| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2017 | FY2017 | FY2017 | FY2016 | FY2016 | FY2016 | FY2016 | FY2015 | FY2015 | FY2015 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest income from commercial mortgage loans | $625.5M-10.6% | $699.4M-0.2% | $701.0M+53.6% | $456.5M | ||||||||||||||||
| Interest income from subordinate loans and other lending assets | $1.3M-63.6% | $3.5M-79.5% | $17.3M-68.9% | $55.6M | ||||||||||||||||
| Interest expense | -$460.1M+8.7% | -$503.9M-8.1% | -$466.1M-72.3% | -$270.5M | ||||||||||||||||
| Net interest income | $166.7M-16.2% | $199.0M-21.1% | $252.2M+4.4% | $241.6M | ||||||||||||||||
| Revenue from real estate owned operations | $104.9M+0.2% | $104.7M+13.3% | $92.4M+48.9% | $62.1M | ||||||||||||||||
| Total net revenue | $271.6M-10.6% | $303.7M-11.9% | $344.6M+13.5% | $303.6M | ||||||||||||||||
| General and administrative expenses (includes equity-based compensation of $13,631, $16,468 and $17,444 in 2025, 2024 and 2023, respectively) | -$27.4M+7.6% | -$29.6M-0.4% | -$29.5M+0.5% | -$29.7M | ||||||||||||||||
| Operating expenses related to real estate owned | -$85.2M-4.3% | -$81.7M-12.3% | -$72.8M-38.9% | -$52.4M | ||||||||||||||||
| Depreciation and amortization on real estate owned | -$11.2M+4.2% | -$11.7M-41.5% | -$8.2M-1071.6% | -$704K | ||||||||||||||||
| Total operating expenses | -$158.0M+0.7% | -$159.1M-7.1% | -$148.5M-22.6% | -$121.2M | ||||||||||||||||
| Other income, net | $7.9M+75.0% | $4.5M-2.6% | $4.6M+85.1% | $2.5M | ||||||||||||||||
| Income from equity method investment | $15.4M | $0 | $0 | — | ||||||||||||||||
| Decrease (increase) in current expected credit loss allowance, net | -$3.2M+97.9% | -$155.8M-162.1% | -$59.4M-437.2% | $17.6M | ||||||||||||||||
| Foreign currency translation gain (loss) | $99.5M+365.5% | -$37.5M-172.0% | $52.0M+144.7% | -$116.4M | ||||||||||||||||
| Net realized loss on investments | -$7.4M+94.2% | -$128.2M-48.0% | -$86.6M-563.5% | $18.7M | ||||||||||||||||
| Gain on extinguishment of debt | $0 | $0-100.0% | $495K | $0 | ||||||||||||||||
| Net income (loss) before taxes | $127.1M+206.5% | -$119.2M-303.6% | $58.6M-77.9% | $265.2M | ||||||||||||||||
| Income tax provision | -$331K+16.0% | -$394K+10.9% | -$442K | $0 | ||||||||||||||||
| Net income (loss) | $126.7M+205.9% | -$119.6M-305.8% | $58.1M-78.1% | $265.2M | ||||||||||||||||
| Preferred dividends | -$12.3M+0.0% | -$12.3M+0.0% | -$12.3M+0.0% | -$12.3M | ||||||||||||||||
| Net income (loss) available to common stockholders | $114.4M+186.8% | -$131.9M-387.7% | $45.9M-81.9% | $253.0M | ||||||||||||||||
| Basic | $810+183.5% | -$970-434.5% | $290-83.6% | $2K | ||||||||||||||||
| Diluted | $810+183.5% | -$970-434.5% | $290-82.7% | $2K | ||||||||||||||||
| Basic weighted-average shares of common stock outstanding | 138.87B-0.6% | 139.67B-1.1% | 141.28B+0.5% | 140.53B | ||||||||||||||||
| Diluted weighted-average shares of common stock outstanding | 138.87B-0.6% | 139.67B-1.1% | 141.28B-14.6% | 165.50B | ||||||||||||||||
| Dividend declared per share of common stock | $1000.00-16.7% | $1200.00-14.3% | $1400.00+0.0% | $1400.00 | ||||||||||||||||
| Related Party | ||||||||||||||||||||
| Management fees to related party | -$34.2M+5.4% | -$36.1M+4.9% | -$38.0M+1.1% | -$38.4M | ||||||||||||||||
| Foreign Exchange Forward | ||||||||||||||||||||
| Gain (loss) on sale of derivatives | $23K-96.0% | $570K+237.7% | -$414K-103.1% | $13.4M | ||||||||||||||||
| Interest rate caps and swaps | ||||||||||||||||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.