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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
NET INTEREST INCOME:      
Interest income $ 258,388 $ 206,866 $ 350,161
Interest expense 129,419 79,284 223,068
Total net interest income 128,969 127,582 127,093
NON-INTEREST (LOSS) INCOME:      
Realized gains (losses), net 27,549 21,451 (148,058)
Realized loss on de-consolidation of Consolidated K-Series 0 0 (54,118)
Unrealized (losses) gains, net (321,081) 95,649 (160,161)
Income from equity investments 15,074 33,896 26,670
Impairment of goodwill 0 0 (25,222)
Other income 16,289 5,515 678
Income from real estate      
Rental income 126,293 14,303 408
Other real estate income 15,363 927 11
Total income from real estate 141,656 15,230 419
Total non-interest (loss) income (120,513) 171,741 (359,792)
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:      
General and administrative expenses 52,440 48,908 42,228
Portfolio operating expenses 40,888 26,668 11,572
Expenses related to real estate      
Interest expense, mortgages payable on real estate 56,011 3,964 0
Depreciation and amortization 126,824 19,250 386
Other real estate expenses 72,400 9,599 377
Total expenses related to real estate 255,235 32,813 763
Total general, administrative and operating expenses 348,563 108,389 54,563
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES (340,107) 190,934 (287,262)
Income tax expense 542 2,458 981
NET (LOSS) INCOME (340,649) 188,476 (288,243)
Net loss (income) attributable to non-controlling interests 42,044 4,724 (267)
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY (298,605) 193,200 (288,510)
Preferred stock dividends (41,972) (42,859) (41,186)
Preferred stock redemption charge 0 (6,165) 0
Net (loss) income attributable to Company’s common stockholders (340,577) 144,176 (329,696)
NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS $ (340,577) $ 144,176 $ (329,696)
Basic earnings (loss) per common share (in USD per share) $ (0.90) $ 0.38 $ (0.89)
Diluted earnings (loss) per common share (in USD per share) $ (0.90) $ 0.38 $ (0.89)
Weighted average shares outstanding-basic (in shares) 377,287 379,232 371,004
Weighted average shares outstanding-diluted (in shares) 377,287 380,968 371,004