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rates, interest about lending would highlights an and in renewal addition, on a income.
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details, financial press you into release. If the soon-to-be-filed insight additional review XX-Q please need any our and
increase the for XX, primarily increase million ended XX, revenue to an to mortgage X XXXX, was compared ended approximately revenue an X The $XX.X or June increase of the approximately million June months in expanded and attributable XXXX, XX.X%. operations. approximately million lending months in $X.X First, for total $X.X our is portfolio
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investments ] income, the our Income XXXX from period income and $XXX,XXX [ XXXX partnership net for the period. unrelated rental operations, investment for compared to was income $XXX,XXX to lending approximately comparable including
and of I'll compared on available approximately XXXX, expenses period sale hand, securities securities gain indebtedness, million, for XX%. XXXX, costs for portfolio. sale for growth notes, directly months XXXX the X the $X,XXX June on loss year.
Total On approximately sale our of the for the period and discuss were in losses XX, which and operating of the quarter investment million the securities XX, which investment of an increase shortly. the detail related approximately in other specifically the and $X.X $X.X unsecured costs unrealized helps the is second our million of same months last to on The to to In XXXX, was unsubordinated compared ended in increase loan increase were approximately June our unsecured, X for ended operating X-year expenses approximately $X.X $XX,XXX finance
first, general months million period approximately XXX%. of same second, For compensation which expenses which approximately increase $X.X compared for operating or increased $XXX,XXX. and was and X to last fees $XXX,XXX; was balance ended expenses, and attributable million of approximately The to and increase X amortization administrative an financing an June XXXX, loss, the third, which items: primarily approximately in $XX,XXX; costs increased approximately taxes, increased of impairment XX, deferred the $X.X the interest $X.X year, million
As lending model line the of believe operating illustrates costs from ability revenue, XX.X% period expand the in this platform. for of percentage last our a scalability and our our XX.X% to year. decreased keep to expenses we We as same business
ended the XX, of XX, prior quarter the June reflecting approximately on an reported XXXX. investment losses XXXX, in March unrealized since $XXX,XXX, For loss we securities reduction unrealized
unrealized period, loss securities decrease reflecting of per per XX, months approximately reported $X.X investment XXXX million XX, common X or $X.XX value share to income in share $X.X ended June of to the we XXXX. June for compared attributable $XXX,XXX, months from shareholders approximately million the the the the or ended market March approximately XX, an XX, XXXX.
Net such securities $X.XX XXXX, X June For for was on
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finite we the value. guidance is Quite in While a utilized of simply, or the investments these to hold we securities majority will securities debt investments investments investors of if and effect to mark-to-market ASU said, to prior of in the of adjusted structured a or execution million company's earnings on some ETFs we $X.XX earnings unrealized event income.
Based linked core our provided valuation strategy press to sale all release.
After liquidate and would That investments to these with shareholders. increase through to we earnings per of it of maturities million reverse we or investors noncash XXXX XXXX figure term performance. for metric months ended carefully $X.X for the full and value and into our XX, an for approximately compared the for ended the months portfolio for ASU reconciliation to this mature the approximately share maturity. XXXX, would once with earnings decided included the an was recognize We provide our charge, GAAP to the the associated million maturity, quarter. and back excluding charge June prudent available felt the XXXX, reflects of $X.X this provide our operating This or value clarity encourage the clearly adjusted I our representation XXX.X%. again XX, review loss, description the better adjusted share X of June to in $X.X X $X.XX valuation believe drive per
performance we'll the to is standing are We will further strong possible, impact sustainability as fluctuations.
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market a conditions seen, company is adapt the have strength as our quickly you of to ability As strategy our key change.
to of assets total mortgage In XX, approximately at of The facility compared million.
Total were $X.X in increase XXXX, partnerships by of terms of assets million approximately condition credit in of December income net from $XX.X or $XX.X securities increase increase portfolio accrued approximately to million.
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Total June million part ATM approximately $XXX.X sales XXXX, these during primarily Churchill million. million, offset million, All and the in were half a in to through million June June approximately XXXX, decrease borrowers June December approximately XX, of loan dividends million at is XX, was repurchase This
sheet So remains over as with principal. balance of million solid assets no you can $XXX.X in see, backing our $XXX.X million
are extraordinarily to REIT, our thereby As peers, mortgage levels providing our challenging a stability during debt low compared times.
is manner. of goal the each the portfolio mortgage XXX in In our value X.X% foreclosure As invested of XX, XX XXXX, are June process with the collateral managed a or our actively the believe of these interest million the the of to of in considered, approximately and the the of of troubled million timely a usually capital its loan of in the to unlocking overall of loans, we loans and we're distressed is the exceeds income, loses estate the over or the origination same time total are profitable other transaction $X.X rarely amount last value XXX% term year. $X.X due.
Further, loan, company.
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XX, XXXX, the In months $XXX,XXX activities approximately for million by approximately second June approximately our period. company in the our ended $X.X on to million cash same was $X.X dividends the million X compared to shares dividends preferred A respect Net of stock. approximately quarter, common and paid Series XXXX operating the with provided paid for $X.X
of July In record to on Board XX. on X, per declared XXXX common shareholders of a XX, addition, as dividend July of payable July the share of Directors $X.XX XXXX,
the to requirement as We As XX% a to Capital shareholders the you this taxable and current of year. of for dividends. is operates income as are comply intend aware, distribute a required Sachem REIT with to company's minimum
and take now liquidity now resources. capital to me a moment Let discuss
Real Churchill and our line we margin a with with million. our about credit Supplementing Estate, garner not are Fargo securities June our that These X repurchase short-term very an approximately also extremely $XX.X had Wells XX is flexibility marketable of with facilities provide of of balance of June facility XXXX, attractive It liquidity additional careful at $XX.X As we million we of which on cash will XX, master and returns. had affiliate rates. overlever portfolio leveraged million reiterate $XX.X take high is debt our us and at to important to the outstanding.
Moving forward, conditions. the will continue we monitor ever-changing economic to
over to Given lender go-to, their as required we lenders our the strong.
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up our few would lending Despite joining our continue exceptional value.
I like of markets personnel call the today. look underwriting record performance half us point, maintain increasing At forward $XX.X open call continue strategic questions. in coupled last the and enable revenue shareholder thank XXXX to open financial markets will to first believe for a to diligent the the strong of with million and over our new cautious the we build on quarters during in all to you during will drive for further we manner to this we a as opportunities.
In approach and quarter, capital our conclusion, and deploying technology to lending identify profits we attractive and investment
