$KREF
KKR Real Estate Finance Trust Inc.

2018 Q2 Form 10-Q Financial Statement

#000163159618000015 Filed on August 06, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $48.35M $22.23M
YoY Change 117.5% 76.99%
Cost Of Revenue $18.80M $3.230M
YoY Change 482.04% 169.17%
Gross Profit $29.55M $19.00M
YoY Change 55.53% 67.25%
Gross Profit Margin 61.12% 85.47%
Selling, General & Admin $5.600M $4.450M
YoY Change 25.84% 108.92%
% of Gross Profit 18.95% 23.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $5.599M $4.451M
YoY Change 25.79% 108.67%
Operating Profit $23.95M $14.55M
YoY Change 64.62% 57.68%
Interest Expense $18.80M $3.225M
YoY Change 482.88% 168.97%
% of Operating Profit 78.49% 22.17%
Other Income/Expense, Net $7.983M $4.780M
YoY Change 67.01% -18.18%
Pretax Income $23.95M $14.55M
YoY Change 64.6% 57.66%
Income Tax -$33.00K $146.0K
% Of Pretax Income -0.14% 1.0%
Net Earnings $23.95M $14.16M
YoY Change 69.21% 59.59%
Net Earnings / Revenue 49.54% 63.68%
Basic Earnings Per Share $0.44 $0.30
Diluted Earnings Per Share $0.44 $0.30
COMMON SHARES
Basic Shares Outstanding 53.06M shares 46.63M shares
Diluted Shares Outstanding 53.07M shares 46.63M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $40.80M $57.00M
YoY Change -28.42%
Cash & Equivalents $40.76M $57.01M
Short-Term Investments
Other Short-Term Assets $400.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $11.40M $5.300M
Other Receivables $0.00 $0.00
Total Short-Term Assets $52.20M $62.70M
YoY Change -16.75%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $22.70M $41.40M
YoY Change -45.17%
Other Assets $2.100M $2.900M
YoY Change -27.59%
Total Long-Term Assets $3.980B $6.568B
YoY Change -39.41%
TOTAL ASSETS
Total Short-Term Assets $52.20M $62.70M
Total Long-Term Assets $3.980B $6.568B
Total Assets $4.032B $6.630B
YoY Change -39.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.300M $3.500M
YoY Change -5.71%
Accrued Expenses $1.099B $5.356B
YoY Change -79.48%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.131B $5.377B
YoY Change -78.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.848B $177.2M
YoY Change 943.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $1.848B $177.2M
YoY Change 943.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.131B $5.377B
Total Long-Term Liabilities $1.848B $177.2M
Total Liabilities $2.979B $5.554B
YoY Change -46.35%
SHAREHOLDERS EQUITY
Retained Earnings $9.009M $11.64M
YoY Change -22.63%
Common Stock $530.0K $537.0K
YoY Change -1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $13.97M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.051B $1.065B
YoY Change
Total Liabilities & Shareholders Equity $4.032B $6.630B
YoY Change -39.19%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $23.95M $14.16M
YoY Change 69.21% 59.59%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $16.00M $14.90M
YoY Change 7.38% 132.81%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$460.6M -$123.3M
YoY Change 273.56% 113.32%
Cash From Investing Activities -$460.6M -$123.3M
YoY Change 273.56% 113.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 462.3M 12.10M
YoY Change 3720.66% -86.66%
NET CHANGE
Cash From Operating Activities 16.00M 14.90M
Cash From Investing Activities -460.6M -123.3M
Cash From Financing Activities 462.3M 12.10M
Net Change In Cash 17.70M -96.30M
YoY Change -118.38% -345.04%
FREE CASH FLOW
Cash From Operating Activities $16.00M $14.90M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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kref Noncash Paidin Kind Interest Revenue
NoncashPaidinKindInterestRevenue
644000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
1939000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
-2566000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
13000000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
1337000 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
332000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
895000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2155000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2292000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
872000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2107000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-393000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1788000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
24000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
4000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2293000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-260000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34066000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
22625000 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
112747000 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
0 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
0 USD
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
60991000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
54060000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1685000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1002490000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
416631000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8000000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
23600000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
761000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
19588000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-842922000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-357967000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
807939000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
198000000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
139438000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41094000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
17287000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
581256000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
125000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
460432000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6066000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1611000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
140000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
11000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13456000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2549000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
746098000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
296909000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-62758000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-38433000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103520000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
96346000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40762000 USD
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
57913000 USD
us-gaap Interest Paid
InterestPaid
23000000 USD
us-gaap Interest Paid
InterestPaid
6325000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
674000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
67000 USD
us-gaap Dividends
Dividends
23025000 USD
us-gaap Dividends
Dividends
13428000 USD
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 </span><span style="font-family:inherit;font-size:10pt;">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.
