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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
NET INTEREST INCOME:    
Interest income $ 57,136 $ 58,501
Interest expense 39,335 21,465
Total net interest income 17,801 37,036
NON-INTEREST INCOME (LOSS):    
Realized gains, net 1,081 3,806
Unrealized gains (losses), net 28,489 (83,659)
Income from equity investments 4,511 6,053
Other (loss) income (9,000) 1,427
Income from real estate    
Rental income 36,281 23,287
Other real estate income 5,465 2,302
Total income from real estate 41,746 25,589
Total non-interest income (loss) 66,827 (46,784)
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:    
General and administrative expenses 12,683 14,358
Portfolio operating expenses 7,070 9,489
Expenses related to real estate    
Interest expense, mortgages payable on real estate 22,478 7,157
Depreciation and amortization 6,039 35,586
Other real estate expenses 22,180 12,403
Total expenses related to real estate 50,697 55,146
Total general, administrative and operating expenses 70,450 78,993
INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES 14,178 (88,741)
Income tax expense (benefit) 16 (22)
NET INCOME (LOSS) 14,162 (88,719)
Net loss attributable to non-controlling interests 6,701 14,869
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY 20,863 (73,850)
Preferred stock dividends (10,484) (10,493)
Plus: Gain on repurchase of preferred stock 142 0
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS 10,521 (84,343)
NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS, Diluted $ 10,521 $ (84,343)
Basic earnings (loss) per common share (in dollars per share) $ 0.12 $ (0.89)
Diluted earnings (loss) per common share (in dollars per share) $ 0.11 $ (0.89)
Weighted average shares outstanding-basic (in shares) 91,314 95,199
Weighted average shares outstanding-diluted (in shares) 91,672 95,199