2017 Q1 Form 10-Q Financial Statement

#000163159617000008 Filed on June 14, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016 Q1
Revenue $17.70M $17.64M $4.250M
YoY Change 316.47% 221.31% 207.97%
Cost Of Revenue $3.950M $3.460M $1.150M
YoY Change 243.48% 529.09%
Gross Profit $13.74M $14.18M $3.100M
YoY Change 343.23% 187.63% 124.64%
Gross Profit Margin 77.63% 80.39% 72.94%
Selling, General & Admin $2.990M $2.370M
YoY Change 44.51%
% of Gross Profit 21.76% 16.71%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.988M $2.368M $1.899M
YoY Change 57.35% 44.39% 386.92%
Operating Profit $10.75M $11.81M $1.201M
YoY Change 795.25% 259.03% 21.31%
Interest Expense $3.953M $3.456M $1.150M
YoY Change 243.74%
% of Operating Profit 36.77% 29.26% 95.75%
Other Income/Expense, Net $4.790M $5.865M -$2.023M
YoY Change -336.78%
Pretax Income $10.76M $11.82M $1.197M
YoY Change 798.5% 259.15% 19.7%
Income Tax $122.0K $140.0K $71.00K
% Of Pretax Income 1.13% 1.18% 5.93%
Net Earnings $10.38M $11.41M $861.0K
YoY Change 1105.23% 277.81% 1.29%
Net Earnings / Revenue 58.63% 64.68% 20.26%
Basic Earnings Per Share $0.39
Diluted Earnings Per Share $0.39 $219.8K $16.56K
COMMON SHARES
Basic Shares Outstanding 26.88M shares
Diluted Shares Outstanding 26.88M shares

Balance Sheet

Concept 2017 Q1 2016 Q4 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $153.6M $96.20M
YoY Change
Cash & Equivalents $153.6M $96.19M
Short-Term Investments
Other Short-Term Assets $0.00 $0.00
YoY Change
Inventory
Prepaid Expenses
Receivables $4.200M $3.500M
Other Receivables $0.00 $400.0K
Total Short-Term Assets $157.8M $100.1M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $16.00K $0.00
YoY Change
Other Assets $5.800M $1.900M
YoY Change
Total Long-Term Assets $6.426B $6.165B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $157.8M $100.1M
Total Long-Term Assets $6.426B $6.165B
Total Assets $6.584B $6.265B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.600M $1.500M
YoY Change
Accrued Expenses $5.336B $5.315B
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.339B $5.318B
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $586.9M $439.1M
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $586.9M $439.1M
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $5.339B $5.318B
Total Long-Term Liabilities $586.9M $439.1M
Total Liabilities $5.926B $5.757B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $19.82M $17.91M
YoY Change
Common Stock $315.0K $242.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares
Shareholders Equity $646.9M $497.7M
YoY Change
Total Liabilities & Shareholders Equity $6.584B $6.265B
YoY Change

