| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Revenues: | ||||||
Rental revenues | ||||||
207,010 | 183,013 | 123,597 | 48,563 | 13,233 | 1,564 | 36 |
Change in unrealized gain on mortgage loans | ||||||
- | - | -190,856 | -195,909 | 88,829 | 350,822 | 61,092 |
Net realized gain on mortgage loans | ||||||
-6,912 | -938 | 84,024 | 85,990 | 94,493 | 55,766 | 10,482 |
Net realized gain on sales of real estate | ||||||
42,854 | 33,177 | 76,913 | 117,617 | 50,932 | 9,482 | 0 |
Net realized gain on mortgage loans held for sale | ||||||
- | - | - | - | - | 2,771 | 0 |
Interest income | ||||||
- | - | 493 | 497 | 611 | 2,893 | 687 |
Total revenues | ||||||
207,010 | 183,013 | 94,171 | 56,758 | 248,098 | 423,298 | 72,297 |
Expenses: | ||||||
Residential property operating expenses | ||||||
77,775 | 63,987 | 62,759 | 66,466 | 66,266 | 26,018 | 767 |
Property management expenses | ||||||
15,364 | 13,189 | 8,982 | 3,701 | - | - | - |
Depreciation and amortization | ||||||
82,249 | 80,961 | 61,601 | 27,027 | 7,472 | 1,067 | 25 |
Acquisition and integration costs | ||||||
3,131 | 33,607 | 778 | 9,339 | 2,292 | 2,584 | 1,408 |
Related party acquisition fees and costs | ||||||
- | - | - | - | - | - | 115 |
Impairment | ||||||
4,458 | 12,734 | 40,108 | 57,913 | 72,230 | 21,788 | 184 |
Mortgage loan servicing costs | ||||||
902 | 1,521 | 10,683 | 34,595 | 62,346 | 68,181 | 10,418 |
Interest Expense | ||||||
84,137 | 77,035 | 59,582 | 53,868 | 53,694 | 35,812 | 4,568 |
Share-based Payment Arrangement, Expense | ||||||
5,926 | 3,024 | 4,139 | 1,287 | 184 | 227 | - |
General and administrative | ||||||
25,829 | 13,817 | 10,994 | 10,556 | 10,105 | 13,317 | 2,800 |
Management fees to AAMC | ||||||
14,299 | 14,743 | 17,301 | 19,175 | 22,966 | 67,949 | 12,416 |
Total expenses | ||||||
314,070 | 314,618 | 276,927 | 283,927 | 297,555 | 236,943 | 32,701 |
Net gain on real estate and mortgage loans | ||||||
12,856 | -145 | -29,919 | - | - | - | - |
Operating loss | ||||||
-94,204 | -131,750 | -182,756 | -227,169 | -49,457 | - | - |
Loss from Catastrophes | ||||||
978 | 552 | 6,021 | 0 | 0 | - | - |
Insurance recoveries | ||||||
730 | 588 | 3,349 | 0 | 0 | - | - |
Other income | ||||||
-10,772 | 925 | 0 | -750 | 3,518 | 2,543 | 0 |
Loss before income taxes | ||||||
-105,224 | -130,789 | -185,428 | -227,919 | -45,939 | 188,898 | 39,596 |
Income tax expense | ||||||
167 | 46 | 26 | 109 | 66 | 45 | 0 |
Net Income (Loss) Attributable to Parent | ||||||
-105,391 | -130,835 | -185,454 | -228,028 | -46,005 | 188,853 | 39,596 |
Earnings Per Share [Abstract] | ||||||
Earnings Per Share, Basic | ||||||
-1.96 | -2.44 | -3.47 | -4.18 | -0.81 | 3.36 | 1.67 |
Weighted average common stock outstanding – basic (in shares) | ||||||
53,772 | 53,552 | 53,493 | 54,490 | 56,843 | 56,247 | 23,734 |
Loss per share of common stock - diluted: | ||||||
Earnings Per Share, Diluted | ||||||
-1.96 | -2.44 | -3.47 | -4.18 | -0.81 | 3.34 | 1.61 |
Weighted Average Number of Shares Outstanding, Diluted | ||||||
53,772 | 53,552 | 53,493 | 54,490 | 56,843 | 56,588 | 24,620 |
Dividends declared per common share (usd per share) | ||||||
0.45 | 0.60 | 0.60 | 0.75 | 1.83 | 2.03 | 0.35 |