CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues
Interest income	$ 32,868	$ 46,070
Total revenues	507,513	548,059
Expenses
Property operating expense	263,633	270,742
Interest expense	123,413	134,889
Investment and servicing expense	12,178	18,449
Transaction costs	421	2,504
Depreciation and amortization	136,858	111,352
Provision for loan loss	0	3,611
Impairment loss	387,268	25,622
Compensation expense—cash and equity-based	53,034	31,517
Compensation expense—carried interest and incentive fee	(9,181)	1,272
Administrative expenses	32,758	22,694
Settlement loss	5,090	0
Total expenses	1,005,472	622,652
Other income (loss)
Gain on sale of real estate	7,932	29,453
Other loss, net	(3,471)	(49,069)
Equity method earnings	115,702	34,063
Equity method earnings—carried interest	(18,411)	4,896
Loss from continuing operations before income taxes	(396,207)	(55,250)
Income tax expense	(8,324)	(1,198)
Loss from continuing operations	(404,531)	(56,448)
Income from discontinued operations	474	26,293
Net loss	(404,057)	(30,155)
Net income (loss) attributable to noncontrolling interests:
Redeemable noncontrolling interests	(548)	1,444
Investment entities	(21,749)	49,988
Operating Company	(39,601)	(6,611)
Net loss attributable to Colony Capital, Inc.	(342,159)	(74,976)
Preferred stock dividends	19,474	27,137
Net loss attributable to common stockholders	$ (361,633)	$ (102,113)
Basic loss per share
Loss from continuing operations per basic common share (in dollars per share)	$ (0.76)	$ (0.23)
Net loss per basic common share (in dollars per share)	(0.76)	(0.21)
Diluted loss per share
Loss from continuing operations per diluted common share (in dollars per share)	(0.76)	(0.23)
Net loss per diluted common share (in dollars per share)	$ (0.76)	$ (0.21)
Weighted average number of shares
Basic (in shares)	479,106	478,874
Diluted (in shares)	479,106	478,874
Dividends declared per common share (in dollars per share)	$ 0.11	$ 0.11
Property operating income
Revenues
Income	$ 425,416	$ 458,898
Fee income ($43,100 and $30,850 from affiliates, respectively)
Revenues
Income	43,505	31,028
Other income ($2,486 and $9,845 from affiliates, respectively)
Revenues
Income	$ 5,724	$ 12,063