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

$kref Overview Financials Valuation SEC Filings Company Website

2023 Q3 Form 10-Q Financial Statement

#000163159623000033 Filed on July 24, 2023

Income Statement

Concept	2023 Q3	2023 Q2
Revenue	$168.7M	$166.6M
YoY Change	42.4%	75.91%
Cost Of Revenue	$118.6M	$115.7M
YoY Change	76.2%	158.59%
Gross Profit	$50.10M	$50.92M
YoY Change	-2.08%	1.9%
Gross Profit Margin	29.7%	30.57%
Selling, General & Admin	$11.40M	$11.88M
YoY Change	30.08%	39.01%
% of Gross Profit	22.75%	23.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$23.10M	$70.87M
YoY Change	-75.45%	183.71%
Operating Profit	$27.00M	-$19.95M
YoY Change	-162.92%	-179.8%
Interest Expense	$118.6M	$115.7M
YoY Change	76.22%	158.59%
% of Operating Profit	439.32%
Other Income/Expense, Net	$5.443M	$6.972M
YoY Change	41.52%	69.84%
Pretax Income	$27.00M	-$19.95M
YoY Change	-162.91%	-179.8%
Income Tax	$165.0K	$177.0K
% Of Pretax Income	0.61%
Net Earnings	$27.14M	-$25.77M
YoY Change	-163.48%	-202.84%
Net Earnings / Revenue	16.09%	-15.47%
Basic Earnings Per Share	$0.31	-$0.37
Diluted Earnings Per Share	$0.31	-$0.37
COMMON SHARES
Basic Shares Outstanding	69.11M shares	69.10M shares
Diluted Shares Outstanding	69.12M shares	69.12M shares

Balance Sheet

Concept	2023 Q3	2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$108.0M	$207.7M
YoY Change	-41.09%	75.99%
Cash & Equivalents	$108.0M	$207.7M
Short-Term Investments
Other Short-Term Assets		$1.200M
YoY Change		50.0%
Inventory
Prepaid Expenses
Receivables	$39.90M	$39.51M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$147.9M	$248.4M
YoY Change	-30.86%	75.04%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$35.50M	$35.49M
YoY Change	-3.68%	-3.52%
Other Assets	$17.60M	$19.50M
YoY Change	40.8%	47.73%
Total Long-Term Assets	$7.478B	$7.361B
YoY Change	2.05%	-2.78%
TOTAL ASSETS
Total Short-Term Assets	$147.9M	$248.4M
Total Long-Term Assets	$7.478B	$7.361B
Total Assets	$7.625B	$7.609B
YoY Change	1.12%	-1.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.900M	$3.935M
YoY Change	54.25%	23.66%
Accrued Expenses	$21.30M	$19.87M
YoY Change	32.94%	70.71%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$65.20M	$61.84M
YoY Change	10.72%	16.62%
LONG-TERM LIABILITIES
Long-Term Debt	$6.104B	$6.084B
YoY Change	3.76%	1.71%
Other Long-Term Liabilities	$2.700M	$4.100M
YoY Change	-34.15%	46.43%
Total Long-Term Liabilities	$6.107B	$6.088B
YoY Change	3.74%	1.73%
TOTAL LIABILITIES
Total Short-Term Liabilities	$65.20M	$61.84M
Total Long-Term Liabilities	$6.107B	$6.088B
Total Liabilities	$6.172B	$6.149B
YoY Change	3.81%	1.86%
SHAREHOLDERS EQUITY
Retained Earnings	-$265.8M	-$257.5M
YoY Change	110.32%	434.72%
Common Stock	$691.0K	$691.0K
YoY Change	-0.43%	-0.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.454B	$1.460B
YoY Change
Total Liabilities & Shareholders Equity	$7.625B	$7.609B
YoY Change	1.12%	-1.35%

