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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
NET INTEREST INCOME:      
Interest income $ 206,866 $ 350,161 $ 694,614
Interest expense 83,248 223,068 566,750
Total net interest income 123,618 127,093 127,864
NON-INTEREST INCOME (LOSS):      
Realized gains (losses), net 21,451 (148,058) 32,642
Realized loss on de-consolidation of Consolidated K-Series 0 (54,118) 0
Unrealized gains (losses), net 95,649 (160,161) 35,837
Income from equity investments 33,896 26,670 23,626
Impairment of goodwill 0 (25,222) 0
Income from real estate 15,230 419 215
Other income 5,515 678 2,128
Total non-interest income (loss) 171,741 (359,792) 94,448
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:      
General and administrative expenses 48,908 42,228 35,794
Expenses related to real estate 28,849 763 482
Portfolio operating expenses 26,668 11,572 13,559
Total general, administrative and operating expenses 104,425 54,563 49,835
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 190,934 (287,262) 172,477
Income tax expense 2,458 981 (419)
NET INCOME (LOSS) 188,476 (288,243) 172,896
Net loss (income) attributable to non-controlling interest in consolidated variable interest entities 4,724 (267) 840
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 193,200 (288,510) 173,736
Preferred stock dividends (42,859) (41,186) (28,901)
Preferred stock redemption charge (6,165) 0 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ 144,176 $ (329,696) $ 144,835
Basic earnings per common share (in USD per share) $ 0.38 $ (0.89) $ 0.65
Diluted earnings per common share (in USD per share) $ 0.38 $ (0.89) $ 0.64
Weighted average shares outstanding-basic (in shares) 379,232 371,004 221,380
Weighted average shares outstanding-diluted (in shares) 380,968 371,004 242,596