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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
NET INTEREST INCOME:        
Interest income $ 68,920 $ 52,323 $ 195,441 $ 154,548
Interest expense 54,699 21,292 125,212 61,702
Total net interest income (expense) 14,221 31,031 70,229 92,846
NON-INTEREST (LOSS) INCOME:        
Realized gains, net 20,595 8,314 26,788 20,361
Unrealized (losses) gains, net (128,056) 30,138 (279,408) 80,157
(Loss) income from equity investments (3,098) 8,015 11,056 22,021
Income from real estate 40,784 3,980 102,243 7,626
Other income (loss) 12,747 (1,035) 15,275 2,244
Total non-interest (loss) income (57,028) 49,412 (124,046) 132,409
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:        
General and administrative expenses 11,610 12,458 39,143 36,419
Expenses related to real estate 53,683 8,549 172,431 15,386
Portfolio operating expenses 10,124 7,039 32,303 18,558
Total general, administrative and operating expenses 75,417 28,046 243,877 70,363
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES (118,224) 52,397 (297,694) 154,892
Income tax (benefit) expense (330) 1,215 (262) 1,296
NET (LOSS) INCOME (117,894) 51,182 (297,432) 153,596
Net loss attributable to non-controlling interest in consolidated variable interest entities 2,617 394 36,409 3,428
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (115,277) 51,576 (261,023) 157,024
Preferred stock dividends (10,493) (11,272) (31,478) (31,865)
Preferred stock redemption charge 0 (3,443) 0 (3,443)
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ (125,770) $ 36,861 $ (292,501) $ 121,716
Basic (loss) earnings per common share (in dollars per share) $ (0.33) $ 0.10 $ (0.77) $ 0.32
Diluted (loss) earnings per common share (in dollars per share) $ (0.33) $ 0.10 $ (0.77) $ 0.32
Weighted average shares outstanding-basic (in shares) 377,078 379,395 379,677 379,193
Weighted average shares outstanding-diluted (in shares) 377,078 380,983 379,677 381,105