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  "presentationDate": "2023-10-01 00:00:00",
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      "text": "(1) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP\n(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\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities) and secured term loan, less cash to (ii) total permanent equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan and collateralized loan obligations, less cash to (ii) total permanent equity, in each case, at period end\n(5) Book value per share includes CECL allowance of $222 million or ($3.21) per share",
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      "text": "Balance Sheet\n($ in Millions) 3Q'23\nTotal Portfolio (2) $7,869.9\nTerm Credit Facilities 1,520.5\nTerm Lending Agreements 1,406.0\nSecured Term Loan 343.9\nCorporate Revolving Credit Facility 110.0\nTotal Debt $3,380.4\nCollateralized Loan Obligations 1,942.8\nTerm Loan Facility 565.7\nAsset Specific Financing 239.1\nTotal Leverage $6,128.0\nCash 108.0\nTotal Equity 1,453.3\nCommon Shareholders' Equity 1,126.0\nDebt-to-Equity Ratio (3) 2.3x\nTotal Leverage Ratio (4) 4.1x\nBook Value per Share (5) $16.29\nCommon Shares Outstanding 69,106,061",
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      "text": "Income Statement\n($ in Millions) 3Q'23\nNet Interest Income $44.6\nOther Income 5.4\nOperating Expenses (14.2)\nProvision for Credit Losses (8.8)\nPreferred Stock Dividends (5.3)\nOther (0.3)\nNet Income (Loss) Attributable to Common Stockholders $21.4\nNet Income (Loss) per Share, Diluted $0.31\nDistributable Earnings (1) $17.4\nDistributable Earnings per Share, Diluted (1) $0.25\nDividend per Share $0.43\nDiluted Weighted Average Shares Outstanding 69,122,636",
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