$KREF
KKR Real Estate Finance Trust Inc.

2018 Q3 Form 10-Q Financial Statement

#000163159618000019 Filed on November 05, 2018

View on sec.gov

Income Statement

Concept 2018 Q3 2017 Q3
Revenue $53.50M $28.73M
YoY Change 86.22% 102.61%
Cost Of Revenue $23.34M $5.410M
YoY Change 331.42% 231.9%
Gross Profit $30.16M $23.31M
YoY Change 29.39% 85.74%
Gross Profit Margin 56.37% 81.13%
Selling, General & Admin $9.100M $5.330M
YoY Change 70.73% 145.62%
% of Gross Profit 30.17% 22.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $9.103M $5.328M
YoY Change 70.85% 145.64%
Operating Profit $21.06M $17.98M
YoY Change 17.1% 73.22%
Interest Expense $23.34M $5.414M
YoY Change 331.05% 232.76%
% of Operating Profit 110.83% 30.11%
Other Income/Expense, Net $1.602M $4.317M
YoY Change -62.89% -31.3%
Pretax Income $21.06M $17.98M
YoY Change 17.09% 73.18%
Income Tax $85.00K $120.0K
% Of Pretax Income 0.4% 0.67%
Net Earnings $20.97M $17.43M
YoY Change 20.31% 74.04%
Net Earnings / Revenue 39.2% 60.68%
Basic Earnings Per Share $0.37 $0.32
Diluted Earnings Per Share $0.37 $0.32
COMMON SHARES
Basic Shares Outstanding 55.90M shares 53.70M shares
Diluted Shares Outstanding 55.92M shares 53.70M shares

Balance Sheet

Concept 2018 Q3 2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $192.8M $90.00M
YoY Change 114.22% 40.19%
Cash & Equivalents $192.8M $89.98M
Short-Term Investments
Other Short-Term Assets $400.0K
YoY Change 300.0%
Inventory
Prepaid Expenses
Receivables $12.40M $6.900M
Other Receivables $0.00 $0.00
Total Short-Term Assets $205.2M $97.30M
YoY Change 110.89% 46.98%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $24.70M $8.300M
YoY Change 197.59% -77.01%
Other Assets $2.400M $2.400M
YoY Change 0.0% 200.0%
Total Long-Term Assets $4.407B $7.067B
YoY Change -37.64% 11.37%
TOTAL ASSETS
Total Short-Term Assets $205.2M $97.30M
Total Long-Term Assets $4.407B $7.067B
Total Assets $4.612B $7.164B
YoY Change -35.62% 11.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.200M $700.0K
YoY Change 214.29% -66.67%
Accrued Expenses $1.093B $5.317B
YoY Change -79.44% -3.89%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.128B $5.342B
YoY Change -78.88% -3.51%
LONG-TERM LIABILITIES
Long-Term Debt $2.337B $756.0M
YoY Change 209.09% 103.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.337B $756.0M
YoY Change 209.09% 103.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.128B $5.342B
Total Long-Term Liabilities $2.337B $756.0M
Total Liabilities $3.465B $6.098B
YoY Change -43.17% 3.01%
SHAREHOLDERS EQUITY
Retained Earnings $5.763M $9.110M
YoY Change -36.74%
Common Stock $580.0K $537.0K
YoY Change 8.01%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.16M $523.0K
YoY Change 2606.5%
Treasury Stock Shares
Shareholders Equity $1.146B $1.062B
YoY Change
Total Liabilities & Shareholders Equity $4.612B $7.164B
YoY Change -35.62% 11.74%

