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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
NET INTEREST INCOME:        
Interest income $ 68,020 $ 52,186 $ 126,521 $ 102,225
Interest expense 41,891 20,711 70,513 40,410
Total net interest income (expense) 26,129 31,475 56,008 61,815
NON-INTEREST (LOSS) INCOME:        
Realized gains, net 2,386 4,989 6,192 12,047
Unrealized (losses) gains, net (67,694) 23,854 (151,353) 50,020
Income from equity investments 8,100 10,607 14,153 14,006
Income from real estate 35,870 2,150 61,458 3,645
Other income 1,105 1,676 2,531 3,278
Total non-interest (loss) income (20,233) 43,276 (67,019) 82,996
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:        
General and administrative expenses 13,175 12,520 27,533 23,961
Expenses related to real estate 70,759 3,913 118,748 6,837
Portfolio operating expenses 12,690 6,688 22,179 11,518
Total general, administrative and operating expenses 96,624 23,121 168,460 42,316
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES (90,728) 51,630 (179,471) 102,495
Income tax expense 90 15 67 81
NET (LOSS) INCOME (90,818) 51,615 (179,538) 102,414
Net loss attributable to non-controlling interest in consolidated variable interest entities 18,922 1,625 33,792 3,034
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (71,896) 53,240 (145,746) 105,448
Preferred stock dividends (10,493) (10,296) (20,986) (20,593)
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ (82,389) $ 42,944 $ (166,732) $ 84,855
Basic (loss) earnings per common share (in dollars per share) $ (0.22) $ 0.11 $ (0.44) $ 0.22
Diluted (loss) earnings per common share (in dollars per share) $ (0.22) $ 0.11 $ (0.44) $ 0.22
Weighted average shares outstanding-basic (in shares) 381,200 379,299 380,999 379,091
Weighted average shares outstanding-diluted (in shares) 381,200 381,517 380,999 381,167