk_id": "t12-line-3", "chunk_type": "line_item" }, { "page": 69, "score": 0.0435, "chunk_id": "t12-line-8", "chunk_type": "line_item" }, { "page": 116, "score": 0.0417, "chunk_id": "t43-line-15", "chunk_type": "line_item" }, { "page": 70, "score": 0.0333, "chunk_id": "t13-line-21", "chunk_type": "line_item" }, { "page": 1, "score": 0.0323, "chunk_id": "#/texts/1736", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.09725303899228963, "left": 0.054924242424242424, "right": 0.9342248319375395, "bottom": 0.9203560025084252 }, "note": null, "page": 69, "text": null, "chart": null, "label": "Page 69, table", "ref_id": "#/tables/12", "status": null, "flagged": false, "segment": null, "ref_type": "table" }, { "col": null, "row": null, "bbox": { "top": 0.56513613033918, "left": 0.07054292794429895, "right": 0.8826313211460306, "bottom": 0.5759932075450623 }, "note": null, "page": 70, "text": null, "chart": null, "label": "Page 70", "ref_id": "t13-line-21", "status": null, "flagged": false, "segment": null, "ref_type": "line_item" } ] }, "seconds": 16.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "40.3 %", "unit": "% of loans' principal amounts (collateral property type: Multifamily)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "40.3" }, "cited_ids": [ "t37-1-2", "t37-line-1", "#/texts/1207" ], "error": null, "index": 41, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Multifamily (% of Principal). Return Q4 2025 value", "n_cands": 46, "cand_chars": 113828, "picks": 2, "context_ids": [ "t37-line-1", "t37-line-1", "#/texts/1207", "#/tables/12", "#/tables/13" ], "context_chars": [ 712, 489, 256, 18197, 15745 ], "resolved": [ { "table": "#/tables/37", "row": 1, "cell": "t37-1-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows individual senior loan details with property types, but does not contain a summary row or section showing \"Concentration of Credit Risk\" or \"Collateral Property Type: Multifamily (% of Principal)\" as an aggregate metric. The question asks for a concentration analysis across the portfolio, which would require calculating the percentage of total principal allocated to Multifamily properties\u2014this is not presented as a single row in this table." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The question asks for \"Concentration of Credit Risk, Collateral Property Type: Multifamily (% of Principal)\" for Q4 2025, which is a summary metric that would require calculating the percentage of total principal across multiple rows. This table shows individual investment details and totals by category, but does not contain a pre-calculated row showing the concentration percentage by property type. 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Return Q4 2025 value", "n_cands": 46, "cand_chars": 118486, "picks": 2, "context_ids": [ "t37-line-5", "t37-line-5", "#/tables/12", "#/texts/1207", "#/tables/13" ], "context_chars": [ 480, 703, 18197, 256, 15745 ], "resolved": [ { "table": "#/tables/37", "row": 5, "cell": "t37-5-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans by property type, but does not contain a summary row showing the concentration of credit risk by property type (Hospitality as % of total principal). 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The Hospitality property type appears only once in row 37 (Senior Loan in Nashville, TN), but there is no summary row showing Hospitality concentration as a percentage of total principal." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.8", "unit": "% of loans' principal amounts (Collateral Property Type: Hospitality)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.8" }, "cited_ids": [ "t37-5-2", "t37-line-5", "#/tables/37", "#/texts/1207" ], "context_chars": [ 480, 1439, 18197, 256, 15745, 433, 2104, 489, 1180, 436 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (collateral property type: Hospitality)", "label": null, "value": "2.8", "number": "2.8", "period": "December 31, 2025", "source_id": null }, "answer": "2.8", "retrieved": [ { "page": 69, "score": 0.0542, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0537, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 112, "score": 0.0526, "chunk_id": "t37-line-5", "chunk_type": "line_item" }, { "page": 70, "score": 0.0477, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 112, "score": 0.0458, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 110, "score": 0.0449, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.0442, "chunk_id": "t36-line-22", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" } ], "references": [ { "col": 2, "row": 5, "bbox": { "top": 0.3818195612743647, "left": 0.7588725370519301, "right": 0.775212406332976, "bottom": 0.3930056408198193 }, "note": null, "page": 112, "text": "2.8", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t37-5-2", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.23713244444444445, "left": 0.08088235294117647, "right": 0.9231372549019605, "bottom": 0.262673222924473 }, "note": null, "page": 112, "text": null, "chart": null, "label": "Page 112", "ref_id": "#/texts/1207", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 17.9 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The collateral property type concentration table for December 31, 2025 lists only Multifamily, Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use and Self-Storage; no 'Retail' category is disclosed in the provided context." }, "cited_ids": [ "#/tables/37", "#/texts/1207" ], "error": null, "index": 45, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Retail (% of Principal). 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Return Q4 2025 value", "n_cands": 47, "cand_chars": 114635, "picks": 2, "context_ids": [ "t37-line-3", "t37-line-3", "#/texts/1207", "#/tables/12", "t36-line-20" ], "context_chars": [ 482, 705, 256, 18197, 433 ], "resolved": [ { "table": "#/tables/37", "row": 3, "cell": "t37-3-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a summary row or section showing \"Concentration of Credit Risk\" by collateral property type or the percentage of principal allocated to Industrial properties. 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Return Q4 2025 value", "n_cands": 47, "cand_chars": 115535, "picks": 2, "context_ids": [ "t37-line-7", "t37-line-7", "#/texts/1207", "#/tables/12", "t37-line-1" ], "context_chars": [ 478, 701, 256, 18197, 489 ], "resolved": [ { "table": "#/tables/37", "row": 7, "cell": "t37-7-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a summary row showing \"Mixed-Use\" as a percentage of total principal. Row 35 (t12-36-0) is a Mixed-Use property loan, but the question asks for a concentration metric (% of Principal) across the portfolio, which would require aggregation across multiple rows and is not presented as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "0.4", "unit": "% of loans' principal amounts (collateral property type concentration)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "0.4" }, "cited_ids": [ "t37-7-2", "t37-line-7", "#/tables/37" ], "context_chars": [ 478, 1439, 256, 18197, 489, 436, 433, 2104, 6337, 1440 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (collateral property type: Mixed Use)", "label": null, "value": "0.4", "number": "0.4", "period": "December 31, 2025", "source_id": null }, "answer": "0.4", "retrieved": [ { "page": 112, "score": 0.0559, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 69, "score": 0.054, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0512, "chunk_id": "t37-line-7", "chunk_type": "line_item" }, { "page": 112, "score": 0.0476, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 112, "score": 0.0459, "chunk_id": "t36-line-22", "chunk_type": "line_item" }, { "page": 112, "score": 0.0455, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 72, "score": 0.0418, "chunk_id": "#/texts/779", "chunk_type": "text" }, { "page": 49, "score": 0.0417, "chunk_id": "#/texts/549", "chunk_type": "text" } ], "references": [ { "col": 2, "row": 7, "bbox": { "top": 0.41401653097133445, "left": 0.7588725370519301, "right": 0.775212406332976, "bottom": 0.425202610516789 }, "note": null, "page": 112, "text": "0.4", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t37-7-2", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 1, "row": 7, "bbox": { "top": 0.41401653097133445, "left": 0.5239052367366217, "right": 0.5816307317197712, "bottom": 0.425202610516789 }, "note": null, "page": 112, "text": "Mixed Use", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t37-7-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.23713244444444445, "left": 0.08088235294117647, "right": 0.9231372549019605, "bottom": 0.262673222924473 }, "note": null, "page": 112, "text": null, "chart": null, "label": "Page 112", "ref_id": "#/texts/1207", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 14.4 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The collateral property type concentration table lists only Multifamily, Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use and Self-Storage; no separate 'Residential' category is presented." }, "cited_ids": [ "#/tables/37", "#/texts/1207" ], "error": null, "index": 48, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Residential (separate from Multifamily) (% of Principal). Return Q4 2025 value", "n_cands": 48, "cand_chars": 115002, "picks": 2, "context_ids": [ "#/tables/37", "t37-line-1", "#/texts/1207", "#/tables/12", "t36-line-11" ], "context_chars": [ 1439, 489, 256, 18197, 435 ], "resolved": [ { "table": "#/tables/37", "row": null, "whole": false, "not_found": "The table does not contain a separate \"Residential\" property type row. The table shows \"Multifamily\" as a distinct category, but there is no separate \"Residential\" line item. The question asks for a property type that is not presented separately in this concentration table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a summary row or section showing \"Concentration of Credit Risk\" by collateral property type, nor does it show a \"Residential (separate from Multifamily)\" category or percentage of principal figures. The table lists specific loans by property type (Life Science, Office, Industrial, Multifamily, Student Housing, Hospitality, Mixed Use) but does not aggregate these into risk concentration metrics or show a separate \"Residential\" category distinct from Multifamily. This would require data not present in this table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The collateral property type concentration table for December 31, 2025 lists only Multifamily (40.3%), Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use and Self-Storage; no separate 'Residential' property type is disclosed." }, "cited_ids": [ "#/tables/37", "#/texts/1207" ], "context_chars": [ 1439, 489, 256, 18197, 435, 433, 482, 15745, 2104, 1440 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The collateral property type concentration table (page 112) lists only Multifamily, Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use and Self-Storage; no separate 'Residential' category is disclosed." }, "answer": "The collateral property type concentration table (page 112) lists only Multifamily, Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use and Self-Storage; no separate 'Residential' category is disclosed.", "retrieved": [ { "page": 112, "score": 0.0563, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 69, "score": 0.0542, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0526, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 112, "score": 0.0474, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 112, "score": 0.0458, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-9", "chunk_type": "line_item" }, { "page": 70, "score": 0.0455, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0435, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 72, "score": 0.0423, "chunk_id": "#/texts/779", "chunk_type": "text" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.2266652271001026, "left": 0.45076801574308106, "right": 0.9288561453227124, "bottom": 0.4573995802137587 }, "note": null, "page": 112, "text": null, "chart": null, "label": "Page 112, table", "ref_id": "#/tables/37", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 15.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "\u2014", "unit": "% of loans' principal amounts (collateral property type: Self-Storage)", "period": "December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t37-8-2", "t37-line-8", "#/texts/1207" ], "error": null, "index": 49, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Self-storage (% of Principal). Return Q4 2025 value", "n_cands": 47, "cand_chars": 116559, "picks": 2, "context_ids": [ "t37-line-8", "t37-line-8", "#/tables/12", "#/texts/1207", "t36-line-20" ], "context_chars": [ 702, 479, 18197, 256, 433 ], "resolved": [ { "table": "#/tables/37", "row": 8, "cell": "t37-8-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows \"Our Portfolio - Portfolio Information\" with individual senior loans listed by location and property type. The question asks for \"Concentration of Credit Risk, Collateral Property Type: Self-storage (% of Principal)\" for Q4 2025. This table does not contain a row showing self-storage concentration data or any summary/aggregate rows showing credit risk concentration by property type. The table only lists individual loans with their details, and self-storage does not appear as a property type in any of the visible rows. This figure would require data from a different section of the financial document that provides concentration analysis by property type." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "\u2014", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": null }, "cited_ids": [ "t37-8-2", "t37-line-8", "#/tables/37" ], "context_chars": [ 1439, 479, 18197, 256, 433, 435, 2104, 1183, 1180, 6337 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts", "label": null, "value": "\u2014", "number": null, "period": "December 31, 2025", "source_id": null }, "answer": "\u2014", "retrieved": [ { "page": 69, "score": 0.054, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0535, "chunk_id": "t37-line-8", "chunk_type": "line_item" }, { "page": 112, "score": 0.0515, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 112, "score": 0.0467, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 112, "score": 0.0462, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.044, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0435, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" } ], "references": [ { "col": 2, "row": 8, "bbox": { "top": 0.4301150158198193, "left": 0.7621405109081393, "right": 0.775212406332976, "bottom": 0.44130109536527384 }, "note": null, "page": 112, "text": "\u2014", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t37-8-2", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 16.5 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.1", "unit": "% of loans' principal amounts (Student Housing collateral property type)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.1" }, "cited_ids": [ "t37-line-6", "t37-6-2", "#/texts/1207" ], "error": null, "index": 50, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Student Housing (% of Principal). Return Q4 2025 value", "n_cands": 45, "cand_chars": 113660, "picks": 2, "context_ids": [ "t37-line-6", "t37-line-6", "#/texts/1207", "#/tables/12", "t37-line-1" ], "context_chars": [ 484, 707, 256, 18197, 489 ], "resolved": [ { "table": "#/tables/37", "row": 6, "cell": "t37-6-2" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans by property type, but does not contain a summary row showing the concentration of credit risk by property type (Student Housing as % of Principal). The question asks for an aggregated metric across the portfolio, which would require calculation across multiple rows and is not presented as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.1", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.1" }, "cited_ids": [ "t37-6-2", "t37-line-6", "#/tables/37" ], "context_chars": [ 484, 1439, 256, 18197, 489, 435, 436, 2104, 1183, 1180 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Collateral Property Type: Student Housing)", "label": null, "value": "2.1", "number": "2.1", "period": "December 31, 2025", "source_id": null }, "answer": "2.1", "retrieved": [ { "page": 112, "score": 0.0592, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 69, "score": 0.0546, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0513, "chunk_id": "t37-line-6", "chunk_type": "line_item" }, { "page": 112, "score": 0.0476, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 112, "score": 0.0468, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 112, "score": 0.0464, "chunk_id": "t36-line-22", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0445, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0442, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" } ], "references": [ { "col": 2, "row": 6, "bbox": { "top": 0.3979180461228496, "left": 0.7588725370519301, "right": 0.775212406332976, "bottom": 0.4091041256683041 }, "note": null, "page": 112, "text": "2.1", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t37-6-2", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": null, "row": null, "bbox": { "top": 0.23713244444444445, "left": 0.08088235294117647, "right": 0.9231372549019605, "bottom": 0.262673222924473 }, "note": null, "page": 112, "text": null, "chart": null, "label": "Page 112", "ref_id": "#/texts/1207", "status": null, "flagged": false, "segment": null, "ref_type": "text" } ] }, "seconds": 15.3 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The collateral property type concentration table for December 31, 2025 lists only Multifamily (40.3%), Office (22.8%), Industrial (17.9%), Life Science (13.7%), Hospitality (2.8%), Student Housing (2.1%), Mixed Use (0.4%) and Self-Storage (\\u2014), which already total 100.0%; no 'Other' property type line is presented in the provided context." }, "cited_ids": [ "#/tables/37" ], "error": null, "index": 51, "question": "Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Other (% of Principal). Return Q4 2025 value", "n_cands": 44, "cand_chars": 113105, "picks": 2, "context_ids": [ "#/tables/37", "t37-line-1", "#/texts/1207", "#/tables/12", "t36-line-20" ], "context_chars": [ 1439, 489, 256, 18197, 433 ], "resolved": [ { "table": "#/tables/37", "row": null, "whole": false, "not_found": "The table does not contain a row for \"Other\" collateral property type. The table shows specific property types (Multifamily, Office, Industrial, Life Science, Hospitality, Student Housing, Mixed Use, Self-Storage) and a Total row, but no \"Other\" category is present." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"Concentration of Credit Risk, Collateral Property Type: Other (% of Principal)\" for Q4 2025, which is a summary metric or concentration analysis figure. The table provided shows individual senior loan details with property types (Life Science, Office, Industrial, Multifamily, Student Housing, Hospitality, Mixed Use) but does not contain a row that aggregates or summarizes the percentage of principal by property type category, nor does it contain a row labeled \"Other\" or showing concentration percentages. This would require calculation across multiple rows or appears in a different summary table not provided here." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The collateral property type concentration table for December 31, 2025 lists only Multifamily (40.3%), Office (22.8%), Industrial (17.9%), Life Science (13.7%), Hospitality (2.8%), Student Housing (2.1%), Mixed Use (0.4%) and Self-Storage (\u2014), totaling 100.0%; no 'Other' property type line is presented." }, "cited_ids": [ "#/tables/37" ], "context_chars": [ 1439, 489, 256, 18197, 433, 482, 435, 2104, 6337, 1180 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The retrieved chunks of the Note 3 collateral property type concentration table only show the Multifamily line (t37-line-1) and the Total line (t37-line-9); the 'Other' property type row and its December 31, 2025 percentage are not included in the provided context." }, "answer": "The retrieved chunks of the Note 3 collateral property type concentration table only show the Multifamily line (t37-line-1) and the Total line (t37-line-9); the 'Other' property type row and its December 31, 2025 percentage are not included in the provided context.", "retrieved": [ { "page": 112, "score": 0.0563, "chunk_id": "#/texts/1207", "chunk_type": "text" }, { "page": 69, "score": 0.0537, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0485, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 112, "score": 0.0476, "chunk_id": "t37-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.046, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-8", "chunk_type": "line_item" } ], "references": [] }, "seconds": 16.1 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 424,403", "unit": "thousands of dollars (loan originations)", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "424403" }, "cited_ids": [ "t10-line-1", "t10-1-1" ], "error": null, "index": 52, "question": "Find Portfolio Details: New originations, gross.. Return Q4 2025 value", "n_cands": 36, "cand_chars": 67993, "picks": 2, "context_ids": [ "t10-line-1", "t10-line-1", "#/pictures/1", "#/tables/12", "figure-values-p61" ], "context_chars": [ 1018, 671, 1150, 18197, 2104 ], "resolved": [ { "table": "#/tables/10", "row": 1, "cell": "t10-1-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"New originations, gross\" for Q4 2025, which is not a row in this table. This table shows individual portfolio investments with their details (location, property type, investment date, loan amounts, etc.), but does not contain aggregate portfolio metrics or quarterly origination data. The data needed would require information from a different section of the financial document that summarizes new originations by period." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 424,403", "unit": "thousands of USD (loan originations)", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "424403" }, "cited_ids": [ "t10-1-1", "#/tables/10", "t10-line-1" ], "context_chars": [ 2847, 671, 1150, 18197, 2104, 2177, 2208, 185, 2526, 1554 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (loan originations)", "label": null, "value": "$ 424,403", "number": "424403", "period": "Three Months Ended December 31, 2025", "source_id": null }, "answer": "$ 424,403", "retrieved": [ { "page": 9, "score": 0.0931, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 69, "score": 0.0558, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 68, "score": 0.0537, "chunk_id": "t10-line-1", "chunk_type": "line_item" }, { "page": 68, "score": 0.0509, "chunk_id": "#/tables/10", "chunk_type": "table" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 128, "score": 0.0451, "chunk_id": "#/tables/59", "chunk_type": "table" }, { "page": 128, "score": 0.0441, "chunk_id": "#/tables/58", "chunk_type": "table" }, { "page": 10, "score": 0.0435, "chunk_id": "#/texts/121", "chunk_type": "text" }, { "page": 116, "score": 0.0435, "chunk_id": "t43-line-23", "chunk_type": "line_item" }, { "page": 60, "score": 0.0417, "chunk_id": "#/tables/3", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 1, "bbox": { "top": 0.15075899374605428, "left": 0.20282679289774178, "right": 0.31550655489653545, "bottom": 0.16194507329150884 }, "note": null, "page": 68, "text": "$ 424,403", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t10-1-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 425,722", "unit": "USD thousands (loan fundings)", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "425722" }, "cited_ids": [ "t10-line-2", "t10-2-1", "t10-0-1" ], "error": null, "index": 53, "question": "Find Portfolio Details: New originations, funded. Return Q4 2025 value", "n_cands": 39, "cand_chars": 75211, "picks": 2, "context_ids": [ "t10-line-1", "t10-line-2", "t10-line-4", "#/pictures/1", "#/tables/12" ], "context_chars": [ 1018, 667, 662, 1150, 18197 ], "resolved": [ { "table": "#/tables/10", "row": 1, "cell": "t10-1-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"New originations, funded\" for Q4 2025, which is not a row in this table. This table shows individual senior loan portfolio details with columns for investment information, location, property type, dates, amounts, and other metrics. There is no row that aggregates or specifically identifies new originations funded in Q4 2025 as a summary figure. The table contains individual loan entries but not a summary row for new originations by quarter." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 425,722", "unit": "thousands of USD (loan fundings)", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "425722" }, "cited_ids": [ "t10-2-1", "t10-line-2", "#/tables/10" ], "context_chars": [ 2847, 667, 662, 1150, 18197, 9226, 25, 2104, 1072, 2526 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (loan fundings)", "label": null, "value": "$ 425,722", "number": "425722", "period": "Three Months Ended December 31, 2025", "source_id": null }, "answer": "$ 425,722", "retrieved": [ { "page": 68, "score": 0.0606, "chunk_id": "t10-line-4", "chunk_type": "line_item" }, { "page": 9, "score": 0.0599, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 68, "score": 0.0564, "chunk_id": "t10-line-2", "chunk_type": "line_item" }, { "page": 69, "score": 0.0556, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 68, "score": 0.0527, "chunk_id": "#/tables/10", "chunk_type": "table" }, { "page": 116, "score": 0.0483, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 64, "score": 0.0476, "chunk_id": "#/texts/718", "chunk_type": "text" }, { "page": 61, "score": 0.0476, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 69, "score": 0.0435, "chunk_id": "t12-line-8", "chunk_type": "line_item" }, { "page": 116, "score": 0.0435, "chunk_id": "t43-line-23", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 2, "bbox": { "top": 0.18295596344302398, "left": 0.20282679289774178, "right": 0.31550655489653545, "bottom": 0.19414204298847854 }, "note": null, "page": 68, "text": "$ 425,722", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t10-2-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.0 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The context does not separately disclose fundings on pre-existing/previously originated loans for Q4 2025. The quarterly loan activity table only shows total 'Loan originations' ($424,403) and total 'Loan fundings' ($425,722), and the Note 3 activity table combines 'Originations and future fundings, net' into a single annual line." }, "cited_ids": [ "#/tables/10", "#/tables/31" ], "error": null, "index": 54, "question": "Find Originations: : Fundings of pre-existing originations (Portfolio Bullet: Funded for Existing Loans). Return Q4 2025 value", "n_cands": 43, "cand_chars": 96267, "picks": 2, "context_ids": [ "#/tables/10", "t10-line-2", "#/tables/31", "#/tables/12", "t31-line-2" ], "context_chars": [ 2847, 667, 3327, 18197, 602 ], "resolved": [ { "table": "#/tables/10", "row": null, "whole": false, "not_found": "The question asks for \"Fundings of pre-existing originations\" which is not a line item in this table. The table shows \"Loan originations\" and \"Loan fundings\" as separate line items, but does not break down fundings by whether they are for new or pre-existing originations. This would require information not presented in this quarterly loan activity table." }, { "table": "#/tables/31", "row": null, "whole": false, "not_found": "The question asks for \"Q4 2025 value\" (quarterly data), but the table only provides annual activity for the year ended December 31, 2025. The row \"Originations and future fundings, net\" (row 11) shows the full year 2025 figure, not the Q4 2025 quarterly breakdown. Quarterly data is not presented in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"Fundings of pre-existing originations (Portfolio Bullet: Funded for Existing Loans)\" for Q4 2025, which is not a line item in this table. This table shows individual senior loan portfolio details with columns for investment information, amounts, coupons, terms, and risk ratings. It does not contain aggregate funding data or quarterly metrics for pre-existing originations. The requested figure would require data from a different section of the financial document, not from this portfolio detail table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The retrieved context does not separately disclose fundings on pre-existing (previously originated) loans for Q4 2025. The quarterly loan activity table only shows total 'Loan originations' ($424,403) and total 'Loan fundings' ($425,722), and Note 3 combines 'Originations and future fundings, net' into a single annual line." }, "cited_ids": [ "#/tables/10", "t10-line-2", "#/tables/31" ], "context_chars": [ 2847, 667, 3327, 18197, 602, 610, 662, 9226, 6337, 15745 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The document's Quarterly Loan Activity table reports only 'Loan originations' ($424,403) and total 'Loan fundings' ($425,722) for Q4 2025; no separate figure for fundings on pre-existing/previously originated loans is disclosed for the quarter (the annual Note 3 line combines originations and future fundings, net)." }, "answer": "The document's Quarterly Loan Activity table reports only 'Loan originations' ($424,403) and total 'Loan fundings' ($425,722) for Q4 2025; no separate figure for fundings on pre-existing/previously originated loans is disclosed for the quarter (the annual Note 3 line combines originations and future fundings, net).", "retrieved": [ { "page": 109, "score": 0.0711, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 69, "score": 0.063, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 68, "score": 0.0575, "chunk_id": "#/tables/10", "chunk_type": "table" }, { "page": 109, "score": 0.0574, "chunk_id": "t31-line-2", "chunk_type": "line_item" }, { "page": 109, "score": 0.057, "chunk_id": "t31-line-11", "chunk_type": "line_item" }, { "page": 68, "score": 0.055, "chunk_id": "t10-line-4", "chunk_type": "line_item" }, { "page": 116, "score": 0.0548, "chunk_id": "#/tables/43", "chunk_type": "table" }, { "page": 68, "score": 0.0483, "chunk_id": "t10-line-2", "chunk_type": "line_item" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 70, "score": 0.0444, "chunk_id": "#/tables/13", "chunk_type": "table" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.07515007558495107, "left": 0.07107843137254902, "right": 0.9301568324269812, "bottom": 0.35323295207938765 }, "note": null, "page": 68, "text": null, "chart": null, "label": "Page 68, table", "ref_id": "#/tables/10", "status": null, "flagged": false, "segment": null, "ref_type": "table" }, { "col": null, "row": null, "bbox": { "top": 0.18295596344302398, "left": 0.08517974030737784, "right": 0.9159869025735294, "bottom": 0.19414204298847854 }, "note": null, "page": 68, "text": null, "chart": null, "label": "Page 68", "ref_id": "t10-line-2", "status": null, "flagged": false, "segment": null, "ref_type": "line_item" } ] }, "seconds": 