7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2018-03-31 2017-06-30 2016-03-31 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 2005-06-30 2005-03-31 2004-12-31 2004-09-30 2004-06-30 2004-03-31 
      
    		                                                              
      cash flows from operating activities:
    		                                                              
      net income/
    		48,104,000 33,184,000 41,176,000 5,909,000 48,183,000 41,946,000 23,213,000 89,746,000 -56,438,000 -25,928,000 72,784,000     44,123,000 132,511,000 66,714,000 85,522,000                         66,837,000 69,106,000 53,673,000                 
      adjustments to reconcile net income/(loss) to net cash from operating activities:
    		                                                              
      net (gain)/loss on residential whole loans
    		-42,911,000 -34,365,000 -55,757,000 98,455,000 -146,956,000 -16,821,000 11,095,000 -221,802,000 132,894,000 130,703,000 -129,174,000                                                    
      impairment and other net (gain)/loss on securities and other portfolio investments
    		-17,997,000 -6,643,000 -21,188,000 25,787,000 -22,712,000 2,003,000 4,112,000 -22,200,000 13,504,000 4,570,000 -2,932,000                                                    
      net (gain)/loss on real estate owned
    		-232,000                                                              
      accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities
    		505,000 -1,928,000 741,000 773,000 576,000 -3,514,000 -3,327,000 -4,318,000 -4,314,000 -5,829,000 -4,507,000                                                    
      provision/(reversal of provision) for credit losses on residential whole loans and other assets
    		276,000 791,000 145,000 397,000 -1,942,000 -1,053,000 649,000     -270,000 238,000                                                  
      net (gain)/loss on derivatives used for risk management purposes
    		5,981,000 15,391,000 44,842,000 -46,633,000 57,100,000 10,237,000 -23,182,000                                                        
      net (gain)/loss on securitized debt measured at fair value through earnings
    		21,302,000 3,712,000 18,575,000 -47,266,000 71,475,000 7,597,000 20,169,000                                                        
      net margin received/(paid) for derivatives used for risk management purposes
    		-724,000 -12,316,000 -83,136,000 31,944,000 -30,358,000 4,249,000 -5,112,000                                                        
      net other non-cash (gains)/losses included in net income
    		17,003,000 30,624,000 12,061,000 9,168,000 37,911,000 8,085,000 14,103,000        -134,618,000                                                
      (increase)/decrease in other assets
    		-20,839,000 -744,000 30,747,000 39,360,000 -27,554,000 -6,071,000 19,397,000 7,715,000 -37,848,000 -23,275,000 -27,522,000    78,454,000                                                
      increase/(decrease) in other liabilities
    		4,257,000 7,807,000 -4,267,000 -6,433,000 3,202,000 1,603,000 -6,915,000 51,278,000 -3,919,000 4,131,000 11,471,000    609,000   6,860,000 4,975,000                                            
      net cash provided by/(used in) operating activities
    		14,725,000 38,458,000 -14,564,000 111,447,000 -11,274,000 46,480,000 53,467,000                                                        
      cash flows from investing activities:
    		                                                              
      purchases and origination of residential whole loans, loan related investments and capitalized advances
    		-678,689,000 -743,848,000 -607,825,000 -729,305,000 -567,003,000 -691,878,000 -761,214,000 -763,181,000 -810,961,000 -881,761,000 -459,012,000                                                    
      proceeds from sales of residential whole loans
    		83,261,000 64,771,000 72,261,000 246,441,000 241,306,000 14,732,000 151,664,000 80,721,000 2,243,000 -322,000 263,014,000          15,602,000                                          
      principal payments on residential whole loans and loan related investments
    		615,766,000 643,220,000 586,807,000 591,461,000 608,605,000 599,787,000 402,354,000 375,015,000 375,752,000 373,366,000 321,626,000 341,939,000 402,363,000 567,386,000 567,114,000 579,702,000 515,646,000 492,253,000 425,300,000                                            
      purchases of securities
    		-355,811,000 -162,183,000 -299,642,000 -465,133,000 -228,514,000   -53,257,000 -151,912,000 -77,888,000 -305,858,000                                                    
      proceeds from sales of securities and other assets
    		18,173,000 0 2,617,000 0 16,013,000   18,227,000    0 15,291,000 0 369,000                                                
      principal payments on securities
    		43,325,000 96,081,000 32,512,000 39,434,000 18,276,000 18,227,000 8,081,000 8,887,000 10,972,000 10,012,000 5,755,000 49,694,000 974,000 983,000 1,470,000 26,611,000 20,366,000 51,424,000 58,896,000                                            
      proceeds from sales of real estate owned
    		27,317,000 22,332,000 24,308,000 17,989,000 18,324,000 25,615,000 24,217,000 22,616,000 26,235,000 32,207,000 33,968,000 28,829,000 23,709,000 40,106,000 41,336,000 53,853,000 44,532,000 38,006,000 50,619,000 76,183,000 90,244,000 94,052,000 19,307,000 24,302,000 6,157,000                                      
      other investing activities
    		-25,316,000 49,121,000 -62,584,000 57,311,000 -17,131,000 -1,856,000 83,496,000 1,762,000 -5,560,000                                                      
      net cash provided by/(used in) investing activities
    		-271,974,000 -30,506,000 -251,546,000 -241,802,000 89,876,000 -181,269,000 -91,402,000             517,549,000 460,524,000      408,747,000 744,160,000 98,650,000 349,044,000                                 
      cash flows from financing activities:
    		                                                              
