 STRSStratus Properties Inc. | Real Estate | 25.88% | 0% | 1 yr | $154.2M | C |
| LFTLFTLument Finance Trust, Inc. | Real Estate | 23.35% | 260% | 0 yr | $36.8M | D |
 ORCOrchid Island Capital, Inc. | Real Estate | 20.92% | 79% | 0 yr | — | C |
 AHT-PDAshford Hospitality Trust Inc 8 | Real Estate | 20.59% | — | 0 yr | — | C |
 SACHSachem Capital Corp. | Real Estate | 19.90% | 500% | 0 yr | $39.0M | D |
 AHT-PIAshford Hospitality Trust, Inc. | Real Estate | 19.53% | — | 0 yr | — | C |
 IVRINVESCO MORTGAGE CAPITAL INC | Real Estate | 19.49% | 90% | 0 yr | $762.8M | C |
 AHT-PGAshford Hospitality Trust, Inc. | Real Estate | 18.93% | — | 0 yr | — | C |
 AHT-PHAshford Hospitality Trust, Inc. | Real Estate | 18.44% | — | 0 yr | — | C |
 REFIChicago Atlantic Real Estate Finance, Inc. | Real Estate | 18.37% | 131% | 0 yr | $262.1M | D |
 SOHOBSotherly Hotels Inc. | Real Estate | 18.18% | — | 0 yr | — | C |
 ABRArbor Realty Trust | Real Estate | 17.54% | 1189% | 0 yr | $1.1B | D |
 ARRARMOUR Residential REIT, Inc. | Real Estate | 17.41% | 65% | 0 yr | $2.4B | C |
 PMTPennyMac Mortgage Investment Tr | Real Estate | 17.06% | 111% | 0 yr | — | D |
 CHMICherry Hill Mortgage Investment Corporation | Real Estate | 16.60% | 300% | 0 yr | $109.1M | D |
 GPMTGranite Point Mortgage Trust Inc. | Real Estate | 16.13% | 588% | 0 yr | $59.9M | D |
| XRNXRNChiron Real Estate Inc. | Real Estate | 15.98% | 145% | 0 yr | $508.3M | D |
 DXDynex Capital, Inc. | Real Estate | 15.96% | 65% | 2 yr | $3.2B | C |
 MFAMFA Financial, Inc. | Real Estate | 15.84% | 143% | 1 yr | $928.0M | D |
 RWTRedwood Trust, Inc. | Real Estate | 15.75% | 329% | 1 yr | $587.9M | D |
 SUNSSunrise Realty Trust, Inc. | Real Estate | 15.52% | 126% | 0 yr | $101.2M | D |
 MITTTPG Mortgage Investment Trust, Inc. | Real Estate | 15.19% | 212% | 2 yr | $214.0M | D |
 ARIApollo Commercial Real Estate Finance, Inc. | Real Estate | 15.04% | 123% | 0 yr | $861.6M | D |
 SEVNSeven Hills Realty Trust | Real Estate | 14.95% | 163% | 0 yr | $171.7M | D |
 AHT-PFAshford Hospitality Trust, Inc. | Real Estate | 14.59% | — | 0 yr | — | C |
 AOMRAngel Oak Mortgage REIT, Inc. | Real Estate | 14.30% | 173% | 0 yr | $223.7M | D |
 FBRTFranklin BSP Realty Trust, Inc. | Real Estate | 14.21% | 258% | 0 yr | $660.2M | D |
 CIMChimera Investment Corporation | Real Estate | 14.01% | 86% | 1 yr | $995.4M | C |
 CLPRClipper Realty Inc. | Real Estate | 13.57% | 0% | 0 yr | $123.6M | C |
 AGNCAGNC Investment Corp. | Real Estate | 13.40% | 72% | 0 yr | $12.9B | C |
 BXMTBlackstone Mortgage Trust, Inc. | Real Estate | 13.27% | 2350% | 0 yr | $2.5B | D |
 IIPRInnovative Industrial Properties, Inc. | Real Estate | 13.24% | 172% | 8 yr | $1.7B | D |
 SQFTPPresidio Property Trust, Inc. | Real Estate | 13.23% | — | 0 yr | — | C |
 NLYAnnaly Capital Management, Inc. | Real Estate | 13.09% | 69% | 1 yr | $17.4B | C |
 BRSPBrightSpire Capital, Inc. | Real Estate | 13.06% | 2000% | 0 yr | $626.3M | D |
 ACREAres Commercial Real Estate Corporation | Real Estate | 13.02% | 2267% | 0 yr | $262.4M | D |
 RC-PCReady Capital Corporation | Real Estate | 12.80% | — | 0 yr | — | C |
 CMRFCIM Group, Inc. | Real Estate | 12.37% | — | 0 yr | $926.7M | C |
 BHR-PDBraemar Hotels & Resorts Inc. | Real Estate | 12.36% | — | 0 yr | — | C |
 RC-PEReady Capital Corporation | Real Estate | 12.27% | — | 0 yr | — | C |
 TRTXTPG RE Finance Trust, Inc. | Real Estate | 12.12% | 175% | 0 yr | $614.2M | D |
 NREFNexPoint Real Estate Finance, Inc. | Real Estate | 11.69% | 78% | 0 yr | $383.1M | C |
 CHCTCommunity Healthcare Trust Incorporated | Real Estate | 11.66% | 284% | 10 yr | $431.8M | D |
 RPTRithm Property Trust Inc. | Real Estate | 11.66% | 343% | 0 yr | $98.2M | D |
 EFCEllington Financial Inc. | Real Estate | 11.58% | 98% | 0 yr | $1.8B | D |
 STWDStarwood Property Trust, Inc. | Real Estate | 11.53% | 325% | 0 yr | $6.3B | D |
 LFT-PALument Finance Trust, Inc. | Real Estate | 11.41% | — | 0 yr | — | C |
 TWOTwo Harbors Investment Corp. | Real Estate | 11.31% | 76% | 0 yr | $1.3B | C |
 NLCPNewLake Capital Partners, Inc. | Real Estate | 10.82% | 146% | 4 yr | $330.2M | D |
 MITT-PCTPG Mortgage Investment Trust, Inc. | Real Estate | 10.72% | — | 2 yr | — | C |
 MRPMillrose Properties, Inc. | Real Estate | 10.69% | 105% | 0 yr | $4.9B | D |
 LOANManhattan Bridge Capital, Inc. | Real Estate | 10.58% | 108% | 0 yr | $47.1M | D |
| ADAMADAMMAdamas Trust, Inc. - 7.875% Ser | Real Estate | 10.58% | — | 1 yr | — | C |
 BPYPOBrookfield Property Partners L.P. | Real Estate | 10.53% | — | 0 yr | — | C |
 NXDT-PANexPoint Diversified Real Estate Trust | Real Estate | 10.44% | — | 0 yr | — | C |
 GPMT-PAGranite Point Mortgage Trust Inc. | Real Estate | 10.42% | — | 0 yr | — | C |
 BDNBrandywine Realty Trust | Real Estate | 10.39% | 543% | 0 yr | $535.4M | D |
 CHMI-PBCherry Hill Mortgage Investment Corporation | Real Estate | 10.37% | — | 0 yr | $299.2M | C |
 MFA-PCMFA Financial, Inc. | Real Estate | 10.36% | — | 1 yr | — | C |
 BPYPNBrookfield Property Partners L.P. | Real Estate | 10.35% | — | 0 yr | — | C |