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016 Q1
OPERATING ACTIVITIES
Net Income $10.38M $11.41M $861.0K
YoY Change 1105.23% 277.81% 1.29%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $7.672M $6.900M $4.444M
YoY Change 72.64% 76.92%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$234.7M -$33.00M -$51.40M
YoY Change 356.61% -82.86%
Cash From Investing Activities -$234.7M -$33.00M -$51.44M
YoY Change 356.27% -82.86%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$147.7M $40.00M
YoY Change -469.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $284.8M 58.20M $35.35M
YoY Change 705.73% -56.76%
NET CHANGE
Cash From Operating Activities $7.672M 6.900M $4.444M
Cash From Investing Activities -$234.7M -33.00M -$51.44M
Cash From Financing Activities $284.8M 58.20M $35.35M
Net Change In Cash $57.78M 32.10M -$11.65M
YoY Change -595.99% -159.44%
FREE CASH FLOW
Cash From Operating Activities $7.672M $6.900M $4.444M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2017Q1 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
57778000 USD
CY2016Q1 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-11649000 USD
CY2016Q4 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
96346000 USD
CY2015Q4 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
26686000 USD
CY2017Q1 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
154124000 USD
CY2016Q1 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
15037000 USD
CY2017Q1 us-gaap Interest Paid
InterestPaid
3311000 USD
CY2016Q1 us-gaap Interest Paid
InterestPaid
767000 USD
CY2017Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
3000 USD
CY2016Q1 us-gaap Income Taxes Paid
IncomeTaxesPaid
360000 USD
CY2017Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
0 USD
CY2016Q1 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
940806000 USD
CY2017Q1 us-gaap Dividends
Dividends
13000 USD
CY2016Q1 us-gaap Dividends
Dividends
4000 USD
CY2017Q1 us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates <span style="font-family:inherit;font-size:10pt;">— The preparation of </span><span style="font-family:inherit;font-size:10pt;">condensed consolidated</span><span style="font-family:inherit;font-size:10pt;"> financial statements in conformity with </span><span style="font-family:inherit;font-size:10pt;">GAAP</span><span style="font-family:inherit;font-size:10pt;"> requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the </span><span style="font-family:inherit;font-size:10pt;">condensed consolidated</span><span style="font-family:inherit;font-size:10pt;"> financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes subjective estimates to project cash flows </span><span style="font-family:inherit;font-size:10pt;">KREF</span> expects to receive on its investments in loans and securities as well as the related market discount rates, which significantly impacts the interest income, impairments, allowance for loan loss and fair values recorded or disclosed. Actual results could differ from those estimates.
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
500000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
200000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
157000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
153624000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96189000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
500000 USD
CY2017Q1 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
154124000 USD
CY2016Q4 kref Cash Cash Equivalents Restricted Cashand Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashandRestrictedCashEquivalents
96346000 USD
CY2017Q1 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
14800000 USD
CY2016Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
11100000 USD
CY2017Q1 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
4021000 USD
CY2016Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1326000 USD
CY2017Q1 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
2556000 USD
CY2016Q4 us-gaap Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
1538000 USD
CY2017Q1 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1288000 USD
CY2016Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
448000 USD
CY2017Q1 kref Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
1805000 USD
CY2016Q4 kref Accrued Stock Issuance Costs
AccruedStockIssuanceCosts
60000 USD
CY2017Q1 us-gaap Due From Affiliates
DueFromAffiliates
13000 USD
CY2016Q4 us-gaap Due From Affiliates
DueFromAffiliates
360000 USD
CY2017Q1 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
341000 USD
CY2016Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
558000 USD
CY2017Q1 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
10000 USD
CY2016Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
30000 USD
CY2017Q1 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
116000 USD
CY2016Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
141000 USD
CY2017Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
0 USD
CY2016Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
542000 USD
CY2017Q1 us-gaap Deferred Revenue
DeferredRevenue
87000 USD
CY2016Q4 us-gaap Deferred Revenue
DeferredRevenue
0 USD
CY2017Q1 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
0 USD
CY2016Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
22000 USD
CY2017Q1 us-gaap Other Assets
OtherAssets
5332000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
2728000 USD
CY2017Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
4905000 USD
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
2297000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
234719000 USD
CY2017Q1 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-533000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
936078000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
945428000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
936078000 USD
CY2017Q1 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
19 loan
CY2017Q1 kref Mortgage Loanson Real Estate Floating Rate Percentageof Loans
MortgageLoansonRealEstateFloatingRatePercentageofLoans
0.972
CY2017Q1 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.058
CY2017Q1 kref Mortgage Loanson Real Estate Yield
MortgageLoansonRealEstateYield
0.059
CY2017Q1 kref Mortgage Loanson Real Estate Weighted Average Life
MortgageLoansonRealEstateWeightedAverageLife
P4Y1M6D
CY2016Q4 us-gaap Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
707800000 USD
CY2016Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
