Strong Net Investment Income
Net investment income was $28.6 million, up from $27.9 million in Q4 2024 and $24.6 million in Q1 2024.
Positive Distributable Income and Dividend Coverage
Distributable income was $0.19 per share with a payout ratio of 93%, maintaining a stable dividend.
Increase in Portfolio Size
The portfolio is 10% or $100 million higher than Q1 of last year.
Reduction in Credit Facility Utilization
The balance on the credit facility was reduced to $331 million from $396 million at the end of Q4 2024.
Sale of Senior Living Facilities
Successfully closed the sale of 3 senior living facilities, freeing up capital for higher-yielding mortgages.