2021 Q1 Form 10-Q Financial Statement

#000171754721000020 Filed on May 06, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $77.35M $145.7M
YoY Change -46.93% -9.76%
Cost Of Revenue $17.66M $33.61M
YoY Change -47.47% -16.18%
Gross Profit $70.54M $55.36M
YoY Change 27.43% -41.79%
Gross Profit Margin 91.19% 37.98%
Selling, General & Admin $12.60M $7.038M
YoY Change 78.96% 5.04%
% of Gross Profit 17.86% 12.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.539M $17.98M
YoY Change -46.93% -35.1%
% of Gross Profit 13.52% 32.47%
Operating Expenses $16.72M $94.95M
YoY Change -82.39% 185.12%
Operating Profit $53.82M -$39.59M
YoY Change -235.94% -164.06%
Interest Expense $12.50M $20.74M
YoY Change -39.77% 7.53%
% of Operating Profit 23.22%
Other Income/Expense, Net
YoY Change
Pretax Income -$93.82M -$95.60M
YoY Change -1.86% 1322.15%
Income Tax -$1.800M $1.700M
% Of Pretax Income
Net Earnings -$92.31M -$78.77M
YoY Change 17.19% -628.39%
Net Earnings / Revenue -119.34% -54.05%
Basic Earnings Per Share -$0.71
Diluted Earnings Per Share -$0.71 -$613.1K
COMMON SHARES
Basic Shares Outstanding 129.8M shares 128.5M shares
Diluted Shares Outstanding 129.8M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $430.3M $393.8M
YoY Change 9.26% 338.09%
Cash & Equivalents $430.3M $393.8M
Short-Term Investments
Other Short-Term Assets $27.93M $29.01M
YoY Change -3.72% 5.1%
Inventory
Prepaid Expenses
Receivables $39.20M $41.57M
Other Receivables $0.00 $0.00
Total Short-Term Assets $497.4M $464.4M
YoY Change 7.11% 167.83%
LONG-TERM ASSETS
Property, Plant & Equipment $866.0M $1.251B
YoY Change -30.79% -39.42%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $349.4M $577.2M
YoY Change -39.47% -16.76%
Other Assets $137.1M $536.5M
YoY Change -74.45% 252.51%
Total Long-Term Assets $5.684B $6.729B
YoY Change -15.53% -21.12%
TOTAL ASSETS
Total Short-Term Assets $497.4M $464.4M
Total Long-Term Assets $5.684B $6.729B
Total Assets $6.181B $7.194B
YoY Change -14.07% -17.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.46M $23.27M
YoY Change -46.46% -20.57%
Accrued Expenses $43.77M $41.40M
YoY Change 5.72% 3.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $110.6M $129.8M
YoY Change -14.78% -16.17%
LONG-TERM LIABILITIES
Long-Term Debt $4.183B $4.990B
YoY Change -16.17% -11.62%
Other Long-Term Liabilities $21.21M $71.54M
YoY Change -70.36% 31.74%
Total Long-Term Liabilities $4.205B $5.062B
YoY Change -16.93% -11.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $110.6M $129.8M
Total Long-Term Liabilities $4.205B $5.062B
Total Liabilities $4.346B $5.220B
YoY Change -16.75% -11.34%
SHAREHOLDERS EQUITY
Retained Earnings -$1.340B -$959.7M
YoY Change 39.58% 309.87%
Common Stock $2.849B $2.909B
YoY Change -2.07% 0.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.556B $1.907B
YoY Change
Total Liabilities & Shareholders Equity $6.181B $7.194B
YoY Change -14.07% -17.36%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income -$92.31M -$78.77M
YoY Change 17.19% -628.39%
Depreciation, Depletion And Amortization $9.539M $17.98M
YoY Change -46.93% -35.1%
Cash From Operating Activities $1.660M $57.20M
YoY Change -97.1% 51.82%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$38.33M $275.4M
YoY Change -113.92% 1364.7%
Cash From Investing Activities -$38.33M $275.4M
YoY Change -113.92% 1361.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$18.53M $26.52M
YoY Change -169.87% -156.89%
NET CHANGE
Cash From Operating Activities $1.660M $57.20M
Cash From Investing Activities -$38.33M $275.4M
Cash From Financing Activities -$18.53M $26.52M
Net Change In Cash -$51.69M $357.7M
YoY Change -114.45% 3515.14%
FREE CASH FLOW
Cash From Operating Activities $1.660M $57.20M
Capital Expenditures
Free Cash Flow
YoY Change

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Business and Organization<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Colony Credit Real Estate, Inc. (together with its consolidated subsidiaries, the “Company”) is a commercial real estate (“CRE”) credit real estate investment trust (“REIT”) focused on originating, acquiring, financing and managing a diversified portfolio consisting primarily of CRE debt investments and net leased properties predominantly in the United States. CRE debt investments primarily consist of first mortgage loans, which the Company expects to be its primary investment strategy. Additionally, the Company may selectively originate mezzanine loans and make preferred equity investments, which may include profit participations. The mezzanine loans and preferred investments equity may be in conjunction with the Company’s origination of corresponding first mortgages on the same properties. Net leased properties consist of CRE properties with long-term leases to tenants on a net-lease basis, where such tenants generally will be responsible