Arbor realty trust, inc. (ABR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net (loss) income

56,876

155,238

159,572

153,780

140,989

148,051

130,388

116,934

110,633

97,509

97,130

89,585

83,401

62,481

38,487

39,293

39,553

53,429

53,455

101,514

102,481

93,048

90,888

30,689

21,537

21,298

16,307

13,330

24,728

21,716

-5,798

-10,300

-36,201

-40,096

0

0

0

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization

7,545

7,510

7,577

7,583

7,519

7,453

7,382

7,363

7,334

7,385

7,434

7,414

6,041

5,022

4,428

3,870

4,874

5,436

5,732

6,288

6,998

7,371

7,698

7,760

7,430

7,250

6,941

6,646

6,359

5,904

6,112

6,337

6,695

5,951

0

0

0

Stock-based compensation

9,275

9,514

8,831

7,708

7,306

6,095

5,845

5,499

5,080

4,840

4,406

4,336

4,137

3,514

3,492

3,178

3,432

3,443

3,191

3,020

3,534

1,989

1,856

1,746

1,175

1,600

1,432

1,249

1,096

578

0

0

0

-

-

-

-

Amortization and accretion of interest and fees, net

6,025

5,045

3,646

3,725

5,999

9,291

10,144

10,498

7,885

4,682

5,319

4,752

4,452

4,563

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of capitalized mortgage servicing rights

48,221

48,681

49,216

48,928

48,541

48,124

47,414

47,288

47,179

47,202

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on real estate owned

-

-

-

-

-

-

-

-

-

3,200

0

0

0

-

-

-

-

-

-

-

-

250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Originations of loans held-for-sale

4,906,416

4,564,032

4,978,175

4,966,145

4,785,240

5,074,662

4,612,598

4,236,638

4,212,963

4,444,939

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of loans held-for-sale, net of gain on sale

4,150,506

4,189,787

4,941,314

4,676,888

4,844,023

4,893,886

4,448,120

4,310,189

4,496,260

4,814,906

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage servicing rights

98,463

90,761

98,904

94,209

93,437

98,839

83,425

77,107

76,424

76,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of capitalized mortgage servicing rights from payoffs

23,887

22,425

23,657

24,028

24,705

25,058

22,347

19,413

17,250

15,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for loss sharing (net of recoveries)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses (net of recoveries)

0

-

-

-

-

8,353

-966

198

565

-456

-566

-2,619

-815

-134

2,088

2,419

3,469

4,467

1,454

2,503

539

-308

806

229

1,921

4,287

6,434

10,533

17,657

22,946

40,808

46,182

45,797

38,542

0

0

0

Provision for loss sharing (net of recoveries)

-

-

-

-

-

3,843

2,986

-1,650

-1,465

-259

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Charge-offs) recoveries for loss-sharing obligations, net

403

797

-328

-717

177

56

3,536

-114

-116

1,638

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

86,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-15,550

150

1,395

-2,148

-2,913

-12,033

-21,868

-21,471

-22,546

-7,399

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale and restructuring of loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Amortization and accretion of interest, fees and intangible assets, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-2,348

-2,096

-4,306

-3,127

-1,968

-1,037

52

1,634

3,673

5,149

9,591

10,167

0

0

0

Income from equity affiliates

12,476

10,635

9,225

4,479

2,601

1,196

-3,603

-1,579

-2,968

-2,951

3,557

7,490

11,860

12,995

12,511

13,935

11,102

12,301

11,202

4,798

3,304

248

70

39

-82

-204

-243

-386

-529

-697

-794

3,147

3,396

3,671

0

0

0

Loss on extinguishment of debt

-9,265

-7,439

0

0

0

-

-

-

-

7,116

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,930

4,930

7,907

28,875

30,459

33,417

34,373

15,331

10,878

0

0

0

Changes in operating assets and liabilities

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

11,631

15,430

15,430

4,407

7,784

0

0

0

-

-

-

-

-

-

-

-

3,953

0

0

0

-

-

-

-

Change in fair value of non-qualifying swaps and linked transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