Cashflow Statement

Concept	2023 Q3	2023 Q2
OPERATING ACTIVITIES
Net Income	$27.14M	-$25.77M
YoY Change	-163.48%	-202.84%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$41.80M	$35.47M
YoY Change	17.52%	0.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	-$122.4M	$172.5M
YoY Change	-170.56%	-128.11%
Cash From Investing Activities	-$122.4M	$172.5M
YoY Change	-170.56%	-128.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-20.70M	-251.3M
YoY Change	-85.63%	-147.5%
NET CHANGE
Cash From Operating Activities	41.80M	35.47M
Cash From Investing Activities	-122.4M	172.5M
Cash From Financing Activities	-20.70M	-251.3M
Net Change In Cash	-101.3M	-43.40M
YoY Change	-255.93%	-11.82%
FREE CASH FLOW
Cash From Operating Activities	$41.80M	$35.47M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Interest Expense InterestExpense	115677000	usd
CY2023Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	43952000	usd
CY2023Q2	us-gaap	Profit Loss From Real Estate Operations ProfitLossFromRealEstateOperations	1984000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	6972000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4710000	usd
CY2023Q2	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	56335000	usd
CY2023Q2	kref	Related Party Transaction Structuring Fee RelatedPartyTransactionStructuringFee	6559000	usd
CY2023Q2	us-gaap	Noninterest Expense Related To Performance Fees NoninterestExpenseRelatedToPerformanceFees	611000	usd
CY2023Q2	kref	Property Operating Expense PropertyOperatingExpense	2656000	usd
CY2023Q2	us-gaap	Operating Costs And Expenses OperatingCostsAndExpenses	70871000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-19947000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	177000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	-20124000	usd
CY2023Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	418000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-25772000	usd
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.82
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.37
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.28
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.82
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69115654	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68549049	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69105389	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	69115654	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68549049	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	69105389	shares
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2022Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.86
CY2023Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2023Q1	kref	Participating Security Dividends Per Share Declared ParticipatingSecurityDividendsPerShareDeclared	0.43
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2023Q2	kref	Participating Security Dividends Per Share Declared ParticipatingSecurityDividendsPerShareDeclared	0.43
CY2022Q1	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2022Q1	kref	Participating Security Dividends Per Share Declared ParticipatingSecurityDividendsPerShareDeclared	0.43
CY2022Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
CY2022Q2	kref	Participating Security Dividends Per Share Declared ParticipatingSecurityDividendsPerShareDeclared	0.43
	us-gaap	Profit Loss ProfitLoss	-45378000	usd
	us-gaap	Profit Loss ProfitLoss	60407000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	13894000	usd
	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	10618000	usd
	kref	Accretion Of Deferred Loan Costs And Discounts AccretionOfDeferredLoanCostsAndDiscounts	12390000	usd
	kref	Accretion Of Deferred Loan Costs And Discounts AccretionOfDeferredLoanCostsAndDiscounts	11961000	usd
	kref	Payments For Interest Paid In Kind PaymentsForInterestPaidInKind	0	usd
	kref	Payments For Interest Paid In Kind PaymentsForInterestPaidInKind	943000	usd
	kref	Increase Decreasein Equity Method Investments IncreaseDecreaseinEquityMethodInvestments	-1363000	usd
	kref	Increase Decreasein Equity Method Investments IncreaseDecreaseinEquityMethodInvestments	1245000	usd
	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	116802000	usd
	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	10580000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4326000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	4166000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	507000	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	7257000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1547000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1422000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1287000	usd
	us-gaap	Increase Decrease In Due To Affiliates IncreaseDecreaseInDueToAffiliates	-127000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	77108000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	68384000	usd
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	435155000	usd
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	647814000	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	374585000	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	1791277000	usd
	kref	Payments For Capital Expenditures Real Estate Owned PaymentsForCapitalExpendituresRealEstateOwned	1174000	usd
	kref	Payments For Capital Expenditures Real Estate Owned PaymentsForCapitalExpendituresRealEstateOwned	599000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	59396000	usd
	us-gaap	Proceeds From Long Term Lines Of Credit ProceedsFromLongTermLinesOfCredit	556343000	usd
	kref	Proceeds From Issuance Of Collateralized Loan Obligation ProceedsFromIssuanceOfCollateralizedLoanObligation	0	usd