for property operating expenses such as insurance, utilities, maintenance capital expenditures and real estate taxes. The Company will continue to target net leased equity investments on a selective basis. The Company also currently has investments in CRE debt securities primarily consisting of commercial mortgage-backed securities (“CMBS”) (including “B-pieces” of a CMBS securitization pool) or CRE collateralized loan obligations (“CLOs”) (including the junior tranches thereof, collateralized by pools of CRE debt investments). Any future investments in more highly rated investment grade CRE debt securities would be selective and opportunistic. </span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company was organized in the state of Maryland on August 23, 2017 and maintains key offices in New York, New York and Los Angeles, California. The Company elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, beginning with the taxable year ended December 31, 2018. The Company conducts all activities and holds substantially all assets and liabilities through the Company’s operating subsidiary, Credit RE Operating Company, LLC (the “OP”). At March 31, 2021, the Company owned 97.7% of the OP, as its sole managing member. The remaining 2.3% is owned as noncontrolling interests.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">The Internalization</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On April 30, 2021, the Company completed the internalization of the Company’s management and operating functions and terminated its relationship with CLNC Manager, LLC (the “Manager”), a subsidiary of Colony Capital, Inc. (“Colony Capital”), in accordance with that termination agreement dated April 4, 2021 between the Company, the OP, the Manager and Colony Capital Investment Advisors, LLC (the “Termination Agreement,” and the transactions contemplated thereunder, the “Internalization”). Pursuant to the Termination Agreement, the Company paid the Manager a one-time termination fee of $102.3 million. Therefore, the Company will no longer pay management or incentive fees to the Manager for any post-closing period and the Company will assume general and administrative expenses directly. The Company anticipates a savings in operating costs as a result of the Internalization. Further, in connection with the Internalization, certain affiliates of each of the Company and the Manager entered into a transition services agreement to facilitate an orderly internalization transition of the Company’s management of its operations and, in addition, the Company will provide affiliates of the Manager with certain limited transition services.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s executive team remains unchanged, including Michael J. Mazzei, Chief Executive Officer and President; Andrew E. Witt, Chief Operating Officer; Frank V. Saracino, Chief Financial Officer, Chief Accounting Officer and Treasurer; and David A. Palamé, General Counsel and Secretary. As a result of the stockholders’ vote at the Company’s 2021 Annual Meeting of Stockholders (the “Annual Meeting”), Colony Capital no longer has affiliated representatives on the Company’s board of directors. The Company’s board of directors is comprised of five members, including four incumbent independent directors, led by Catherine D. Rice, the Company’s Independent Chairperson, Vernon Schwartz, John Westerfield and Winston W. Wilson, and Michael J. Mazzei, the Company’s Chief Executive Officer and President. Additionally, certain employees that have contributed substantially to the Company’s investment, underwriting, portfolio and asset management, loan servicing, financial reporting, treasury, legal, tax, credit, risk and compliance responsibilities are seamlessly moving forward with the Company.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Segment Realignment</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">During the first quarter of 2021, the Company realigned the business and reportable segment information to reflect how the Chief Operating Decision Makers (“CODM”) regularly review and manage the business. Refer to Note 17, “Segment Reporting” for further detail.