Condensed Consolidated Statement of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019		Mar. 31, 2018
Net Interest Income
Interest income	$ 36,016		$ 28,092	[1]
Interest expense	(17,618)		(11,562)
Total net interest income	18,398
Other income			716
Total investment income			28,808
Other Income (Loss)
Realized gains (losses) on securities and loans, net	(5,322)
Realized gains (losses) on financial derivatives, net	(11,570)
Realized gains (losses) on real estate owned, net	(58)
Unrealized gains (losses) on securities and loans, net	26,388
Unrealized gains (losses) on financial derivatives, net	(5,689)		4,044
Unrealized gains (losses) on real estate owned, net	(247)
Other, net	2,002
Total other income (loss)	5,504
Expenses
Base management fee to affiliate (Net of fee rebates)	1,722	[2]	1,978	[3]
Other investment related expenses
Servicing expense	2,393		1,456
Other	1,083		1,496
Professional fees	1,956		648
Administration fees			179
Compensation expense	1,072		510
Insurance expense			125
Directors' fees and expenses			73
Share-based long term incentive plan unit expense	116		93
Other expenses			446
Other expenses	985
Total expenses			18,566
Total expenses	9,211
NET INVESTMENT INCOME			10,242
Net realized gain (loss) on:
Investments			12,584
Financial derivatives, excluding currency hedges			902
Financial derivatives—currency hedges			(2,204)
Foreign currency transactions	25		1,769
Total net realized gain (loss)			13,051
Change in net unrealized gain (loss) on:
Investments			(6,851)
Other secured borrowings			784
Financial derivatives, excluding currency hedges			3,197
Financial derivatives—currency hedges			800
Foreign currency translation	21		101
Net unrealized gain (loss)			(1,969)
NET REALIZED AND CHANGE IN NET UNREALIZED GAIN (LOSS) ON INVESTMENTS, OTHER SECURED BORROWINGS, FINANCIAL DERIVATIVES, AND FOREIGN CURRENCY TRANSACTIONS/TRANSLATION			11,082
NET INCREASE IN EQUITY RESULTING FROM OPERATIONS			21,324
Net Income (Loss) before Earnings from Investments in Unconsolidated Entities	14,691
Earnings from investments in unconsolidated entities	1,797
Net Income (Loss)	16,488
Net Income (Loss) Attributable to Non-Controlling Interests	1,080		285
Net Income (Loss) Attributable to Common Stockholders	$ 15,408		$ 21,039
Net Income (Loss) per Common Share:
Basic and Diluted (USD per share)	$ 0.52		$ 0.67
Dividends declared (in usd per share)	$ 0.55		$ 0.41

[1] Includes interest income and interest expense of a consolidated securitization trust of $1.3 million and $0.9 million, respectively, for the three-month period ended March 31, 2018. See Note 6 for further details on the Company's consolidated securitization trust.

[2] See Note 13 for further details on management fee rebates.

[3] See Note 9 for further details on management fee rebates.