 STRSStratus Properties Inc. | Real Estate | 24.13% | 0% | 1 yr | $165.4M | C |
 SQFTPPresidio Property Trust, Inc. | Real Estate | 20.97% | — | 0 yr | — | C |
 ABRArbor Realty Trust, Inc. | Real Estate | 20.66% | 300% | 0 yr | $1.1B | D |
 AHT-PDAshford Hospitality Trust, Inc. | Real Estate | 20.31% | — | 0 yr | — | C |
 ORCOrchid Island Capital, Inc. | Real Estate | 19.85% | 152% | 0 yr | $1.4B | D |
 AHT-PIAshford Hospitality Trust, Inc. | Real Estate | 18.80% | — | 0 yr | — | C |
 SACHSachem Capital Corp. | Real Estate | 18.74% | 500% | 0 yr | $41.0M | D |
 AHT-PHAshford Hospitality Trust, Inc. | Real Estate | 18.53% | — | 0 yr | — | C |
 SOHOBSotherly Hotels Inc. | Real Estate | 18.18% | — | 0 yr | — | C |
 IVRInvesco Mortgage Capital Inc. | Real Estate | 17.78% | 179% | 0 yr | $829.4M | D |
 AHT-PGAshford Hospitality Trust, Inc. | Real Estate | 17.74% | — | 0 yr | — | C |
 REFIChicago Atlantic Real Estate Finance, Inc. | Real Estate | 17.70% | 131% | 0 yr | $226.4M | D |
 ARRARMOUR Residential REIT, Inc. | Real Estate | 17.34% | 116% | 0 yr | $2.1B | D |
| LFTLFTLument Finance Trust, Inc. | Real Estate | 17.29% | 260% | 0 yr | $48.5M | D |
 CHMICherry Hill Mortgage Investment Corporation | Real Estate | 17.02% | 300% | 0 yr | $87.6M | D |
 PMTPennyMac Mortgage Investment Trust | Real Estate | 16.16% | 138% | 0 yr | $863.3M | D |
 DXDynex Capital, Inc. | Real Estate | 15.30% | 96% | 2 yr | $2.9B | D |
 MFAMFA Financial, Inc. | Real Estate | 15.24% | 164% | 1 yr | $964.8M | D |
| XRNXRNChiron Real Estate Inc. | Real Estate | 15.12% | 1114% | 0 yr | $595.8M | D |
 GPMTGranite Point Mortgage Trust Inc. | Real Estate | 14.49% | 588% | 0 yr | $66.1M | D |
 SUNSSunrise Realty Trust, Inc. | Real Estate | 14.48% | 122% | 0 yr | $112.2M | D |
 AHT-PFAshford Hospitality Trust, Inc. | Real Estate | 14.47% | — | 0 yr | — | C |
 ARIApollo Commercial Real Estate Finance, Inc. | Real Estate | 14.33% | 123% | 0 yr | $914.0M | D |
 RWTRedwood Trust, Inc. | Real Estate | 14.06% | 329% | 1 yr | $641.1M | D |
 AOMRAngel Oak Mortgage REIT, Inc. | Real Estate | 14.02% | 203% | 0 yr | $227.5M | D |
 RC-PEReady Capital Corporation | Real Estate | 13.65% | — | 0 yr | — | C |
 FBRTFranklin BSP Realty Trust, Inc. | Real Estate | 13.60% | 248% | 0 yr | $628.0M | D |
 RPTRithm Property Trust Inc. | Real Estate | 13.22% | 343% | 0 yr | $84.6M | D |
 SEVNSeven Hills Realty Trust | Real Estate | 13.15% | 130% | 0 yr | $192.7M | D |
 CLPRClipper Realty Inc. | Real Estate | 13.15% | 0% | 0 yr | $122.8M | C |
 RC-PCReady Capital Corporation | Real Estate | 13.05% | — | 0 yr | — | C |
 NLYAnnaly Capital Management, Inc. | Real Estate | 13.04% | 90% | 1 yr | $16.9B | D |
 ACREAres Commercial Real Estate Corporation | Real Estate | 12.99% | 2267% | 0 yr | $256.3M | D |
 AGNCAGNC Investment Corp. | Real Estate | 12.83% | 113% | 0 yr | $12.9B | D |
 CIMChimera Investment Corporation | Real Estate | 12.71% | 86% | 1 yr | $1.1B | C |
 MITTTPG Mortgage Investment Trust, Inc. | Real Estate | 12.57% | 212% | 2 yr | $243.0M | D |
 BHR-PDBraemar Hotels & Resorts Inc. | Real Estate | 11.99% | — | 0 yr | — | C |
 NREFNexPoint Real Estate Finance, Inc. | Real Estate | 11.83% | 78% | 0 yr | $389.5M | C |
 IIPRInnovative Industrial Properties, Inc. | Real Estate | 11.79% | 194% | 8 yr | $1.9B | D |
 BRSPBrightSpire Capital, Inc. | Real Estate | 11.66% | 2000% | 0 yr | $715.2M | D |
 EFCEllington Financial Inc. | Real Estate | 11.53% | 96% | 0 yr | $1.7B | D |
 STWDStarwood Property Trust, Inc. | Real Estate | 11.29% | 202% | 0 yr | $6.5B | D |
 TWOTwo Harbors Investment Corp. | Real Estate | 11.25% | 76% | 0 yr | $1.3B | C |
 NLCPNewLake Capital Partners, Inc. | Real Estate | 11.22% | 138% | 4 yr | $321.2M | D |
 BXMTBlackstone Mortgage Trust, Inc. | Real Estate | 11.01% | 313% | 0 yr | $2.9B | D |
 TRTXTPG RE Finance Trust, Inc. | Real Estate | 10.97% | 150% | 0 yr | $676.4M | D |
 LFT-PALument Finance Trust, Inc. | Real Estate | 10.84% | — | 0 yr | — | C |
 MITT-PCAG Mortgage Investment Trust, Inc. | Real Estate | 10.77% | — | 2 yr | — | C |
 RITMRithm Capital Corp. | Real Estate | 10.73% | 92% | 0 yr | $5.2B | D |
| ADAMADAMAdamas Trust, Inc. | Real Estate | 10.70% | 76% | 1 yr | $807.0M | C |
 NXDTNexPoint Diversified Real Estate Trust | Real Estate | 10.68% | 54% | 0 yr | $290.7M | C |
| ADAMADAMMAdamas Trust, Inc. | Real Estate | 10.63% | — | 1 yr | — | C |
 BPYPOBrookfield Property Partners L.P. | Real Estate | 10.63% | — | 0 yr | — | C |
 BPYPNBrookfield Property Partners L.P. | Real Estate | 10.50% | — | 0 yr | — | C |
 MRPMillrose Properties, Inc. | Real Estate | 10.47% | 105% | 0 yr | $4.9B | D |
 NXDT-PANexPoint Diversified Real Estate Trust | Real Estate | 10.43% | — | 0 yr | — | C |
 BPYPPBrookfield Property Partners L.P. | Real Estate | 10.38% | — | 0 yr | — | C |
 MFA-PCMFA Financial, Inc. | Real Estate | 10.35% | — | 1 yr | — | C |
 CIM-PBChimera Investment Corporation | Real Estate | 10.31% | — | 0 yr | — | C |
 CHMI-PBCherry Hill Mortgage Investment Corporation | Real Estate | 10.27% | — | 0 yr | $302.0M | C |