      principal payments on financing agreements with mark-to-market collateral provisions
    		-915,304,000 -692,569,000 -406,558,000 -1,139,059,000 -697,619,000 -539,062,000 -290,021,000 -921,897,000 -746,246,000 -476,085,000 -766,604,000 -226,090,000 -1,016,502,000 -1,141,857,000 -586,883,000 -880,730,000 -243,248,000 123,496,000 -821,716,000 -409,342,000 -379,785,000                                          
      proceeds from borrowings under financing agreements with mark-to-market collateral provisions
    		882,908,000 895,642,000 699,300,000 966,724,000 740,535,000 759,255,000 438,616,000 920,878,000 705,379,000 782,275,000 640,498,000 324,346,000 515,870,000 826,120,000 965,270,000 1,012,588,000 1,288,311,000 57,454,000 663,926,000 258,322,000 212,633,000                                          
      principal payments on other collateralized financing agreements
    		-411,992,000 -437,003,000 -444,264,000 -609,549,000 -782,276,000 -678,350,000 -576,135,000 -585,448,000 -472,717,000 -524,203,000 -415,443,000 -496,883,000 -393,523,000 -500,615,000 -761,122,000 -398,941,000 -411,262,000 -551,606,000 -521,259,000                                            
      proceeds from borrowings under other collateralized financing agreements
    		755,468,000 364,758,000 341,077,000 1,057,305,000 694,915,000 749,987,000 482,499,000 983,182,000 1,029,650,000 712,168,000 778,400,000 427,754,000 1,149,686,000 1,002,812,000 1,096,258,000 1,109,594,000 339,122,000 805,945,000 437,915,000                                            
      payments made for other collateralized financing agreement related costs
    		-3,920,000 -1,965,000 -2,154,000 -2,403,000 -866,000                                                          
      redemption and repurchase of convertible senior notes
    		   0 0                                                          
      proceeds from issuance of senior notes
    		   0 6,000 72,044,000 110,626,000                        0 0                               
      payments made for settlements and unwinds of swaps
    		-8,846,000   0                28,383,000 0                                          
      proceeds from issuance of preferred stock
    		                                                              
      payments made for costs related to preferred stock issuance
    		                                                              
      proceeds from issuances of common stock, net of expenses
    		-21,000 -20,000 -20,000 -20,000 -21,000 -20,000 -20,000                                                        
      payments made for the repurchase of common stock
    		-5,077,000 0 -5,189,000 0 0 0 -1,491,000                                                        
      dividends paid on preferred stock
    		-10,834,000 -10,560,000 -8,219,000 -8,219,000 -8,218,000 -8,219,000 -8,219,000 -8,219,000 -8,218,000 -8,219,000 -8,219,000 -8,219,000 -8,218,000 -8,219,000 -8,219,000 -8,219,000 -8,218,000 -8,219,000 -8,219,000 -8,218,000   -3,750,000 -3,750,000 -3,750,000 -3,750,000 -3,750,000 -3,750,000               -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -2,040,000 -1,758,000 -1,062,000   
      dividends paid on common stock and dividend equivalents
    		-37,577,000 -37,400,000 -35,881,000 -36,020,000 -36,047,000 -36,015,000 -35,789,000 -35,789,000 -35,789,000 -35,756,000 -35,769,000 -44,965,000 -44,962,000 -46,878,000 -47,230,000 -44,248,000 -44,236,000 -33,641,000 -34,015,000 -22,759,000 0 -10,980,000 -79,769,000 -75,008,000 -74,425,000                                      
      net cash provided by/(used in) financing activities
    		249,263,000 63,709,000 138,092,000 228,759,000 -117,121,000 147,045,000 78,895,000     -25,774,000 197,371,000 77,630,000 600,986,000 752,758,000          95,578,000         -400,914,000 -85,171,000 287,087,000 2,296,727,000                         
      net increase/(decrease) in cash, cash equivalents and restricted cash
    		-7,986,000 71,661,000 -128,018,000 98,404,000 -38,519,000 12,256,000 40,960,000                                                        
      cash, cash equivalents and restricted cash at beginning of period
    		0 0 601,312,000 0 0 0 488,211,000 0 0 0 494,081,000 0 0 0 404,447,000 0 0 0 821,519,000 0 0                                          
      cash, cash equivalents and restricted cash at end of period
    		-7,986,000 71,661,000 473,294,000 98,404,000 -38,519,000 12,256,000 529,171,000 34,673,000 -49,858,000 -24,193,000 527,589,000 -107,315,000 56,053,000 -10,196,000 555,539,000 -177,301,000 -333,500,000 129,384,000 785,864,000 -67,955,000 215,622,000                                          
      supplemental disclosure of cash flow information
    		                                                              
      cash paid for interest
    		127,771,000 126,915,000 122,604,000 126,768,000 130,939,000 135,771,000 122,746,000                                                        
      non-cash investing and financing activities:
    		                                                              
      transfer from residential whole loans to real estate owned
    		29,325,000 30,286,000 25,448,000 21,583,000 37,132,000 25,609,000 19,342,000 18,491,000 16,990,000 28,256,000 20,925,000  16,658,000 23,138,000 22,079,000   18,302,000 20,068,000    54,822,000 36,164,000 22,280,000                                      
      transfer from commercial loans to real estate owned
    		   0                                                           
      dividends and dividend equivalents declared and unpaid
    		-180,000 110,000 37,400,000 19,000 -28,000 33,000 36,015,000 0 0 33,000 35,756,000  1,000 -1,394,000 46,357,000   10,596,000 33,640,000    79,905,000 4,976,000 74,583,000                                      
      payable for unsettled investment purchases
    		  31,048,000                                                            
      net gain on real estate owned
    		  1,497,000 -14,000 -199,000 -1,781,000 -735,000 -1,132,000 -2,251,000 -2,193,000 -3,936,000                                                    
      receivable for sale of unsettled residential whole loans
    		                                                              
      deconsolidation of securitized agency eligible investor loans and related debt
    		                                                              
      payable for purchase of unsettled agency mbs
    		                                                              
      payment made for other collateralized financing agreement related costs
    		      -1,340,000 -2,702,000 -3,218,000 -2,071,000 -4,602,000 -1,744,000 -5,014,000 -6,762,000 -2,870,000 -298,000 -1,728,000 -3,748,000 -1,371,000                                            
      redemption of convertible senior notes
    		      -39,831,000                                                        
      net other non-cash losses included in net income
    		       10,626,000 8,802,000 4,436,000 7,855,000 6,369,000 6,282,000   -5,210,000 6,898,000 4,002,000 5,212,000                                            
      net cash from operating activities
    		       3,817,000 39,795,000   4,509,000 151,645,000 76,363,000 133,560,000 11,221,000 12,476,000 72,431,000 24,165,000 21,645,000 -39,893,000 50,748,000 5,896,000 57,145,000 38,999,000 48,265,000 70,960,000 85,882,000 70,080,000 71,166,000 77,794,000 71,859,000 80,801,000 79,933,000 89,339,000 87,517,000 95,471,000 62,082,000 59,146,000 65,494,000 60,747,000 60,551,000 79,849,000 68,603,000 70,593,000 50,919,000 54,875,000 57,107,000 25,107,000 49,336,000 1,621,000 10,354,000   12,298,000 38,981,000 37,937,000 46,978,000 44,219,000 15,856,000 50,041,000 18,182,000 
      increase in cash balances resulting from lima one purchase transaction
    		               -1,000                                               
      net cash from investing activities
    		       -309,210,000 -548,164,000 -550,114,000 -142,102,000 -86,050,000      -305,982,000 345,476,000     1,514,664,000 336,711,000       -472,543,000 -201,277,000 -108,461,000      125,714,000 -475,615,000 1,319,856,000    295,273,000                 
      redemption of convertible senior notes and senior notes
    		                                                              
