$KREF
KKR Real Estate Finance Trust Inc.

2020 Q3 Form 10-Q Financial Statement

#000163159620000032 Filed on October 26, 2020

View on sec.gov

Income Statement

Concept 2020 Q3 2019 Q3
Revenue $68.76M $76.51M
YoY Change -10.13% 43.01%
Cost Of Revenue $28.83M $45.60M
YoY Change -36.78% 95.37%
Gross Profit $39.93M $30.92M
YoY Change 29.14% 2.52%
Gross Profit Margin 58.07% 40.41%
Selling, General & Admin $6.970M $6.030M
YoY Change 15.59% -33.74%
% of Gross Profit 17.46% 19.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $8.780M $6.984M
YoY Change 25.72% -23.28%
Operating Profit $31.15M $23.94M
YoY Change 30.14% 13.67%
Interest Expense $28.83M $45.60M
YoY Change -36.77% 95.38%
% of Operating Profit 92.56% 190.49%
Other Income/Expense, Net $1.075M $2.289M
YoY Change -53.04% 42.88%
Pretax Income $31.28M $23.93M
YoY Change 30.71% 13.65%
Income Tax $96.00K $77.00K
% Of Pretax Income 0.31% 0.32%
Net Earnings $31.19M $23.86M
YoY Change 30.73% 13.75%
Net Earnings / Revenue 45.35% 31.18%
Basic Earnings Per Share $0.56 $0.41
Diluted Earnings Per Share $0.56 $0.41
COMMON SHARES
Basic Shares Outstanding 55.49M shares 57.42M shares
Diluted Shares Outstanding 55.63M shares 57.55M shares

Balance Sheet

Concept 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $301.4M $74.50M
YoY Change 304.56% -61.36%
Cash & Equivalents $301.4M $74.52M
Short-Term Investments
Other Short-Term Assets $700.0K
YoY Change
Inventory
Prepaid Expenses
Receivables $15.60M $17.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $317.7M $92.40M
YoY Change 243.83% -54.97%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $33.50M $37.20M
YoY Change -9.95% 50.61%
Other Assets $2.700M $2.600M
YoY Change 3.85% 8.33%
Total Long-Term Assets $4.914B $5.119B
YoY Change -4.0% 16.16%
TOTAL ASSETS
Total Short-Term Assets $317.7M $92.40M
Total Long-Term Assets $4.914B $5.119B
Total Assets $5.232B $5.211B
YoY Change 0.39% 13.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.900M $3.200M
YoY Change -40.63% 45.45%
Accrued Expenses $10.80M $9.400M
YoY Change 14.89% -99.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $42.00M $42.30M
YoY Change -0.71% -96.25%
LONG-TERM LIABILITIES
Long-Term Debt $4.149B $4.045B
YoY Change 2.57% 73.11%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.149B $4.045B
YoY Change 2.57% 73.11%
TOTAL LIABILITIES
Total Short-Term Liabilities $42.00M $42.30M
Total Long-Term Liabilities $4.149B $4.045B
Total Liabilities $4.191B $4.087B
YoY Change 2.53% 17.95%
SHAREHOLDERS EQUITY
Retained Earnings -$70.56M -$8.663M
YoY Change 714.49% -250.32%
Common Stock $555.0K $574.0K
YoY Change -3.31% -1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost) $61.00M $35.96M
YoY Change 69.64% 154.03%
Treasury Stock Shares
Shareholders Equity $1.039B $1.122B
YoY Change
Total Liabilities & Shareholders Equity $5.232B $5.211B
YoY Change 0.39% 13.0%

