 SQFTPPresidio Property Trust, Inc. | Real Estate | 25.42% | — | 4 yr | — | C |
 ABRArbor Realty Trust, Inc. | Real Estate | 20.19% | 300% | 0 yr | $1.1B | D |
 CHMICherry Hill Mortgage Investment Corporation | Real Estate | 19.07% | 233% | 0 yr | $87.8M | D |
 AHT-PDAshford Hospitality Trust, Inc. | Real Estate | 18.76% | — | 18 yr | — | B |
 IVRInvesco Mortgage Capital Inc. | Real Estate | 18.46% | 179% | 0 yr | $729.6M | D |
 AHT-PIAshford Hospitality Trust, Inc. | Real Estate | 18.41% | — | 8 yr | — | C |
 SOHOBSotherly Hotels Inc. | Real Estate | 18.18% | — | 6 yr | — | C |
 ORCOrchid Island Capital, Inc. | Real Estate | 18.18% | 152% | 1 yr | $1.3B | 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 |
| LFTLFTLument Finance Trust, Inc. | Real Estate | 17.31% | 260% | 0 yr | $54.3M | D |
 REFIChicago Atlantic Real Estate Finance, Inc. | Real Estate | 17.01% | 131% | 3 yr | $238.2M | D |
 ARRARMOUR Residential REIT, Inc. | Real Estate | 16.87% | 116% | 1 yr | $2.1B | D |
 SACHSachem Capital Corp. | Real Estate | 16.81% | 500% | 0 yr | $57.2M | D |
 AHT-PFAshford Hospitality Trust, Inc. | Real Estate | 16.70% | — | 9 yr | — | C |
| XRNXRNChiron Real Estate Inc. | Real Estate | 16.43% | 1114% | 0 yr | $511.6M | D |
 AOMRAngel Oak Mortgage REIT, Inc. | Real Estate | 16.04% | 203% | 2 yr | $198.8M | D |
 PMTPennyMac Mortgage Investment Trust | Real Estate | 15.97% | 138% | 2 yr | $889.9M | D |
 DXDynex Capital, Inc. | Real Estate | 15.95% | 96% | 5 yr | $2.8B | D |
 MFAMFA Financial, Inc. | Real Estate | 15.74% | 164% | 2 yr | $954.2M | D |
 CMRFCIM Real Estate Finance Trust, Inc. | Real Estate | 14.45% | — | 0 yr | $1.1B | C |
 AGNCAGNC Investment Corp. | Real Estate | 14.16% | 113% | 5 yr | $11.7B | D |
 SUNSSunrise Realty Trust, Inc. | Real Estate | 14.13% | 122% | 0 yr | $116.7M | D |
 RWTRedwood Trust, Inc. | Real Estate | 13.79% | 329% | 2 yr | $668.7M | D |
 CIMChimera Investment Corporation | Real Estate | 13.70% | 86% | 1 yr | $1.1B | C |
 IIPRInnovative Industrial Properties, Inc. | Real Estate | 13.27% | 194% | 8 yr | $1.7B | D |
 NLYAnnaly Capital Management, Inc. | Real Estate | 13.23% | 90% | 2 yr | $15.6B | D |
 SEVNSeven Hills Realty Trust | Real Estate | 13.19% | 130% | 0 yr | $193.9M | D |
 GPMTGranite Point Mortgage Trust Inc. | Real Estate | 13.16% | 588% | 1 yr | $74.3M | D |
 RC-PEReady Capital Corporation | Real Estate | 13.00% | — | 4 yr | — | C |
 NREFNexPoint Real Estate Finance, Inc. | Real Estate | 12.89% | 78% | 1 yr | $360.5M | C |
 MITTTPG Mortgage Investment Trust, Inc. | Real Estate | 12.68% | 212% | 2 yr | $243.9M | D |
 ACREAres Commercial Real Estate Corporation | Real Estate | 12.27% | 2267% | 0 yr | $271.3M | D |
 BHR-PDBraemar Hotels & Resorts Inc. | Real Estate | 12.13% | — | 7 yr | — | C |
 RC-PCReady Capital Corporation | Real Estate | 12.07% | — | 4 yr | — | C |
 EFCEllington Financial Inc. | Real Estate | 11.68% | 96% | 1 yr | $1.7B | D |
 BRSPBrightSpire Capital, Inc. | Real Estate | 11.64% | 2000% | 0 yr | $724.3M | D |
 CLPRClipper Realty Inc. | Real Estate | 11.62% | 0% | 8 yr | $138.0M | C |
 NLCPNewLake Capital Partners, Inc. | Real Estate | 11.61% | 138% | 4 yr | $310.1M | D |
 TRTXTPG RE Finance Trust, Inc. | Real Estate | 11.46% | 150% | 4 yr | $655.2M | D |
 NXDTNexPoint Diversified Real Estate Trust | Real Estate | 11.41% | 54% | 4 yr | $276.7M | C |
 TWOTwo Harbors Investment Corp. | Real Estate | 11.41% | 76% | 0 yr | $1.3B | C |
 STWDStarwood Property Trust, Inc. | Real Estate | 11.34% | 202% | 16 yr | $6.5B | D |
 CHCTCommunity Healthcare Trust Incorporated | Real Estate | 11.21% | 1579% | 10 yr | $491.4M | D |
 RITMRithm Capital Corp. | Real Estate | 11.09% | 92% | 5 yr | $5.1B | D |
 MRPMillrose Properties, Inc. | Real Estate | 11.04% | 105% | 0 yr | $4.7B | D |
 MITT-PCTPG Mortgage Investment Trust, Inc. | Real Estate | 10.93% | — | 4 yr | — | C |
| ADAMADAMMAdamas Trust, Inc. - 7.875% Ser | Real Estate | 10.77% | — | 6 yr | — | C |
 BPYPOBrookfield Property Partners L.P. | Real Estate | 10.59% | — | 5 yr | — | C |
 CHMI-PBCherry Hill Mortgage Investment Corporation | Real Estate | 10.57% | — | 0 yr | $297.6M | C |
 BPYPNBrookfield Property Partners L.P. | Real Estate | 10.52% | — | 5 yr | — | C |
 BDNBrandywine Realty Trust | Real Estate | 10.49% | 543% | 1 yr | $542.0M | D |
 NXDT-PANexPoint Diversified Real Estate Trust | Real Estate | 10.49% | — | 4 yr | — | C |
 BPYPPBrookfield Property Partners L.P. | Real Estate | 10.48% | — | 6 yr | — | C |
 BXMTBlackstone Mortgage Trust, Inc. | Real Estate | 10.44% | 313% | 0 yr | $3.1B | D |
 LFT-PALument Finance Trust, Inc. | Real Estate | 10.43% | — | 4 yr | — | C |
 LOANManhattan Bridge Capital, Inc. | Real Estate | 10.38% | 105% | 2 yr | $48.5M | D |
 CIM-PBChimera Investment Corporation | Real Estate | 10.28% | — | 0 yr | — | C |
 RWT-PARedwood Trust, Inc. | Real Estate | 10.28% | — | 2 yr | — | C |
 RPTRithm Property Trust Inc. | Real Estate | 10.25% | 343% | 1 yr | $110.9M | D |
