 SQFTPPresidio Property Trust, Inc. | Real Estate | 25.90% | — | 4 yr | — | C |
| OPPPOPPPFOpen House Group Co., Ltd. | Real Estate | 25.60% | 20% | 1 yr | $4.2B | C |
 ABRArbor Realty Trust, Inc. | Real Estate | 20.54% | 300% | 0 yr | $1.1B | D |
 AHT-PDAshford Hospitality Trust, Inc. | Real Estate | 18.76% | — | 18 yr | — | B |
 AHT-PIAshford Hospitality Trust, Inc. | Real Estate | 18.41% | — | 8 yr | — | C |
 ORCOrchid Island Capital, Inc. | Real Estate | 18.40% | 152% | 1 yr | $1.3B | D |
 SOHOBSotherly Hotels Inc. | Real Estate | 18.18% | — | 6 yr | — | C |
 IVRInvesco Mortgage Capital Inc. | Real Estate | 18.14% | 179% | 0 yr | $737.0M | D |
 AHT-PHAshford Hospitality Trust, Inc. | Real Estate | 17.86% | — | 8 yr | — | C |
 AHT-PGAshford Hospitality Trust, Inc. | Real Estate | 17.56% | — | 9 yr | — | C |
 ARRARMOUR Residential REIT, Inc. | Real Estate | 16.84% | 116% | 1 yr | $2.1B | D |
 CHMICherry Hill Mortgage Investment Corporation | Real Estate | 16.81% | 300% | 0 yr | $88.7M | D |
 AHT-PFAshford Hospitality Trust, Inc. | Real Estate | 16.70% | — | 9 yr | — | C |
 REFIChicago Atlantic Real Estate Finance, Inc. | Real Estate | 16.53% | 131% | 3 yr | $241.1M | D |
 CMRFCIM Real Estate Finance Trust, Inc. | Real Estate | 16.17% | — | 0 yr | $1.0B | C |
 PMTPennyMac Mortgage Investment Trust | Real Estate | 15.81% | 138% | 2 yr | $882.5M | D |
 DXDynex Capital, Inc. | Real Estate | 15.78% | 96% | 5 yr | $2.8B | D |
| XRNXRNChiron Real Estate Inc. | Real Estate | 15.45% | 1114% | 0 yr | $533.2M | D |
 SACHSachem Capital Corp. | Real Estate | 15.38% | 500% | 0 yr | $49.9M | D |
 MFAMFA Financial, Inc. | Real Estate | 15.29% | 164% | 2 yr | $961.7M | D |
 AOMRAngel Oak Mortgage REIT, Inc. | Real Estate | 15.17% | 203% | 2 yr | $210.3M | D |
| LFTLFTLument Finance Trust, Inc. | Real Estate | 14.81% | 260% | 0 yr | $56.6M | D |
 SUNSSunrise Realty Trust, Inc. | Real Estate | 14.05% | 122% | 0 yr | $115.4M | D |
 AGNCAGNC Investment Corp. | Real Estate | 13.96% | 113% | 5 yr | $11.8B | D |
 RWTRedwood Trust, Inc. | Real Estate | 13.71% | 329% | 2 yr | $657.4M | D |
 NLYAnnaly Capital Management, Inc. | Real Estate | 13.64% | 90% | 2 yr | $16.1B | D |
 GPMTGranite Point Mortgage Trust Inc. | Real Estate | 13.61% | 588% | 1 yr | $70.4M | D |
 SEVNSeven Hills Realty Trust | Real Estate | 13.32% | 130% | 0 yr | $190.0M | D |
 RC-PEReady Capital Corporation | Real Estate | 13.10% | — | 4 yr | — | C |
 RC-PCReady Capital Corporation | Real Estate | 12.65% | — | 4 yr | — | C |
 NREFNexPoint Real Estate Finance, Inc. | Real Estate | 12.60% | 78% | 1 yr | $365.6M | C |
 IIPRInnovative Industrial Properties, Inc. | Real Estate | 12.56% | 194% | 8 yr | $1.8B | D |
 MITTTPG Mortgage Investment Trust, Inc. | Real Estate | 12.29% | 212% | 2 yr | $248.4M | D |
 CIMChimera Investment Corporation | Real Estate | 12.28% | 86% | 1 yr | $1.1B | C |
 NXDTNexPoint Diversified Real Estate Trust | Real Estate | 12.17% | 54% | 4 yr | $255.0M | C |
 ACREAres Commercial Real Estate Corporation | Real Estate | 12.17% | 2267% | 0 yr | $273.5M | D |
 BHR-PDBraemar Hotels & Resorts Inc. | Real Estate | 11.97% | — | 7 yr | — | C |
 CLPRClipper Realty Inc. | Real Estate | 11.52% | 0% | 8 yr | $140.2M | C |
 TWOTwo Harbors Investment Corp. | Real Estate | 11.44% | 76% | 0 yr | $1.3B | C |
 EFCEllington Financial Inc. | Real Estate | 11.40% | 96% | 1 yr | $1.7B | D |
 BRSPBrightSpire Capital, Inc. | Real Estate | 11.39% | 2000% | 0 yr | $732.2M | D |
 STWDStarwood Property Trust, Inc. | Real Estate | 11.29% | 202% | 16 yr | $6.5B | D |
 NLCPNewLake Capital Partners, Inc. | Real Estate | 11.21% | 138% | 4 yr | $321.6M | D |
 TRTXTPG RE Finance Trust, Inc. | Real Estate | 11.18% | 150% | 4 yr | $664.1M | D |
 MITT-PCTPG Mortgage Investment Trust, Inc. | Real Estate | 10.87% | — | 4 yr | — | C |
 RITMRithm Capital Corp. | Real Estate | 10.74% | 92% | 5 yr | $5.2B | D |
 MFA-PCMFA Financial, Inc. | Real Estate | 10.66% | — | 5 yr | — | C |
 CHCTCommunity Healthcare Trust Incorporated | Real Estate | 10.64% | 1579% | 10 yr | $511.7M | D |
| ADAMADAMMAdamas Trust, Inc. - 7.875% Ser | Real Estate | 10.60% | — | 6 yr | — | C |
 BPYPOBrookfield Property Partners L.P. | Real Estate | 10.55% | — | 5 yr | — | C |
 CIM-PBChimera Investment Corporation | Real Estate | 10.53% | — | 0 yr | — | C |
 BPYPPBrookfield Property Partners L.P. | Real Estate | 10.50% | — | 6 yr | — | C |
 MRPMillrose Properties, Inc. | Real Estate | 10.44% | 105% | 0 yr | $4.8B | D |
 LFT-PALument Finance Trust, Inc. | Real Estate | 10.41% | — | 4 yr | — | C |
 NXDT-PANexPoint Diversified Real Estate Trust | Real Estate | 10.35% | — | 4 yr | — | C |
 RWT-PARedwood Trust, Inc. | Real Estate | 10.33% | — | 2 yr | — | C |
| ADAMADAMAdamas Trust, Inc. | Real Estate | 10.31% | 76% | 1 yr | $836.6M | C |
 BPYPNBrookfield Property Partners L.P. | Real Estate | 10.30% | — | 5 yr | — | C |
 CHMI-PBCherry Hill Mortgage Investment Corporation | Real Estate | 10.27% | — | 0 yr | $301.9M | C |
 BXMTBlackstone Mortgage Trust, Inc. | Real Estate | 10.24% | 313% | 0 yr | $3.1B | D |
