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Condensed Consolidated Statement of Operations
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
$ / shares
Net Interest Income  
Interest income $ 131,027 [1]
Interest expense (56,707) [1]
Other income 4,014
Total investment income 135,041
Expenses  
Base management fee to affiliate (Net of fee rebates) 7,573 [2]
Incentive Fee Expense 715
Other investment related expenses  
Servicing expense 7,715
Debt issuance costs related to Other secured borrowings, at fair value 1,647 [3]
Other 7,592
Professional fees 3,902
Compensation expense 2,233
Administration fee expense 734
General Insurance Expense 487
Noninterest Expense Directors Fees 298
Share-based long term incentive plan unit expense 415
Other expenses 1,898
Total expenses 91,916
Net investment income 43,125
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 49,911
Net income (loss) attributable to non-controlling interests 3,235
Net Income (Loss) Attributable to Common Stockholders 46,676
Realized Investment Gains (Losses) [Abstract]  
Investments 25,421
Financial derivatives, excluding currency hedges (2,639)
Financial derivatives-currency hedges 4,475
Foreign currency transactions 4,131
Total net realized gain (loss) 31,388
Unrealized Gain (Loss) on Derivatives and Commodity Contracts [Abstract]  
Investments (25,947)
Other Secured Borrowings 758
Financial Derivatives, excluding currency hedges 7,093
Financial Derivatives-currency hedges 565
Foreign currency translation (7,071)
Net Unrealized Gain (Loss) (24,602)
Investment Company, Realized and Unrealized Gain (Loss) on Investment and Foreign Currency $ 6,786
Net Income (Loss) per Share of Common Stock:  
Basic and Diluted (USD per share) | $ / shares $ 1.52
[1] Includes interest income and interest expense of a consolidated securitization trust of $6.0 million and $3.6 million, respectively, for the year ended December 31, 2018. See Note 6 for further details on the Company's consolidated securitization trust.
[2] See Note 9 for further details on management fee rebates.
[3] Related to non-qualified mortgage securitization transactions. See Note 6 for further details.