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Impact of COVID-19</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Throughout 2020, continuing into the first quarter of 2021, countries around the world continue to face healthcare and economic challenges arising from the coronavirus disease 2019, or COVID-19. Efforts to address the pandemic, such as social distancing, closures or reduced capacity of retail and service outlets, hotels, factories and public venues, often mandated by governments, are having a significant impact on the global economy and financial markets across major industries, including many sectors of real estate. In particular, the Company’s loans and preferred equity held for investment and real estate investments in the hospitality and retail sectors have experienced or anticipate a myriad of challenges, including, but not limited to: significant declines in operating cash flows of the Company’s investments which in turn affect their ability to meet debt service and covenant requirements on investment-level debt (non-recourse to the Company); flexible lease payment terms sought by tenants; increased property operating costs such as labor and supplies as a result of COVID-19; potential payment defaults on the Company's loans and preferred equity held for investment; and a distressed market affecting real estate values in general. The COVID-19 crisis may also lead to heightened risk of litigation at the investment and corporate level, with an ensuing increase in litigation and related costs.</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The volatility in equity and debt markets, and the economic fallout from COVID-19 continue to affect the valuation of the Company’s financial assets, carried at fair value. The Company’s consideration and assessment of impairment is discussed further in Note 3, “Loans and Preferred Equity Held for Investment, net,” Note 5, “Real Estate Securities, Available for Sale,” Note 6, “Real Estate, net and Real Estate Held for Sale” and Note 14, “Fair Value.”</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A prolonged economic downturn as a result of efforts to contain COVID-19 may continue to negatively affect the Company’s financial condition and results of operations. While the extent and duration of the broad effects of COVID-19 on the global economy and the Company remain unclear, the Company believes it has materially addressed overall recoverability in value across its assets based upon external factors known to date and assumptions using the Company’s best estimate at this time. The Company will continue to monitor the progress of the COVID-19 crisis and reassess its effects on the Company’s results of operations and recoverability in value across its assets as conditions change.</span></div>
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates and assumptions.</span></div>
CY2021Q1 clnc Conversion Of Stock Conversion Ratio
ConversionOfStockConversionRatio
1
CY2021Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 USD
CY2020Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 USD
CY2021Q1 us-gaap Loans Receivable Held For Sale Amount
LoansReceivableHeldForSaleAmount
0 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1800000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1700000 USD
CY2021Q1 clnc Mortgage Loans On Real Estate Weighted Average Period Of Contractual Maturity Including Extensions
MortgageLoansOnRealEstateWeightedAveragePeriodOfContractualMaturityIncludingExtensions
P3Y6M
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40791000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
37191000 USD
CY2021Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2626284000 USD
CY2021Q1 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2575517000 USD
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2225856000 USD
CY2020Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
2183497000 USD
CY2021Q1 clnc Mortgage Loanson Real Estate Commercialand Consumer Net Interest Receivable
MortgageLoansonRealEstateCommercialandConsumerNetInterestReceivable
6800000 USD
CY2020Q4 clnc Mortgage Loanson Real Estate Commercialand Consumer Net Interest Receivable
MortgageLoansonRealEstateCommercialandConsumerNetInterestReceivable
7000000.0 USD
CY2020Q4 clnc Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Including Loans Collateralized By Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateIncludingLoansCollateralizedByInterest
2183497000 USD
CY2021Q1 us-gaap Mortgage Loans On Real Estate Other Additions
MortgageLoansOnRealEstateOtherAdditions
432918000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Collectionsof Principal Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateCollectionsofPrincipalIncludingCorporateTermLoan
41335000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Amortizationof Premium Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateAmortizationofPremiumIncludingCorporateTermLoan
1490000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Interest Capitalized Including Corporate Term Loan
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateInterestCapitalizedIncludingCorporateTermLoan
2547000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investmentin Mortgage Loanson Real Estate Increase Decreasein Changein Allowancefor Loan Losses
SECSchedule1229RealEstateCompaniesInvestmentinMortgageLoansonRealEstateIncreaseDecreaseinChangeinAllowanceforLoanLosses
