Interest Rate Risk - We are exposed to the impact of interest rate changes through our variable-rate borrowings under our Credit Agreement with Wells Fargo, our variable rate construction/stabilization loans, and earnings on our cash equivalents and variable rate lending ventures. Applicable margin for borrowings at June 30, 2026 under the Wells Fargo Credit Agreement was Daily simple SOFR plus 2.25%. and under our variable rate construction/stabilization loans was Daily SOFR plus 2.75%. The Company had $36.3 million of variable rate debt outstanding at June 30, 2026 and, a 100 basis point 48 decrease in SOFR would increase cash flows before income taxes by $0.4 million annually. The Company had $108.8 million of cash equivalents and variable rate lending venture advances at June 30, 2026, so a 100 basis point decrease in SOFR would reduce cash flows before income taxes by $1.1 million annually.