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v3.8.0.1

Condensed Consolidated Statement of Operations (Unaudited) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | Mar. 31, 2017
Net interest income: |  |
Interest income from commercial mortgage loans | $ 52,114 | $ 34,398
Interest income from subordinate loans | 33,853 | 34,390
Interest income from securities | 0 |
Interest expense | (22,740) | (17,030)
Net interest income | 63,227 | 57,812
Operating expenses: |  |
General and administrative expenses (includes equity-based compensation of $3,342 and $3,791 in 2018 and 2017, respectively) | (4,998) | (5,758)
Management fees to related party | (8,092) | (7,432)
Total operating expenses | (13,090) | (13,190)
Income from unconsolidated joint venture | 0 | 458
Other income | 203 | 108
Realized loss on sale of assets | 0 | (1,042)
Unrealized gain on securities | 0 | 2,852
Foreign currency gain | 10,125 | 3,172
Loss on derivative instruments (includes unrealized losses of $(8,855) and $(2,889) in 2018 and 2017, respectively) | (11,032) | (3,045)
Net income | 49,433 | 47,125
Preferred dividends | (6,835) | (9,310)
Net income available to common stockholders | $ 42,598 | $ 37,815
Net income per share of common stock (in dollars per share) | $ 0.38 | $ 0.41
Basic weighted average shares of common stock outstanding (in shares) | 110,211,853 | 91,612,447
Diluted weighted average shares of common stock outstanding (in shares) | 111,871,429 | 92,998,250
Dividend declared per share of common stock (in dollars per share) | $ 0.46 | $ 0.46

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