v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net income (loss) $ 52,375 $ (292,290) $ 28,086
Other comprehensive income (loss)      
Reclassification adjustment for realized loss included in income as other income 261 2,966 39,412
Amount of loss reclassified from other comprehensive income into income as an increase in provision for credit losses 71,022 0 13,594
Total other comprehensive income (loss) 66,855 (5,140) (32,617)
Comprehensive income (loss) 119,230 (297,430) (4,531)
Comprehensive income allocated to non-controlling interest 19 11 8
Comprehensive income (loss) attributable to the Company 119,211 (297,441) (4,539)
Unrealized gain (loss) on CMBS      
Other comprehensive income (loss)      
Unrealized loss 921 (5,789) (85,623)
Unrealized loss on CLO subordinated note      
Other comprehensive income (loss)      
Unrealized loss $ (5,349) $ (2,317) $ 0