What changed
As of September 30, 2026, total NAV was $164,740 thousand across 8,173,237 outstanding shares. Class J NAV per share was $20.1472 on 7,777,301 shares; Class E NAV per share was $20.3299 on 395,936 shares. Components included residential transition loans at fair value of $448,931 thousand, residential mortgage loans at fair value of $214,359 thousand, and secured financings at fair value of $(512,944) thousand.
Why it matters
As of September 30, 2026, total NAV was $164,740 thousand across 8,173,237 outstanding shares. Class J NAV per share was $20.1472 on 7,777,301 shares; Class E NAV per share was $20.3299 on 395,936 sha