$KREF
KKR Real Estate Finance Trust Inc. Stock $kref

$kref Overview Financials Valuation SEC Filings Company Website

2022 Q1 Form 10-Q Financial Statement

#000163159622000024 Filed on April 25, 2022

Income Statement

Concept	2022 Q1	2021 Q1
Revenue	$79.66M	$65.92M
YoY Change	20.84%	-5.21%
Cost Of Revenue	$32.46M	$27.38M
YoY Change	18.55%	-29.94%
Gross Profit	$47.20M	$38.54M
YoY Change	22.47%	26.53%
Gross Profit Margin	59.25%	58.46%
Selling, General & Admin	$8.133M	$9.040M
YoY Change	-10.03%	9.18%
% of Gross Profit	17.23%	23.46%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$11.79M	$8.400M
YoY Change	40.35%	-13.22%
Operating Profit	$35.41M	$30.14M
YoY Change	17.49%	45.04%
Interest Expense	$32.46M	$27.38M
YoY Change	18.54%	-29.93%
% of Operating Profit	91.66%	90.85%
Other Income/Expense, Net	$6.430M	$1.156M
YoY Change	456.23%	-175.02%
Pretax Income	$35.41M	$30.14M
YoY Change	17.49%	-187.39%
Income Tax	$0.00	$48.00K
% Of Pretax Income	0.0%	0.16%
Net Earnings	$35.47M	$30.09M
YoY Change	17.87%	-187.04%
Net Earnings / Revenue	44.52%	45.65%
Basic Earnings Per Share	$0.47	$0.52
Diluted Earnings Per Share	$0.46	$0.52
COMMON SHARES
Basic Shares Outstanding	63.09M shares	55.62M shares
Diluted Shares Outstanding	69.40M shares	55.73M shares

Balance Sheet

Concept	2022 Q1	2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$173.2M	$209.3M
YoY Change	-17.26%	-43.42%
Cash & Equivalents	$173.2M	$209.3M
Short-Term Investments
Other Short-Term Assets	$700.0K	$200.0K
YoY Change	250.0%
Inventory
Prepaid Expenses
Receivables	$20.49M	$16.50M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$194.4M	$226.0M
YoY Change	-14.0%	-41.63%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$36.60M	$33.60M
YoY Change	8.91%	-2.33%
Other Assets	$6.300M	$2.300M
YoY Change	173.91%	-25.81%
Total Long-Term Assets	$6.955B	$5.047B
YoY Change	37.82%	-0.43%
TOTAL ASSETS
Total Short-Term Assets	$194.4M	$226.0M
Total Long-Term Assets	$6.955B	$5.047B
Total Assets	$7.150B	$5.273B
YoY Change	35.6%	-3.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.126M	$700.0K
YoY Change	346.57%	-87.04%
Accrued Expenses	$12.03M	$11.10M
YoY Change	8.36%	0.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$53.23M	$41.00M
YoY Change	29.84%	-10.09%
LONG-TERM LIABILITIES
Long-Term Debt	$5.445B	$4.179B
YoY Change	30.31%	-4.55%
Other Long-Term Liabilities	$1.800M
YoY Change
Total Long-Term Liabilities	$5.447B	$4.179B
YoY Change	30.35%	-4.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$53.23M	$41.00M
Total Long-Term Liabilities	$5.447B	$4.179B
Total Liabilities	$5.500B	$4.220B
YoY Change	30.35%	-4.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$37.62M	-$60.43M
YoY Change	-37.75%	603.16%
Common Stock	$679.0K	$556.0K
YoY Change	22.12%	-3.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$61.00M	$61.00M
YoY Change	0.0%	10.5%
Treasury Stock Shares
Shareholders Equity	$1.650B	$1.051B
YoY Change
Total Liabilities & Shareholders Equity	$7.150B	$5.273B
YoY Change	35.6%	-3.35%

