$KREF
KKR Real Estate Finance Trust Inc.

2019 Q2 Form 10-Q Financial Statement

#000163159619000014 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $62.93M $48.35M
YoY Change 30.16% 117.5%
Cost Of Revenue $37.09M $18.80M
YoY Change 97.29% 482.04%
Gross Profit $25.84M $29.55M
YoY Change -12.55% 55.53%
Gross Profit Margin 41.06% 61.12%
Selling, General & Admin $7.320M $5.600M
YoY Change 30.71% 25.84%
% of Gross Profit 28.33% 18.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.214M $5.599M
YoY Change 46.7% 25.79%
Operating Profit $17.63M $23.95M
YoY Change -26.41% 64.62%
Interest Expense $37.09M $18.80M
YoY Change 97.3% 482.88%
% of Operating Profit 210.42% 78.49%
Other Income/Expense, Net -$12.00K $7.983M
YoY Change -100.15% 67.01%
Pretax Income $17.63M $23.95M
YoY Change -26.39% 64.6%
Income Tax $280.0K -$33.00K
% Of Pretax Income 1.59% -0.14%
Net Earnings $17.35M $23.95M
YoY Change -27.57% 69.21%
Net Earnings / Revenue 27.57% 49.54%
Basic Earnings Per Share $0.30 $0.44
Diluted Earnings Per Share $0.30 $0.44
COMMON SHARES
Basic Shares Outstanding 57.41M shares 53.06M shares
Diluted Shares Outstanding 57.51M shares 53.07M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $182.7M $40.80M
YoY Change 347.79% -28.42%
Cash & Equivalents $182.7M $40.76M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $16.30M $11.40M
Other Receivables $0.00 $0.00
Total Short-Term Assets $199.0M $52.20M
YoY Change 281.23% -16.75%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $37.10M $22.70M
YoY Change 63.44% -45.17%
Other Assets $2.700M $2.100M
YoY Change 28.57% -27.59%
Total Long-Term Assets $5.986B $3.980B
YoY Change 50.42% -39.41%
TOTAL ASSETS
Total Short-Term Assets $199.0M $52.20M
Total Long-Term Assets $5.986B $3.980B
Total Assets $6.185B $4.032B
YoY Change 53.41% -39.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.800M $3.300M
YoY Change 15.15% -5.71%
Accrued Expenses $1.130B $1.099B
YoY Change 2.81% -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 $1.163B $1.131B
YoY Change 2.86% -78.96%
LONG-TERM LIABILITIES
Long-Term Debt $3.897B $1.848B
YoY Change 110.85% 943.12%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.897B $1.848B
YoY Change 110.85% 943.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.163B $1.131B
Total Long-Term Liabilities $3.897B $1.848B
Total Liabilities $5.061B $2.979B
YoY Change 69.87% -46.35%
SHAREHOLDERS EQUITY
Retained Earnings -$7.588M $9.009M
YoY Change -184.23% -22.63%
Common Stock $574.0K $530.0K
YoY Change 8.3% -1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $35.96M $13.97M
YoY Change 157.38%
Treasury Stock Shares
Shareholders Equity $1.122B $1.051B
YoY Change
Total Liabilities & Shareholders Equity $6.185B $4.032B
YoY Change 53.41% -39.19%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $17.35M $23.95M
YoY Change -27.57% 69.21%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $14.60M $16.00M
YoY Change -8.75% 7.38%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$1.059B -$460.6M
YoY Change 130.0% 273.56%
Cash From Investing Activities -$1.059B -$460.6M
YoY Change 130.0% 273.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 999.1M 462.3M
YoY Change 116.12% 3720.66%
NET CHANGE
Cash From Operating Activities 14.60M 16.00M
Cash From Investing Activities -1.059B -460.6M
Cash From Financing Activities 999.1M 462.3M
Net Change In Cash -45.70M 17.70M
YoY Change -358.19% -118.38%
FREE CASH FLOW
Cash From Operating Activities $14.60M $16.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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us-gaap Profit Loss
ProfitLoss
41597000 USD
us-gaap Profit Loss
ProfitLoss
47407000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
8496000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
2442000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-10545000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-3177000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
2330000 USD
kref Variable Interest Entities Changein Noncash Assets
VariableInterestEntitiesChangeinNoncashAssets
1939000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
587000 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
1337000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2034000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
895000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
127000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
2155000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1135000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
872000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
6000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-393000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-199000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
24000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-1689000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2293000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
40181000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34066000 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 Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
112747000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
968118000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
54060000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1784773000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1002490000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6245000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
8000000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
761000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-822900000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-842922000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
2299598000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
807939000 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
0 USD
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
139438000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
49574000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
41094000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
384000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
140000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1359260000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
137370000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6168000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6066000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
801000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3153000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4106000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13456000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
385000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
878920000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
746098000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
96201000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-62758000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86531000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
103520000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
182732000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
40762000 USD
us-gaap Interest Paid Net
InterestPaidNet
67459000 USD
us-gaap Interest Paid Net
InterestPaidNet
23000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
336000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
674000 USD
kref Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
7927000 USD
kref Loan Principal Payments Held By Servicer
LoanPrincipalPaymentsHeldByServicer
0 USD
us-gaap Dividends
Dividends
24915000 USD
us-gaap Dividends
Dividends
23025000 USD
kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
-65798000 USD
kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
0 USD
kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
65798000 USD
kref Fundingof Commercial Loans Heldfor Investment
FundingofCommercialLoansHeldforInvestment
0 USD
kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
-86678000 USD
kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
0 USD
kref Repaymentof Commercial Loans Heldfor Investment
RepaymentofCommercialLoansHeldforInvestment
