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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Portfolio Income        
Interest income $ 18,352,000 $ 9,286,000 $ 49,719,000 $ 19,658,000
Interest expense 2,037,000 818,000 4,900,000 1,905,000
Net interest income 16,315,000 8,468,000 44,819,000 17,753,000
Realized gains (losses) on mortgage-backed securities 850,000 (1,960,000) (1,073,000) 1,932,000
Unrealized gains (losses) on mortgage-backed securities (2,026,000) (1,404,000) (9,029,000) 8,720,000
(Losses) gains on derivative instruments (22,506,000) 3,057,000 (35,660,000) (4,364,000)
Net portfolio income (7,367,000) 8,161,000 (943,000) 24,041,000
Expenses        
Management Fees 1,061,000 543,000 2,929,000 1,276,000
Compensation and related benefits 162,000 225,000 484,000 450,000
Directors fees and liability insurance 250,000 165,000 732,000 405,000
Audit, legal and other professional fees 160,000 160,000 493,000 406,000
Direct REIT operating expenses 86,000 36,000 174,000 124,000
Other administrative 331,000 264,000 983,000 381,000
Total expenses 2,050,000 1,393,000 5,795,000 3,042,000
Net income (loss) $ (9,417,000) $ 6,768,000 $ (6,738,000) $ 20,999,000
Basic and diluted net income (loss) per share        
Basic $ (0.42) $ 0.63 $ (0.34) $ 2.53
Diluted $ (0.42) $ 0.63 $ (0.34) $ 2.53
Weighted Average Shares Outstanding        
Weighted Average Number Of Basic Shares Outstanding 22,545,019 10,710,153 19,725,675 8,314,512
Weighted Average Number Of Diluted Shares Outstanding 22,545,019 10,710,153 19,725,675 8,314,512
Dividends Declared Per Common Share $ 0.42 $ 0.54 $ 1.5 $ 1.62