      proceeds from issuances of common stock
    		       -20,000 -21,000 17,000 17,000 27,000 34,000 541,000 581,000 528,000 525,000 396,000 376,000 6,716,000 1,000 -506,000 1,230,000 185,944,000 306,000 7,616,000 10,216,000 27,011,000 33,120,000 7,278,000 8,640,000 603,000 3,344,000 451,000 2,038,000 373,000 197,000 605,195,000 239,000 97,000 148,000 125,000 70,000 386,786,000 139,000 16,373,000 73,407,000 58,412,000 304,890,000 253,074,000             
      payments made for the repurchase of common stock through the stock repurchase program
    		           0 0 -47,512,000 -54,799,000                                                
      net cash from financing activities
    		       340,066,000 458,511,000 448,126,000 188,278,000       362,935,000 -405,296,000    -131,014,000 -1,067,670,000 -394,481,000       257,750,000 339,231,000 9,127,000             -380,220,000 74,406,000         -5,126,000 181,630,000 671,774,000 705,347,000 -317,299,000 1,216,736,000 
      interest paid
    		       124,248,000 105,003,000 101,827,000 87,057,000 87,438,000 62,380,000 54,640,000 34,727,000 35,330,000 23,026,000 29,056,000 29,554,000                                            
      transfer from other interest earning assets (commercial loans) to reo
    		                                                              
      right-of-use lease asset and lease liability
    		                                                              
      benefit from credit losses on residential whole loans and other assets
    		        1,073,000                                                      
      net income/(gain) on derivatives used for risk management purposes
    		        -9,432,000 -37,018,000 42,879,000                                                    
      net income/(gain) on securitized debt measured at fair value through earnings
    		        -40,229,000 -30,908,000 48,846,000                                                    
      net margin (paid)/received for derivatives used for risk management purposes
    		        37,953,000 58,812,000 -28,428,000                                                    
      net (decrease)/increase in cash, cash equivalents and restricted cash
    		              151,092,000 -177,301,000   -35,655,000                                            
      net increase in cash, cash equivalents and restricted cash
    		         -24,193,000 33,508,000 -107,315,000 56,053,000        215,622,000                                          
      reversal of benefit from credit losses on residential whole loans and other assets
    		          -4,000                                                    
      net cash (used in)/provided by operating activities
    		          -12,668,000                                                    
      purchases of real estate owned and capital improvements
    		          -137,000 -133,000 -216,000 -276,000 -353,000 -251,000 -463,000 -407,000 -217,000 -864,000 -536,000 -6,120,000 -2,678,000                                        
      additions to leasehold improvements, furniture and fixtures
    		          -1,458,000 1,231,000 -306,000 -272,000 -953,000 38,687,000 -7,146,000 -39,174,000 -4,415,000 -3,437,000 -2,262,000 1,008,000 -171,000 -277,000 -56,000 -85,000  -137,000                                   
      payable for unsettled residential whole loan and treasury bill purchases
    		              329,706,000                                                
      net (loss)/income
    		           6,710,000 -55,018,000 -100,367,000 -82,906,000     45,817,000 87,210,000                           50,053,000 35,038,000 -85,943,000             
      adjustments to reconcile net income to net cash from operating activities:
    		                                                              
      net income/(gain) on residential whole loans
    		                                                              
      impairment and other net income/(gain) on securities and other portfolio investments
    		                                                              
      accretion of purchase discounts and amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments
    		           -15,260,000 -5,208,000 -2,711,000 -4,135,000 -36,129,000                                               
      decrease/(increase) in other assets
    		                   39,471,000 -21,625,000                                          
      (decrease)/increase in other liabilities
    		                   -33,884,000 8,872,000   -6,862,000 -3,798,000                                      
      purchases of residential whole loans, loan related investments and capitalized advances
    		           -507,610,000 -734,778,000 -772,116,000 -1,192,437,000 -1,639,881,000 -1,844,299,000 -848,084,000 -184,707,000 -131,898,000 -60,316,000                                          
      proceeds from sales of residential whole loans, and residential whole loan repurchases
    		                                                              
      principal payment on redemption of senior notes
    		               0 0 0 -100,000,000                                            
      payments made for settlements and unwinds of swaps designated as hedges
    		                                                              
      proceeds from issuance of series c preferred stock
    		                   0 0                                          
      payments made for costs related to series c preferred stock issuance
    		                   0 0                                          
      proceeds from the issuance of warrants
    		                   0 0                                          
      payments made for the repurchase of warrants
    		                                                              
      losses/(gains) on residential whole loans and real estate owned
    		            285,433,000       -36,209,000                                           
      losses/(gains) on securities
    		            -1,620,000                                                  
      impairment and other gains and losses on securities available-for-sale and other assets
    		               -23,957,000                                               
      net gains on derivatives used for risk management purposes
    		                                                              
      net mark-to-market on securitized debt measured at fair value
    		            -100,767,000                                                  
      unrealized loss on loan originator investment
    		            2,032,000                                                  
      decrease in other assets
    		            129,385,000    2,392,000                                              
      decrease in other liabilities
    		                      -12,228,000                                        
      payable for unsettled residential whole loan purchases
    		                 19,073,000 112,202,000                                            
      repayment of lima one preferred stock in connection with the lima one transaction
    		                                                              