-44

-715

-1,951

-1,798

-1,886

-1,655

-847

-1,334

-741

85

145

246

0

0

0

Loss on termination of swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,630

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acceleration of deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,172

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

-

-

-

-

-

-

-

-

-23,698

308

16,886

19,946

47,529

4,624

-929

-10,122

-8,941

-2,535

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

3,679

3,925

2,830

964

0

0

0

Distributions of operations from equity affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

97

97

97

96

0

0

0

Other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

2,985

6,674

2,647

3,324

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Due to/from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-1,236

-2,138

-2,307

10,761

0

0

0

Net cash (used in) provided by operating activities

-728,161

-226,537

214,952

-134,046

209,857

-37,735

-123,270

171,555

407,928

459,704

39,954

90,559

-129,779

-198,515

149,627

34,424

37,823

36,258

41,574

36,831

28,494

30,795

24,824

22,904

25,239

22,522

31,232

26,108

21,873

20,166

15,756

17,453

13,365

-389

0

0

0

Investing Activities:
Loans and investments funded, originated and purchased, net

3,124,099

2,712,354

2,276,683

2,069,121

1,665,318

1,545,499

1,979,855

2,191,137

2,012,378

1,867,393

1,196,586

945,709

725,260

870,166

975,382

903,676

939,394

985,008

957,749

1,009,848

969,983

908,769

848,728

764,820

761,029

594,127

524,556

459,110

322,662

261,875

288,177

234,828

233,568

219,608

0

0

0

Payoffs and paydowns of loans and investments

1,771,573

1,753,691

1,516,528

1,328,288

1,049,565

960,769

889,589

932,578

959,967

959,696

894,166

713,177

700,614

667,902

819,525

845,563

969,847

985,789

991,278

2,013,708

1,390,854

987,700

1,272,624

-25,635

185,299

378,738

-229,858

-141,229

-181,526

-185,675

-232,659

-205,333

-154,282

-157,753

0

0

0

Deferred fees

25,183

22,340

21,364

18,310

12,301

13,114

12,324

14,276

13,582

10,982

11,739

10,384

9,322

11,938

8,580

6,962

6,268

4,876

4,702

4,642

4,571

5,687

6,627

6,896

7,357

5,305

4,027

3,558

2,764

3,062

3,337

2,871

3,373

2,860

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,050

0

0

0

Investments in real estate, net

503

475

265

434

503

367

419

459

619

672

538

603

315

588

810

1,248

1,721

2,224

3,065

3,900

4,330

4,714

6,010

6,273

6,482

8,004

6,990

6,395

6,141

4,206

0

0

0

-

-

-

-

Contributions to equity affiliates

7,552

13,522

9,153

6,138

6,063

2,493

2,480

2,503

2,805

693

2,142

2,553

3,990

6,091

6,948

8,561

8,513

19,324

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of securities held-to-maturity, net

-

20,000

45,862

35,862

49,054

47,499

30,471

40,972

27,780

27,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payoffs and paydowns of securities held-to-maturity

14,280

12,488

5,636

4,429

3,651

2,269

1,607

971

597

460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions from equity affiliates

-

-

-

-

-

3,122

5,440

7,104

6,894

4,671

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,536

0

0

0

Proceeds from sale of real estate, net

-

-

-

-

-

-

-

-

-

-

-

-

-

49,030

70,624

70,624

30,942

40,077

0

0

0

-

-

-

-

-

-

-

-

26,443

0

0

0

-

-

-

0

Proceeds from sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

1,567

0

0

0

-

-

-

-

33,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance settlements, net

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to borrowers and reserves

36,192

37,121

25,193

30,680

4,035

65,213

2,353

19,460

24,816

-38,372

0

0

0

-

-

-

-

-

-

-

-

-

36

36

36

585

585

779

761

505

599

976

1,671

1,397

0

0

0

Purchases of securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,024

0

0

0

-

-

-

-

-

-

-

-

Principal collection on securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

