Strong Distributable Earnings
Reported distributable earnings of $159 million or $0.48 per share, with a GAAP net income of $76 million or $0.23 per share.
Significant New Investments
Committed $2.1 billion towards new investments this quarter, with 60% in businesses other than commercial lending.
Robust Loan Origination and Repayment
Originated $848 million in commercial loans and received $1.1 billion in repayments, with a year-to-date total of $2.6 billion.
Infrastructure Lending Growth
Committed $527 million to new loans in infrastructure lending, expecting a 15% levered IRR.
Strong Liquidity Position
Enhanced liquidity with $392 million of common stock issuance and $400 million in senior unsecured sustainability notes, leading to current liquidity of $1.8 billion.
Record Pipeline in CRE Lending
CRE lending pipeline is the strongest it has been in 2 years, with expectations for an increase in investment pace.