      net (gains)/losses on derivatives used for risk management purposes
    		                                                              
      net cash (used in)/provided by investing activities
    		             -164,189,000 -583,454,000 -941,280,000       -116,160,000   -434,541,000         284,571,000 -84,548,000 -508,753,000 -2,074,629,000                         
      (gains)/losses on residential whole loans and real estate owned
    		              277,273,000 36,141,000 -26,426,000 -5,525,000 -35,893,000                                            
      (gains)/losses on securities
    		              2,921,000    -100,000                                            
      (reversal of provision)/benefit from credit and valuation losses on residential whole loans and other financial instruments
    		              -4,038,000 -4,805,000 -10,316,000 -9,267,000 -23,967,000                                            
      gains on securities
    		               363,000 -493,000                                              
      loss on terminated swaps previously designed as hedges for accounting purposes
    		                                                              
      proceeds from issuance of convertible senior notes
    		                                                              
      payments made for the repurchase of common stock through the share repurchase program
    		               -37,516,000 0 -27,142,000 -20,933,000                                            
      impairment and other losses on securities available-for-sale and other assets
    		                   116,000 221,000                                          
      accretion of purchase discounts on residential whole loans and securities
    		                 -17,886,000 -16,436,000                                            
      amortization of purchase premiums on residential whole loans and securities, and amortization of terminated hedging instruments
    		                 8,878,000 6,791,000                                            
      increase in other assets
    		                  -1,939,000      -6,259,000                                      
      receivable for unsettled residential whole loan and securities sales
    		                                                              
      gains on residential mortgage securities and msr related assets
    		                   -2,946,000                                           
      accretion of purchase discounts on residential mortgage securities, residential whole loans and msr-related assets
    		                   -7,518,000 -7,341,000                                          
      amortization of purchase premiums on residential mortgage securities and residential whole loans, and amortization of terminated hedging instruments
    		                   5,100,000 5,358,000                                          
      benefit from credit and valuation losses on residential whole loans and other financial instruments
    		                   -15,969,000 -27,244,000                                          
      net valuation and other non-cash losses included in net income
    		                   27,667,000                                           
      purchases of residential mortgage securities and msr-related assets
    		                   0 0                                          
      proceeds from sales of residential mortgage securities, msr-related assets, and other assets
    		                   0 116,000                                          
      principal payments on residential mortgage securities and msr-related assets
    		                   23,436,000 18,837,000                                          
      proceeds from settlements on swaps
    		                      30,711,000                                        
      payments made for costs related to common stock issuances
    		                                                              
      net cash (used in)/provided by financing activities
    		                   -607,149,000 -205,009,000      -418,189,000 -774,472,000 -322,018,000 -219,933,000                                 
      losses on terminated swaps previously designated as hedges and other
    		                                                              
      principal payments on residential whole loans
    		                    398,839,000 790,615,000 71,865,000 47,949,000 21,666,000                                      
      principal payments on financing agreements with non-mark-to-market collateral provisions
    		                                                              
      proceeds from borrowings under financing agreements with non-mark-to-market collateral provisions
    		                    0                                          
      principal payments made on senior secured credit agreement
    		                                                              
      proceeds from issuance of senior secured credit agreement
    		                    0                                          
      principal payments on securitized debt
    		                    -76,046,000 -44,587,000 -12,817,000 7,481,000 -10,133,000 -73,262,000 -105,998,000 -100,540,000                                   
      proceeds from issuance of securitized debt
    		                          52,829,000    0 0 0 186,691,000 0 0 474,866,000 488,389,000                         
      loss on sales of residential whole loans
    		                                                              
      gain on sales of residential mortgage securities, msr-related assets, and other assets
    		                                                              
      gain on sales of real estate owned
    		                     -4,111,000 -1,993,000                                        
      gain on liquidation of residential whole loans
    		                     2,646,000 -5,279,000                                        
      loss on terminated swaps previously designated as hedges for accounting purposes
    		                                                              
      depreciation and amortization on real estate, fixed assets and other assets
    		                     3,547,000 423,000 167,000 272,000                                      
      equity-based compensation expense
    		                     2,274,000 553,000 2,325,000 1,134,000 1,484,000 1,212,000 760,000 1,301,000 885,000 2,114,000 1,793,000 1,480,000 1,101,000   1,024,000 932,000 1,093,000 622,000 846,000 722,000 594,000 416,000 426,000 474,000 412,000 305,000 297,000 342,000             
      unrealized losses/(gains) on residential whole loans at fair value
    		                                                              
      unrealized losses on residential mortgage securities and interest rate swap agreements (“swaps”) and other
    		                                                              
      net income
    		                      83,395,000 79,925,000 78,070,000 76,188,000 78,557,000 71,328,000 75,473,000 77,351,000 69,219,000 78,141,000 74,766,000 84,713,000 70,564,000 83,699,000 79,286,000 82,865,000 61,581,000 77,214,000 48,290,000 82,677,000          7,077,000 -19,733,000 14,963,000 -30,603,000 6,271,000 12,159,000 18,881,000 19,820,000 18,648,000   
      gain on sales of mbs and u.s. treasury securities
    		                      -8,817,000   -3,571,000 -6,147,000 -13,680,000                                   
      other-than-temporary impairment charges
    		                              0 0 280,000 920,000 4,187,000 3,991,000   6,865,000 0   8,919,000 0 7,460,000 1,549,000 0                
      accretion of purchase discounts on mbs and crt securities, residential whole loans and msr related assets
    		                      -19,793,000                                        
      amortization of purchase premiums on mbs and crt securities
    		                      5,392,000                                        
      unrealized gain on residential whole loans at fair value
    		                      -13,747,000 -983,000 -6,226,000                                      
      (increase)/decrease in other assets and other
    		                      -22,010,000                                        
      principal payments on mbs, crt securities and msr related assets
    		                      484,334,000                                        
      proceeds from sales of mbs and u.s. treasury securities
    		                      19,362,000                                        
      purchases of mbs, crt securities, msr related assets and u.s. treasury securities
    		                      -194,328,000                                        
      purchases of residential whole loans and capitalized advances
    		                      -513,851,000 156,102,000 -165,510,000                                      
      redemption of federal home loan bank stock
    		                       -53,000 10,475,000                                      
      principal payments on repurchase agreements and other advances
    		                      -16,609,092,000 -19,811,589,000 -19,776,510,000                                      
      proceeds from borrowings under repurchase agreements and other advances
    		                      16,553,139,000 18,409,274,000 19,532,131,000                                      
      payments made for settlements on interest rate swap agreements
    		                      -10,666,000                                        
      net (decrease)/increase in cash, cash equivalents, and restricted cash
    		                      -241,278,000                                        
      cash, cash equivalents, and restricted cash at beginning of period
    		                      463,064,000                                        
      cash, cash equivalents, and restricted cash at end of period
    		                      221,786,000                                        
      net (decrease)/increase in securities obtained as collateral/obligation to return securities obtained as collateral
    		                      -248,650,000  -5,175,000                                      
      accretion of purchase discounts on mbs and crt securities and residential whole loans
    		                       -24,096,000 -22,083,000                                      
      decrease/(increase) in other assets and other
    		                                                              
