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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
NET INTEREST INCOME:    
Interest income $ 83,892 $ 57,136
Interest expense 66,029 39,335
Total net interest income 17,863 17,801
NET LOSS FROM REAL ESTATE:    
Rental income 33,153 36,281
Other real estate income 4,923 5,465
Total income from real estate 38,076 41,746
Interest expense, mortgages payable on real estate 20,769 22,478
Depreciation and amortization 12,576 6,039
Other real estate expenses 21,100 22,180
Total expenses related to real estate 54,445 50,697
Total net loss from real estate (16,369) (8,951)
OTHER (LOSS) INCOME:    
Realized (losses) gains, net (10,533) 1,081
Unrealized (losses) gains, net (39,390) 32,851
Gains (losses) on derivative instruments, net 49,211 (4,362)
(Loss) income from equity investments (2,136) 4,511
Impairment of real estate (36,247) (10,275)
Loss on reclassification of disposal group (14,636) 0
Other (loss) income (3,592) 1,275
Total other (loss) income (57,323) 25,081
GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:    
General and administrative expenses 13,054 12,683
Portfolio operating expenses 11,287 7,070
Total general, administrative and operating expenses 24,341 19,753
(LOSS) INCOME FROM OPERATIONS BEFORE INCOME TAXES (80,170) 14,178
Income tax (benefit) expense (111) 16
NET (LOSS) INCOME (80,059) 14,162
Net loss attributable to non-controlling interests 22,158 6,701
Net income (loss) attributable to Company (57,901) 20,863
Preferred stock dividends (10,439) (10,484)
Gain on repurchase of preferred stock 0 142
Net (loss) income attributable to Company's common stockholders (68,340) 10,521
Net (loss) income attributable to Company's common stockholders $ (68,340) $ 10,521
Basic loss per common share (in dollars per share) $ (0.75) $ 0.12
Diluted loss per common share (in dollars per share) $ (0.75) $ 0.11
Weighted average shares outstanding-basic (in shares) 91,117 91,314
Weighted average shares outstanding-diluted (in shares) 91,117 91,672