	kref	Proceeds From Issuance Of Collateralized Loan Obligation ProceedsFromIssuanceOfCollateralizedLoanObligation	847500000	usd
	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	188924000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	151167000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	59422000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	10652000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	504679000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	1972793000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	143750000	usd
	us-gaap	Repayments Of Convertible Debt RepaymentsOfConvertibleDebt	0	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	2300000	usd
	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	18552000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	0	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	1140000	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	usd
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	18081000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-164205000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	927581000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-27701000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-148097000	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	273770000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	222920000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	125673000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	207698000	usd
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	118020000	usd
CY2023Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	15222000	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	7653000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	222920000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	125673000	usd
	us-gaap	Interest Paid Net InterestPaidNet	207352000	usd
	us-gaap	Interest Paid Net InterestPaidNet	63365000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	134000	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
	kref	Loan Modification Accounted For New Loan LoanModificationAccountedForNewLoan	111000000	usd
	kref	Loan Modification Accounted For New Loan LoanModificationAccountedForNewLoan	0	usd
	us-gaap	Dividends Dividends	29716000	usd
	us-gaap	Dividends Dividends	29951000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	15200000	usd
CY2022Q4	us-gaap	Restricted Cash RestrictedCash	10800000	usd
	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 impact the interest income, impairments, allowance for loan loss and fair values recorded or disclosed. Actual results could materially differ from those estimates.</span>
CY2023Q2	kref	Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents	57100000	usd
CY2022Q4	kref	Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents	54400000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	15200000	usd
CY2023Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1200000	usd
CY2022Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	1100000	usd
CY2023Q2	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	4100000	usd
CY2023Q2	kref	Real Estate Owned Liability RealEstateOwnedLiability	3700000	usd
CY2023Q2	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	1600000	usd
CY2022Q4	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	4100000	usd
CY2022Q4	kref	Real Estate Owned Liability RealEstateOwnedLiability	3700000	usd
CY2022Q4	us-gaap	Accrued Liabilities Current And Noncurrent AccruedLiabilitiesCurrentAndNoncurrent	2100000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.43
	kref	Incremental Common Shares Potentially Attributable To Dilutive Effect Of Conversion Of Debt Securities IncrementalCommonSharesPotentiallyAttributableToDilutiveEffectOfConversionOfDebtSecurities	6316174	shares
CY2023Q2	kref	Prepayment Fee Income PrepaymentFeeIncome	800000	usd
	kref	Prepayment Fee Income PrepaymentFeeIncome	1100000	usd
	kref	Net Accelerated Fees NetAcceleratedFees	1200000	usd
	kref	Prepayment Fee Income PrepaymentFeeIncome	4100000	usd
CY2022Q2	kref	Net Accelerated Fees NetAcceleratedFees	0	usd
	kref	Net Accelerated Fees NetAcceleratedFees	800000	usd
CY2023Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	223767000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	106974000	usd
CY2023Q2	kref	Weighted Average Loan Risk Rating WeightedAverageLoanRiskRating	3.2
CY2023Q1	kref	Weighted Average Loan Risk Rating WeightedAverageLoanRiskRating	3.2
CY2022Q4	kref	Weighted Average Loan Risk Rating WeightedAverageLoanRiskRating	3.2
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	106974000	usd
CY2022Q4	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	4138000	usd
CY2022Q4	kref	Allowance For Credit Loss AllowanceForCreditLoss	111112000	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	116793000	usd
	us-gaap	Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal	9000	usd
	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	116802000	usd
CY2023Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	223767000	usd
CY2023Q2	us-gaap	Off Balance Sheet Credit Loss Liability OffBalanceSheetCreditLossLiability	4147000	usd
CY2023Q2	kref	Allowance For Credit Loss AllowanceForCreditLoss	227914000	usd
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
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	9285000	usd
	us-gaap	Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal	1295000	usd
	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	10580000	usd
CY2023Q2	kref	Allowance For Credit Loss AllowanceForCreditLoss	227900000	usd
	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	116800000	usd
	kref	Credit Loss Expense Reversal CreditLossExpenseReversal	10600000	usd