      principal payments on mbs and crt securities and other investments
    		                                                              
      purchases of mbs and crt securities and other investments
    		                                                              
      payments made for securitization related costs
    		                                                              
      payments made for margin calls and settlements on repurchase agreements and interest rate swap agreements
    		                                                              
      proceeds from reverse margin calls and settlements on repurchase agreements and swaps
    		                                                              
      net increase in cash and cash equivalents
    		                          61,518,000 55,570,000    -142,934,000      284,180,000    115,196,000 166,765,000   44,400,000    105,357,000  -1,736,000 -20,065,000 10,643,000   14,435,000 9,206,000 23,128,000    
      cash and cash equivalents at beginning of period
    		                       95,105,000 165,007,000 565,370,000 0 0 0 401,293,000 0 0 0 394,022,000 0 0 0 345,243,000 0 0 0 653,460,000 0 0 0 361,167,000 0 0 0 234,410,000 0 0 0 64,301,000 0 0 0 68,341,000 0 0 0 139,707,000 
      cash and cash equivalents at end of period
    		                       599,244,000 146,236,000 274,672,000 61,518,000 55,570,000 -153,288,000 601,570,000 -49,149,000 -142,934,000 218,755,000 374,621,000 -27,004,000 -82,202,000 -126,195,000 629,423,000 74,318,000 -260,618,000 -237,113,000 768,656,000 166,765,000 204,203,000 -123,075,000 405,567,000 -77,363,000 206,673,000 -107,910,000 339,767,000 -5,943,000 -1,736,000 -20,065,000 74,944,000 -68,533,000 40,852,000 14,435,000 77,547,000 23,128,000 -48,961,000 25,566,000 68,608,000 
      net decrease in securities obtained as collateral/obligation to return securities obtained as collateral
    		                                                              
      gain on sales of mbs
    		                        -9,745,000                             -2,094,000         
      (gain)/loss on sales of real estate owned
    		                        -509,000                                      
      amortization of purchase premiums on mbs
    		                        8,143,000 10,215,000 11,009,000 15,897,000 16,508,000 14,793,000 14,123,000 14,873,000 12,520,000 10,782,000                             
      principal payments on mbs and crt securities
    		                        807,349,000                                      
      proceeds from sales of mbs
    		                        32,034,000                                      
      purchases of mbs and crt securities
    		                        -375,404,000                                      
      payments made for margin calls on repurchase agreements and interest rate swap agreements
    		                        -117,800,000                                      
      proceeds from reverse margin calls on repurchase agreements and swaps
    		                        55,700,000 30,000,000 20,809,000 0   2,000,000 2,000,000 4,800,000 4,090,000 17,000,000 500,000 17,381,000 8,033,000 0 5,500,000                       
      net decrease in cash and cash equivalents
    		                        -18,771,000                                    25,566,000 -71,099,000 
      mbs and crt securities recorded upon adoption of revised accounting standard for repurchase agreement financing
    		                                                              
      repurchase agreements recorded upon adoption of revised accounting standard for repurchase agreement financing
    		                                                              
      accretion of purchase discounts on mbs
    		                         -27,434,000 -25,125,000 -19,560,000                                   
      depreciation and amortization on fixed assets and other assets
    		                         327,000  973,000 1,063,000 1,097,000                                 
      unrealized gains on derivative instruments
    		                         -2,076,000                                     
      (increase)/decrease in interest receivable
    		                         -863,000                                     
      increase in prepaid and other assets
    		                         -9,644,000                                     
      decrease in accrued expenses and other liabilities, and excise tax and interest
    		                         -3,745,000                                     
      increase/(decrease) in accrued interest payable on financial instruments
    		                         7,384,000                                     
      principal payments on mbs
    		                         438,149,000 539,215,000 748,019,000 771,575,000 711,901,000 693,771,000 754,704,000 664,146,000 558,516,000 602,633,000 627,488,000 539,236,000 521,796,000 566,855,000 673,749,000 1,275,474,000 574,798,000         462,573,000 342,471,000 389,151,000 443,109,000 647,721,000 795,930,000 653,098,000 533,138,000 561,234,000 551,407,000 603,339,000 362,585,000 
      proceeds from sale of mbs and u.s. treasury securities
    		                         15,501,000 81,256,000 277,534,000 9,876,000 206,203,000                                 
      purchases of mbs
    		                         -888,106,000 -211,623,000 -281,256,000               -142,459,000        -2,214,013,000 -1,519,753,000 -323,288,000 -71,412,000 -634,628,000 -248,222,000 -672,602,000 -752,682,000 -1,253,636,000 -1,361,680,000 -310,669,000 -1,669,010,000 
      principal payments on repurchase agreements
    		                         -20,203,589,000 -9,539,368,000 -21,028,230,000 -21,259,147,000 -18,024,857,000 -14,326,178,000 -17,720,107,000 -16,446,942,000 -14,744,454,000 -10,207,487,000 -16,008,325,000 -15,585,664,000 -12,249,066,000 -10,626,175,000 -12,342,438,000 -13,183,067,000 -13,998,897,000 -11,188,500,000 -16,353,059,000 -17,202,680,000 -16,630,370,000 -19,828,608,000 -16,427,776,000 -11,968,625,000 -15,762,869,000 -5,698,791,000 -3,524,840,000 -2,738,489,000 -9,139,598,000         
      proceeds from borrowings under repurchase agreements
    		                         20,470,421,000 9,310,494,000 20,687,118,000 21,265,603,000 18,175,212,000 14,246,324,000 18,184,026,000 16,906,417,000 14,840,227,000 10,002,983,000 16,155,737,000 15,803,202,000 13,862,812,000 10,543,905,000 12,063,665,000 13,443,412,000 12,816,945,000 10,809,040,000 15,976,415,000 16,381,970,000 16,364,175,000 19,487,970,000 16,497,074,000 13,967,034,000 15,548,622,000             
      payments made on obligation to return securities obtained as collateral
    		                          -46,800,000 100,069,000                                   
      cash disbursements on financial instruments underlying linked transactions
    		                         -374,073,000 -165,647,000 -139,252,000                                   
      cash received from financial instruments underlying linked transactions
    		                         344,504,000 162,111,000 125,771,000 58,309,000 59,245,000 72,526,000 61,848,000 110,246,000 218,269,000 245,555,000 421,054,000 514,827,000 529,084,000                         
      payments made for margin calls on repurchase agreements and swaps
    		                         -29,000,000                 -47,238,000 -12,770,000 -27,440,000 -74,360,000                 
      dividends paid on common stock and ders
    		                         -73,289,000 -80,814,000 -182,326,000               -70,240,000 -55,730,000   -45,662,000 -39,726,000   -4,007,000            
      net (decrease)/increase in cash and cash equivalents
    		                         -290,698,000             74,318,000                        
      net increase in securities obtained as collateral/obligation to return securities obtained as collateral
    		                         47,768,000 179,557,000 21,480,000 -1,000 200,099,000                                 
      dividends and ders declared and unpaid
    		                         73,875,000 -7,528,000 731,000 -179,167,000 259,607,000 -3,829,000 -7,212,000 -3,515,000 86,778,000 7,325,000 120,000 5,388,000 84,692,000                         
      gain on sale of real estate
    		                                                   0 0 -4,705,000         
      unrealized (gains)/losses on derivative instruments
    		                                                              