663

8,942

14,665

31,662

38,614

42,183

53,856

53,618

55,895

0

0

0

-

-

-

-

Net cash used in investing activities

-1,367,097

-994,740

-814,187

-792,265

-661,298

-681,875

-1,106,713

-1,299,417

-1,110,822

-906,845

-339,372

-309,021

-38,013

-196,917

-151,891

10,692

59,544

24,734

58,884

83,193

504

144,951

79,096

82,297

-121,965

-200,076

-277,053

-300,256

-115,897

-46,533

-22,969

-2,785

-69,798

-40,348

0

0

0

Financing activities:
Proceeds from repurchase agreements and credit facilities

9,590,056

8,986,286

9,656,091

9,321,406

8,921,436

9,166,255

8,518,617

7,843,132

7,646,333

8,215,669

0

0

0

-

-

-

0

-

-

-

679,842

402,080

326,655

309,165

343,528

235,145

227,860

164,635

149,111

162,922

0

0

0

-

-

-

-

Paydowns and payoffs of repurchase agreements and credit facilities

8,773,232

8,443,275

9,440,254

8,610,721

8,516,225

8,559,057

7,910,435

7,436,933

7,873,444

8,593,411

8,181,878

8,235,229

6,005,419

3,571,929

1,832,311

382,705

503,619

636,940

654,302

418,888

545,271

382,019

414,381

386,860

128,527

205,482

149,743

190,835

206,073

108,366

92,920

38,995

11,859

4,848

0

0

0

Proceeds from issuance of collateralized loan obligations

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payoffs and paydowns of collateralized loan obligations

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175

212

212

212

217

217

218

217

281

0

0

0

Proceeds from issuance of common stock

0

-

-

-

-

156,417

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6,800

6,800

49,280

49,280

134,176

0

0

0

-

-

-

-

-

-

-

-

Proceeds from collateralized loan obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

177,000

0

0

0

-

-

-

-

-

-

-

-

Payoffs and paydowns of collateralized debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

312,071

352,221

342,497

420,465

307,482

363,956

308,895

228,692

167,154

99,349

157,447

190,709

158,956

137,141

98,443

97,863

64,413

0

0

0

Settlements of convertible senior unsecured notes

250,437

231,940

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior unsecured notes

385,000

200,000

90,000

90,000

115,000

125,000

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of operating partnership units

1,643

1,674

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of withholding taxes on net settlement of vested stock

1,777

3,634

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on financial instruments underlying linked transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,613

110,480

127,432

193,002

165,385

0

0

0

-

-

-

-

-

-

-

-

Receipts on financial instruments underlying linked transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,027

351,048

201,066

141,734

175,181

0

0

0

-

-

-

-

-

-

-

-

Payments on swaps and margin calls to counterparties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

290

1,050

1,300

1,975

2,032

5,320

24,797

54,842

75,139

129,262

110,306

73,336

61,541

3,370

8,860

19,090

15,930

0

0

0

Repurchase of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

684

0

0

0

-

-

-

-

Distributions paid on common stock

117,994

107,846

97,613

89,102

78,222

68,083

59,371

51,558

46,836

42,612

39,113

36,227

32,891

31,798

31,217

30,639

30,577

29,495

28,412

27,330

26,203

26,029

25,855

24,900

23,559

21,326

0

0

0

-

-

-

-

-

-

-

-

Distributions paid on noncontrolling interest

23,931

23,387

22,818

22,187

21,758

20,650

19,108

17,620

16,135

15,286

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions paid on preferred stock

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,554

7,553

7,554

7,553

7,554

7,554

7,554

7,554

7,554

7,553

7,553

7,575

7,096

0

0

0

-

-

-

-

-

-

-

0

-

0

0

0

Distributions paid on preferred stock of private REIT

14

15

14

15

14

14

15

15

15

15

15

14

15

15

14

14

14

14

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Paydowns and payoffs of mortgage note payable - real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

27,155

27,154

27,154

42

30,984

0

0

0

-

-

-

-

-

-

-

-

20,750

0

0

0

-

-

-

-

Proceeds from mortgage note payable - real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,155

