Analyst Summary
- The company’s NAV per share as of February 28, 2025, is $16.2805.
- Total net asset value attributable to common stock is $164.726 million.
- The NAV calculation follows board-approved valuation guidelines.
- The company has suspended the sale of shares in the primary portion of its public offering and through its amended and restated distribution reinvestment plan since January 30, 2023.
- Major components of NAV include commercial mortgage loans ($556.753 million), real estate owned ($43.746 million), and cash and cash equivalents and restricted cash ($60.263 million), offset by repurchase agreements, loan participations sold, and other liabilities.