Cashflow Statement

Concept	2022 Q1	2021 Q1
OPERATING ACTIVITIES
Net Income	$35.47M	$30.09M
YoY Change	17.87%	-187.04%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$33.13M	$30.27M
YoY Change	9.46%	10.56%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$530.5M	-$201.2M
YoY Change	163.66%	30.14%
Cash From Investing Activities	-$530.5M	-$201.2M
YoY Change	163.62%	30.17%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$135.3M	$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$398.5M	$269.5M
YoY Change	47.86%	-37.25%
NET CHANGE
Cash From Operating Activities	$33.13M	$30.27M
Cash From Investing Activities	-$530.5M	-$201.2M
Cash From Financing Activities	$398.5M	$269.5M
Net Change In Cash	-$98.88M	$98.52M
YoY Change	-200.37%	-67.41%
FREE CASH FLOW
Cash From Operating Activities	$33.13M	$30.27M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2022Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2022Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2022Q1	dei	Document Type DocumentType	10-Q
CY2022Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2022Q1	dei	Document Period End Date DocumentPeriodEndDate	2022-03-31
CY2022Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2022Q1	dei	Entity File Number EntityFileNumber	001-38082
CY2022Q1	dei	Entity Registrant Name EntityRegistrantName	KKR Real Estate Finance Trust Inc.
CY2022Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
CY2022Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	47-2009094
CY2022Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	30 Hudson Yards,
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CY2022Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
CY2022Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10001
CY2022Q1	dei	City Area Code CityAreaCode	212
CY2022Q1	dei	Local Phone Number LocalPhoneNumber	750-8300
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CY2022Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2022Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2022Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2022Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
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CY2021Q1	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	1101000	USD
CY2022Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-985000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-82000	USD
CY2022Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	2901000	USD
CY2021Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	2487000	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-532000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	246000	USD
CY2022Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	67000	USD
CY2021Q1	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-11000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	33130000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	30268000	USD
CY2022Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	282282000	USD
CY2021Q1	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	370566000	USD
CY2022Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	812756000	USD
CY2021Q1	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	571796000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-530474000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-201230000	USD
CY2022Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	479329000	USD
CY2021Q1	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	718112000	USD
CY2022Q1	kref	Proceeds From Issuance Of Collateralized Loan Obligation ProceedsFromIssuanceOfCollateralizedLoanObligation	847500000	USD
CY2021Q1	kref	Proceeds From Issuance Of Collateralized Loan Obligation ProceedsFromIssuanceOfCollateralizedLoanObligation	0	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	135271000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	151167000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	USD
CY2022Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	26389000	USD
CY2021Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	23916000	USD
CY2022Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	5326000	USD
CY2021Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	366000	USD
CY2022Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1172268000	USD
CY2021Q1	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	422096000	USD
CY2022Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	9787000	USD
CY2021Q1	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	433000	USD
CY2022Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1036000	USD
CY2021Q1	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	104000	USD
CY2022Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	0	USD
CY2021Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	1720000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	398461000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	269477000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-98883000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	98515000	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	273770000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	110832000	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	174887000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	209347000	USD
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	173178000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	209347000	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	1709000	USD
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	0	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	174887000	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	209347000	USD
CY2022Q1	us-gaap	Interest Paid Net InterestPaidNet	24715000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	20561000	USD
CY2022Q1	kref	Escrow Deposits Related To Financing Receivable EscrowDepositsRelatedToFinancingReceivable	80870000	USD
CY2021Q1	kref	Escrow Deposits Related To Financing Receivable EscrowDepositsRelatedToFinancingReceivable	0	USD
CY2022Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2021Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	USD
CY2022Q1	kref	Loan Principal Payments Held By Servicer LoanPrincipalPaymentsHeldByServicer	0	USD
CY2021Q1	kref	Loan Principal Payments Held By Servicer LoanPrincipalPaymentsHeldByServicer	40000000	USD
CY2022Q1	us-gaap	Dividends Dividends	29211000	USD
CY2021Q1	us-gaap	Dividends Dividends	24119000	USD
CY2022Q1	kref	Deferred Financing Costs Incurred But Not Yet Paid DeferredFinancingCostsIncurredButNotYetPaid	3314000	USD
CY2021Q1	kref	Deferred Financing Costs Incurred But Not Yet Paid DeferredFinancingCostsIncurredButNotYetPaid	0	USD
CY2022Q1	us-gaap	Use Of Estimates UseOfEstimates	<span style="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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">— The preparation of </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">condensed consolidated</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">condensed consolidated</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> 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="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">. </span><span style="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>
CY2022Q1	kref	Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents	44300000	USD
CY2021Q4	kref	Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents	65600000	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	1700000	USD
CY2021Q4	us-gaap	Restricted Cash RestrictedCash	2300000	USD
CY2022Q1	us-gaap	Escrow Deposit EscrowDeposit	80900000	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	1700000	USD
CY2022Q1	kref	Real Estate Owned Accounts Receivable RealEstateOwnedAccountsReceivable	1400000	USD
CY2022Q1	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	700000	USD
CY2021Q4	us-gaap	Restricted Cash RestrictedCash	2300000	USD
CY2021Q4	kref	Interest Held At Servicer InterestHeldAtServicer	1400000	USD
CY2021Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1400000	USD
CY2022Q1	kref	Real Estate Owned Liability RealEstateOwnedLiability	2900000	USD
CY2022Q1	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2500000	USD
CY2022Q1	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	1800000	USD
CY2021Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	3900000	USD
CY2021Q4	kref	Real Estate Owned Liability RealEstateOwnedLiability	3300000	USD
CY2021Q4	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	1500000	USD
CY2021Q4	us-gaap	Deferred Income DeferredIncome	600000	USD
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2022Q1	us-gaap	Financing Receivable Recorded Investment Nonaccrual Status FinancingReceivableRecordedInvestmentNonaccrualStatus	5500000	USD
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	6316174	shares
CY2022Q1	kref	Net Accelerated Fees NetAcceleratedFees	800000	USD
CY2021Q1	kref	Net Accelerated Fees NetAcceleratedFees	1000000	USD
CY2022Q1	kref	Weighted Average Loan Risk Rating WeightedAverageLoanRiskRating	2.9
CY2021Q4	kref	Weighted Average Loan Risk Rating WeightedAverageLoanRiskRating	2.9
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	22244000	USD
CY2021Q4	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	1495000	USD
CY2021Q4	kref	Allowance For Credit Loss AllowanceForCreditLoss	23739000	USD
CY2022Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-1568000	USD
CY2022Q1	us-gaap	Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal	350000	USD
CY2022Q1	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	-1218000	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	0	USD
CY2022Q1	kref	Off Balance Sheet Credit Loss Liability Writeoff OffBalanceSheetCreditLossLiabilityWriteoff	0	USD
