Three Months Ended

March 31,

2024

2023

Investment income, net

Interest, dividend and accretion income

$

840

$

461

Interest income from investments in SPEs

2,003

Interest earned on notes receivable and other interest

598

457

Total investment income, net

3,441

2,921

Interest expense

Interest incurred for project financing and other interest expense

(6,337)

(3,997)

Interest expense and amortization of discount and issuance costs for Senior Notes issued by SPE

(2,216)

(2,212)

Total interest expense

(8,553)

(6,209)

Gain on contributions to unconsolidated joint ventures

14

530

Equity in income from unconsolidated joint ventures

7,360

3,663

Other income (expense), net

Accretion income from retained interest investments

—

394

Miscellaneous (expense) income, net

(463)

319

Other (expense) income, net

(463)

713

Total other income, net

$

1,799

$

1,618