23.5 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "(379,936)", "unit": "thousands of USD", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "-379936" }, "cited_ids": [ "t10-3-1", "t10-line-3" ], "error": null, "index": 55, "question": "Find Originations: : Repayments (proceeds from loan payments and amortizations). Return Q4 2025 value", "n_cands": 50, "cand_chars": 121807, "picks": 2, "context_ids": [ "t10-line-3", "t10-line-3", "#/tables/31", "t31-line-12", "t31-line-3" ], "context_chars": [ 1019, 672, 3327, 461, 467 ], "resolved": [ { "table": "#/tables/10", "row": 3, "cell": "t10-3-1" }, { "table": "#/tables/31", "row": null, "whole": false, "not_found": "The question asks for \"Q4 2025 value\" but this table only provides annual data for full years (2024 and 2025), not quarterly breakdowns. The specific quarterly figure for Q4 2025 is not available in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "(379,936)", "unit": "thousands of USD (loan repayments)", "period": "Three Months Ended December 31, 2025", "label": null, "source_id": null, "number": "-379936" }, "cited_ids": [ "t10-3-1", "t10-line-3", "#/tables/10" ], "context_chars": [ 2847, 672, 3327, 461, 467, 18197, 6337, 2104, 2401, 8216 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD in thousands \u2014 loan repayments", "label": null, "value": "(379,936)", "number": "-379936", "period": "Three Months Ended December 31, 2025", "source_id": null }, "answer": "(379,936)", "retrieved": [ { "page": 109, "score": 0.0876, "chunk_id": "#/tables/31", "chunk_type": "table" }, { "page": 109, "score": 0.0541, "chunk_id": "t31-line-12", "chunk_type": "line_item" }, { "page": 109, "score": 0.052, "chunk_id": "t31-line-3", "chunk_type": "line_item" }, { "page": 69, "score": 0.0476, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 141, "score": 0.0455, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 61, "score": 0.0435, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 109, "score": 0.0432, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 68, "score": 0.0429, "chunk_id": "#/tables/10", "chunk_type": "table" }, { "page": 97, "score": 0.0417, "chunk_id": "#/tables/28", "chunk_type": "table" }, { "page": 68, "score": 0.0385, "chunk_id": "#/tables/11", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 3, "bbox": { "top": 0.19905444829150884, "left": 0.2686699262631485, "right": 0.3198594735338797, "bottom": 0.21024052783696337 }, "note": null, "page": 68, "text": "(379,936)", "chart": null, "label": "Page 68.table, cell \u2014 reconciled", "ref_id": "t10-3-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.0 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "No Q4-2025-origination LTV is printed; derived from the Investment Portfolio Summary loans dated in Q4 2025 \u2014 UK Industrial 11/19/25 ($141.4M, 75%), Dallas TX Office 11/7/25 ($92.6M, 52%), Jersey City NJ Multifamily 10/9/25 ($95.0M, 76%), Various Europe Hospitality 12/2/25 ($74.0M, 70%): 27,820.2/403.0 = 69%. The portfolio table shown is partial (senior loans 1-36 only), so other Q4 2025 originations may be excluded." }, "cited_ids": [ "t12-12-4", "t12-12-7", "t12-12-12", "t12-19-4", "t12-19-7", "t12-19-12", "t12-27-4", "t12-27-7", "t12-27-12", "t12-34-4", "t12-34-7", "t12-34-12", "#/tables/12" ], "error": null, "index": 56, "question": "Find Portfolio Details: LTV, new originations: weighted average of LTVs. . Calculate Q4 2025 value", "n_cands": 48, "cand_chars": 94718, "picks": 4, "context_ids": [ "t11-line-8", "#/tables/11", "t13-line-18", "t13-line-34", "#/pictures/1", "#/texts/119", "#/tables/12" ], "context_chars": [ 916, 2325, 1898, 1872, 1150, 196, 18197 ], "resolved": [ { "table": "#/tables/11", "row": null, "whole": false, "not_found": "The question asks for \"Q4 2025 value\" of weighted average LTV for new originations, but the table only shows portfolio statistics as of December 31, 2025 (year-end), not quarterly data. Additionally, the table does not distinguish between new originations and the overall portfolio. The weighted average LTV shown is for the total portfolio, not specifically for new originations in Q4 2025." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for a weighted average LTV of new originations in Q4 2025, which would require identifying which loans were originated in Q4 2025 and then calculating their weighted average LTV. This requires arithmetic across multiple rows and is not a single figure presented in the table. The table shows individual loan LTVs but does not provide a pre-calculated weighted average LTV for Q4 2025 new originations." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "No stated 'new originations' weighted-average LTV is disclosed; value derived from the four loans in the portfolio table with Q4 2025 investment dates (UK Industrial 11/19/25, $141.4M @75%; Dallas Office 11/7/25, $92.6M @52%; Jersey City Multifamily 10/9/25, $95.0M @76%; Europe Hospitality 12/2/25, $74.0M @70%), weighted by outstanding principal = 69%. Note the loan-level table in context is truncated at senior loan 36 of 53, so any additional Q4 2025 originations further down the schedule are not captured." }, "cited_ids": [ "#/tables/12", "t12-12-4", "t12-12-7", "t12-12-12", "t12-19-4", "t12-19-7", "t12-19-12", "t12-27-4", "t12-27-7", "t12-27-12", "t12-34-4", "t12-34-7", "t12-34-12" ], "context_chars": [ 916, 2325, 1898, 1872, 1150, 196, 18197, 247, 247, 245 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "Not printed as such; derived from the portfolio table's four loans with Q4 2025 investment dates (11/19/25 $141.4M @75%, 11/7/25 $92.6M @52%, 10/9/25 $95.0M @76%, 12/2/25 $74.0M @70%), weighted by outstanding principal per footnote (D). The displayed table lists only the 36 largest of 53 loans, so smaller Q4 2025 originations, if any, are not captured." }, "answer": "Not printed as such; derived from the portfolio table's four loans with Q4 2025 investment dates (11/19/25 $141.4M @75%, 11/7/25 $92.6M @52%, 10/9/25 $95.0M @76%, 12/2/25 $74.0M @70%), weighted by outstanding principal per footnote (D). The displayed table lists only the 36 largest of 53 loans, so smaller Q4 2025 originations, if any, are not captured.", "retrieved": [ { "page": 9, "score": 0.0799, "chunk_id": "#/pictures/1", "chunk_type": "picture" }, { "page": 10, "score": 0.063, "chunk_id": "#/texts/119", "chunk_type": "text" }, { "page": 69, "score": 0.0623, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 1, "score": 0.0602, "chunk_id": "#/texts/1571", "chunk_type": "text" }, { "page": 1, "score": 0.0578, "chunk_id": "#/texts/1742", "chunk_type": "text" }, { "page": 1, "score": 0.0562, "chunk_id": "#/texts/1746", "chunk_type": "text" }, { "page": 71, "score": 0.0536, "chunk_id": "#/texts/768", "chunk_type": "text" }, { "page": 71, "score": 0.0534, "chunk_id": "#/texts/764", "chunk_type": "text" }, { "page": 68, "score": 0.051, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 10, "score": 0.0489, "chunk_id": "#/texts/115", "chunk_type": "text" } ], "references": [ { "col": 4, "row": 12, 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Return Q4 2025 value", "n_cands": 45, "cand_chars": 110431, "picks": 2, "context_ids": [ "t32-line-6", "t14-line-5", "t32-line-9", "t14-line-8", "t14-line-6" ], "context_chars": [ 1411, 1256, 1180, 1025, 1062 ], "resolved": [ { "table": "#/tables/32", "row": 6, "cell": "t32-6-3" }, { "table": "#/tables/14", "row": 5, "cell": "t14-5-7" } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "572,191", "unit": "thousands of USD (outstanding principal, risk-rated 5 loans)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "572191" }, "cited_ids": [ "t32-6-3", "t14-5-3", "#/tables/32" ], "context_chars": [ 2912, 2528, 1180, 1025, 1062, 2325, 1159, 2401, 6337, 18197 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "$ in thousands (outstanding principal of risk-rated 5 loans)", "label": null, "value": "572,191", "number": "572191", "period": "December 31, 2025", "source_id": null }, "answer": "572,191", "retrieved": [ { "page": 72, "score": 0.0729, "chunk_id": "#/tables/14", "chunk_type": "table" }, { "page": 110, "score": 0.0729, "chunk_id": "#/tables/32", "chunk_type": "table" }, { "page": 110, "score": 0.0656, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 72, "score": 0.0648, "chunk_id": "t14-line-8", "chunk_type": "line_item" }, { "page": 72, "score": 0.0638, "chunk_id": "t14-line-6", "chunk_type": "line_item" }, { "page": 68, "score": 0.0625, "chunk_id": "#/tables/11", "chunk_type": "table" }, { "page": 110, "score": 0.0611, "chunk_id": "t32-line-2", "chunk_type": "line_item" }, { "page": 109, "score": 0.0604, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 141, "score": 0.0581, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0549, "chunk_id": "#/tables/12", "chunk_type": "table" } ], "references": [ { "col": 3, "row": 6, "bbox": { "top": 0.5132968401668048, "left": 0.4347810433580985, "right": 0.4772647034888174, "bottom": 0.5244829197122594 }, "note": null, "page": 110, "text": "572,191", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t32-6-3", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 3, "row": 5, "bbox": { "top": 0.7255695998066604, "left": 0.4347810433580985, "right": 0.4772647034888174, "bottom": 0.736755679352115 }, "note": null, "page": 72, "text": "572,191", "chart": null, "label": "Page 72.table, cell \u2014 reconciled", "ref_id": "t14-5-3", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 14.6 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The Loan Vintage table (Note 3, December 31, 2025) presents vintage columns for 2025, 2024, 2023, 2022, 2021 and Prior only; there is no 2026 vintage column." }, "cited_ids": [ "#/tables/33" ], "error": null, "index": 63, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2026 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 42, "cand_chars": 133716, "picks": 2, "context_ids": [ "#/tables/33", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 2648, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": null, "whole": false, "not_found": "The table does not contain a 2026 vintage column. The vintage columns shown are: 2025, 2024, 2023, 2022, 2021, and Prior. There is no 2026 data in this table." }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table does not contain information about loan vintage (year of origination). The table shows mortgage loans as of December 31, 2025, organized by type (Senior Loans, Mezzanine Loans) and property type, but does not break down loans by their origination year or vintage. A row showing \"Vintage: 2026\" loans is not present in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a row that aggregates \"Commercial Real Estate Loans \u2014 Vintage: 2026\" or any vintage-year summary rows. The question asks for a loan vintage classification that would require aggregating multiple loans by their origination year, which is not presented as a single row in this table." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The Loan Vintage table (December 31, 2025) presents vintage columns for 2025, 2024, 2023, 2022, 2021 and Prior only; there is no 2026 vintage column in the context." }, "cited_ids": [ "#/tables/33" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The loan vintage table at December 31, 2025 presents vintage columns for 2025, 2024, 2023, 2022, 2021 and Prior only; no 2026 vintage column is disclosed." }, "answer": "The loan vintage table at December 31, 2025 presents vintage columns for 2025, 2024, 2023, 2022, 2021 and Prior only; no 2026 vintage column is disclosed.", "retrieved": [ { "page": 110, "score": 0.0733, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0667, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0623, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0532, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0509, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0433, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.715973593971946, "left": 0.07537581873875038, "right": 0.9233431348613664, "bottom": 0.8957202795780066 }, "note": null, "page": 110, "text": null, "chart": null, "label": "Page 110, table", "ref_id": "#/tables/33", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 17.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 996,802", "unit": "total commercial real estate loans originated in 2025 vintage (dollars in thousands)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "996802" }, "cited_ids": [ "t33-line-7", "t33-7-3" ], "error": null, "index": 64, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2025 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 42, "cand_chars": 127974, "picks": 2, "context_ids": [ "t33-line-7", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 1262, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": 7, "cell": "t33-7-3" }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table shows mortgage loans as of December 31, 2025, but does not contain a \"Loan Vintage\" breakdown or a specific row labeled \"Commercial Real Estate Loans \u2014 Vintage: 2025\". The table is organized by loan type (Senior Loans, Mezzanine Loans) and property type (Industrial, Life Science, Office, Multifamily, etc.), not by vintage year. To answer this question would require data not present in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their investment dates, but does not contain an aggregated figure for \"Commercial Real Estate Loans \u2014 Vintage: 2025\" or a Q4 2025 summary row. The question asks for a specific vintage-year aggregate that would require summing multiple rows (those with 2025 investment dates), which requires arithmetic across rows." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 996,802", "unit": "amortized cost of commercial real estate loans, in thousands (2025 vintage)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "996802" }, "cited_ids": [ "t33-7-3", "#/tables/33" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (amortized cost by loan vintage \u2014 2025 vintage total)", "label": null, "value": "$ 996,802", "number": "996802", "period": "December 31, 2025", "source_id": null }, "answer": "$ 996,802", "retrieved": [ { "page": 110, "score": 0.0739, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0648, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0623, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0526, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0515, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 110, "score": 0.0481, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 3, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.3621405308542688, "right": 0.42824509564568014, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 996,802", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-3", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 86,039", "unit": "total commercial real estate loans originated in the 2024 vintage year (all risk ratings)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "86039" }, "cited_ids": [ "t33-line-7", "t33-7-4", "t33-0-4" ], "error": null, "index": 65, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2024 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 42, "cand_chars": 125982, "picks": 2, "context_ids": [ "t33-line-7", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 1262, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": 7, "cell": "t33-7-4" }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table shows mortgage loans on real estate as of December 31, 2025, organized by loan type and property type, but does not contain any information about loan vintage (origination year) or a breakdown by 2024 vintage loans. The question asks for a specific vintage cohort (2024) which is not presented in this table's structure." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their investment dates, but does not contain a row that aggregates or summarizes \"Commercial Real Estate Loans \u2014 Vintage: 2024\" as a single figure. The question asks for a vintage-year aggregation that would require summing multiple rows (those with 2024 investment dates), which is arithmetic across rows. Only one row in the table has a 2024 investment date (row 36, Philadelphia PA Mixed Use, dated 6/28/2024), but this is a single loan, not the vintage 2024 aggregate requested." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 86,039", "unit": "thousands of USD (amortized cost by loan vintage)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "86039" }, "cited_ids": [ "t33-7-4", "#/tables/33" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 5574, 1180, 15745 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (amortized cost by loan vintage, total)", "label": null, "value": "$ 86,039", "number": "86039", "period": "December 31, 2025", "source_id": null }, "answer": "$ 86,039", "retrieved": [ { "page": 110, "score": 0.0694, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0647, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0613, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0529, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 110, "score": 0.047, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 109, "score": 0.0455, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 94, "score": 0.0417, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 110, "score": 0.0407, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 70, "score": 0.04, "chunk_id": "#/tables/13", "chunk_type": "table" } ], "references": [ { "col": 4, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.44302288379544524, "right": 0.5091274485868567, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 86,039", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-4", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 4, "row": 0, "bbox": { "top": 0.7557463212446733, "left": 0.4636437908496732, "right": 0.4897875816993464, "bottom": 0.7669324007901278 }, "note": null, "page": 110, "text": "2024", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-0-4", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 205,777", "unit": "thousands of U.S. dollars (amortized cost of commercial real estate loans, 2023 vintage)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "205777" }, "cited_ids": [ "t33-line-7", "t33-7-5" ], "error": null, "index": 66, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2023 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 42, "cand_chars": 129215, "picks": 2, "context_ids": [ "t33-line-7", "t33-line-5", "t33-line-2", "#/tables/71", "#/tables/12" ], "context_chars": [ 1262, 960, 961, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": 7, "cell": "t33-7-5" }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table shows mortgage loans on real estate as of December 31, 2025, but does not contain any information about loan vintage (origination year) or a breakdown by 2023 vintage loans. The question asks for \"Commercial Real Estate Loans \u2014 Vintage: 2023\" which would require a different table that categorizes loans by their origination year. This table only shows individual loans and totals without vintage classification." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows a portfolio of individual senior loans with their details as of a specific date, but does not contain aggregated data by vintage year (such as \"Commercial Real Estate Loans \u2014 Vintage: 2023\"). The question asks for loans originated in 2023, but examining the Investment Date column (column 4), there are no loans with 2023 investment dates in this table. The visible loans are dated from 2017-2025, with no entries from 2023. This aggregated vintage data would require information not present in this detailed loan-by-loan portfolio table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 205,777", "unit": "amortized cost, in thousands (2023 vintage total)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "205777" }, "cited_ids": [ "#/tables/33", "t33-7-5", "t33-0-5" ], "context_chars": [ 2648, 960, 961, 6337, 18197, 2401, 2104, 15745, 1697, 8216 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (amortized cost by loan vintage)", "label": null, "value": "$ 205,777", "number": "205777", "period": "December 31, 2025", "source_id": null }, "answer": "$ 205,777", "retrieved": [ { "page": 110, "score": 0.077, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0691, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0599, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0525, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0499, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 110, "score": 0.0473, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 97, "score": 0.0385, "chunk_id": "#/tables/28", "chunk_type": "table" } ], "references": [ { "col": 5, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.5239052367366217, "right": 0.5900098015280331, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 205,777", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-5", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 1,397,773", "unit": "loans outstanding principal by vintage (in thousands, total row)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1397773" }, "cited_ids": [ "t33-line-7", "t33-7-6", "t33-0-6" ], "error": null, "index": 67, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2022 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 43, "cand_chars": 130866, "picks": 2, "context_ids": [ "t33-line-7", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 1262, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": 7, "cell": "t33-7-6" }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table shows mortgage loans on real estate as of December 31, 2025, organized by loan type and property type, but does not contain any information about loan vintage (origination year) or a breakdown by 2022 vintage loans. The question asks for a specific vintage year classification that is not present in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a row that aggregates \"Commercial Real Estate Loans \u2014 Vintage: 2022\" as a single figure. The question asks for a vintage-year aggregate (2022 loans), which would require summing multiple rows based on the Investment Date column. This requires arithmetic across rows, which is outside the scope of identifying a single row that holds the figure." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 1,397,773", "unit": "USD in thousands", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1397773" }, "cited_ids": [ "t33-7-6", "#/tables/33" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands (amortized cost of commercial real estate loans, 2022 vintage)", "label": null, "value": "$ 1,397,773", "number": "1397773", "period": "December 31, 2025", "source_id": null }, "answer": "$ 1,397,773", "retrieved": [ { "page": 110, "score": 0.0754, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0679, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0613, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0527, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0478, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 110, "score": 0.046, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 6, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.6047875896777982, "right": 0.6708921544692096, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 1,397,773", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-6", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.9 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,333,079", "unit": "thousands of USD (total commercial real estate loans amortized cost, 2021 vintage)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2333079" }, "cited_ids": [ "t33-line-7", "t33-7-7" ], "error": null, "index": 68, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2021/Pre-2022 ($ value) (Loan Vintage). Return Q4 2025 value", "n_cands": 43, "cand_chars": 128492, "picks": 2, "context_ids": [ "t33-line-7", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 1262, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": 7, "cell": "t33-7-7" }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table provided is Schedule IV - Mortgage Loans on Real Estate as of December 31, 2025, organized by loan type (Senior Loans, Mezzanine Loans) and property type (Industrial, Life Science, Office, Multifamily, etc.). It does not contain any information about loan vintage (origination year) such as \"2021/Pre-2022\". The question asks for a figure categorized by vintage year, which is not a dimension presented in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a summary row or aggregated figure for \"Commercial Real Estate Loans \u2014 Vintage: 2021/Pre-2022\" or any loan vintage categorization. The question asks for a specific vintage-based aggregate figure that would require summing multiple rows based on investment date, which is not presented as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 2,333,079", "unit": "amortized cost of commercial real estate loans originated in 2021 (total row of loan vintage table)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2333079" }, "cited_ids": [ "#/tables/33", "t33-7-7" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of U.S. dollars (amortized cost of commercial real estate loans, 2021 vintage)", "label": null, "value": "$ 2,333,079", "number": "2333079", "period": "December 31, 2025", "source_id": null }, "answer": "$ 2,333,079", "retrieved": [ { "page": 110, "score": 0.0739, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0648, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0613, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.053, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0508, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0438, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 7, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.6856699426189746, "right": 0.751774507410386, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 2,333,079", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-7", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 18.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 328,286", "unit": "USD in thousands (total amortized cost of commercial real estate loans, \"Prior\" vintage \u2014 originated prior to 2021)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "328286" }, "cited_ids": [ "#/tables/33", "t33-7-8", "t33-0-8" ], "error": null, "index": 69, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2020/Pre-2021 (Loan Vintage). Return Q4 2025 value", "n_cands": 43, "cand_chars": 126949, "picks": 2, "context_ids": [ "#/tables/33", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 2648, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": null, "whole": false, "not_found": "The table does not contain a row for \"Commercial Real Estate Loans \u2014 Vintage: 2020/Pre-2021\". The vintage columns shown are 2025, 2024, 2023, 2022, 2021, and Prior. There is no separate 2020 column, and the \"Prior\" column would include loans before 2021, not specifically 2020. The question asks for a specific vintage year (2020) that is not distinctly presented in this table." }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table provided is Schedule IV - Mortgage Loans on Real Estate as of December 31, 2025, organized by loan type (Senior Loans, Mezzanine Loans) and property type (Industrial, Life Science, Office, Multifamily, etc.). It does not contain any breakdown by loan vintage (2020/Pre-2021). The question asks for a figure organized by vintage year, which is not a dimension presented in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain aggregated figures by vintage year (2020/Pre-2021) or Q4 2025 summary data. The question asks for a specific vintage cohort analysis that would require aggregating multiple rows, which is outside the scope of identifying a single row containing the figure." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 328,286", "unit": "thousands of U.S. dollars (amortized cost of commercial real estate loans, \"Prior\" vintage column)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "328286" }, "cited_ids": [ "#/tables/33", "t33-7-8", "t33-0-8" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "thousands of USD (outstanding principal / amortized cost by vintage) \u2014 \"Prior\" (pre-2021) vintage total", "label": null, "value": "$ 328,286", "number": "328286", "period": "December 31, 2025", "source_id": null }, "answer": "$ 328,286", "retrieved": [ { "page": 110, "score": 0.0739, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0648, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.058, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0527, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0495, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0438, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 8, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.7665522955601511, "right": 0.8326568603515625, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 328,286", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-8", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 18.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 328,286", "unit": "Commercial real estate loans, 'Prior' (pre-2021) vintage total \u2014 the earliest vintage bucket disclosed; no separate 2019/pre-2020 column is presented", "period": "December 31, 2025", "label": null, "source_id": null, "number": "328286" }, "cited_ids": [ "#/tables/33", "t33-7-8", "t33-0-8" ], "error": null, "index": 70, "question": "Find Commercial Real Estate Loans \u2014 Vintage: 2019/Pre-2020 (Loan Vintage). Return Q4 2025 value", "n_cands": 43, "cand_chars": 125034, "picks": 2, "context_ids": [ "#/tables/33", "t33-line-2", "t33-line-5", "#/tables/71", "#/tables/12" ], "context_chars": [ 2648, 961, 960, 6337, 18197 ], "resolved": [ { "table": "#/tables/33", "row": null, "whole": false, "not_found": "The table does not contain a row for Commercial Real Estate Loans with vintage 2019/Pre-2020. The table shows loan vintages for years 2025, 2024, 2023, 2022, 2021, and Prior, but does not break out a specific 2019/Pre-2020 vintage category. The \"Prior\" column (column 8) would include pre-2021 loans, but it is not labeled as 2019/Pre-2020 specifically." }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The table provided is Schedule IV - Mortgage Loans on Real Estate as of December 31, 2025, organized by loan type (Senior Loans and Mezzanine Loans) and property type. It does not contain any information about loan vintage (origination year) such as \"2019/Pre-2020\". The question asks for a figure categorized by vintage year, which is not a dimension presented in this table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain a row that aggregates loans by vintage year (2019/Pre-2020) or provides a Q4 2025 summary value for that vintage cohort. The question asks for a vintage-based aggregate figure that would require summing across multiple rows, which is outside the scope of identifying a single row." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "$ 328,286", "unit": "USD in thousands \u2014 amortized cost of commercial real estate loans by origination vintage, \"Prior\" column (originated prior to 2021)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "328286" }, "cited_ids": [ "#/tables/33", "t33-7-8", "t33-0-8" ], "context_chars": [ 2648, 961, 960, 6337, 18197, 2401, 2104, 15745, 1697, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "USD in thousands \u2014 amortized cost of commercial real estate loans in the \"Prior\" vintage column (originations before 2021; the table does not break out 2019/pre-2020 separately)", "label": null, "value": "$ 328,286", "number": "328286", "period": "December 31, 2025", "source_id": null }, "answer": "$ 328,286", "retrieved": [ { "page": 110, "score": 0.0739, "chunk_id": "t33-line-2", "chunk_type": "line_item" }, { "page": 110, "score": 0.0667, "chunk_id": "t33-line-5", "chunk_type": "line_item" }, { "page": 141, "score": 0.0578, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 69, "score": 0.0527, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 109, "score": 0.0504, "chunk_id": "#/tables/30", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0438, "chunk_id": "#/tables/33", "chunk_type": "table" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 49, "score": 0.04, "chunk_id": "#/texts/549", "chunk_type": "text" }, { "page": 94, "score": 0.0385, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 8, "row": 7, "bbox": { "top": 0.8682842061977194, "left": 0.7665522955601511, "right": 0.8326568603515625, "bottom": 0.8794702857431739 }, "note": null, "page": 110, "text": "$ 328,286", "chart": null, "label": "Page 110.table, cell \u2014 reconciled", "ref_id": "t33-7-8", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 21.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "16.6 %", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "16.6" }, "cited_ids": [ "t36-line-1", "t36-1-1" ], "error": null, "index": 71, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : CA (California) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 45, "cand_chars": 112495, "picks": 2, "context_ids": [ "t36-line-1", "t36-line-1", "#/tables/12", "t36-line-15", "figure-values-p61" ], "context_chars": [ 935, 436, 18197, 431, 2104 ], "resolved": [ { "table": "#/tables/36", "row": 1, "cell": "t36-1-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (CA/California as % of Principal) for Q4 2025, which would require aggregating multiple rows across the table and calculating percentages. This is not a single line item in the table. The table shows individual loan details but does not contain a summary row with geographic concentration percentages by state." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "16.6 %", "unit": "% of commercial real estate loans' principal amounts (California)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "16.6" }, "cited_ids": [ "t36-1-1", "#/tables/36", "t36-line-1" ], "context_chars": [ 2401, 436, 18197, 431, 2104, 1183, 1439, 6337, 1180, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "percentage of commercial real estate loans' principal amounts", "label": null, "value": "16.6 %", "number": "16.6", "period": "December 31, 2025", "source_id": null }, "answer": "16.6 %", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-1", "chunk_type": "line_item" }, { "page": 69, "score": 0.0597, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0563, "chunk_id": "t36-line-15", "chunk_type": "line_item" }, { "page": 112, "score": 0.0551, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0436, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0427, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 94, "score": 0.0423, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 1, "bbox": { "top": 0.31742566041272097, "left": 0.3160620795355903, "right": 0.3541666666666667, "bottom": 0.3286117399581755 }, "note": null, "page": 112, "text": "16.6 %", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-1-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 9.5 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "11.9", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "11.9" }, "cited_ids": [ "t36-line-3", "t36-3-1" ], "error": null, "index": 72, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : MA (Massachusetts) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 45, "cand_chars": 108972, "picks": 2, "context_ids": [ "t36-line-3", "t36-line-3", "#/tables/12", "t36-line-10", "#/tables/71" ], "context_chars": [ 934, 435, 18197, 432, 6337 ], "resolved": [ { "table": "#/tables/36", "row": 3, "cell": "t36-3-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Massachusetts) which would require aggregating multiple rows across the table and calculating percentages. This is not a single line item in the table. The table shows individual loan details but does not contain a summary row with geographic concentration percentages by state." }, { "table": "#/tables/71", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (MA/Massachusetts as % of Principal), but this table shows individual loan details with absolute principal amounts, not geographic concentration percentages. The table does not contain a summary row or section that breaks down the portfolio by geography as a percentage of total principal. While Senior Loan 2 is located in Massachusetts with a principal amount of $229.6 million, this is just one loan detail, not the geographic concentration percentage requested." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "11.9", "unit": "% of commercial real estate loans' principal amounts (Massachusetts)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "11.9" }, "cited_ids": [ "t36-3-1", "#/tables/36", "t36-line-3" ], "context_chars": [ 2401, 435, 18197, 432, 6337, 15745, 2104, 1439, 1183, 1180 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Massachusetts)", "label": null, "value": "11.9", "number": "11.9", "period": "December 31, 2025", "source_id": null }, "answer": "11.9", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-3", "chunk_type": "line_item" }, { "page": 69, "score": 0.0597, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0566, "chunk_id": "t36-line-10", "chunk_type": "line_item" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 141, "score": 0.0481, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 70, "score": 0.0465, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0423, "chunk_id": "t32-line-9", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 3, "bbox": { "top": 0.34962259157739506, "left": 0.3160620795355903, "right": 0.3389378965290543, "bottom": 0.3608086711228496 }, "note": null, "page": 112, "text": "11.9", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-3-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "12.0", "unit": "% of commercial real estate loans' principal amounts (Texas)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "12.0" }, "cited_ids": [ "t36-2-1", "t36-line-2" ], "error": null, "index": 73, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : TX (Texas) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 43, "cand_chars": 110364, "picks": 2, "context_ids": [ "t36-line-2", "t36-line-2", "t36-line-18", "#/tables/12", "#/tables/13" ], "context_chars": [ 926, 427, 432, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 2, "cell": "t36-2-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Texas) which would require aggregating multiple rows across the table and calculating percentages. This is not a single line item in the table. The table shows individual loan details but does not contain a summary row with geographic concentration percentages by state." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided is an Investment Portfolio Summary showing individual investments with their details, but it does not contain aggregated geographic concentration data by state (such as \"% of Principal\" for Texas). The question asks for Q4 2025 geographic concentration data for Texas, which would typically appear in a separate summary table showing portfolio concentration by geography. This table lists individual loans and investments but does not provide the requested geographic concentration percentages." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "12.0", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "12.0" }, "cited_ids": [ "t36-2-1", "t36-line-2", "#/tables/36" ], "context_chars": [ 2401, 427, 432, 18197, 15745, 2104, 6337, 1183, 5574, 1439 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts", "label": null, "value": "12.0", "number": "12.0", "period": "December 31, 2025", "source_id": null }, "answer": "12.0", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-2", "chunk_type": "line_item" }, { "page": 112, "score": 0.0611, "chunk_id": "t36-line-18", "chunk_type": "line_item" }, { "page": 69, "score": 0.054, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0532, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0465, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0428, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 94, "score": 0.0425, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 112, "score": 0.0417, "chunk_id": "#/tables/37", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 2, "bbox": { "top": 0.33352414526120583, "left": 0.3160620795355903, "right": 0.3389378965290543, "bottom": 0.34471022480666036 }, "note": null, "page": 112, "text": "12.0", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-2-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "10.9", "unit": "% of loans' principal amounts (Florida)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "10.9" }, "cited_ids": [ "t36-line-4", "t36-4-1", "t36-0-1" ], "error": null, "index": 74, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : FL (Florida) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 42, "cand_chars": 109244, "picks": 2, "context_ids": [ "t36-line-4", "t36-line-4", "t36-line-2", "#/tables/12", "#/tables/13" ], "context_chars": [ 428, 927, 427, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 4, "cell": "t36-4-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table shows individual senior loans with their details, but does not contain aggregated geographic concentration data or percentages of principal by state. The question asks for Florida's concentration as a percentage of total principal (Q4 2025), which would require summing multiple rows and calculating a percentage. This is arithmetic across rows that is not presented as a single row in the table." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided is an Investment Portfolio Summary showing individual investments with their details, but it does not contain aggregated geographic concentration data or percentages of principal by state. The question asks for \"FL (Florida) (Geography: % of Principal)\" which would be a summary/concentration metric, not a line item in this detailed portfolio listing. This type of geographic concentration data would typically appear in a separate risk or concentration analysis table, not in this individual investment detail table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "10.9", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "10.9" }, "cited_ids": [ "t36-4-1", "t36-line-4", "#/tables/36" ], "context_chars": [ 428, 2401, 427, 18197, 15745, 1183, 2104, 1180, 6337, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts", "label": null, "value": "10.9", "number": "10.9", "period": "December 31, 2025", "source_id": null }, "answer": "10.9", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-4", "chunk_type": "line_item" }, { "page": 112, "score": 0.0605, "chunk_id": "t36-line-2", "chunk_type": "line_item" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 69, "score": 0.0543, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 70, "score": 0.0489, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 110, "score": 0.0462, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0445, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 94, "score": 0.0433, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 4, "bbox": { "top": 0.36572107642587987, "left": 0.3160620795355903, "right": 0.3389378965290543, "bottom": 0.37690715597133445 }, "note": null, "page": 112, "text": "10.9", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-4-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.2 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.2", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.2" }, "cited_ids": [ "t36-line-13", "t36-13-1" ], "error": null, "index": 75, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : VA (Virginia) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 43, "cand_chars": 108206, "picks": 2, "context_ids": [ "t36-line-13", "t36-line-13", "#/tables/12", "t36-line-12", "#/tables/13" ], "context_chars": [ 431, 930, 18197, 429, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 13, "cell": "t36-13-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (VA/Virginia as % of Principal) which is not present in this table. This table shows individual loan details with location information, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by state." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided is an Investment Portfolio Summary showing individual investments by location, property type, and other details. It does not contain aggregated geographic concentration data or percentages by state (such as Virginia's % of principal). The question asks for geographic concentration data (VA % of Principal) which would typically appear in a separate risk concentration or geographic breakdown table, not in this detailed investment-by-investment listing. No row in this table shows Virginia concentration percentages or geographic risk concentration metrics." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.2", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.2" }, "cited_ids": [ "t36-13-1", "t36-line-13" ], "context_chars": [ 431, 2401, 18197, 429, 15745, 2104, 6337, 1439, 1183, 489 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Virginia)", "label": null, "value": "2.2", "number": "2.2", "period": "December 31, 2025", "source_id": null }, "answer": "2.2", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-13", "chunk_type": "line_item" }, { "page": 69, "score": 0.0603, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 112, "score": 0.0517, "chunk_id": "t36-line-12", "chunk_type": "line_item" }, { "page": 70, "score": 0.0477, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 112, "score": 0.0417, "chunk_id": "t37-line-1", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 13, "bbox": { "top": 0.5106074400622436, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.521793519607698 }, "note": null, "page": 112, "text": "2.2", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-13-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 14.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "6.4", "unit": "% of commercial real estate loans' principal amounts (North Carolina)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "6.4" }, "cited_ids": [ "t36-line-5", "t36-5-1", "t36-0-1" ], "error": null, "index": 76, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : NC (North Carolina) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 45, "cand_chars": 111291, "picks": 2, "context_ids": [ "t36-line-5", "t36-line-5", "t36-line-14", "#/tables/12", "#/tables/13" ], "context_chars": [ 434, 933, 430, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 5, "cell": "t36-5-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (NC/North Carolina as % of Principal) for Q4 2025, which would require aggregating data across multiple rows (rows 13 and 14 contain NC properties) and calculating percentages. This requires arithmetic across rows and is not a single line item in the table. The table shows individual loan details but not geographic concentration summaries." