ICRP: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, ICRP has $552,764K in assets. $321,700K in debts. $70,878K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	70,878	27,025
Restricted cash	2,988	-
Commercial mortgage loans at cost	383,549	515,188
Allowance for credit losses	8,162	11,309
Carrying value	375,387	503,879
Real estate owned, net of depreciation	93,414	76,769
Acquired lease intangible assets, net	4,656	2,542
Due from related parties	-	1,023
Deferred debt finance costs	767	1,096
Accrued interest receivable	1,268	2,210
Due from related parties	555	-
Prepaid expenses and other assets	2,851	1,846
Total assets	552,764	616,390

Repurchase agreements	242,270	317,852
Loan participations sold, net	47,141	47,753
Due to related parties	-	1,481
Mortgage loan payable, net	23,804	-
Acquired lease intangible liabilities, net	639	356
Due to related parties	1,137	-
Accrued interest payable	2,513	2,216
Distributions payable	1,052	1,052
Accrued expenses and other liabilities	3,144	2,336
Total liabilities	321,700	373,046
6.75 series a cumulative redeemable preferred stock, 0.001 par value, 4,025,000 shares authorized and 3,544,553 shares issued and outstanding as of september 30, 2025 and december 31, 2024	4	4
Common stock-Common Class P	9	9
Common stock-Common Class A	1	1
Common stock-Common Class T	0	0
Common stock-Common Class S	0	0
Common stock-Common Class D	0	0
Common stock-Common Class I	0	0
Additional paid in capital	340,570	340,562
Accumulated deficit	-109,520	-97,232
Total stockholders equity	231,064	243,344
Total liabilities and stockholders equity	552,764	616,390