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      "text": "(5) Book value per share includes CECL allowance of $172 million or ($2.48) per common share",
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      "text": "(2) Represents the principal amount on our loan portfolio including non-consolidated senior interests, one real estate owned asset and CMBS B-Pieces held through an equity method investment",
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      "text": "(4) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligations, less cash to (ii) total permanent equity, in each case, at period end",
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      "text": "(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end",
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      "text": "(1) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP",
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      "text": "Balance Sheet ($ in Millions) 1Q'23 Total Portfolio (2) $8,034.0 Term Credit Facilities 1,528.7 Term Lending Agreements 1,536.6 Secured Term Loan 345.6 Convertible Notes 143.8 Total Debt $3,554.7 Collateralized Loan Obligations 1,942.8 Term Loan Facility 644.4 Asset Specific Financing 184.8 Total Leverage $6,326.7 Cash 254.1 Total Equity 1,513.1 Common Shareholders' Equity 1,185.4 Debt-to-Equity Ratio (3) 2.2x Total Leverage Ratio (4) 4.0x Book Value per Share (5) $17.16 Shares Outstanding 69,095,011",
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      "text": "Income Statement ($ in Millions) 1Q'23 Net Interest Income $46.6 Other Income 4.6 Operating Expenses (15.8) Provision for Credit Losses (60.5) Preferred Stock Dividends (5.3) Other (0.4) Net Income (Loss) Attributable to Common Stockholders ($30.8) Net Income (Loss) per Share, Diluted ($0.45) Distributable Earnings (1) $33.1 Distributable Earnings per Share, Diluted (1) $0.48 Dividend per Share $0.43 Diluted Weighted Average Shares Outstanding 69,095,011",
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