XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents [1] $ 45,158 $ 67,878
Restricted cash [1] 80,075 30,572
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans held by consolidated subsidiaries [1] 3,302,753 3,318,390
Mortgage loans transferred but not considered sold [1] 15,504 0
Provision for loan losses [1] (18,200) (17,900)
Mortgage loan receivables held for sale [1] 189,525 182,439
Real estate securities [1] 1,619,128 1,410,126
Real estate and related lease intangibles, net [1] 1,005,997 998,022
Investments in unconsolidated joint ventures [1] 93,841 40,354
FHLB stock [1] 61,619 57,915
Derivative instruments [1] 1,632 0
Due from brokers [1] 5,514 0
Accrued interest receivable [1] 26,627 27,214
Other assets [1] 96,246 157,862
Total assets [1] 6,525,419 6,272,872
Liabilities    
Secured and unsecured debt obligations [1] 4,716,450 4,452,574
Liability for transfers not considered sales [1] 15,840 0
Due to brokers [1] 49,766 1,301
Derivative instruments [1] 0 975
Amount payable pursuant to tax receivable agreement [1] 1,559 1,570
Dividends payable [1] 1,409 37,316
Accrued expenses [1] 34,330 82,425
Other liabilities [1] 61,822 53,076
Total liabilities [1] 4,881,176 4,629,237
Commitments and contingencies (Note 18) [1] 0 0
Equity    
Additional paid-in capital [1] 1,508,452 1,471,157
Treasury stock, 3,092,504 and 2,701,162 shares, at cost [1] (40,799) (32,815)
Retained earnings (dividends in excess of earnings) [1] (26,549) 11,342
Accumulated other comprehensive income (loss) [1] 7,080 (4,649)
Total shareholders’ equity [1] 1,448,304 1,445,153
Noncontrolling interest in operating partnership [1] 186,310 188,427
Noncontrolling interest in consolidated joint ventures [1] 9,629 10,055
Total equity [1] 1,644,243 1,643,635
Total liabilities and equity [1] 6,525,419 6,272,872
Class A common stock, par value $0.001 per share, 600,000,000 shares authorized; 109,654,421 and 106,642,335 shares issued and 106,561,917 and 103,941,173 shares outstanding    
Equity    
Common stock [1] 107 105
Class B common stock, par value $0.001 per share, 100,000,000 shares authorized; 13,198,344 and 13,117,419 shares issued and outstanding    
Equity    
Common stock [1] $ 13 $ 13
[1] Includes amounts relating to consolidated variable interest entities. See Note 3.