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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Interest income from investments $ 6,806 $ 9,150 $ 14,564 $ 17,362
Total revenues 11,667 10,832 23,364 20,716
Costs and expenses:        
General and administrative expenses 3,462 2,373 6,226 4,136
Fees to Manager 0 2,069 1,230 4,072
Property operating expenses of real estate owned 2,626 786 4,673 1,549
Depreciation and amortization of real estate owned 4,320 1,090 7,904 2,119
Goodwill impairment loss 0 0 4,738 0
Internalization expenses 5 0 37,788 0
Total costs and expenses 10,413 6,318 62,559 11,876
Operating income (loss) 1,254 4,514 (39,195) 8,840
Other income (expense):        
Equity in earnings (losses) from unconsolidated real estate venture 12 85 (154) 242
Net unrealized gain (loss) on investments 791 12,043 (10,170) 20,873
Interest expense (3,067) (1,776) (6,279) (2,989)
Other interest income 17 8 23 21
Total other income (loss) (2,247) 10,360 (16,580) 18,147
Net income (loss) (993) 14,874 (55,775) 26,987
Net income attributable to preferred stockholders (5,245) (5,094) (10,451) (10,126)
Less: Net loss attributable to non-controlling interests 652 0 2,598 0
Net income (loss) attributable to common stockholders $ (5,586) $ 9,780 $ (63,628) $ 16,861
Basic earnings (loss) per share attributable to common stockholders $ (0.24) $ 0.46 $ (2.77) $ 0.81
Diluted earnings (loss) per share attributable to common stockholders (0.24) 0.46 (2.77) 0.81
Dividends declared per share of common stock $ 0.23 $ 0.35 $ 0.46 $ 0.70
Rental and other property-related income from real estate owned [Member]        
Revenues:        
Revenues $ 4,817 $ 1,638 $ 8,695 $ 3,087
Other revenues [Member]        
Revenues:        
Revenues $ 44 $ 44 $ 105 $ 267