      (increase)/decrease in prepaid and other assets
    		                                                              
      realized loss on tba short positions
    		                                                              
      increase/(decrease) in accrued expenses and other liabilities, and excise tax and interest
    		                                                              
      increase in accrued interest payable on financial instruments
    		                                                              
      proceeds from sale of real estate
    		                                                  9,511,000 0 0 14,023,000         
      additions to leasehold improvements, furniture, fixtures and real estate investment
    		                                                              
      maturity of obligation to return securities obtained as collateral
    		                          0                                    
      payments made for resecuritization related costs
    		                                                              
      payments made for senior notes related costs
    		                                                              
      payments made for margin calls on repurchase agreements and interest rate swaps
    		                          -8,500,000 -61,399,000                                   
      payment made to purchase interest rate swaption
    		                                                              
      settlement of tba short positions
    		                                                              
      payments made for redemption of series a preferred stock
    		                          0 0                                   
      proceeds from issuance of series b preferred stock
    		                          0 0                                   
      payments made for preferred stock offering costs
    		                          0 0                                   
      payments made to repurchase common stock
    		                          -16,254,000                                    
      supplemental disclosure of cash flow information:
    		                                                              
      mbs recorded upon de-linking of linked transactions
    		                              254,000 16,561,000 35,553,000 122,826,000 28,815,000 28,233,000 284,418,000 431,580,000                         
      repurchase agreements recorded upon de-linking of linked transactions
    		                                  0 0 0 46,698,000                         
      unrealized losses/(gains) on derivative instruments
    		                                                              
      decrease/(increase) in interest receivable
    		                           3,051,000      244,000         2,871,000 903,000      1,456,000     1,555,000        
      increase in accrued expenses and other liabilities, and excise tax and interest
    		                                                              
      (decrease)/increase in accrued interest payable on financial instruments
    		                           2,270,000                                   
      unrealized gains and other on linked transactions
    		                                                              
      decrease in interest receivable
    		                             1,891,000          344,000 458,000 6,676,000    1,585,000                -3,773,000 
      net increase/(decrease) in cash and cash equivalents
    		                             200,277,000     -27,004,000 -82,202,000                           
      gains on sale of mbs
    		                                                  0            
      losses on termination of repurchase agreements
    		                                      0 0 0 26,815,000                     
      depreciation and amortization on real estate and other assets
    		                              1,063,000 1,149,000 895,000 427,000 401,000 1,362,000                           
      unrealized (gains)/losses and other on linked transactions
    		                                                              
      (decrease)/increase in interest receivable
    		                                                              
      increase/(decrease) in accrued expenses, other liabilities and excise tax and interest
    		                                                              
      payments to terminate repurchase agreements
    		                                                              
      principal amortization and prepayment on mortgage loan
    		                                                              
      noncash investing and financing activities:
    		                                                              
      securities obtained as collateral
    		                              -871,000 -3,203,000 9,167,000 197,339,000                             
      increase in interest receivable
    		                                              1,594,000 -531,000         -457,000 -979,000  -4,499,000   
      increase in accrued expenses and other liabilities
    		                                          3,976,000 1,816,000        -344,000 -2,610,000 1,066,000         
      increase/(decrease) in accrued interest payable
    		                               715,000      192,000         3,403,000   3,646,000             
      proceeds from sale of mbs
    		                               65,976,000 0 71,103,000 74,135,000    0 0 0 939,119,000 212,401,000 0     0 1,851,019,000 0 20,298,000 1,034,871,000 788,490,000 564,812,000    0    
      decrease/(increase) in prepaid and other assets
    		                                                              