Cashflow Statement

Concept 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $31.19M $23.86M
YoY Change 30.73% 13.75%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $38.40M $28.00M
YoY Change 37.14% 20.17%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $181.9M -$255.0M
YoY Change -171.33% -40.59%
Cash From Investing Activities $181.9M -$255.0M
YoY Change -171.33% -40.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -46.20M 118.7M
YoY Change -138.92% -78.72%
NET CHANGE
Cash From Operating Activities 38.40M 28.00M
Cash From Investing Activities 181.9M -255.0M
Cash From Financing Activities -46.20M 118.7M
Net Change In Cash 174.1M -108.3M
YoY Change -260.76% -171.3%
FREE CASH FLOW
Cash From Operating Activities $38.40M $28.00M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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ProfitLoss
65452000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
16720000 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
12475000 USD
kref Accretion Of Deferred Loan Costs And Discounts
AccretionOfDeferredLoanCostsAndDiscounts
12115000 USD
kref Accretion Of Deferred Loan Costs And Discounts
AccretionOfDeferredLoanCostsAndDiscounts
14655000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
-2360000 USD
us-gaap Paid In Kind Interest
PaidInKindInterest
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-2759000 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
-3255000 USD
kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
989000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
53782000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4371000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
3075000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-739000 USD
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1563000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1210000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-233000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
900000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1931000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1546000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-456000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
251000 USD
us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-17000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
91418000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
68245000 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
9784000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
466283000 USD
us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1169515000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
462142000 USD
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
2250958000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
6245000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
4141000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1077904000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
970580000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
2745759000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
292500000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72590000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
74261000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
546000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
499000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1016543000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1660814000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8689000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6911000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
157000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1138000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
25061000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
4106000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1297000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
385000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
138197000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
997645000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
233756000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12014000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
67619000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
86531000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
301375000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74517000 USD
us-gaap Interest Paid Net
InterestPaidNet
78717000 USD
us-gaap Interest Paid Net
InterestPaidNet
106000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
50000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
364000 USD
us-gaap Payments For Loans
PaymentsForLoans
42000000 USD
us-gaap Payments For Loans
PaymentsForLoans
0 USD
us-gaap Dividends
Dividends
24138000 USD
us-gaap Dividends
Dividends
24972000 USD
kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
0 USD
kref Participating Mortgage Loans Sold Additional Funding
ParticipatingMortgageLoansSoldAdditionalFunding
-86678000 USD
kref Repayment Of Commercial Loans Held For Investment
RepaymentOfCommercialLoansHeldForInvestment
0 USD
kref Repayment Of Commercial Loans Held For Investment
RepaymentOfCommercialLoansHeldForInvestment
86678000 USD
kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
0 USD
kref Participating Mortgage Loans Sold Net
ParticipatingMortgageLoansSoldNet
65798000 USD
kref Funding Of Commercial Loans Held For Investment
FundingOfCommercialLoansHeldForInvestment
0 USD
kref Funding Of Commercial Loans Held For Investment
FundingOfCommercialLoansHeldForInvestment
-65798000 USD
kref Deconsolidation Of Variable Interest Entities
DeconsolidationOfVariableInterestEntities
0 USD
kref Deconsolidation Of Variable Interest Entities
DeconsolidationOfVariableInterestEntities
1047346000 USD
us-gaap Use Of Estimates
UseOfEstimates
<span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">Use of Estimates </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">— The preparation of condensed consolidated financial statements in conformity with GAAP 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 condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Management makes subjective estimates to project cash flows KREF 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. The effects of COVID-19 may negatively and materially impact significant estimates and assumptions used by the Company including, but not limited to estimates of expected credit losses, valuation of our equity method investments and the fair value estimates of the Company’s assets and liabilities</span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%;">. </span><span style="background-color:rgb(255,255,255, 0.0);color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;">Actual results could materially differ from those estimates.</span>