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table shows individual investment details and totals by investment type, but does not contain a summary table with geographic concentration data showing NC (North Carolina) as a percentage of principal or concentration of credit risk metrics. The question asks for Q4 2025 geographic concentration data that is not presented in this portfolio summary table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "6.4", "unit": "% of loans' principal amounts (North Carolina)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "6.4" }, "cited_ids": [ "t36-5-1", "t36-line-5", "#/tables/36" ], "context_chars": [ 434, 2401, 430, 18197, 15745, 2104, 1183, 6337, 1439, 1180 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (North Carolina)", "label": null, "value": "6.4", "number": "6.4", "period": "December 31, 2025", "source_id": null }, "answer": "6.4", "retrieved": [ { "page": 112, "score": 0.0746, "chunk_id": "t36-line-5", "chunk_type": "line_item" }, { "page": 112, "score": 0.0581, "chunk_id": "t36-line-14", "chunk_type": "line_item" }, { "page": 69, "score": 0.0567, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0567, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0478, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0442, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0432, "chunk_id": "t32-line-9", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 5, "bbox": { "top": 0.3818195612743647, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.3930056408198193 }, "note": null, "page": 112, "text": "6.4", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-5-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "5.2", "unit": "% of commercial real estate loans' principal amounts (Washington D.C.)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "5.2" }, "cited_ids": [ "t36-line-6", "t36-6-1" ], "error": null, "index": 77, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : DC (District of Columbia) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 41, "cand_chars": 108123, "picks": 2, "context_ids": [ "t36-line-6", "t36-line-6", "t36-line-9", "#/tables/12", "#/tables/13" ], "context_chars": [ 435, 934, 430, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 6, "cell": "t36-6-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (DC as % of Principal) which would require aggregating multiple rows across the table and calculating percentages. This is not a single line item in the table. The table shows individual loan details but does not contain a summary row with geographic concentration percentages by location." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided is an Investment Portfolio Summary showing individual investments by location, but it does not contain aggregated geographic concentration data for DC (District of Columbia) or any geographic breakdown showing \"% of Principal\" or \"Concentration of Credit Risk\" by geography. The question asks for Q4 2025 geographic concentration data that is not present in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "5.2", "unit": "% of loans' principal amounts (Washington D.C.)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "5.2" }, "cited_ids": [ "t36-6-1", "t36-line-6", "#/tables/36" ], "context_chars": [ 435, 2401, 430, 18197, 15745, 2104, 1183, 6337, 1180, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (Washington D.C.)", "label": null, "value": "5.2", "number": "5.2", "period": "December 31, 2025", "source_id": null }, "answer": "5.2", "retrieved": [ { "page": 112, "score": 0.0619, "chunk_id": "t36-line-6", "chunk_type": "line_item" }, { "page": 112, "score": 0.0617, "chunk_id": "t36-line-9", "chunk_type": "line_item" }, { "page": 69, "score": 0.061, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.053, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0464, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0439, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0425, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 94, "score": 0.0419, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 6, "bbox": { "top": 0.3979180461228496, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.4091041256683041 }, "note": null, "page": 112, "text": "5.2", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-6-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.3 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.5", "unit": "% of commercial real estate loans' principal amounts (New York)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.5" }, "cited_ids": [ "t36-line-8", "t36-8-1", "t36-0-1" ], "error": null, "index": 78, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : NY (New York) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 42, "cand_chars": 109241, "picks": 2, "context_ids": [ "t36-line-8", "t36-line-8", "t36-line-15", "#/tables/12", "#/tables/13" ], "context_chars": [ 428, 927, 431, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 8, "cell": "t36-8-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (NY % of Principal) which is not present in this table. This table shows individual senior loan details with locations, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by state." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided is an Investment Portfolio Summary showing individual investments and their details, but it does not contain aggregated geographic concentration data or percentages of principal by geography (such as \"NY % of Principal\"). The question asks for a specific metric (NY concentration as % of principal) that would require aggregating data across multiple rows by geography, which is not presented as a summary row in this table. Additionally, the question specifies \"Q4 2025 value\" but this table does not appear to be dated or segmented by quarters." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.5", "unit": "% of loans' principal amounts (New York)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.5" }, "cited_ids": [ "t36-8-1", "t36-line-8", "#/tables/36" ], "context_chars": [ 428, 2401, 431, 18197, 15745, 2104, 1439, 489, 6337, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (New York)", "label": null, "value": "4.5", "number": "4.5", "period": "December 31, 2025", "source_id": null }, "answer": "4.5", "retrieved": [ { "page": 112, "score": 0.0746, "chunk_id": "t36-line-8", "chunk_type": "line_item" }, { "page": 112, "score": 0.0602, "chunk_id": "t36-line-15", "chunk_type": "line_item" }, { "page": 69, "score": 0.0573, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0539, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.048, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 94, "score": 0.0427, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 8, "bbox": { "top": 0.4301150158198193, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.44130109536527384 }, "note": null, "page": 112, "text": "4.5", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-8-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.1 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.7", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.7" }, "cited_ids": [ "t36-line-7", "t36-7-1" ], "error": null, "index": 79, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : PA (Pennsylvania) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 46, "cand_chars": 114434, "picks": 2, "context_ids": [ "t36-line-7", "t36-line-7", "t36-line-19", "#/tables/12", "t32-line-9" ], "context_chars": [ 432, 931, 431, 18197, 1180 ], "resolved": [ { "table": "#/tables/36", "row": 7, "cell": "t36-7-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Pennsylvania) which is not present in this table. This table shows individual loan details with outstanding principal amounts, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by state. Such summary data would typically appear in a separate summary or concentration table, not in this detailed portfolio listing." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.7", "unit": "% of loans' principal amounts (Pennsylvania geographic concentration)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.7" }, "cited_ids": [ "t36-7-1", "t36-line-7", "#/tables/36" ], "context_chars": [ 432, 2401, 431, 18197, 1180, 1183, 2104, 6337, 15745, 8216 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Pennsylvania)", "label": null, "value": "4.7", "number": "4.7", "period": "December 31, 2025", "source_id": null }, "answer": "4.7", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-7", "chunk_type": "line_item" }, { "page": 112, "score": 0.0635, "chunk_id": "t36-line-19", "chunk_type": "line_item" }, { "page": 69, "score": 0.0571, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 110, "score": 0.0465, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 110, "score": 0.0462, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 70, "score": 0.0417, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 97, "score": 0.04, "chunk_id": "#/tables/28", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 7, "bbox": { "top": 0.41401653097133445, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.425202610516789 }, "note": null, "page": 112, "text": "4.7", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-7-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.2", "unit": "percentage of commercial real estate loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.2" }, "cited_ids": [ "t36-line-9", "t36-9-1" ], "error": null, "index": 80, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : WA (Washington) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 43, "cand_chars": 116589, "picks": 2, "context_ids": [ "t36-line-9", "t36-line-9", "t36-line-6", "t12-line-3", "#/tables/13" ], "context_chars": [ 430, 929, 435, 1539, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 9, "cell": "t36-9-1" }, { "table": "#/tables/12", "row": 3, "cell": "t12-3-2" }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table shows an Investment Portfolio Summary as of a specific date, but does not contain Q4 2025 values or geographic concentration data by state. The question asks for \"Concentration of Credit Risk\" data for Washington (WA) in Q4 2025, which is not presented in this portfolio table. The table lists individual investments with their locations but does not provide geographic concentration metrics or forward-looking Q4 2025 data." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "4.2", "unit": "% of loans' principal amounts (geographic concentration)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "4.2" }, "cited_ids": [ "t36-9-1", "t36-line-9", "#/tables/36" ], "context_chars": [ 430, 2401, 435, 18197, 15745, 2104, 6337, 1439, 482, 489 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts", "label": null, "value": "4.2", "number": "4.2", "period": "December 31, 2025", "source_id": null }, "answer": "4.2", "retrieved": [ { "page": 112, "score": 0.0709, "chunk_id": "t36-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.0682, "chunk_id": "t36-line-6", "chunk_type": "line_item" }, { "page": 69, "score": 0.0652, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 70, "score": 0.0466, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 112, "score": 0.0424, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 112, "score": 0.0417, "chunk_id": "t37-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.04, "chunk_id": "t37-line-1", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 9, "bbox": { "top": 0.4462135006683041, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.4573995802137587 }, "note": null, "page": 112, "text": "4.2", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-9-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "3.6", "unit": "% of commercial real estate loans' principal amounts (Minnesota)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "3.6" }, "cited_ids": [ "t36-line-10", "t36-10-1" ], "error": null, "index": 81, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : MN (Minnesota) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 43, "cand_chars": 109854, "picks": 2, "context_ids": [ "t36-line-10", "t36-line-10", "t36-line-3", "#/tables/12", "#/tables/13" ], "context_chars": [ 432, 931, 435, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 10, "cell": "t36-10-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Minnesota) which is not present in this table. This table shows individual loan details with location information, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by geography. Such summary data would typically appear in a separate summary or concentration table, not in this detailed portfolio listing." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided shows an Investment Portfolio Summary with detailed loan and investment data, but it does not contain geographic concentration data broken down by state (such as Minnesota/MN) or percentage of principal by geography. The table lists individual investments with their locations, but does not provide a summary row showing geographic concentration percentages or credit risk concentration by state. This type of data would typically appear in a separate geographic concentration or credit risk analysis table, not in this portfolio detail table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "3.6", "unit": "% of commercial real estate loans' principal amounts (Minnesota)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "3.6" }, "cited_ids": [ "t36-10-1", "t36-10-0", "#/texts/1207" ], "context_chars": [ 432, 2401, 435, 18197, 15745, 1183, 2104, 1439, 1180, 256 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts", "label": null, "value": "3.6", "number": "3.6", "period": "December 31, 2025", "source_id": null }, "answer": "3.6", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-10", "chunk_type": "line_item" }, { "page": 112, "score": 0.0635, "chunk_id": "t36-line-3", "chunk_type": "line_item" }, { "page": 69, "score": 0.0581, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0482, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0466, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 110, "score": 0.0465, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0445, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.0436, "chunk_id": "#/texts/1207", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 10, "bbox": { "top": 0.462311985516789, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.4734980650622435 }, "note": null, "page": 112, "text": "3.6", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-10-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 0, "row": 10, "bbox": { "top": 0.462311985516789, "left": 0.09620915207208372, "right": 0.15139870238459968, "bottom": 0.4734980650622435 }, "note": null, "page": 112, "text": "Minnesota", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-10-0", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.8", "unit": "% of commercial real estate loans' principal amounts (Nevada)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.8" }, "cited_ids": [ "t36-line-12", "t36-12-1" ], "error": null, "index": 82, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : NV (Nevada) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 44, "cand_chars": 112064, "picks": 2, "context_ids": [ "t36-line-12", "t36-line-12", "#/tables/12", "t36-line-16", "#/tables/13" ], "context_chars": [ 928, 429, 18197, 430, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 12, "cell": "t36-12-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Nevada) which is not present in this table. This table shows individual loan details with outstanding principal amounts, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by state. Such summary data would typically appear in a separate portfolio summary or concentration table, not in this detailed loan-by-loan listing." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table shows individual investment details but does not contain a summary row with geographic concentration data showing Nevada (NV) as a percentage of total principal or concentration of credit risk. The question asks for Q4 2025 geographic concentration data by state, which would require aggregating data across multiple rows and is not presented as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.8", "unit": "% of loans' principal amounts (Nevada)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.8" }, "cited_ids": [ "t36-12-1", "t36-line-12", "#/tables/36" ], "context_chars": [ 2401, 429, 18197, 430, 15745, 2104, 489, 6337, 1180, 1183 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (Nevada)", "label": null, "value": "2.8", "number": "2.8", "period": "December 31, 2025", "source_id": null }, "answer": "2.8", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-12", "chunk_type": "line_item" }, { "page": 69, "score": 0.0604, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 112, "score": 0.0534, "chunk_id": "t36-line-16", "chunk_type": "line_item" }, { "page": 70, "score": 0.048, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0435, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0431, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-8", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 12, "bbox": { "top": 0.4945089552137587, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.5056950347592132 }, "note": null, "page": 112, "text": "2.8", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-12-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 14.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.1", "unit": "% of commercial real estate loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.1" }, "cited_ids": [ "t36-line-14", "t36-14-1" ], "error": null, "index": 83, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : GA (Georgia) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 44, "cand_chars": 113052, "picks": 2, "context_ids": [ "t36-line-14", "t36-line-14", "#/tables/12", "t36-line-12", "#/tables/13" ], "context_chars": [ 929, 430, 18197, 429, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 14, "cell": "t36-14-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows individual senior loan details by location and property type, but does not contain aggregated geographic concentration data by state (such as Georgia/GA as a percentage of total principal). The question asks for geographic concentration data showing GA's percentage of principal, which would typically appear in a summary or concentration table, not in this detailed portfolio listing table. This specific figure is not present in the provided table." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table shows individual investment details by location but does not contain a summary row or section that breaks down portfolio concentration by geography (such as \"GA (Georgia)\" as a percentage of total principal). The question asks for geographic concentration data (% of Principal) for Georgia in Q4 2025, which would require aggregating multiple rows and is not presented as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.1", "unit": "% of commercial real estate loans' principal amounts (Georgia)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.1" }, "cited_ids": [ "t36-14-1", "t36-line-14", "#/tables/36" ], "context_chars": [ 2401, 430, 18197, 429, 15745, 2104, 1439, 1183, 1180, 482 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts", "label": null, "value": "2.1", "number": "2.1", "period": "December 31, 2025", "source_id": null }, "answer": "2.1", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-14", "chunk_type": "line_item" }, { "page": 69, "score": 0.0563, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.053, "chunk_id": "t36-line-12", "chunk_type": "line_item" }, { "page": 112, "score": 0.0497, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0468, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0448, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.044, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.0435, "chunk_id": "t37-line-9", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 14, "bbox": { "top": 0.5267059249107284, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.5378920044561829 }, "note": null, "page": 112, "text": "2.1", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-14-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 15.8 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.8", "unit": "% of commercial real estate loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.8" }, "cited_ids": [ "t36-line-16", "t36-16-1" ], "error": null, "index": 84, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : AZ (Arizona) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 41, "cand_chars": 114584, "picks": 2, "context_ids": [ "t36-line-16", "t36-line-16", "t12-line-35", "t36-line-12", "#/tables/25" ], "context_chars": [ 430, 929, 1561, 429, 5574 ], "resolved": [ { "table": "#/tables/36", "row": 16, "cell": "t36-16-1" }, { "table": "#/tables/12", "row": 35, "cell": "t12-35-2" }, { "table": "#/tables/25", "row": null, "whole": false, "not_found": "The table provided is a Consolidated Balance Sheet showing total assets and liabilities as of December 31, 2025 and 2024. It does not contain geographic breakdown data or concentration of credit risk by state (AZ/Arizona). The question asks for Portfolio Details with geographic data, which would typically be found in a separate schedule or note to the financial statements, not in this balance sheet." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.8", "unit": "% of commercial real estate loans' principal amounts (Arizona)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.8" }, "cited_ids": [ "t36-16-1", "t36-line-16", "#/tables/36" ], "context_chars": [ 430, 2401, 18197, 429, 5574, 15745, 2104, 482, 6337, 1439 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (Arizona)", "label": null, "value": "1.8", "number": "1.8", "period": "December 31, 2025", "source_id": null }, "answer": "1.8", "retrieved": [ { "page": 112, "score": 0.0709, "chunk_id": "t36-line-16", "chunk_type": "line_item" }, { "page": 69, "score": 0.0563, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0504, "chunk_id": "t36-line-12", "chunk_type": "line_item" }, { "page": 112, "score": 0.0471, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 94, "score": 0.047, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 70, "score": 0.0469, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 16, "bbox": { "top": 0.558902894607698, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.5700889741531526 }, "note": null, "page": 112, "text": "1.8", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-16-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 14.3 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.7", "unit": "% of commercial real estate loans' principal amounts (Illinois)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.7" }, "cited_ids": [ "t36-17-1", "t36-line-17" ], "error": null, "index": 85, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : IL (Illinois) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 41, "cand_chars": 107937, "picks": 2, "context_ids": [ "t36-line-17", "t36-line-17", "t36-line-3", "#/tables/12", "#/tables/13" ], "context_chars": [ 431, 930, 435, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 17, "cell": "t36-17-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (IL/Illinois as % of Principal) for Q4 2025, which would be a summary statistic aggregating multiple loans. This table shows individual loan details, not portfolio-level geographic concentration percentages. The requested figure requires calculation across rows (summing all Illinois loans' principal amounts and dividing by total portfolio principal) and is not presented as a single row in this table." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table provided shows an Investment Portfolio Summary with detailed line items for individual loans and investments organized by category (Senior Loans, Real Estate Assets, CMBS Investments, Other Investments), but it does not contain geographic concentration data broken down by state (such as Illinois/IL) or a \"Concentration of Credit Risk\" metric by geography. The question asks for Q4 2025 geographic concentration data for Illinois, which is not present in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.7", "unit": "% of loans' principal amounts (Illinois)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.7" }, "cited_ids": [ "t36-17-1", "t36-line-17", "#/tables/36" ], "context_chars": [ 431, 2401, 435, 18197, 15745, 2104, 1439, 6337, 1183, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (Illinois)", "label": null, "value": "1.7", "number": "1.7", "period": "December 31, 2025", "source_id": null }, "answer": "1.7", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-17", "chunk_type": "line_item" }, { "page": 112, "score": 0.0585, "chunk_id": "t36-line-3", "chunk_type": "line_item" }, { "page": 69, "score": 0.058, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0552, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0463, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.043, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 94, "score": 0.0421, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 17, "bbox": { "top": 0.5750013794561829, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.5861874590016375 }, "note": null, "page": 112, "text": "1.7", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-17-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 14.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.4", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.4" }, "cited_ids": [ "t36-line-18", "t36-18-1" ], "error": null, "index": 86, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : TN (Tennessee) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 43, "cand_chars": 110923, "picks": 2, "context_ids": [ "t36-line-18", "t36-line-18", "#/tables/13", "#/tables/12", "t36-line-14" ], "context_chars": [ 432, 931, 15745, 18197, 430 ], "resolved": [ { "table": "#/tables/36", "row": 18, "cell": "t36-18-1" }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The table shows individual investment details but does not contain a summary row with geographic concentration data showing Tennessee (TN) as a percentage of total principal or concentration of credit risk metrics. The question asks for Q4 2025 geographic concentration data that is not presented in this portfolio summary table." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows individual senior loan details with geographic locations, but does not contain aggregated geographic concentration data by state (such as Tennessee/TN). The question asks for a specific geographic concentration metric (% of Principal for TN), which would typically appear in a summary or concentration table, not in this detailed portfolio listing. This row does not exist in the provided table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.4", "unit": "% of loans' principal amounts (Tennessee)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.4" }, "cited_ids": [ "t36-18-1", "t36-line-18" ], "context_chars": [ 432, 2401, 15745, 18197, 430, 2104, 6337, 1439, 1183, 5574 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Tennessee)", "label": null, "value": "1.4", "number": "1.4", "period": "December 31, 2025", "source_id": null }, "answer": "1.4", "retrieved": [ { "page": 112, "score": 0.0635, "chunk_id": "t36-line-18", "chunk_type": "line_item" }, { "page": 70, "score": 0.0592, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 69, "score": 0.0565, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0554, "chunk_id": "t36-line-14", "chunk_type": "line_item" }, { "page": 112, "score": 0.053, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 110, "score": 0.0423, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 94, "score": 0.0417, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 18, "bbox": { "top": 0.5910998643046678, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.6022859438501224 }, "note": null, "page": 112, "text": "1.4", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-18-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 16.4 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.3", "unit": "% of commercial real estate loans' principal amounts (Colorado)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.3" }, "cited_ids": [ "t36-line-19", "t36-19-1" ], "error": null, "index": 87, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : CO (Colorado) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 40, "cand_chars": 107852, "picks": 2, "context_ids": [ "t36-line-19", "t36-line-19", "t36-line-18", "#/tables/12", "#/tables/13" ], "context_chars": [ 431, 930, 432, 18197, 15745 ], "resolved": [ { "table": "#/tables/36", "row": 19, "cell": "t36-19-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows individual senior loan details by location and property type, but does not contain aggregated geographic concentration data for Colorado (CO) or any other state. The question asks for geographic concentration data (% of Principal) for Colorado as of Q4 2025, which would typically appear in a summary or concentration table, not in this detailed portfolio listing table. This specific figure is not present in the provided table." }, { "table": "#/tables/13", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for Colorado) from Q4 2025, which would require aggregating data across multiple rows and calculating percentages. This table shows individual loan details and totals by investment type, but does not contain a pre-calculated geographic breakdown or concentration of credit risk by state. The figure would need to be computed from the underlying loan data rather than appearing as a single row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.3", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.3" }, "cited_ids": [ "t36-19-1", "t36-19-0", "#/tables/36", "#/texts/1207" ], "context_chars": [ 431, 2401, 432, 18197, 15745, 2104, 1439, 5574, 6337, 256 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amounts (Colorado)", "label": null, "value": "1.3", "number": "1.3", "period": "December 31, 2025", "source_id": null }, "answer": "1.3", "retrieved": [ { "page": 112, "score": 0.0703, "chunk_id": "t36-line-19", "chunk_type": "line_item" }, { "page": 112, "score": 0.056, "chunk_id": "t36-line-18", "chunk_type": "line_item" }, { "page": 69, "score": 0.0547, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0531, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 70, "score": 0.0465, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 94, "score": 0.0439, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/texts/1207", "chunk_type": "text" } ], "references": [ { "col": 1, "row": 19, "bbox": { "top": 0.6071983491531526, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.6183844286986072 }, "note": null, "page": 112, "text": "1.3", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-19-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" }, { "col": 0, "row": 19, "bbox": { "top": 0.6071983491531526, "left": 0.09620915207208372, "right": 0.14486275467218138, "bottom": 0.6183844286986072 }, "note": null, "page": 112, "text": "Colorado", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-19-0", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 17.3 }, { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The concentration of credit risk table lists geographies individually (California, Texas, Massachusetts, etc.) with a residual 'Other U.S.' of 0.8; Alabama (AL) is not separately disclosed." }, "cited_ids": [ "#/tables/36" ], "error": null, "index": 88, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : AL (Alabama) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 42, "cand_chars": 109323, "picks": 1, "context_ids": [ "#/tables/36", "#/tables/12", "t36-line-3", "t36-line-12" ], "context_chars": [ 2401, 18197, 435, 429 ], "resolved": [ { "table": "#/tables/36", "row": null, "whole": false, "not_found": "Alabama is not listed as a separate row in this table. The table shows specific states and regions with their percentages, but Alabama is not among them. It would be included in the \"Other U.S.