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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Investment securities, available for sale, at fair value $ 1,583,965 $ 1,512,252
Investments in unconsolidated entities 92,364 73,466
Preferred equity and mezzanine loan investments 175,128 165,555
Multi-family loans held in securitization trusts, at fair value 14,328,336 11,679,847
Derivative assets 14,873 10,263
Cash and cash equivalents 65,359 103,724
Real estate held for sale in consolidated variable interest entities 0 29,704
Goodwill 25,222 25,222
Receivables and other assets 132,135 114,821
Total Assets [1] 17,555,141 14,737,638
Liabilities:    
Repurchase agreements 1,654,439 1,543,577
Securitized debt 0 42,335
Mortgages and notes payable in consolidated variable interest entities 3,986 31,227
Accrued expenses and other liabilities 125,955 101,228
Subordinated debentures 45,000 45,000
Convertible notes 131,301 130,762
Total Liabilities [1] 16,175,689 13,557,345
Commitments and Contingencies
Stockholders' Equity:    
Common stock, $0.01 par value, 400,000,000 shares authorized, 187,831,455 and 155,589,528 shares issued and outstanding as of March 31, 2019 and December 31, 2018, respectively 1,878 1,556
Additional paid-in capital 1,199,090 1,013,391
Accumulated other comprehensive loss (9,088) (22,135)
Accumulated deficit (102,530) (103,178)
Company's stockholders' equity 1,379,105 1,179,389
Non-controlling interest in consolidated variable interest entities 347 904
Total equity 1,379,452 1,180,293
Total Liabilities and Stockholders' Equity 17,555,141 14,737,638
Series B Preferred Stock    
Stockholders' Equity:    
Preferred stock 72,397 72,397
Series C Preferred Stock    
Stockholders' Equity:    
Preferred stock 86,862 86,862
Series D Preferred Stock    
Stockholders' Equity:    
Preferred stock 130,496 130,496
Repurchase agreements    
Liabilities:    
Repurchase agreements 2,273,005 2,131,505
Residential collateralized debt obligations    
Liabilities:    
Collateralized debt obligations 49,247 53,040
Multi-family collateralized debt obligations, at fair value    
Liabilities:    
Collateralized debt obligations 13,547,195 11,022,248
Distressed and other residential mortgage loans (including pledged securities)    
ASSETS    
Residential mortgage loans, net 875,566 737,523
Residential mortgage loans held in securitization trusts, net    
ASSETS    
Residential mortgage loans, net $ 262,193 $ 285,261
[1] Our condensed consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company is the primary beneficiary of these VIEs. As of March 31, 2019 and December 31, 2018, assets of consolidated VIEs totaled $14,450,531 and $11,984,374, respectively, and the liabilities of consolidated VIEs totaled $13,647,045 and $11,191,736, respectively. See Note 9 for further discussion.