Real estate-related securities and other, at fair value, net of credit loss allowances of 182,299 and 182,104 as of march31, 2026 and december31, 2025, respectively
-
167,582
169,206
246,059
Loans held-for-investment and related receivables, net
-
3,379,068
3,752,467
3,495,982
Less current expected credit losses
-
290,707
297,878
301,903
Total loans held-for-investment and related receivables, net
-
3,088,361
3,454,589
3,194,079
Cash and cash equivalents
218,768
183,617
184,674
255,559
Restricted cash
45,663
22,423
4,598
3,646
Real estate assets, net
1,419,326
1,050,742
1,076,924
1,061,967
Credit investments
3,288,069
-
-
-
Interests in joint ventures
608,109
-
-
-
Investments in other owner-operators of real assets
17,549
-
-
-
Investments
5,333,053
-
-
-
Management fees and other receivables from related parties
108,677
-
-
-
Prepaid expenses and other assets, net
82,056
-
-
-
Deferred tax asset
443,357
-
-
-
Rents and tenant receivables, net
-
24,137
23,215
24,041
Prepaid expenses and other assets
-
34,490
10,000
10,285
Deferred costs, net
-
7,189
5,250
5,499
Accrued interest receivable
-
16,782
17,471
19,328
Contract assets, net
106,312
-
-
-
Assets held for sale
-
5,116
-
-
Goodwill
108,677
-
-
-
Total assets
6,446,563
4,725,560
5,095,097
4,983,428
Contract liabilities
37,653
-
-
-
Credit facilities, notes payable and repurchase facilities, net
2,995,270
2,726,397
3,093,039
2,970,116
Accrued expenses and other liabilities
228,645
39,197
43,989
47,069
Due to affiliates
-
13,988
12,650
12,904
Deferred tax credit
461,925
-
-
-
Intangible lease liabilities, net
-
13,745
14,293
14,380
Earnout liability
407,500
-
-
-
Distributions payable
-
14,784
14,477
12,713
Performance allocations and incentive fee compensation payable
10,028
-
-
-
Deferred rental income and other liabilities
-
5,799
6,228
5,701
Due to related parties
5,836
-
-
-
Total liabilities
4,146,857
2,813,910
3,184,676
3,062,883
Redeemable common stock
158,467
159,582
160,488
161,319
Preferred stock
9,074
-
-
-
Common stock
4,369
4,372
4,372
4,371
Capital in excess of par value
588,214
3,539,124
3,537,903
3,536,611
Retained earnings
-30,127
-
-
-
Accumulated distributions in excess of earnings
-
1,769,053
1,774,685
1,765,616
Shares held by consolidated subsidiaries
-6,229
-
-
-
Accumulated other comprehensive loss
-
-24,236
-19,428
-17,744
Members equity
0
-
-
-
Total stockholders equity
565,301
1,750,207
1,748,162
1,757,622
Non-controlling interests-Affiliated Entity
2,322
-
-
-
Non-controlling interests
-
1,861
1,771
1,604
Non-controlling interests-Subsidiaries
1,573,616
-
-
-
Total equity
2,141,239
1,752,068
1,749,933
1,759,226
Total liabilities, redeemable common stock, non-controlling interests and stockholders' equity
6,446,563
4,725,560
5,095,097
4,983,428
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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