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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Nov. 07, 2017
Sep. 01, 2017
Jun. 01, 2017
Mar. 01, 2017
Dec. 02, 2016
Sep. 01, 2016
Jun. 01, 2016
Apr. 01, 2016
Dec. 01, 2015
Sep. 01, 2015
Jun. 08, 2015
Mar. 12, 2015
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net interest income                                              
Interest income                         $ 73,352 $ 66,833 $ 65,970 $ 57,512 $ 60,721 $ 60,284 $ 55,766 $ 59,601 $ 263,667 $ 236,372 $ 241,539
Interest expense                                         146,118 120,827 113,303
Net interest income                                         117,549 115,545 128,236
Provision for loan losses                                         0 300 600
Net interest income after provision for loan losses                         31,795 29,348 30,309 26,097 28,517 29,599 27,214 29,915 117,549 115,245 127,636
Other income                                              
Operating lease income                                         89,492 77,277 80,465
Tenant recoveries                                         7,179 5,958 9,907
Sale of loans, net                                         54,046 26,009 71,066
Realized gain (loss) on securities                                         17,209 7,724 24,007
Unrealized gain (loss) on Agency interest-only securities                                         1,405 (56) (1,249)
Realized gain on sale of real estate, net                                         11,423 20,636 40,386
Fee and other income                                         18,341 21,365 15,205
Net result from derivative transactions                                         (12,641) (1,409) (38,937)
Earnings (loss) from investment in unconsolidated joint ventures                                         89 426 371
Gain (loss) on extinguishment of debt                                         (73) 5,382 0
Total other income                                         186,470 163,312 201,221
Costs and expenses                                              
Salaries and employee benefits                                         70,463 64,270 61,612
Operating expenses                                         21,421 20,552 25,103
Real estate operating expenses                                         33,216 30,545 37,869
Fee expense                                         4,996 3,703 4,521
Depreciation and amortization                                         40,332 39,447 39,061
Total costs and expenses                         52,804 39,244 40,120 38,260 45,335 40,615 37,405 35,162 170,428 158,517 168,166
Income (loss) before taxes                         48,427 29,245 37,664 18,255 72,394 58,319 1,644 (12,317) 133,591 120,040 160,691
Income tax expense (benefit)                         3,057 (576) 6,606 (1,375) 773 8,721 (2,301) (873) 7,712 6,320 14,557
Net income (loss)                         45,370 29,821 31,058 19,630         125,879 113,720 146,134
Net (income) loss attributable to noncontrolling interest in consolidated joint ventures                         (92) 265 (77) (322) (298) 439 (235) 232 (226) 138 (1,568)
Net (income) loss attributable to noncontrolling interest in operating partnership                         $ (9,172) $ (6,499) $ (8,868) $ (5,838) $ (29,467) $ (22,429) $ (908) $ 5,673 $ (30,377) $ (47,131) $ (70,745)
Earnings per share:                                              
Basic (in dollars per share)                         $ 0.41 $ 0.28 $ 0.28 $ 0.18 $ 0.64 $ 0.44 $ 0.05 $ (0.09) $ 1.16 $ 1.08 $ 1.43
Diluted (in dollars per share)                         0.40 0.28 0.26 0.18 0.63 0.44 0.05 (0.09) $ 1.13 $ 1.06 $ 1.42
Weighted average shares outstanding:                                              
Basic (in shares)                                         81,902,524 61,998,089 51,702,188
Diluted (in shares)                                         109,704,880 107,638,788 51,870,808
Dividends per share of Class A common stock (in dollars per share)                         $ 0.315 $ 0.3 $ 0.3 $ 0.3 $ 0.46 $ 0.275 $ 0.275 $ 0.275      
Class A Common Stock                                              
Costs and expenses                                              
Net income (loss) attributable to Class A common shareholders                         $ 36,106 $ 23,587 $ 22,113 $ 13,470 $ 41,856 $ 27,608 $ 2,802 $ (5,539) $ 95,276 $ 66,727 $ 73,821
Earnings per share:                                              
Basic (in dollars per share)                                         $ 1.16 $ 1.08 $ 1.43
Diluted (in dollars per share)                                         $ 1.13 $ 1.06 $ 1.42
Weighted average shares outstanding:                                              
Basic (in shares)                                         81,902,524 61,998,089 51,702,188
Diluted (in shares)                                         109,704,880 107,638,788 51,870,808
Dividends per share of Class A common stock (in dollars per share) $ 0.315 $ 0.3 $ 0.3 $ 0.3 $ 0.46 $ 0.275 $ 0.275 $ 0.275 $ 1.45 $ 0.275 $ 0.25 $ 0.25                 $ 1.215 $ 1.285 $ 2.225