CY2022Q1	kref	Allowance For Credit Loss Writeoff AllowanceForCreditLossWriteoff	0	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	0	USD
CY2022Q1	kref	Off Balance Sheet Credit Loss Liability Recovery OffBalanceSheetCreditLossLiabilityRecovery	0	USD
CY2022Q1	kref	Allowance For Credit Loss Recovery AllowanceForCreditLossRecovery	0	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	20676000	USD
CY2022Q1	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	1845000	USD
CY2022Q1	kref	Allowance For Credit Loss AllowanceForCreditLoss	22521000	USD
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	59801000	USD
CY2020Q4	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	902000	USD
CY2020Q4	kref	Allowance For Credit Loss AllowanceForCreditLoss	60703000	USD
CY2021Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	-1328000	USD
CY2021Q1	us-gaap	Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal	-260000	USD
CY2021Q1	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	-1588000	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses Write Offs FinancingReceivableAllowanceForCreditLossesWriteOffs	0	USD
CY2021Q1	kref	Off Balance Sheet Credit Loss Liability Writeoff OffBalanceSheetCreditLossLiabilityWriteoff	0	USD
CY2021Q1	kref	Allowance For Credit Loss Writeoff AllowanceForCreditLossWriteoff	0	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses Recovery FinancingReceivableAllowanceForCreditLossesRecovery	0	USD
CY2021Q1	kref	Off Balance Sheet Credit Loss Liability Recovery OffBalanceSheetCreditLossLiabilityRecovery	0	USD
CY2021Q1	kref	Allowance For Credit Loss Recovery AllowanceForCreditLossRecovery	0	USD
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	58473000	USD
CY2021Q1	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	642000	USD
CY2021Q1	kref	Allowance For Credit Loss AllowanceForCreditLoss	59115000	USD
CY2022Q1	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	-1200000	USD
CY2021Q1	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	-1600000	USD
CY2021Q4	kref	Real Estate Owned Other Assets Assumed RealEstateOwnedOtherAssetsAssumed	2000000	USD
CY2022Q1	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	2287000	USD
CY2022Q1	kref	Other Real Estate Operations Income OtherRealEstateOperationsIncome	342000	USD
CY2022Q1	kref	Property Operating Expense PropertyOperatingExpense	2554000	USD
CY2022Q1	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	403000	USD
CY2022Q1	kref	Income Loss From Real Estate Owned Operations IncomeLossFromRealEstateOwnedOperations	478000	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	17000	USD
CY2022Q1	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	91000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	50000	USD
CY2022Q1	us-gaap	Below Market Lease Amortization Income Remainder Of Fiscal Year BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear	274000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	67000	USD
CY2022Q1	us-gaap	Below Market Lease Amortization Income Next Twelve Months BelowMarketLeaseAmortizationIncomeNextTwelveMonths	365000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	67000	USD
CY2022Q1	us-gaap	Below Market Lease Amortization Income Year Two BelowMarketLeaseAmortizationIncomeYearTwo	365000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	67000	USD
CY2022Q1	us-gaap	Below Market Lease Amortization Income Year Three BelowMarketLeaseAmortizationIncomeYearThree	365000	USD
CY2022Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	67000	USD
CY2022Q1	us-gaap	Below Market Lease Amortization Income Year Four BelowMarketLeaseAmortizationIncomeYearFour	365000	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	3897000	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	4390000	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	3579000	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	2839000	USD
CY2022Q1	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	2042000	USD
CY2022Q1	kref	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	45000	USD
CY2022Q1	kref	Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral	0.290
CY2021Q4	kref	Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral	0.303
CY2022Q1	kref	Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed	0.254
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CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	590719000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1132302000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	524675000	USD
CY2022Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	442564000	USD
CY2022Q1	kref	Long Term Debt Maturity After Year Four LongTermDebtMaturityAfterYearFour	355569000	USD
CY2022Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	3045829000	USD
CY2022Q1	kref	Debt Instrument Covenant Interest Incometo Interest Expense Ratio DebtInstrumentCovenantInterestIncometoInterestExpenseRatio	1.5
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CY2022Q1	kref	Debt Instrument Covenant Cash Liquidity Amount DebtInstrumentCovenantCashLiquidityAmount	10000000	USD
CY2022Q1	kref	Debt Instrument Covenant Cash Liquidity Percentof Recourse Indebtedness DebtInstrumentCovenantCashLiquidityPercentofRecourseIndebtedness	0.050
CY2022Q1	kref	Debt Instrument Covenant Total Indebtedness Percentof Total Assets DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets	0.833
CY2022Q1	kref	Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans	0.337
CY2021Q4	kref	Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans	0.196
CY2021Q4	kref	Percentage Of Collateralized Loan Obligations Under Floating Rate Loans PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans	1
CY2022Q1	kref	Percentage Of Collateralized Loan Obligations Under Floating Rate Loans PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans	1
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	55731061	shares
CY2014Q4	kref	Common Stockand Preferred Stock Shares Authorized CommonStockandPreferredStockSharesAuthorized	350000000	shares
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CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2022Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	67933704	shares
CY2022Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	3900326	shares
CY2022Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2021Q1	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
CY2022Q1	us-gaap	Stock Repurchase Program Remaining Authorized Repurchase Amount1 StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1	100000000	USD
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	29211000	USD
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	29211000	USD
CY2021Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2021Q1	us-gaap	Dividends Common Stock DividendsCommonStock	23916000	USD
CY2021Q1	us-gaap	Dividends Common Stock DividendsCommonStock	23916000	USD
CY2022Q1	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y1M6D
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	6316174	shares
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	35468000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	30092000	USD
CY2022Q1	kref	Preferred Stock Redemption Adjustment And Dividends Income Statement Impact PreferredStockRedemptionAdjustmentAndDividendsIncomeStatementImpact	5326000	USD
CY2021Q1	kref	Preferred Stock Redemption Adjustment And Dividends Income Statement Impact PreferredStockRedemptionAdjustmentAndDividendsIncomeStatementImpact	908000	USD
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	346000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	0	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29796000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29184000	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29796000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	29184000	USD
CY2022Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	2201000	USD
CY2021Q1	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	USD
CY2022Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	25000	USD
CY2021Q1	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	USD
CY2022Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	31972000	USD
CY2021Q1	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	29184000	USD
CY2022Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	63086452	shares
CY2021Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	55619428	shares
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	6316174	shares
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2022Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	111633	shares
CY2022Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	69402626	shares
CY2022Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.47
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.52
CY2022Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.46
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.52
CY2022Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	181560	shares
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	0	shares
CY2022Q1	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	8668000	USD
CY2021Q4	us-gaap	Due To Affiliate Current And Noncurrent DueToAffiliateCurrentAndNoncurrent	5952000	USD
CY2022Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	6733000	USD
CY2021Q1	us-gaap	Related Party Transaction Expenses From Transactions With Related Party RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty	6834000	USD
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	20700000	USD
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	22200000	USD
CY2021Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	USD
CY2022Q1	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	USD
CY2021Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	USD
CY2022Q1	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	USD

