Korth Direct Mortgage Inc. — Form 10-Q
Filed July 1, 2026 · analyzed by the Periodic Agent
10-Q
— Neutral
significance 28/100
What the filing says
For Q1 2026 ended March 31, KDM reported total revenues of $3.17M (vs. $4.70M YoY), a 32% decline primarily due to $899K drop in origination fees. Mortgages owned fell from $285.4M (Dec 2025) to $278.7M (Mar 2026) following two large $97.5M loan payoffs. Net income attributable to common stockholders was $177K (vs. $259K YoY); total assets declined to $376.6M from $380.9M. Company holds 2 loans in default and 3 properties in foreclosure; warns of extended loan terms if necessary to avoid defaults.
Why this rating
Routine quarterly results showing modest revenue decline and portfolio runoff; no material shifts in capital structure or solvency; normal lending-business volatility.
View original filing on SEC.gov ↗
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