3602000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Charge Off Including Loans Collateralized By Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateChargeOffIncludingLoansCollateralizedByInterest
2000 USD
CY2021Q1 clnc Sec Schedule1229 Real Estate Companies Investment In Mortgage Loans On Real Estate Including Loans Collateralized By Interest
SECSchedule1229RealEstateCompaniesInvestmentInMortgageLoansOnRealEstateIncludingLoansCollateralizedByInterest
2575517000 USD
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
37191000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
272624000 USD
CY2020Q4 clnc Financing Receivable Allowance For Credit Losses Effect Of Current Expected Credit Losses
FinancingReceivableAllowanceForCreditLossesEffectOfCurrentExpectedCreditLosses
0 USD
CY2019Q4 clnc Financing Receivable Allowance For Credit Losses Effect Of Current Expected Credit Losses
FinancingReceivableAllowanceForCreditLossesEffectOfCurrentExpectedCreditLosses
21093000 USD
CY2021Q1 clnc Financing Receivable Credit Loss Expense Reversal Including Held For Sale
FinancingReceivableCreditLossExpenseReversalIncludingHeldForSale
3602000 USD
CY2020Q1 clnc Financing Receivable Credit Loss Expense Reversal Including Held For Sale
FinancingReceivableCreditLossExpenseReversalIncludingHeldForSale
69686000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
2000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Loss Writeoff After Recovery
FinancingReceivableAllowanceForCreditLossWriteoffAfterRecovery
15533000 USD
CY2021Q1 clnc Financing Receivable Allowance For Credit Loss Transfer To Loans Held For Sale
FinancingReceivableAllowanceForCreditLossTransferToLoansHeldForSale
0 USD
CY2020Q1 clnc Financing Receivable Allowance For Credit Loss Transfer To Loans Held For Sale
FinancingReceivableAllowanceForCreditLossTransferToLoansHeldForSale
295676000 USD
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40791000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
52194000 USD
CY2021Q1 clnc Number Of Senior Loans
NumberOfSeniorLoans
1 loan
CY2020Q4 clnc Mortgage Loanson Real Estate Numberof Loanswith Contractual Payments Past Due
MortgageLoansonRealEstateNumberofLoanswithContractualPaymentsPastDue
0 loan
CY2021Q1 clnc Mortgage Loans On Real Estate Number Of Loans Contributing To More Than10 Percent Of Interest Income
MortgageLoansOnRealEstateNumberOfLoansContributingToMoreThan10PercentOfInterestIncome
0 investment
CY2021Q1 clnc Percentof Interest Income Contributedby Investment
PercentofInterestIncomeContributedbyInvestment
0.100
CY2021Q1 us-gaap Financing Receivable Originated In Current Fiscal Year
FinancingReceivableOriginatedInCurrentFiscalYear
421071000 USD
CY2021Q1 us-gaap Financing Receivable Originated In Fiscal Year Before Latest Fiscal Year
FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear
182621000 USD
CY2021Q1 us-gaap Financing Receivable Originated Two Years Before Latest Fiscal Year
FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear
1218835000 USD
CY2021Q1 us-gaap Financing Receivable Originated Three Years Before Latest Fiscal Year
FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear
747887000 USD
CY2021Q1 us-gaap Financing Receivable Originated Four Years Before Latest Fiscal Year
FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear
45894000 USD
CY2021Q1 us-gaap Financing Receivable Originated Five Or More Years Before Latest Fiscal Year
FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear
0 USD
CY2021Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
2616308000 USD
CY2021Q1 clnc Financing Receivable Average Risk Rating
FinancingReceivableAverageRiskRating
3.6
CY2021Q1 clnc Allowance For Lending Commitment
AllowanceForLendingCommitment
900000 USD
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
349385000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
366481000 USD
CY2021Q1 clnc Alternative Investments
AlternativeInvestments
6522000 USD
CY2020Q4 clnc Alternative Investments
AlternativeInvestments
6883000 USD
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
355907000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
373364000 USD
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-200000 USD
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-75000000.0 USD
CY2021Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
0 USD
CY2021Q1 clnc Numberof Securitization Trusts Held
NumberofSecuritizationTrustsHeld
2 securitization_trust
CY2021Q1 clnc Numberof Securitization Trusts Held
NumberofSecuritizationTrustsHeld
2 securitization_trust
CY2021Q1 us-gaap Foreclosed Assets
ForeclosedAssets
25800000 USD
CY2020Q4 us-gaap Foreclosed Assets
ForeclosedAssets
26200000 USD
CY2021Q1 clnc Real Estate Investment Property Depreciation Expense
RealEstateInvestmentPropertyDepreciationExpense
6900000 USD
