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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net interest income:    
Interest income from commercial mortgage loans $ 78,286 $ 52,114
Interest income from subordinate loans 40,839 33,853
Interest expense (36,295) (22,740)
Net interest income 82,830 63,227
Operating expenses:    
General and administrative expenses (includes equity-based compensation of $3,901 and $3,342 in 2019 and 2018, respectively) (6,151) (4,998)
Management fees to related party (9,613) (8,092)
Total operating expenses (15,764) (13,090)
Other income 518 203
Foreign currency gain 6,894 10,125
Loss on derivative instruments (includes unrealized losses of $14,985 and $8,855 in 2019 and 2018, respectively) (6,720) (11,032)
Net income 67,758 49,433
Preferred dividends (6,835) (6,835)
Net income available to common stockholders $ 60,923 $ 42,598
Net income per share of common stock:    
Basic (in dollars per share) $ 0.45 $ 0.38
Diluted (in dollars per share) $ 0.43 $ 0.38
Basic weighted-average shares of common stock outstanding (in shares) 134,607,107 110,211,853
Diluted weighted-average shares of common stock outstanding (in shares) 164,683,086 111,871,429
Dividend declared per share of common stock (in dollars per share) $ 0.46 $ 0.46