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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Interest income from investments $ 6,403 $ 2,467 $ 10,965 $ 4,586
Rental and other property-related income from real estate owned 805 105 1,428 168
Other revenues 33 27 64 146
Total revenues 7,241 2,599 12,457 4,900
Costs and expenses:        
General and administrative expenses 2,034 1,371 3,852 2,949
Management fees to Manager 1,582 707 2,886 1,337
Property operating expenses of real estate owned 420 43 731 74
Depreciation and amortization of real estate owned 887 38 1,589 62
Other expenses     290  
Total costs and expenses 4,923 2,159 9,348 4,422
Operating income 2,318 440 3,109 478
Other income (expense):        
Equity in earnings from unconsolidated real estate venture 435 595 985 1,017
Change in fair value of investments 8,623 4,289 12,943 5,682
Interest expense (638) (230) (1,054) (434)
Other interest income 59 100 168 234
Total other income 8,479 4,754 13,042 6,499
Net income 10,797 5,194 16,151 6,977
Net income attributable to preferred stockholders (4,580) (177) (8,175) (723)
Net income attributable to common stockholders $ 6,217 $ 5,017 $ 7,976 $ 6,254
Basic earnings per share attributable to common stockholders $ 0.40 $ 0.50 $ 0.53 $ 0.66
Diluted earnings per share attributable to common stockholders 0.40 0.50 0.53 0.66
Dividends declared per share of common stock $ 0.35 $ 0.35 $ 0.70 $ 0.70