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payoffs of related party financing

-

-

-

-

-

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs

37,200

26,543

11,283

19,325

19,017

20,499

32,888

29,255

27,617

24,576

17,017

16,318

11,367

10,617

5,181

4,626

5,367

10,776

11,187

9,938

15,348

10,573

10,588

7,786

2,657

5,037

0

0

0

-

-

-

-

-

-

-

-

Payoffs of junior subordinated notes to subsidiary trust issuing preferred securities

-

-

-

-

-

-

-

-

-

12,691

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,168

-

85,161

80,173

69,978

-162,354

-30,702

-122,469

-24,762

-12,514

-65,983

42,989

-34,005

23,820

-12,931

-13,073

13,942

-45,425

0

0

0

Receipts on swaps and returns of margin calls from counterparties

-

-

-

-

-

-

-

-

-

430

1,589

2,780

4,100

4,600

4,950

4,890

4,500

4,840

5,080

5,760

6,617

8,993

14,458

34,114

61,748

80,653

130,386

109,710

74,542

61,478

6,620

9,210

17,136

15,280

0

0

0

Expenses paid on issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

285

345

1,815

2,020

4,788

0

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,500

22,500

22,500

54,000

70,287

0

0

0

-

-

-

-

-

-

-

-

Expenses paid on issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

858

779

797

2,067

2,632

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

2,205,285

1,391,170

629,232

1,161,029

633,604

816,507

1,303,427

1,140,517

716,995

522,953

401,393

277,981

194,465

326,382

-211,534

-184,802

-227,469

-92,501

-57,719

-37,774

43,731

-185,719

-95,705

-108,100

51,465

208,755

269,630

260,578

118,533

320

-11,290

7,218

42,743

-5,149

0

0

0

Net increase in cash, cash equivalents and restricted cash

110,027

169,893

29,997

234,718

182,163

96,897

73,444

12,655

14,101

75,812

101,974

59,519

26,671

-69,050

-213,798

-139,685

-130,101

-31,509

42,738

82,249

72,730

-9,971

8,215

-2,898

-45,260

31,200

23,809

-13,569

24,509

-26,047

-18,503

21,885

-13,689

-45,888

0

0

0

Supplemental cash flow information:
Cash used to pay interest

171,067

167,581

158,755

146,024

130,596

118,923

104,572

99,115

88,075

75,582

69,874

65,170

56,928

53,012

47,560

44,207

42,944

43,939

44,354

45,119

43,918

42,756

42,241

43,457

44,552

46,717

44,944

44,114

41,589

38,566

38,578

38,259

41,295

41,559

0

0

0

Cash used to pay taxes

19,284

19,611

19,161

22,514

18,316

20,026

22,721

18,069

23,791

20,823

14,618

13,603

953

264

199

54

132

287

389

355

288

80

328

324

360

462

667

1,231

1,146

1,159

572

7

-6

161

0

0

0

Supplemental schedule of non-cash investing and financing activities:
Issuance of common stock from convertible debt

71,320

69,232

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special dividend - common stock issued

-

10,079

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special dividend - special voting preferred stock and operating partnership units issued

-

2,478

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of conversion feature of convertible senior unsecured notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlements of convertible senior unsecured notes

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans converted to real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83,099

0

0

0

Assumption of mortgage notes payable - real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55,351

0

0

0

Issuance of special voting preferred shares and operating partnership units in connection with the Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,974

0

0

0

Investments transferred from real estate owned, net to real estate held-for-sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage note payable - real estate held-for-sale, net transferred to real estate owned, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and unpaid expenses on preferred stock offerings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Accrued and unpaid expenses on common stock offerings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

8.25% Series A preferred stock
Distributions accrued on preferred stock

267

267

267

267

267

267

0

267

267

267

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7.75% Series B preferred stock
Distributions accrued on preferred stock

203

203

203

203

203

203

0

203

203

203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8.50% Series C preferred stock
Distributions accrued on preferred stock

159

159

159

159

159

159

0

159

159

159

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-