|
Revenues from consolidated real estate owned
|
|
$0
|
$10k
|
$12.4m
|
$5.1m
|
$8.9m
|
$7.8m
|
|
Total operating expenses
|
|
$9.2m
|
$13.8m
|
$26.2m
|
$23.4m
|
$36.6m
|
$33.7m
|
|
Other income (loss)
|
|
|
|
|
|
|
|
|
Interest income
|
|
$39.0m
|
$55.8m
|
$78.0m
|
$68.4m
|
$72.5m
|
$89.9m
|
|
Change in net assets related to consolidated CMBS variable interest entities
|
|
$19.9m
|
$57.6m
|
$10.2m
|
$38.2m
|
$36.7m
|
$12.5m
|
|
Unrealized gain (loss)
|
|
($49k)
|
($483k)
|
($26.6m)
|
$3.6m
|
$4.6m
|
$5.8m
|
|
Change in unrealized gain (loss) on common stock investments
|
|
$0
|
$13.8m
|
($5.2m)
|
($16.5m)
|
($3.5m)
|
($8.8m)
|
|
Change in unrealized gain (loss) on preferred stock and stock warrant investments
|
|
—
|
—
|
—
|
$266k
|
$667k
|
$112.6m
|
|
Reversal of (provision for) credit losses
|
|
($320k)
|
($189k)
|
($169k)
|
($4.3m)
|
$723k
|
($39.0m)
|
|
Dividend income
|
|
$6.3m
|
$0
|
$0
|
$193k
|
$2.0m
|
$19.4m
|
|
Realized gain
|
|
($493k)
|
($257k)
|
($1.1m)
|
$0
|
$691k
|
$0
|
|
Loss on extinguishment of debt
|
|
$0
|
$0
|
$17k
|
$0
|
($488k)
|
($458k)
|
|
Gain on deconsolidation of variable interest entity
|
|
—
|
—
|
$0
|
$1.5m
|
$0
|
—
|
|
Equity in losses of equity method investments
|
|
—
|
$0
|
$0
|
($2.6m)
|
($4.0m)
|
($898k)
|
|
Gain on sale from real estate owned
|
|
—
|
$0
|
$0
|
$1.5m
|
—
|
$3.6m
|
|
Loan servicing fees
|
|
$4.3m
|
$5.2m
|
$4.4m
|
$4.2m
|
$1.6m
|
$1.4m
|
|
Management fees
|
|
$1.6m
|
$2.3m
|
$3.2m
|
$3.3m
|
$3.9m
|
$6.8m
|
|
Net (income) loss attributable to preferred stockholders
|
|
($1.7m)
|
($3.5m)
|
($3.5m)
|
($3.6m)
|
($11.5m)
|
($29.4m)
|
|
Net (income) loss attributable to redeemable noncontrolling interests
|
|
($21.3m)
|
($40.4m)
|
($5.0m)
|
($4.8m)
|
($6.8m)
|
($18.0m)
|
|
Total net interest income (loss)
|
|
$17.7m
|
$26.1m
|
$37.7m
|
$16.8m
|
$28.1m
|
$47.2m
|
|
Total other income (loss)
|
|
$25.8m
|
$71.3m
|
$2.7m
|
$25.3m
|
$44.5m
|
$109.7m
|
|
Net income
|
|
$34.2m
|
$83.5m
|
$14.2m
|
$18.7m
|
$36.0m
|
$123.1m
|
|
Net income attributable to common stockholders
|
|
$11.1m
|
$39.6m
|
$3.2m
|
$10.4m
|
$17.7m
|
$75.7m
|
|
Earnings per share outstanding - basic (in dollars per share)
|
|
$2.13
|
$6.00
|
$0.22
|
$0.60
|
$1.02
|
$4.28
|
|
Earnings per share outstanding - diluted (in dollars per share)
|
|
$1.74
|
$3.93
|
$0.22
|
$0.60
|
$1.02
|
$2.85
|
|
Dividends declared per common share (in dollars per share)
|
|
$1.42
|
$1.90
|
$2.00
|
$2.74
|
$2.00
|
$2.00
|
|
Weighted average common shares outstanding - basic (in shares)
|
|
5.2m
|
6.6m
|
14.7m
|
17.2m
|
17.4m
|
17.7m
|
|
Weighted-average common shares outstanding - diluted (in shares)
|
|
18.6m
|
20.4m
|
14.7m
|
17.2m
|
17.4m
|
42.0m
|
|
Interest expense
|
|
($21.3m)
|
($29.8m)
|
($40.3m)
|
($51.6m)
|
($44.4m)
|
($42.8m)
|
|
General and administrative expenses
|
|
$3.4m
|
$6.4m
|
$7.2m
|
$9.2m
|
$12.8m
|
$12.7m
|
|
Expenses from consolidated real estate owned
|
|
$0
|
$50k
|
$11.4m
|
$6.7m
|
$18.4m
|
$12.9m
|