Files In Submission

Name	View Source	Status
0001631596-22-000024-index-headers.html	Edgar Link	pending
0001631596-22-000024-index.html	Edgar Link	pending
0001631596-22-000024.txt	Edgar Link	pending
0001631596-22-000024-xbrl.zip	Edgar Link	pending
a202203-exhibit101.htm	Edgar Link	pending
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a202203-exhibit321.htm	Edgar Link	pending
a202203-exhibit322.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
kref-20220331.htm	Edgar Link	pending
kref-20220331.xsd	Edgar Link	pending
kref-20220331_cal.xml	Edgar Link	unprocessable
kref-20220331_def.xml	Edgar Link	unprocessable
kref-20220331_g1.jpg	Edgar Link	pending
kref-20220331_g2.jpg	Edgar Link	pending
kref-20220331_htm.xml	Edgar Link	completed
kref-20220331_lab.xml	Edgar Link	unprocessable
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$KREF
KKR Real Estate Finance Trust Inc. Stock $kref

2022 Q1 Form 10-Q Financial Statement

#000163159622000024 Filed on April 25, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KREF KKR Real Estate Finance Trust Inc. Stock $kref

2022 Q1 Form 10-Q Financial Statement

#000163159622000024 Filed on April 25, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$KREF
KKR Real Estate Finance Trust Inc. Stock $kref