      (decrease)/increase in accrued expenses and other liabilities
    		                                                              
      increase/(decrease) in prepaid and other assets
    		                                 1,844,000                             
      decrease in accrued expenses and other liabilities
    		                                                         155,000    -12,508,000 
      increase in accrued interest payable
    		                                 2,404,000                  4,217,000 -8,324,000 -22,512,000  10,803,000 10,132,000 16,126,000  5,760,000 2,825,000 3,918,000 
      net (increase)/decrease in cash and cash equivalents
    		                                 -19,401,000                             
      unrealized gain and other on linked transactions
    		                                                              
      decrease/(increase) in prepaid and other assets and other
    		                                                              
      equity-based compensation expense and other
    		                                  1,402,000                            
      negative amortization and principal accretion on mbs
    		                                                              
      net additions to leasehold improvements, furniture, fixtures and real estate investment
    		                                           -89,000 -242,000 -218,000                 
      payment made to purchase interest rate swaptions
    		                                                              
      net (accretion of purchase discounts)/amortization of purchase premiums
    		                                                              
      unrealized losses/(gains) and other on linked transactions
    		                                   2,991,000                           
      increase in prepaid and other assets and other
    		                                           -111,000                   
      increase/(decrease) in accrued expenses and other liabilities
    		                                   -6,384,000             -7,720,000 8,369,000             
      decrease in accrued interest payable
    		                                                              
      payments made to purchase swaptions
    		                                                              
      net accretion of purchase premiums and discount amortization on mbs
    		                                                              
      depreciation and amortization
    		                                     521,000                      205,000 206,000 191,000 
      principal amortization on mortgage loan
    		                                                              
      losses on sale of mbs
    		                                                0 25,101,000 0 0           
      losses on termination of swaps
    		                                              0                
      net amortization of purchase premiums and discounts on mbs
    		                                      373,000 -804,000                       
      depreciation and amortization on real estate
    		                                      247,000 142,000 178,000 163,000 159,000 132,000 127,000 94,000        198,000   189,000 189,000     
      (increase)/decrease in prepaid and other assets and other
    		                                                              
      (decrease)/increase in accrued interest payable
    		                                          552,000                    
      payments on termination of swaps
    		                                              0                
      unrealized gain and other on mbs forwards
    		                                                              
      principal payments on mbs forwards
    		                                          -133,319,000                    
      proceeds from mbs forwards
    		                                       397,046,000 225,249,000 339,717,000 106,110,000                    
      net cash used by financing activities
    		                                        177,755,000 -1,265,211,000    -301,792,000                 
      net (accretion)/amortization of purchase (discount) and premium on mbs
    		                                                              
      proceeds received for reverse margin calls on repurchase agreements and swaps
    		                                         287,416,000                     
      principal payments on mortgage loan
    		                                          -41,000 -40,000 -46,000 -39,000                 
      gains on termination of swaps
    		                                                              
      amortization of purchase premium on mbs, net of accretion of discounts
    		                                          -1,908,000 739,000 3,501,000 4,228,000    5,267,000             
      amortization of premium costs for caps
    		                                                              
      negative amortization and principal accretion on investments securities
    		                                                              
      principal payments on mbs and other investment securities
    		                                              261,133,000 309,998,000               
      net additions to leasehold improvements, furniture, fixtures, and real estate investment
    		                                                              
      net cash provided/(used) by investing activities
    		                                          589,316,000 240,697,000      157,295,000     577,905,000        
      proceeds from termination of swaps
    		                                                              
      cash received for reverse margin calls on repurchase agreements and swaps
    		                                          23,758,000 8,710,000 56,338,000 70,820,000                 
      net cash (used)/provided by financing activities
    		                                          -502,400,000 -105,097,000      -101,274,000     -658,736,000        
      built-in gains taxes refunded on sales of real estate
    		                                                              
      gains on sales of mbs
    		                                           0    0 0 -571,000             
      losses on early termination of swaps
    		                                                 91,481,000             
      principal payments on mbs and other investments securities
    		                                           579,626,000 476,560,000 357,525,000    395,632,000             
      payments made on termination of swaps
    		                                                              
      negative amortization and principal accretion on investment securities
    		                                            0 -12,000  -154,000 -101,000 -238,000             
      purchases of mbs and other investment securities
    		                                            -265,554,000 -62,034,000 -13,151,000 -234,838,000 -2,864,738,000 -2,089,356,000             
      decrease in cash and cash equivalents
    		                                                              
      losses on sale of mbs, gross
    		                                                              
      gains on sales of mbs, gross
    		                                                              
      (increase)/ decrease in other assets and other
    		                                             -746,000                 
      (decrease)/ increase in accrued expenses and other liabilities
    		                                             -2,181,000                 
      (decrease)/ increase in accrued interest payable
    		                                             -7,745,000                 
      dividends paid on common stock and dividend equivalent rights
    		                                             -46,351,000    -18,005,000             
      amortization of premium cost for caps
    		                                                    454,000 383,000 242,000 342,000 564,000 430,000     
      depreciation and amortization on real estate, including discontinued operations
    		                                              96,000   117,000 108,000 108,000           
      gain on sale of real estate included in discontinued operations
    		                                                              
      loss on sale of real estate included in discontinued operations
    		                                                              
      additions to leasehold improvements
    		                                                              
      net cash used by investing activities
    		                                              247,982,000 75,160,000         -18,376,000 -219,402,000 -692,865,000 -770,164,000 292,824,000 -1,306,017,000 
      proceeds from terminations of swaps
    		                                                              
      common stock repurchased
    		                                                  -430,000 0 -2,818,000 -2,879,000 -10,912,000        
      principal payments on and satisfaction of mortgages from discontinued operations
    		                                                              
      mortgage prepayment penalty paid – discontinued operations
    		                                                              
      built-in gains taxes (refunded)/paid on sales of real estate
    		                                                              
      adjustments to reconcile net (loss)/income to net cash from operating activities:
    		                                                              
      losses on sales of mbs
    		                                                              
      gain on termination of swaps
    		                                                              
      amortization of purchase premiums on mbs, net of accretion of discounts
    		                                               4,425,000    6,508,000 7,869,000 8,123,000  16,914,000 14,359,000 11,606,000     
      amortization of premium cost for interest rate cap agreements
    		                                                            609,000 405,000 
      increase in other assets and other
    		                                               87,000 136,000 -542,000  159,000 -11,000 -1,196,000 357,000 -123,000 53,000 -352,000   -195,000 -356,000 
      tax refunds-discontinued operations
    		                                                              
      decrease in restricted cash
    		                                               387,000               
      principal payments on mortgage
    		                                               -38,000 -40,000 -37,000             
      losses/(gain) on early termination of swaps
    		                                                              
      other-than-temporary impairment charge
    		                                                4,017,000 851,000             
      increase in excess margin cash collateral
    		                                                              