CY2020Q1 clnc Real Estate Investment Property Depreciation Expense
RealEstateInvestmentPropertyDepreciationExpense
12000000.0 USD
CY2021Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
22409000 USD
CY2020Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
41958000 USD
CY2021Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
2780000 USD
CY2020Q1 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6649000 USD
CY2021Q1 clnc Above And Below Market Leases Amortization Expense Income
AboveAndBelowMarketLeasesAmortizationExpenseIncome
200000 USD
CY2021Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
25189000 USD
CY2020Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
48607000 USD
CY2021Q1 clnc Hotel Operating Income
HotelOperatingIncome
701000 USD
CY2020Q1 clnc Hotel Operating Income
HotelOperatingIncome
3501000 USD
CY2021Q1 clnc Property Operating Income Excluding Amortizationof Below Above Leases
PropertyOperatingIncomeExcludingAmortizationofBelowAboveLeases
25890000 USD
CY2020Q1 clnc Property Operating Income Excluding Amortizationof Below Above Leases
PropertyOperatingIncomeExcludingAmortizationofBelowAboveLeases
52108000 USD
CY2020Q1 clnc Above And Below Market Leases Amortization Expense Income
AboveAndBelowMarketLeasesAmortizationExpenseIncome
-400000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
61211000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
75456000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
67563000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
62250000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
56363000 USD
CY2021Q1 clnc Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
409564000 USD
CY2021Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
732407000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
77716000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
73760000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
66137000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
60657000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
55152000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
393964000 USD
CY2020Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
727386000 USD
CY2021Q1 clnc Lessor Operating Lease Paymentstobe Received Ten Years Real Estate Heldforsale
LessorOperatingLeasePaymentstobeReceivedTenYearsRealEstateHeldforsale
103600000 USD
CY2020Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
800000 USD
CY2021Q1 us-gaap Operating Lease Expense
OperatingLeaseExpense
800000 USD
CY2020Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
314817000 USD
CY2020Q4 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Heldforsale
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsHeldforsale
8539000 USD
CY2020Q4 clnc Real Estate Heldforsale Not Partof Disposal Group
RealEstateHeldforsaleNotPartofDisposalGroup
323356000 USD
CY2020Q4 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Liabilities Relatedto Assets Heldforsale Not Partof Disposal Group
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsLiabilitiesRelatedtoAssetsHeldforsaleNotPartofDisposalGroup
323000 USD
CY2020Q4 clnc Liabilities Relatedto Assets Heldfor Sale Not Partof Disposal Group
LiabilitiesRelatedtoAssetsHeldforSaleNotPartofDisposalGroup
323000 USD
CY2021Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2021Q1 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
29775000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
12724000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17051000 USD
CY2021Q1 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Gross
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsGross
124105000 USD
CY2021Q1 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Accumulated Amortization
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsAccumulatedAmortization
50561000 USD
CY2021Q1 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Net
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsNet
73544000 USD
CY2021Q1 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16198000 USD
CY2021Q1 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
8794000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7404000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Gross
DeferredCostsLeasingGross
29052000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Accumulated Amortization
DeferredCostsLeasingAccumulatedAmortization
11860000 USD
CY2020Q4 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17192000 USD
CY2020Q4 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Gross
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsGross
122759000 USD
CY2020Q4 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Accumulated Amortization
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsAccumulatedAmortization
47059000 USD