86678000 USD
kref Repaymentof Commercial Loans Heldfor Investment
RepaymentofCommercialLoansHeldforInvestment
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates </span><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><span style="font-family:inherit;font-size:10pt;"> 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.</span></div>
CY2019Q2 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
26100000 USD
CY2018Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
15200000 USD
CY2019Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2700000 USD
CY2018Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1400000 USD
CY2019Q2 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3300000 USD
CY2019Q2 us-gaap Deposits
Deposits
500000 USD
CY2018Q4 kref Accrued Share Buybacks
AccruedShareBuybacks
2000000.0 USD
CY2018Q4 kref Accrued Share Buybacks Deferred Financingand Offering Costs
AccruedShareBuybacksDeferredFinancingandOfferingCosts
1000000.0 USD
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4001820000 USD
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1850571000 USD
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1062723000 USD
kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-10545000 USD
CY2019Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
4800213000 USD
CY2019Q2 kref Prepayment Penalties
PrepaymentPenalties
0.0 USD
CY2019Q2 kref Net Accelerated Fees
NetAcceleratedFees
500000 USD
kref Prepayment Penalties
PrepaymentPenalties
200000 USD
kref Net Accelerated Fees
NetAcceleratedFees
2800000 USD
CY2019Q2 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
142800000 USD
CY2018Q4 kref Mortgage Loanson Real Estate Total Exposure
MortgageLoansonRealEstateTotalExposure
67200000 USD
CY2019Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8300000 USD
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9200000 USD
CY2019Q2 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.284
CY2018Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.258
CY2019Q2 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.261
CY2018Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.234
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
315300000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
669856000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
674777000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
939261000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
80325000 USD
CY2019Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
226494000 USD
CY2019Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2906013000 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 Consolidated Tangible Net Worth Amountof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountofAggregateCashProceedsMadeandCapitalContributionsReceived
880200000 USD
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 Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.198
CY2018 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.248
kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
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
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
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
57413069 shares
CY2019Q2 kref Treasury Stock Accumulated Shares Acquired
TreasuryStockAccumulatedSharesAcquired
1862689 shares
CY2018Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57412522 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53064585 shares
CY2019Q2 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
212809 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
19.25
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
4100000 USD
CY2019Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2019-03-19
CY2019Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2019-03-29
CY2019Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2019-04-12
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
24761000 USD
CY2019Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2019-06-14
CY2019Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2019-06-28
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
24688000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
49449000 USD
CY2018Q1 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2018-03-12
CY2018Q1 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-03-29
CY2018Q2 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-04-13
CY2018Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2018Q1 us-gaap Dividends Common Stock
DividendsCommonStock
21230000 USD
CY2018Q2 us-gaap Dividends Payable Date Declared Day Month And Year
DividendsPayableDateDeclaredDayMonthAndYear
2018-05-07
CY2018Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2018-06-29
CY2018Q3 us-gaap Dividend Payable Date To Be Paid Day Month And Year
DividendPayableDateToBePaidDayMonthAndYear
2018-07-13
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
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17381000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23483000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
42086000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46763000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57400023 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53200495 shares
CY2019Q2 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
94697 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
5281 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
92273 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
22918 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57507219 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53069866 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57492296 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53223413 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.30
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.88
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y1M6D
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
400000 USD
CY2019Q2 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4718000 USD
CY2018Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
4712000 USD
CY2019Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
5853000 USD
CY2018Q2 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4275000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
11458000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
8582000 USD
CY2019Q2 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
28000000.0 USD
CY2018Q4 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
24900000 USD
CY2018Q4 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
12731000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Gain Loss Includedin Earnings
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityGainLossIncludedinEarnings
-2330000 USD
kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Settlements
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilitySettlements
0 USD
kref Fair Value Assets Liabilities Measuredon Recurring Basis Other
FairValueAssetsLiabilitiesMeasuredonRecurringBasisOther
0 USD
CY2019Q2 kref Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Asset Liability Value
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisAssetLiabilityValue
10401000 USD
CY2019Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
1936903000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 USD
CY2019Q2 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2019Q2 us-gaap Dividends Payable Date Of Record Day Month And Year
DividendsPayableDateOfRecordDayMonthAndYear
2019-06-28

Files In Submission

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0001631596-19-000014-index-headers.html Edgar Link pending
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0001631596-19-000014.txt Edgar Link pending
0001631596-19-000014-xbrl.zip Edgar Link pending
a201906-exhibit311.htm Edgar Link pending
a201906-exhibit312.htm Edgar Link pending
a201906-exhibit313.htm Edgar Link pending
a201906-exhibit321.htm Edgar Link pending
a201906-exhibit322.htm Edgar Link pending
a201906-exhibit323.htm Edgar Link pending
a201906-kref10q.htm Edgar Link pending
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