      (payments)/proceeds from termination of swaps
    		                                                              
      increase in restricted cash
    		                                                 -28,538,000             
      payments made for termination of swaps
    		                                                 -91,481,000             
      gains on early termination of swaps
    		                                                              
      other-than-temporary impairment recognized on mbs
    		                                                              
      decrease in receivable under the discount waiver, direct stock purchase and dividend reinvestment plan
    		                                                              
      share-based compensation expense
    		                                                              
      negative amortization on investments securities
    		                                                              
      net cash (used)/provided by investing activities
    		                                                              
      payments made for terminations of swaps
    		                                                              
      proceeds from issuance of common stock
    		                                                  11,018,000            
      dividends paid on common stock and der payments
    		                                                              
      net cash provided/(used) by financing activities
    		                                                              
      net income, including discontinued operations
    		                                                              
      amortization of premium cost for derivative assets
    		                                                  393,000            
      decrease/(increase) in receivable under drspp
    		                                                              
      decrease (increase) in other assets and other
    		                                                              
      gain on sale of real estate from discontinued operations
    		                                                              
      loss on sale of real estate from discontinued operations
    		                                                              
      negative amortization on mbs
    		                                                  0 -134,000 -612,000 -868,000         
      cash increase from initial consolidation of subsidiary
    		                                                              
      purchase of caps
    		                                                              
      proceeds from borrowings on repurchase agreements
    		                                                  7,435,412,000 4,675,730,000 1,620,689,000 7,993,066,000         
      principal payments on and satisfaction of mortgages, including discontinued operations
    		                                                              
      built-in gains taxes paid on sales of real estate
    		                                                              
      stock option expense and stock based compensation
    		                                                   20,000           
      principal payments on mortgages
    		                                                   -54,000 -20,000 -6,075,000         
      decrease in receivable under the dividend reinvestment and stock repurchase plan
    		                                                              
      decrease (increase) in interest receivable
    		                                                    3,732,000 4,042,000         
      net cash provided (used) by investing activities
    		                                                    1,100,734,000 1,174,210,000         
      dividends paid on common stock
    		                                                    -4,012,000 -4,058,000 -4,134,000 -10,387,000 -14,955,000 -18,170,000 -18,550,000 -19,700,000   
      decrease in receivable under the dividend reinvestment and stock
    		                                                              
      repurchase plan
    		                                                              
      net cash (used) provided by financing activities
    		                                                    -1,126,690,000 -1,161,584,000         
      loss on sale of mbs
    		                                                     497,000         
      stock option expense
    		                                                     120,000 119,000 122,000 126,000 126,000 141,000 126,000 120,000 171,000 
      net cash (used) provided by operating activities
    		                                                     -1,983,000         
      amortization of purchase premium on investments, net of accretion of discounts
    		                                                              
      (decrease)/increase in accrued expenses and other liabilities and mbs purchase payable
    		                                                              
      equity income from equity investments in real estate
    		                                                              
      net gain on sale of real estate equity interests and real estate
    		                                                              
      distributions from equity investees
    		                                                              
      net(decrease)/increase in borrowing under repurchase agreements
    		                                                              
      net proceeds from issuance of preferred stock
    		                                                          43,768,000 0   
      net proceeds from issuance of common stock
    		                                                      0    19,498,000 13,732,000   
      principal amortization on real estate investment mortgages
    		                                                              
      proceeds from exercise of common stock options
    		                                                              
      cash paid during the period for interest
    		                                                          22,492,000 14,694,000 15,577,000 12,606,000 
      net gain on sale of portfolio investments
    		                                                              
      decrease in receivable under drspp
    		                                                       0       
      depreciation and amortization on real estate and fixed assets
    		                                                              
      cash recognized upon consolidation of subsidiary
    		                                                           0 0 258,000 
      net (decrease)/increase in borrowings under repurchase agreements
    		                                                              
      amortization of mortgage principal for real estate
    		                                                       18,000 -55,000 -47,000     
      adjustments to reconcile net income to net cash from operating
    		                                                              
      activities:
    		                                                              
      net increase in borrowings under repurchase agreements
    		                                                        11,869,000 198,842,000  712,376,000 -384,007,000 1,131,284,000 
      net proceeds from issuances of common stock
    		                                                        0 2,998,000    103,770,000 
      net proceeds from issuances of preferred stock
    		                                                              
      decrease (increase) in receivable under drspp
    		                                                         985,000     
      purchase of interest rate caps
    		                                                              
      net (gain)/loss on sale of securities
    		                                                              
      other-than-temporary impairment recognized on corporate debt securities
    		                                                              
      increase receivable under drspp
    		                                                              
      proceeds from sale of corporate equity securities
    		                                                              
      proceeds from sale of corporate debt securities
    		                                                              
      purchase of controlling interest in consolidated subsidiary
    		                                                              
      net increase in borrowing under repurchase agreements
    		                                                              
      amortization of purchase premiums on investments
    		                                                           12,545,000 14,500,000 8,420,000 
      amortization of premium cost for cap agreements
    		                                                              
      increase in other assets, receivable under drspp and other
    		                                                              
      increase in accrued expenses, other liabilities and mbs purchase payables
    		                                                              
      income from equity interests in real estate in excess of distributions
    		                                                              
      amortization of mortgage principal for real estate investments
    		                                                           -46,000 -52,000 -41,000 
      non-cash equity losses from operations of real estate investments
    		                                                              
      gains on sales of equity interest in real estate
    		                                                              
      purchase of cap agreements
    		                                                              
      proceeds from exercise of stock options
    		                                                              
      supplemental cash flow information:
    		                                                              
      non-cash investing disclosure:
    		                                                              
      consolidation of investment previously accounted for on the equity method
    		                                                           0 0 2,747,000 
      increase in accrued expenses, other liabilities and mbs purchase payable
    		                                                              
      purchase of interest rate cap agreements
    		                                                            0 -2,395,000 
      adjustments to reconcile net income to net cash
    		                                                              
      provided by operating activities:
    		                                                              
      dividends paid
    		                                                             -15,923,000 
      net income on sale of portfolio investments
    		                                                              
      cash received from real estate operations, sales of real estate and
    		                                                              
      equity interests in real estate
    		                                                              
      principal amortization of mortgage principal of consolidated real estate investments
    		                                                              
      depreciation and amortization on consolidated real estate investments
    		                                                              
      non-cash equity losses (income) from operations of real estate investments
    		                                                              
      net proceeds from common stock offering
    		                                                              
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.