700826000 USD
CY2016 us-gaap Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
16 loan
CY2016 kref Mortgage Loanson Real Estate Floating Rate Percentageof Loans
MortgageLoansonRealEstateFloatingRatePercentageofLoans
0.963
CY2016 us-gaap Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
0.050
CY2016 kref Mortgage Loanson Real Estate Yield
MortgageLoansonRealEstateYield
0.071
CY2016 kref Mortgage Loanson Real Estate Weighted Average Life
MortgageLoansonRealEstateWeightedAverageLife
P4Y0M0D
CY2016Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
700826000 USD
CY2017Q1 kref Heldtomaturity Securities Outstanding Face Amount
HeldtomaturitySecuritiesOutstandingFaceAmount
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 USD
CY2017Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2017Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
36764000 USD
CY2016Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
36445000 USD
CY2017Q1 kref Heldtomaturity Securities Outstanding Face Amount
HeldtomaturitySecuritiesOutstandingFaceAmount
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Amortized Cost Before Other Than Temporary Impairment
HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0 USD
CY2017Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
0 USD
CY2017Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
36764000 USD
CY2017Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
36764000 USD
CY2016Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
36445000 USD
CY2017Q1 kref Heldtomaturity Securities Rateof Return
HeldtomaturitySecuritiesRateofReturn
0.035
CY2017Q1 kref Heldtomaturity Securities Libor Floor
HeldtomaturitySecuritiesLIBORFloor
0.010
CY2017Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5626021000 USD
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
5919944000 USD
CY2017Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1500000000 USD
CY2017Q1 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.043
CY2017Q1 us-gaap Debt Instrument Term
DebtInstrumentTerm
P7Y3M18D
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
5752718000 USD
CY2017Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5600000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6400000 USD
CY2017Q1 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.314
CY2016Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.288
CY2017Q1 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.257
CY2016Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.259
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
104333000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
137510000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
374275000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
572101000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
75545000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4362257000 USD
CY2017Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
5626021000 USD
CY2017Q1 kref Longterm Debt Recourse Limit Percent
LongtermDebtRecourseLimitPercent
0.250
CY2017Q1 kref Debt Instrument Covenant Interest Incometo Interest Expense Ratio
DebtInstrumentCovenantInterestIncometoInterestExpenseRatio
1.5
CY2017Q1 kref Debt Instrument Covenant Consolidated Tangible Net Worth Minimum Percentageof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthMinimumPercentageofAggregateCashProceedsMadeandCapitalContributionsReceived
0.750
CY2017Q1 kref Debt Instrument Covenant Cash Liquidity Amount
DebtInstrumentCovenantCashLiquidityAmount
10000000.0 USD
CY2017Q1 kref Debt Instrument Covenant Cash Liquidity Percentof Recourse Indebtedness
DebtInstrumentCovenantCashLiquidityPercentofRecourseIndebtedness
0.100
CY2017Q1 kref Debt Instrument Covenant Total Indebtedness Percentof Total Assets
DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets
0.750
CY2017Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Assets
VariableInterestEntityConsolidatedCarryingAmountAssets
5400000000 USD
CY2017Q1 us-gaap Variable Interest Entity Consolidated Carrying Amount Liabilities
VariableInterestEntityConsolidatedCarryingAmountLiabilities
5300000000 USD
CY2017Q1 kref Variable Interest Entity Changein Net Assets
VariableInterestEntityChangeinNetAssets
-4600000 USD
CY2014Q4 kref Common Stockand Preferred Stock Shares Authorized
CommonStockandPreferredStockSharesAuthorized
350000000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q1 kref Common Stock Value Per Limited Liability Company Interest Allocation
CommonStockValuePerLimitedLiabilityCompanyInterestAllocation
100000000.0 USD
CY2017Q1 kref Saleof Stock Uncalled Capital Commitments
SaleofStockUncalledCapitalCommitments
207600000 USD
CY2017Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.35
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
8455000 USD
CY2017Q1 us-gaap Dividends Common Stock
DividendsCommonStock
8455000 USD
CY2017Q1 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
262000 USD
CY2016Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
1728000 USD
CY2017Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
2383000 USD
CY2016Q1 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
1574000 USD
CY2017Q1 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
11400000 USD
CY2017Q1 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5600000 USD
CY2016Q4 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
9200000 USD
CY2016Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
6400000 USD
CY2016Q4 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
112510000 USD
CY2017Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Includedin Earnings
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings
1498000 USD
CY2017Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Purchases
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityPurchases
0 USD
CY2017Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Settlements
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements
0 USD
CY2017Q1 kref Fair Value Assets Liabilities Measuredon Recurring Basis Other
FairValueAssetsLiabilitiesMeasuredonRecurringBasisOther
9000 USD
CY2017Q1 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
114017000 USD
CY2017Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2016Q1 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
CY2017Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD

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a201703-exhibit311.htm Edgar Link pending
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