CY2021Q4	kref	Real Estate Owned Other Assets Assumed RealEstateOwnedOtherAssetsAssumed	2000000	usd
CY2023Q2	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	81405000	usd
CY2022Q4	us-gaap	Real Estate Acquired Through Foreclosure RealEstateAcquiredThroughForeclosure	80231000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	1782000	usd
CY2022Q2	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	1578000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	3452000	usd
	us-gaap	Operating Lease Lease Income OperatingLeaseLeaseIncome	3865000	usd
CY2023Q2	kref	Other Real Estate Operations Income OtherRealEstateOperationsIncome	202000	usd
CY2022Q2	kref	Other Real Estate Operations Income OtherRealEstateOperationsIncome	255000	usd
	kref	Other Real Estate Operations Income OtherRealEstateOperationsIncome	778000	usd
	kref	Other Real Estate Operations Income OtherRealEstateOperationsIncome	597000	usd
CY2023Q2	kref	Property Operating Revenue PropertyOperatingRevenue	1984000	usd
CY2022Q2	kref	Property Operating Revenue PropertyOperatingRevenue	1833000	usd
	kref	Property Operating Revenue PropertyOperatingRevenue	4230000	usd
	kref	Property Operating Revenue PropertyOperatingRevenue	4462000	usd
CY2023Q2	kref	Property Operating Expense PropertyOperatingExpense	2656000	usd
CY2022Q2	kref	Property Operating Expense PropertyOperatingExpense	2368000	usd
	kref	Property Operating Expense PropertyOperatingExpense	5414000	usd
	kref	Property Operating Expense PropertyOperatingExpense	4922000	usd
CY2023Q2	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	1378000	usd
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	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	1666000	usd
	us-gaap	Other Revenue Expense From Real Estate Operations OtherRevenueExpenseFromRealEstateOperations	1337000	usd
CY2023Q2	kref	Income Loss From Real Estate Owned Operations IncomeLossFromRealEstateOwnedOperations	706000	usd
CY2022Q2	kref	Income Loss From Real Estate Owned Operations IncomeLossFromRealEstateOwnedOperations	399000	usd
	kref	Income Loss From Real Estate Owned Operations IncomeLossFromRealEstateOwnedOperations	482000	usd
	kref	Income Loss From Real Estate Owned Operations IncomeLossFromRealEstateOwnedOperations	877000	usd
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	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	34000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	33000	usd
CY2023Q2	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	91000	usd
CY2022Q2	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	91000	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	183000	usd
	us-gaap	Amortization Of Below Market Lease AmortizationOfBelowMarketLease	182000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	33000	usd
CY2023Q2	us-gaap	Below Market Lease Amortization Income Remainder Of Fiscal Year BelowMarketLeaseAmortizationIncomeRemainderOfFiscalYear	183000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	67000	usd
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CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	67000	usd
CY2023Q2	us-gaap	Below Market Lease Amortization Income Year Two BelowMarketLeaseAmortizationIncomeYearTwo	365000	usd
CY2023Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	67000	usd
CY2023Q2	us-gaap	Below Market Lease Amortization Income Year Three BelowMarketLeaseAmortizationIncomeYearThree	365000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear	2150000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Next Twelve Months LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths	1898000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Two Years LessorOperatingLeasePaymentsToBeReceivedTwoYears	832000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Three Years LessorOperatingLeasePaymentsToBeReceivedThreeYears	443000	usd
CY2023Q2	us-gaap	Lessor Operating Lease Payments To Be Received Four Years LessorOperatingLeasePaymentsToBeReceivedFourYears	22000	usd
CY2023Q2	kref	Lessor Operating Lease Payment To Be Received After Year Four LessorOperatingLeasePaymentToBeReceivedAfterYearFour	0	usd
CY2023Q2	kref	Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral	0.323
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CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	258841000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1657448000	usd
CY2023Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1202027000	usd
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	kref	Debt Instrument Covenant Interest Incometo Interest Expense Ratio DebtInstrumentCovenantInterestIncometoInterestExpenseRatio	1.5
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	kref	Debt Instrument Covenant Total Indebtedness Percentof Total Assets DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets	0.833
CY2023Q2	kref	Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans	0.295
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CY2014Q4	kref	Common Stockand Preferred Stock Shares Authorized CommonStockandPreferredStockSharesAuthorized	350000000	shares
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CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2014Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
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	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	0	shares
	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	1044692	shares
	us-gaap	Treasury Stock Acquired Average Cost Per Share TreasuryStockAcquiredAverageCostPerShare	17.28
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	18100000	usd
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CY2023Q2	us-gaap	Dividends Common Stock DividendsCommonStock	29716000	usd