Cashflow Statement

Concept 2018 Q3 2017 Q3
OPERATING ACTIVITIES
Net Income $20.97M $17.43M
YoY Change 20.31% 74.04%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $23.30M -$66.50M
YoY Change -135.04% -963.64%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$429.2M -$453.5M
YoY Change -5.36% 44.33%
Cash From Investing Activities -$429.2M -$453.5M
YoY Change -5.36% 44.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 557.8M 552.7M
YoY Change 0.92% 74.74%
NET CHANGE
Cash From Operating Activities 23.30M -66.50M
Cash From Investing Activities -429.2M -453.5M
Cash From Financing Activities 557.8M 552.7M
Net Change In Cash 151.9M 32.70M
YoY Change 364.53% 233.67%
FREE CASH FLOW
Cash From Operating Activities $23.30M -$66.50M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1186000 USD
us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
67921000 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1146301000 USD
CY2018Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
402000 USD
us-gaap Profit Loss
ProfitLoss
68379000 USD
us-gaap Profit Loss
ProfitLoss
42900000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
4338000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
1731000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-7206000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-2301000 USD
kref Noncash Paidin Kind Interest Revenue
NoncashPaidinKindInterestRevenue
0 USD
kref Noncash Paidin Kind Interest Revenue
NoncashPaidinKindInterestRevenue
864000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
2144000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
-3453000 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
2084000 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
461000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
1190000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
227000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
63000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
2308000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
40000 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
0 USD
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
91475000 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
10000000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3130000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
3956000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
580000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2421000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
1758000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
867000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1330000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4753000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
515000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57429000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-43925000 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
kref Proceedsfrom Saleof Mortgage Loans
ProceedsfromSaleofMortgageLoans
0 USD
kref Proceedsfrom Saleof Mortgage Loans
ProceedsfromSaleofMortgageLoans
60991000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
318996000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
18568000 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0 USD
us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
37310000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1695188000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
920358000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
9770000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
27588000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
1157000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
19588000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1272058000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-811489000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1607725000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
776447000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
139438000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
99500000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
581255000 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 Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
63898000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30715000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
451026000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
460432000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9702000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
849644000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
89251000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-5770000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3051000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1137000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4898000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13640000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
523000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1303880000 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
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192771000 USD
CY2017Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
90576000 USD
us-gaap Interest Paid
InterestPaid
41161000 USD
us-gaap Interest Paid
InterestPaid
10116000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
754000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
252000 USD
us-gaap Dividends
Dividends
25235000 USD
us-gaap Dividends
Dividends
19992000 USD
kref Loan Principal Payments Heldby Servicer
LoanPrincipalPaymentsHeldbyServicer
16500000 USD
kref Loan Principal Payments Heldby Servicer
LoanPrincipalPaymentsHeldbyServicer
0 USD
kref Loan Participations Sold Net
LoanParticipationsSoldNet
1886000 USD
kref Loan Participations Sold Net
LoanParticipationsSoldNet
0 USD
kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
-1886000 USD
kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
0 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.
CY2018Q3 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
19300000 USD
CY2017Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
12100000 USD
CY2018Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
16500000 USD
CY2018Q3 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
2400000 USD
CY2017Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
4600000 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
1697074000 USD
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
330939000 USD
kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-7233000 USD
CY2018Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
3261878000 USD
CY2018Q3 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
66600000 USD
CY2017Q4 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
63000000.0 USD
CY2018Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5600000 USD
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4500000 USD
CY2018Q3 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.288
CY2017Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.329
CY2018Q3 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.256
CY2017Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.273
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2779000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
518530000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1164991000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
484634000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
71065000 USD
CY2018Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
979779000 USD
CY2018Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3221778000 USD
CY2018Q3 kref Longterm Debt Recourse Limit Percent
LongtermDebtRecourseLimitPercent
0.250
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 Consolidated Tangible Net Worth Amountof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountofAggregateCashProceedsMadeandCapitalContributionsReceived
800000000.0 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
CY2018Q2 us-gaap Share Price
SharePrice
20.47
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2018Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2018Q2 us-gaap Dividends Common Stock
DividendsCommonStock
22804000 USD
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
CY2016Q1 kref Common Stock Value Per Limited Liability Company Interest Allocation
CommonStockValuePerLimitedLiabilityCompanyInterestAllocation
100000000.0 USD
CY2017Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2017Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
50000000.0 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 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
697109 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.54
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
13600000 USD
CY2018Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
49300000 USD
CY2018Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
58022590 shares
CY2018Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
723507 shares
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
21230000 USD
CY2018Q3 us-gaap Dividends Common Stock
DividendsCommonStock
24951000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
68985000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20821000 USD
CY2017Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17339000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
67921000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
41784000 USD
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55903126 shares
CY2017Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53696967 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
54111272 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
42501356 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
18529 shares
CY2017Q3 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
74 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
21059 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
174 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55921655 shares
CY2017Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53697041 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
54132331 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
42501530 shares
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2017Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.26
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.98
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2017Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.98
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
CY2018Q3 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
7700000 USD
CY2017Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4442000 USD
CY2018Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
7487000 USD
CY2017Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4355000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
16069000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
10444000 USD
CY2018Q3 us-gaap Secured Debt
SecuredDebt
2115954000 USD
CY2018Q3 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
20300000 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
-92499000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Includedin Earnings
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings
-2144000 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
-844000 USD
CY2018Q3 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
13150000 USD
CY2018Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
200000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
400000 USD

Files In Submission

Name View Source Status
0001631596-18-000019-index-headers.html Edgar Link pending
0001631596-18-000019-index.html Edgar Link pending
0001631596-18-000019.txt Edgar Link pending
0001631596-18-000019-xbrl.zip Edgar Link pending
a201809-exhibit311.htm Edgar Link pending
a201809-exhibit312.htm Edgar Link pending
a201809-exhibit313.htm Edgar Link pending
a201809-exhibit321.htm Edgar Link pending
a201809-exhibit322.htm Edgar Link pending
a201809-exhibit323.htm Edgar Link pending
a201809-kref10q.htm Edgar Link pending
a201809-kref10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
kref-20180930.xsd Edgar Link pending
kref-20180930_cal.xml Edgar Link unprocessable
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