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      "text": "1Common equity balance which excludes preferred stock and non-controlling interests",
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      "text": "Adjusted Shares Outstanding\nBook Value Per Share\nEquity\nBeginning book value per share as of June 30, 2023\n23,627,677\n$ 11.86\n280,157 (1)\nCurrent period consolidated net loss before preferred dividends\n(0.21)\n(5,542)\nCommon dividends paid\n(0.19)\n(4,787)\nMark to market adjustment on joint venture debt securities available-for-sale\n0.03\n810\nReversal of unrealized loss on debt securities available-for-sale transferred to held-to-maturity\n0.04\n987\nPreferred dividends paid\n(0.02)\n(547)\nSales of our common stock\n0.55\n14,227\nStock based compensation\n0.01\n376\nImpact of increased share count\n(1.00)\nEnding book value per share as of September 30, 2023\n25,808,681\n$ 11.07\n285,681 (1)",
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