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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents [1] $ 626,139 $ 609,078
Restricted cash [1] 25,158 50,524
Mortgage loan receivables held for investment, net, at amortized cost:    
Mortgage loans receivable [1] 3,794,075 3,885,746
Allowance for credit losses [1] (25,499) (20,755)
Mortgage loan receivables held for sale [1] 27,197 27,391
Securities [1] 520,008 587,519
Real estate and related lease intangibles, net [1] 693,266 700,136
Investments in and advances to unconsolidated ventures [1] 6,336 6,219
Derivative instruments [1] 1,421 2,038
Accrued interest receivable [1] 25,794 24,938
Other assets [1] 166,631 78,339
Total assets [1] 5,860,526 5,951,173
Liabilities    
Debt obligations, net [1] 4,082,428 4,245,697
Dividends payable [1] 30,802 32,000
Accrued expenses [1] 50,937 68,227
Other liabilities [1] 167,805 71,688
Total liabilities [1] 4,331,972 4,417,612
Commitments and contingencies [1] 0 0
Equity    
Additional paid-in capital [1] 1,835,957 1,826,833
Treasury stock, 1,078,946 and 1,525,429 shares, at cost [1] (105,738) (95,600)
Retained earnings (dividends in excess of earnings) [1] (183,755) (177,005)
Accumulated other comprehensive income (loss) [1] (17,524) (21,009)
Total shareholders’ equity [1] 1,529,067 1,533,346
Noncontrolling interests in consolidated ventures [1] (513) 215
Total equity [1] 1,528,554 1,533,561
Total liabilities and equity [1] 5,860,526 5,951,173
Class A Common Stock    
Equity    
Common stock [1] $ 127 $ 127
[1] Includes amounts relating to consolidated variable interest entities. Refer to Note 2 and Note 9.