CY2020Q4 clnc Finite Lived Intangible Assets And Deferred Leasing Costs Net
FiniteLivedIntangibleAssetsAndDeferredLeasingCostsNet
75700000 USD
CY2020Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16149000 USD
CY2020Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
8492000 USD
CY2020Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7657000 USD
CY2021Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
222000 USD
CY2020Q1 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
1236000 USD
CY2021Q1 clnc Net Increase Decreaseto Rental Incomefrom Amortizationof Aboveand Below Market Leases
NetIncreaseDecreasetoRentalIncomefromAmortizationofAboveandBelowMarketLeases
-182000 USD
CY2020Q1 clnc Net Increase Decreaseto Rental Incomefrom Amortizationof Aboveand Below Market Leases
NetIncreaseDecreasetoRentalIncomefromAmortizationofAboveandBelowMarketLeases
404000 USD
CY2021Q1 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
620000 USD
CY2020Q1 us-gaap Amortization Of Lease Incentives
AmortizationOfLeaseIncentives
1647000 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
2428000 USD
CY2020Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
5973000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
1203000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
1382000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
1375000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Four
BelowMarketLeaseAmortizationIncomeYearFour
1375000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income Year Five
BelowMarketLeaseAmortizationIncomeYearFive
1373000 USD
CY2021Q1 us-gaap Below Market Lease Amortization Income After Year Five
BelowMarketLeaseAmortizationIncomeAfterYearFive
696000 USD
CY2021Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
7404000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense Year One
DeferredLeasingCostsAmortizationExpenseYearOne
2919000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense Year Two
DeferredLeasingCostsAmortizationExpenseYearTwo
2779000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense Year Three
DeferredLeasingCostsAmortizationExpenseYearThree
2216000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense Year Four
DeferredLeasingCostsAmortizationExpenseYearFour
1908000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense Year Five
DeferredLeasingCostsAmortizationExpenseYearFive
1521000 USD
CY2021Q1 clnc Deferred Leasing Costs Amortization Expense After Year Five
DeferredLeasingCostsAmortizationExpenseAfterYearFive
5708000 USD
CY2021Q1 us-gaap Deferred Costs Leasing Net
DeferredCostsLeasingNet
17051000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
58031000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
65213000 USD
CY2021Q1 clnc Prepaid Taxes And Deferred Income Tax Assets
PrepaidTaxesAndDeferredIncomeTaxAssets
24966000 USD
CY2020Q4 clnc Prepaid Taxes And Deferred Income Tax Assets
PrepaidTaxesAndDeferredIncomeTaxAssets
26294000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21550000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
22056000 USD
CY2021Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5494000 USD
CY2020Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
6440000 USD
CY2021Q1 clnc Prepaid Expense Excluding Prepaid Taxes
PrepaidExpenseExcludingPrepaidTaxes
2962000 USD
CY2020Q4 clnc Prepaid Expense Excluding Prepaid Taxes
PrepaidExpenseExcludingPrepaidTaxes
4272000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
2216000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
651000 USD
CY2021Q1 clnc Investment Deposits And Pending Deal Costs
InvestmentDepositsAndPendingDealCosts
801000 USD
CY2020Q4 clnc Investment Deposits And Pending Deal Costs
InvestmentDepositsAndPendingDealCosts
801000 USD
CY2021Q1 us-gaap Derivative Assets
DerivativeAssets
107000 USD
CY2020Q4 us-gaap Derivative Assets
DerivativeAssets
386000 USD
CY2021Q1 us-gaap Other Assets
OtherAssets
58096000 USD
CY2020Q4 us-gaap Other Assets
OtherAssets
60900000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
30545000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
32569000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
21706000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22186000 USD
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
15739000 USD
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14970000 USD
CY2021Q1 clnc Prepaid Rentand Unearned Revenue
PrepaidRentandUnearnedRevenue
12842000 USD
CY2020Q4 clnc Prepaid Rentand Unearned Revenue
PrepaidRentandUnearnedRevenue
9082000 USD
CY2021Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
12461000 USD
CY2020Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
15083000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
6322000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
0 USD
CY2021Q1 clnc Unfunded Current Expected Credit Losses Loan Allowance
