Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.8.0.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2018
Discontinued Operations [Abstract]  
Discontinued Operations
Summarized financial information for the discontinued operations are presented below.
(in thousands)
November 1,
2017
Assets:
 
Commercial real estate assets
$
2,233,080

Available-for-sale securities, at fair value
12,814

Cash and cash equivalents
84,183

Restricted cash
2,838

Accrued interest receivable
6,588

Other assets
22,774

Total Assets
$
2,362,277

Liabilities:
 
Repurchase agreements
$
1,516,294

Dividends payable
48

Other liabilities
10,337

Total Liabilities
$
1,526,679

 
Three Months Ended
 
March 31,
(in thousands)
2018
 
2017
Interest income:
 
 
 
Commercial real estate assets
$
—

 
$
23,570

Available-for-sale securities
—

 
246

Other
—

 
2

Total interest income
—

 
23,818

Interest expense
—

 
6,106

Net interest income
—

 
17,712

Expenses:
 
 
 
Management fees
—

 
1,662

Servicing expenses
—

 
322

Other operating expenses
—

 
2,273

Total expenses
—

 
4,257

Income from discontinued operations before income taxes
—

 
13,455

Provision for income taxes
—

 
1

Income from discontinued operations attributable to common stockholders
$
—

 
$
13,454