	us-gaap	Dividends Common Stock DividendsCommonStock	59427000	usd
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	us-gaap	Dividends Common Stock DividendsCommonStock	59162000	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	10652000	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	10652000	usd
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y
	kref	Incremental Common Shares Potentially Attributable To Dilutive Effect Of Conversion Of Debt Securities IncrementalCommonSharesPotentiallyAttributableToDilutiveEffectOfConversionOfDebtSecurities	6316174	shares
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-20028000	usd
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	us-gaap	Net Income Loss NetIncomeLoss	-45105000	usd
	us-gaap	Net Income Loss NetIncomeLoss	60529000	usd
CY2023Q2	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	5326000	usd
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	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	10652000	usd
	us-gaap	Preferred Stock Dividends Income Statement Impact PreferredStockDividendsIncomeStatementImpact	10652000	usd
CY2023Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	418000	usd
CY2022Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	341000	usd
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	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Basic UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic	687000	usd
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CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	19394000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-56582000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	49190000	usd
CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-25772000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	19394000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-56582000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	49190000	usd
CY2023Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	usd
CY2022Q2	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	usd
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	0	usd
	us-gaap	Interest On Convertible Debt Net Of Tax InterestOnConvertibleDebtNetOfTax	4402000	usd
CY2023Q2	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	usd
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	us-gaap	Undistributed Earnings Loss Allocated To Participating Securities Diluted UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted	0	usd
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CY2023Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-25772000	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	19394000	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	-56582000	usd
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CY2023Q2	kref	Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic	69103268	shares
CY2022Q2	kref	Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic	68549049	shares
	kref	Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic	69099162	shares
	kref	Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic	65832841	shares
CY2023Q2	kref	Incremental Common Shares Attributable To Deferred Stock Units IncrementalCommonSharesAttributableToDeferredStockUnits	12386	shares
CY2022Q2	kref	Incremental Common Shares Attributable To Deferred Stock Units IncrementalCommonSharesAttributableToDeferredStockUnits	0	shares
	kref	Incremental Common Shares Attributable To Deferred Stock Units IncrementalCommonSharesAttributableToDeferredStockUnits	6227	shares
	kref	Incremental Common Shares Attributable To Deferred Stock Units IncrementalCommonSharesAttributableToDeferredStockUnits	0	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69115654	shares
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	68549049	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	69105389	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	65832841	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	0	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Debt Securities IncrementalCommonSharesAttributableToConversionOfDebtSecurities	6316174	shares
CY2023Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	0	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	69115654	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	68549049	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	69105389	shares
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.28
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.37
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	0	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	10213	shares
CY2022Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	199713	shares
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CY2023Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	223800000	usd
CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	107000000	usd
CY2023Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	7248031000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	300000	usd
	us-gaap	Current Income Tax Expense Benefit CurrentIncomeTaxExpenseBenefit	0	usd
CY2022Q4	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd
CY2023Q2	us-gaap	Deferred Tax Assets Liabilities Net DeferredTaxAssetsLiabilitiesNet	0	usd

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

2023 Q3 Form 10-Q Financial Statement

#000163159623000033 Filed on July 24, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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

2023 Q3 Form 10-Q Financial Statement

#000163159623000033 Filed on July 24, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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