CY2020Q3 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
30600000 USD
CY2019Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
33400000 USD
CY2020Q1 us-gaap Notes Receivable Gross
NotesReceivableGross
4931042000 USD
CY2020Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2020Q1 us-gaap Notes Receivable Net
NotesReceivableNet
4931042000 USD
CY2020Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
3363000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8594000 USD
CY2020Q3 us-gaap Settlement Assets Current
SettlementAssetsCurrent
42000000.0 USD
CY2020Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
700000 USD
CY2020Q3 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
3200000 USD
CY2020Q3 us-gaap Deposits
Deposits
500000 USD
CY2019Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2700000 USD
CY2019Q4 us-gaap Deposits
Deposits
700000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q3 kref Prepayment Penalties
PrepaymentPenalties
0.0 USD
CY2020Q3 us-gaap Settlement Assets Current
SettlementAssetsCurrent
42000000.0 USD
CY2020Q3 kref Net Accelerated Fees
NetAcceleratedFees
400000 USD
kref Net Accelerated Fees
NetAcceleratedFees
100000 USD
CY2019Q3 kref Net Accelerated Fees
NetAcceleratedFees
300000 USD
kref Prepayment Penalties
PrepaymentPenalties
200000 USD
kref Net Accelerated Fees
NetAcceleratedFees
3100000 USD
CY2020Q3 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
3.1
CY2019Q4 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
2.9
CY2019Q4 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
2.9
CY2020Q1 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
3.0
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4600000 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
9500000 USD
CY2020Q3 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.341
CY2019Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.274
CY2020Q3 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.326
CY2019Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.257
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
142545000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
798357000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1300642000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
388883000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
222326000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2852753000 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
CY2020Q3 kref Debt Instrument Covenant Senior Recourse Debt Percent Of Total Assets
DebtInstrumentCovenantSeniorRecourseDebtPercentOfTotalAssets
0.80
CY2020Q3 kref Debt Instrument Covenant Recourse Debt Percent Of Total Assets
DebtInstrumentCovenantRecourseDebtPercentOfTotalAssets
0.82
CY2018Q4 kref Collateralized Loan Obligations Reinvestment Feature Term
CollateralizedLoanObligationsReinvestmentFeatureTerm
P2Y
CY2020Q3 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.192
CY2019Q4 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.202
CY2019Q4 kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
CY2020Q3 kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
kref Number Of Equity Method Investments
NumberOfEquityMethodInvestments
2 investments
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
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
55491405 shares
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
55491405 shares
CY2020Q3 kref Treasury Stock Accumulated Shares Acquired
TreasuryStockAccumulatedSharesAcquired
3900326 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
2037637 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.27
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
25000000.0 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
24010000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
23861000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
23861000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
71732000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
24761000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
24688000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
24692000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
74141000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
31351000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
23617000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
24777000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
65703000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
55491405 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57420140 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
56107765 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
57406802 shares
CY2020Q3 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
140765 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
128926 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
79696 shares
us-gaap Incremental Common Shares Attributable To Accelerated Share Repurchase Agreements
IncrementalCommonSharesAttributableToAcceleratedShareRepurchaseAgreements
104490 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
55632170 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57549066 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56187461 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
57511292 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.41
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.14
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.14
CY2020Q3 kref Sharebased Compensation Arrangementby Sharebased Payment Award Issuance Ratio
SharebasedCompensationArrangementbySharebasedPaymentAwardIssuanceRatio
1
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y9M18D
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
300000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
18052 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
362832 shares
CY2020Q3 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
5127000 USD
CY2019Q4 us-gaap Due To Affiliate Current And Noncurrent
DueToAffiliateCurrentAndNoncurrent
5917000 USD
CY2020Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
5694000 USD
CY2019Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4555000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
17751000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
16013000 USD
CY2020Q3 us-gaap Mortgage Loans On Real Estate Writedown Or Reserve Amount1
MortgageLoansOnRealEstateWritedownOrReserveAmount1
20800000 USD
CY2019Q4 kref Mortgage Loanson Real Estate Unamortized Discountsand Deferred Fees
MortgageLoansonRealEstateUnamortizedDiscountsandDeferredFees
29700000 USD
CY2020Q3 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
801392000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 USD
CY2019Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD
CY2020Q3 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 USD

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