UnfundedCurrentExpectedCreditLossesLoanAllowance
935000 USD
CY2020Q4 clnc Unfunded Current Expected Credit Losses Loan Allowance
UnfundedCurrentExpectedCreditLossesLoanAllowance
1313000 USD
CY2021Q1 us-gaap Security Deposit Liability
SecurityDepositLiability
410000 USD
CY2020Q4 us-gaap Security Deposit Liability
SecurityDepositLiability
1338000 USD
CY2021Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
24000 USD
CY2020Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
37000 USD
CY2021Q1 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
100984000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
96578000 USD
CY2021Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2402617000 USD
CY2021Q1 us-gaap Long Term Debt
LongTermDebt
2397320000 USD
CY2020Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2401102000 USD
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
2393134000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
141415000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
21873000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
443917000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
206985000 USD
CY2021Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
462866000 USD
CY2021Q1 clnc Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
1125561000 USD
CY2021Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2402617000 USD
CY2020Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD
CY2021Q1 us-gaap Incentive Fee Expense
IncentiveFeeExpense
0 USD
CY2021Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2000000.0 USD
CY2020Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2700000 USD
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.866
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.001
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
885070 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1696000 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
244707 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
135795 shares
CY2021Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2200568 shares
CY2021Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
2300000 USD
CY2020Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Vested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested
2600000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14200000 USD
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y6M25D
CY2021Q1 clnc Common Sharesand Preferred Shares Authorizedfor Issuance
CommonSharesandPreferredSharesAuthorizedforIssuance
1000000000.0 shares
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000.0 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2021Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.10
CY2021Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-8582000 USD
CY2021Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-760000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7822000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-70999000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-2000000.0 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
-1900000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-200000 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
500000 USD
CY2020Q2 clnc Number Of Co Investments
NumberOfCoInvestments
4 co-investment
CY2021Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
8600000 USD
CY2020Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-19500000 USD
CY2021Q1 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2626284000 USD
CY2020Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
2225856000 USD
CY2020Q4 us-gaap Unused Commitments To Extend Credit
UnusedCommitmentsToExtendCredit
163000000.0 USD
CY2021Q1 clnc Cash Collateral For Derivatives Held By Counterparties
CashCollateralForDerivativesHeldByCounterparties
100000 USD
CY2021Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-279000 USD
CY2020Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-4084000 USD
CY2021Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
13000 USD
CY2020Q1 us-gaap Gain Loss On Interest Rate Derivative Instruments Not Designated As Hedging Instruments
GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-16370000 USD
CY2021Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-266000 USD
CY2020Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-20454000 USD
CY2021Q1 clnc Realized Gain Losson Foreign Currency Derivative Instruments Not Designatedas Hedging Instruments
RealizedGainLossonForeignCurrencyDerivativeInstrumentsNotDesignatedasHedgingInstruments
0 USD
CY2020Q1 clnc Realized Gain Losson Foreign Currency Derivative Instruments Not Designatedas Hedging Instruments
RealizedGainLossonForeignCurrencyDerivativeInstrumentsNotDesignatedasHedgingInstruments
