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Condensed Consolidated Statement of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net interest income:        
Interest income from commercial mortgage loans $ 81,136 $ 71,179 $ 236,880 $ 188,434
Interest income from subordinate loans and other lending assets 43,421 37,308 125,303 105,236
Interest expense (39,341) (31,007) (109,147) (82,184)
Net interest income 85,216 77,480 253,036 211,486
Operating expenses:        
General and administrative expenses (includes equity-based compensation of $3,889 and $12,084 in 2019 and $4,048 and $11,404 in 2018, respectively) (5,839) (5,843) (18,564) (16,493)
Management fees to related party (10,434) (9,515) (30,306) (26,620)
Total operating expenses (16,273) (15,358) (48,870) (43,113)
Other income 429 427 1,431 973
Provision for loan losses and impairments, net of reversals (35,000) 0 (20,000) (5,000)
Realized loss on investments 0 0 (12,513) 0
Foreign currency loss (19,129) (4,050) (20,012) (23,574)
Loss on early extinguishment of debt 0 (2,573) 0 (2,573)
Net income 29,089 62,217 158,271 166,996
Preferred dividends (3,385) (6,836) (15,139) (20,505)
Net income available to common stockholders $ 25,704 $ 55,381 $ 143,132 $ 146,491
Net income per share of common stock:        
Basic (in dollars per share) $ 0.16 $ 0.42 $ 0.97 $ 1.19
Diluted (in dollars per share) $ 0.16 $ 0.40 $ 0.97 $ 1.14
Basic weighted-average shares of common stock outstanding (in shares) 153,531,678 129,188,343 144,638,237 120,876,240
Diluted weighted-average shares of common stock outstanding 153,531,678 153,918,435 144,638,237 150,424,889
Dividend declared per share of common stock (in dollars per share) $ 0.46 $ 0.46 $ 1.38 $ 1.38
Forward Currency Contract        
Operating expenses:        
Gain (Loss) on derivatives $ 24,153 $ 6,291 $ 28,619 $ 28,797
Interest Rate Swap        
Operating expenses:        
Gain (Loss) on derivatives $ (10,307) $ 0 $ (23,420) $ 0