\" category, which is a combined figure, not Alabama-specific data." }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The table provided shows individual senior loan details by location and property type, but does not contain aggregated geographic concentration data by state (such as Alabama/AL). The question asks for geographic concentration data showing the percentage of principal by state, which would typically appear in a summary or concentration table, not in this detailed portfolio listing. This specific data point is not present in the table shown." } ], "baseline": { "shape": "unanswerable", "payload": { "kind": "unanswerable", "reason": "The Concentration of Credit Risk geography table lists California, Texas, Massachusetts, Florida, North Carolina, Washington D.C., Pennsylvania, New York, Washington, Minnesota, United Kingdom, Nevada, Virginia, Georgia, New Jersey, Arizona, Illinois, Tennessee, Colorado, Other Europe and Other U.S. \u2014 no separate line for Alabama (AL) is disclosed." }, "cited_ids": [ "#/tables/36" ], "context_chars": [ 2401, 18197, 435, 429, 1439, 15745, 2104, 1183, 1180, 482 ] }, "old": { "shape": "unanswerable", "value": { "kind": "unanswerable", "reason": "The December 31, 2025 geographic concentration table lists California, Texas, Massachusetts, Florida, North Carolina, Washington D.C., Pennsylvania, New York, Washington, Minnesota, United Kingdom, Nevada, Virginia, Georgia, New Jersey, Arizona, Illinois, Tennessee, Colorado, Other Europe and Other U.S. \u2014 Alabama (AL) is not separately disclosed." }, "answer": "The December 31, 2025 geographic concentration table lists California, Texas, Massachusetts, Florida, North Carolina, Washington D.C., Pennsylvania, New York, Washington, Minnesota, United Kingdom, Nevada, Virginia, Georgia, New Jersey, Arizona, Illinois, Tennessee, Colorado, Other Europe and Other U.S. \u2014 Alabama (AL) is not separately disclosed.", "retrieved": [ { "page": 69, "score": 0.0565, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0561, "chunk_id": "t36-line-3", "chunk_type": "line_item" }, { "page": 112, "score": 0.056, "chunk_id": "t36-line-12", "chunk_type": "line_item" }, { "page": 112, "score": 0.053, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 112, "score": 0.0476, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 70, "score": 0.0471, "chunk_id": "#/tables/13", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0452, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0435, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 112, "score": 0.0435, "chunk_id": "t37-line-9", "chunk_type": "line_item" } ], "references": [ { "col": null, "row": null, "bbox": { "top": 0.2266652271001026, "left": 0.07107843137254902, "right": 0.5180556353400735, "bottom": 0.6666799217763574 }, "note": null, "page": 112, "text": null, "chart": null, "label": "Page 112, table", "ref_id": "#/tables/36", "status": null, "flagged": false, "segment": null, "ref_type": "table" } ] }, "seconds": 13.0 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.9", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.9" }, "cited_ids": [ "t36-line-15", "t36-15-1" ], "error": null, "index": 89, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : NJ (New Jersey) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 42, "cand_chars": 109719, "picks": 2, "context_ids": [ "t36-line-15", "t36-line-15", "t36-line-8", "#/tables/12", "figure-values-p61" ], "context_chars": [ 431, 930, 428, 18197, 2104 ], "resolved": [ { "table": "#/tables/36", "row": 15, "cell": "t36-15-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for New Jersey) which is not present in this table. This table shows individual loan details with outstanding principal amounts, but does not contain aggregated geographic concentration percentages or credit risk concentration metrics by geography." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.9", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.9" }, "cited_ids": [ "t36-15-1", "t36-line-15", "#/tables/36" ], "context_chars": [ 431, 2401, 428, 18197, 2104, 5574, 1439, 6337, 1180, 1183 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of commercial real estate loans' principal amount", "label": null, "value": "1.9", "number": "1.9", "period": "December 31, 2025", "source_id": null }, "answer": "1.9", "retrieved": [ { "page": 112, "score": 0.0754, "chunk_id": "t36-line-15", "chunk_type": "line_item" }, { "page": 112, "score": 0.0634, "chunk_id": "t36-line-8", "chunk_type": "line_item" }, { "page": 112, "score": 0.0576, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 69, "score": 0.0551, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 94, "score": 0.0442, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 110, "score": 0.0427, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 110, "score": 0.0423, "chunk_id": "t32-line-8", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 15, "bbox": { "top": 0.5428044097592132, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.5539904893046678 }, "note": null, "page": 112, "text": "1.9", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-15-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 10.7 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.9", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.9" }, "cited_ids": [ "t36-line-11", "t36-11-1" ], "error": null, "index": 90, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : UK (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 40, "cand_chars": 107090, "picks": 2, "context_ids": [ "t36-line-11", "t36-line-11", "t36-line-20", "#/tables/12", "#/tables/37" ], "context_chars": [ 435, 934, 433, 18197, 1439 ], "resolved": [ { "table": "#/tables/36", "row": 11, "cell": "t36-11-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (UK as % of Principal) for Q4 2025, which would be a summary metric or aggregate figure. The table provided shows individual loan details with locations, but does not contain a summary row or section that breaks down portfolio concentration by geography as a percentage of total principal. This type of data would typically appear in a separate summary or concentration table, not in the detailed loan-by-loan listing shown here." }, { "table": "#/tables/37", "row": null, "whole": false, "not_found": "The table does not contain UK geographic data. The table shows collateral property types (Multifamily, Office, Industrial, etc.) with their concentration percentages for December 31, 2025 and 2024, but does not break down the portfolio by geography including UK. Geographic data by country is not presented in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "2.9", "unit": "% of commercial real estate loans' principal amounts (United Kingdom)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "2.9" }, "cited_ids": [ "t36-11-1", "t36-line-11", "#/tables/36" ], "context_chars": [ 435, 2401, 433, 18197, 1439, 2104, 6337, 489, 5574, 1183 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (geography concentration)", "label": null, "value": "2.9", "number": "2.9", "period": "December 31, 2025", "source_id": null }, "answer": "2.9", "retrieved": [ { "page": 112, "score": 0.0655, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 112, "score": 0.0607, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 69, "score": 0.0556, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0455, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0446, "chunk_id": "#/tables/36", "chunk_type": "table" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 94, "score": 0.0433, "chunk_id": "#/tables/25", "chunk_type": "table" }, { "page": 110, "score": 0.0429, "chunk_id": "t32-line-8", "chunk_type": "line_item" } ], "references": [ { "col": 1, "row": 11, "bbox": { "top": 0.47841047036527384, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.4895965499107284 }, "note": null, "page": 112, "text": "2.9", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-11-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 13.1 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.1", "unit": "% of loans' principal amounts", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.1" }, "cited_ids": [ "t36-line-20", "t36-20-1" ], "error": null, "index": 91, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : Other Europe (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 41, "cand_chars": 107574, "picks": 2, "context_ids": [ "t36-line-20", "t36-line-20", "t36-line-11", "#/tables/12", "t37-line-1" ], "context_chars": [ 433, 932, 435, 18197, 489 ], "resolved": [ { "table": "#/tables/36", "row": 20, "cell": "t36-20-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for \"Other Europe (Geography: % of Principal)\" concentration data, which is not present in this table. This table shows individual senior loan details with geographic locations, but does not contain aggregated geographic concentration percentages or a row specifically labeled \"Other Europe\" with a percentage of principal figure. The table lists individual loans by location but does not provide summary geographic concentration metrics." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "1.1", "unit": "% of loans' principal amounts (Geography: Other Europe)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "1.1" }, "cited_ids": [ "t36-20-1", "t36-line-20", "#/tables/36" ], "context_chars": [ 433, 2401, 435, 18197, 489, 2104, 1183, 1180, 6337, 1439 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Other Europe geography concentration)", "label": null, "value": "1.1", "number": "1.1", "period": "December 31, 2025", "source_id": null }, "answer": "1.1", "retrieved": [ { "page": 112, "score": 0.0698, "chunk_id": "t36-line-20", "chunk_type": "line_item" }, { "page": 112, "score": 0.0585, "chunk_id": "t36-line-11", "chunk_type": "line_item" }, { "page": 69, "score": 0.0567, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 110, "score": 0.0446, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0439, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 112, "score": 0.0435, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 94, "score": 0.0425, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 20, "bbox": { "top": 0.6232968340016375, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.634482913547092 }, "note": null, "page": 112, "text": "1.1", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-20-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 10.6 }, { "shape": "scalar", "payload": { "kind": "scalar", "value": "0.8", "unit": "% of commercial real estate loans' principal amounts (Geography: Other U.S.)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "0.8" }, "cited_ids": [ "t36-line-21", "t36-21-1" ], "error": null, "index": 92, "question": "Find Portfolio Details: Commercial Real Estate Loans \u2014 Geographic data : Other US (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value", "n_cands": 41, "cand_chars": 108180, "picks": 2, "context_ids": [ "t36-line-21", "t36-line-21", "t36-line-2", "#/tables/12", "#/tables/37" ], "context_chars": [ 433, 932, 427, 18197, 1439 ], "resolved": [ { "table": "#/tables/36", "row": 21, "cell": "t36-21-1" }, { "table": "#/tables/12", "row": null, "whole": false, "not_found": "The question asks for geographic concentration data (% of Principal for \"Other US\" geography) from Q4 2025, which would typically appear in a summary or concentration table. The provided table shows individual senior loan details with locations, but does not contain aggregated geographic concentration percentages or a \"Other US\" category summary row. This type of data would require arithmetic across multiple rows and would appear in a different table (likely a portfolio summary or concentration analysis table), not in this detailed loan-by-loan portfolio table." }, { "table": "#/tables/37", "row": null, "whole": false, "not_found": "The question asks for \"Other US\" geographic data for Q4 2025, but the table only shows collateral property types (Multifamily, Office, Industrial, etc.), not geographic breakdowns. The first column header mentions \"Geography, December 31, 2024\" but the actual rows contain property types, not geographic regions. There is no \"Other US\" row in this table." } ], "baseline": { "shape": "scalar", "payload": { "kind": "scalar", "value": "0.8", "unit": "% of loans' principal amounts (Geography: Other U.S.)", "period": "December 31, 2025", "label": null, "source_id": null, "number": "0.8" }, "cited_ids": [ "t36-21-1", "t36-line-21", "#/tables/36" ], "context_chars": [ 433, 2401, 427, 18197, 1439, 2104, 489, 1183, 1180, 6337 ] }, "old": { "shape": "scalar", "value": { "kind": "scalar", "unit": "% of loans' principal amounts (Other U.S. geography concentration)", "label": null, "value": "0.8", "number": "0.8", "period": "December 31, 2025", "source_id": null }, "answer": "0.8", "retrieved": [ { "page": 112, "score": 0.0601, "chunk_id": "t36-line-21", "chunk_type": "line_item" }, { "page": 112, "score": 0.0589, "chunk_id": "t36-line-2", "chunk_type": "line_item" }, { "page": 69, "score": 0.057, "chunk_id": "#/tables/12", "chunk_type": "table" }, { "page": 112, "score": 0.0476, "chunk_id": "#/tables/37", "chunk_type": "table" }, { "page": 61, "score": 0.0455, "chunk_id": "figure-values-p61", "chunk_type": "figure_values" }, { "page": 112, "score": 0.0455, "chunk_id": "t37-line-1", "chunk_type": "line_item" }, { "page": 110, "score": 0.0443, "chunk_id": "t32-line-8", "chunk_type": "line_item" }, { "page": 110, "score": 0.0439, "chunk_id": "t32-line-9", "chunk_type": "line_item" }, { "page": 141, "score": 0.0435, "chunk_id": "#/tables/71", "chunk_type": "table" }, { "page": 94, "score": 0.0424, "chunk_id": "#/tables/25", "chunk_type": "table" } ], "references": [ { "col": 1, "row": 21, "bbox": { "top": 0.6393953573824179, "left": 0.32259802724800857, "right": 0.3389378965290543, "bottom": 0.6505814369278725 }, "note": null, "page": 112, "text": "0.8", "chart": null, "label": "Page 112.table, cell \u2014 reconciled", "ref_id": "t36-21-1", "status": "reconciled", "flagged": false, "segment": null, "ref_type": "tableCell" } ] }, "seconds": 12.1 } ] }