CY2018Q2 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
14900000 USD
CY2017Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
12100000 USD
CY2018Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2100000 USD
CY2017Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2100000 USD
CY2017Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
1888510000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1002490000 USD
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
49503000 USD
kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-3205000 USD
CY2018Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
2844702000 USD
CY2018Q2 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
64500000 USD
CY2017Q4 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
63000000.0 USD
CY2018Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5100000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4500000 USD
CY2018Q2 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.306
CY2017Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.329
CY2018Q2 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.265
CY2017Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.273
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
579718000 USD
CY2018Q2 kref Longterm Debt Recourse Limit Percent
LongtermDebtRecourseLimitPercent
0.250
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
636374000 USD
CY2018Q2 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
20.00
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
463452000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
69394000 USD
CY2018Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
989415000 USD
CY2018Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2738353000 USD
kref Debt Instrument Covenant Interest Incometo Interest Expense Ratio
DebtInstrumentCovenantInterestIncometoInterestExpenseRatio
1.5
kref Debt Instrument Covenant Consolidated Tangible Net Worth Minimum Percentageof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthMinimumPercentageofAggregateCashProceedsMadeandCapitalContributionsReceived
0.750
kref Debt Instrument Covenant Cash Liquidity Amount
DebtInstrumentCovenantCashLiquidityAmount
10000000.0 USD
kref Debt Instrument Covenant Cash Liquidity Percentof Recourse Indebtedness
DebtInstrumentCovenantCashLiquidityPercentofRecourseIndebtedness
0.050
kref Debt Instrument Covenant Total Indebtedness Percentof Total Assets
DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets
0.750
kref Debt Instrument Covenant Debtto Equity Ratio Minimum
DebtInstrumentCovenantDebttoEquityRatioMinimum
3.5
kref Debt Instrument Covenant Fixed Charge Coverage Ratio Minimum
DebtInstrumentCovenantFixedChargeCoverageRatioMinimum
1.5
kref Number Of Equity Method Investments
NumberOfEquityMethodInvestments
2 investment
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
CY2017Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2016Q1 kref Common Stock Value Per Limited Liability Company Interest Allocation
CommonStockValuePerLimitedLiabilityCompanyInterestAllocation
100000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2017Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
687809 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.54
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
13400000 USD
CY2018Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
49500000 USD
CY2018Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
53031890 shares
CY2018Q2 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
714207 shares
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
21230000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2018Q2 us-gaap Dividends Common Stock
DividendsCommonStock
22804000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
44034000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23483000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
14081000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46763000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24445000 USD
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53064585 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46632975 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53200495 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
36810769 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
5281 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
273 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
22918 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
273 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53069866 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46633248 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53223413 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36811042 shares
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.66
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.66
CY2018Q2 us-gaap Share Price
SharePrice
20.47
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1
P2Y
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
400000 USD
CY2018Q2 kref Accrued Incentive Fees
AccruedIncentiveFees
0 USD
CY2018Q2 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
5549000 USD
CY2017Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4442000 USD
CY2018Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4275000 USD
CY2017Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
3706000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8582000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
6089000 USD
CY2018Q2 us-gaap Secured Debt
SecuredDebt
1629856000 USD
CY2018Q2 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
19000000.0 USD
CY2018Q2 kref Secured Financing Agreements Net
SecuredFinancingAgreementsNet
10100000 USD
CY2017Q4 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
13200000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4500000 USD
CY2017Q4 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
115885000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Liability Realized Gain Loss
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityRealizedGainLoss
0 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Gain Loss Includedin Earnings Net
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisGainLossIncludedinEarningsNet
13000000 USD
kref Longterm Debt Changein Fair Valueof Variable Interest Entity Liabilities
LongtermDebtChangeinFairValueofVariableInterestEntityLiabilities
-86971000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Includedin Earnings
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings
-1939000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Purchases
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityPurchases
0 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Settlements
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements
112747000 USD
kref Fair Value Assets Liabilities Measuredon Recurring Basis Other
FairValueAssetsLiabilitiesMeasuredonRecurringBasisOther
-843000 USD
CY2018Q2 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
13356000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
100000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
300000 USD
CY2018Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD

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