8738000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
21764000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
0 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
107000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
107000 USD
CY2021Q1 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
24000 USD
CY2021Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
24000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
386000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
386000 USD
CY2020Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
37000 USD
CY2020Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
37000 USD
CY2021Q1 clnc Equity Method Investment Remaining Unfunded Commitment
EquityMethodInvestmentRemainingUnfundedCommitment
10000000.0 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y2M12D
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
768000 USD
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
804000 USD
CY2021Q1 us-gaap Lease Cost
LeaseCost
768000 USD
CY2020Q1 us-gaap Lease Cost
LeaseCost
804000 USD
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.053
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2304000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3099000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3110000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2213000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2148000 USD
CY2021Q1 clnc Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
19327000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32201000 USD
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10495000 USD
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
21706000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3071000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3099000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3110000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2213000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2148000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
19327000 USD
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
32968000 USD
CY2021Q1 clnc Number Of Resolved Investments
NumberOfResolvedInvestments
56 investment
CY2020Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10782000 USD
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22186000 USD
CY2019Q3 clnc Number Of Portfolios
NumberOfPortfolios
2 portfolio
CY2021Q1 us-gaap Equity Method Investments
EquityMethodInvestments
349400000 USD
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
366500000 USD
CY2021Q1 clnc Alternative Investments
AlternativeInvestments
6500000 USD
CY2020Q4 clnc Alternative Investments
AlternativeInvestments
6900000 USD
CY2020Q1 clnc Net Income Loss Attributableto Parent Including Allocated Amountfor Comparison
NetIncomeLossAttributabletoParentIncludingAllocatedAmountforComparison
-78772000 USD
CY2021Q1 us-gaap Revenues
Revenues
77352000 USD
CY2020Q1 us-gaap Revenues
Revenues
145748000 USD
CY2021Q1 us-gaap Noncurrent Assets
NoncurrentAssets
918014000 USD
CY2020Q4 us-gaap Noncurrent Assets
NoncurrentAssets
914957000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
-94493000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-80141000 USD
CY2021Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
-226000 USD
CY2020Q1 us-gaap Noncontrolling Interest In Net Income Loss Joint Venture Partners Nonredeemable
NoncontrollingInterestInNetIncomeLossJointVenturePartnersNonredeemable
523000 USD
CY2021Q1 clnc Noncontrolling Interestin Net Income Loss Operating Partnerships Nonredeemable Including Allocated Amountfor Comparison
NoncontrollingInterestinNetIncomeLossOperatingPartnershipsNonredeemableIncludingAllocatedAmountforComparison
-1953000 USD
CY2020Q1 clnc Noncontrolling Interestin Net Income Loss Operating Partnerships Nonredeemable Including Allocated Amountfor Comparison
NoncontrollingInterestinNetIncomeLossOperatingPartnershipsNonredeemableIncludingAllocatedAmountforComparison
-1892000 USD
CY2021Q1 clnc Net Income Loss Attributableto Parent Including Allocated Amountfor Comparison
NetIncomeLossAttributabletoParentIncludingAllocatedAmountforComparison
-92314000 USD
CY2021Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
192000 USD
CY2020Q1 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
322000 USD
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-92506000 USD
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-79094000 USD
CY2021Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
129781000 shares
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
128487000 shares
CY2021Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.71
CY2020Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.62
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
109200000 USD

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