2024 Q1 Form 10-K Financial Statement

#000163159624000008 Filed on February 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $159.2M $169.2M $661.6M
YoY Change 1.33% 14.08% 49.97%
Cost Of Revenue $112.5M $118.5M $458.8M
YoY Change 6.13% 29.41% 94.33%
Gross Profit $46.76M $50.67M $202.8M
YoY Change -8.61% -10.69% -1.1%
Gross Profit Margin 29.36% 29.94% 30.65%
Selling, General & Admin $11.33M $11.12M $47.45M
YoY Change -12.99% 27.76% 38.95%
% of Gross Profit 24.23% 21.95% 23.4%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $50.15M $63.58M $233.8M
YoY Change -34.23% 73.86% 39.63%
Operating Profit -$3.388M -$12.91M -$30.95M
YoY Change -86.49% -164.06% -182.19%
Interest Expense $112.5M $118.5M $458.8M
YoY Change 6.13% 29.41% 94.33%
% of Operating Profit
Other Income/Expense, Net $7.615M $4.174M $21.20M
YoY Change 65.18% -13.28% 10.45%
Pretax Income -$3.388M -$12.91M -$30.95M
YoY Change -86.49% -164.06% -182.19%
Income Tax $41.00K $199.0K $710.0K
% Of Pretax Income
Net Earnings -$8.739M -$12.89M -$30.85M
YoY Change -65.15% -163.4% -180.97%
Net Earnings / Revenue -5.49% -7.62% -4.66%
Basic Earnings Per Share -$0.13 -$0.27 -$0.78
Diluted Earnings Per Share -$0.13 -$0.27 -$0.78
COMMON SHARES
Basic Shares Outstanding 69.31M shares 69.31M shares 69.18M shares
Diluted Shares Outstanding 69.39M shares 69.38M shares 69.18M shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.5M $135.9M $135.9M
YoY Change -58.08% -43.33% -43.33%
Cash & Equivalents $106.5M $135.9M $135.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $40.60M $41.00M $41.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $147.1M $176.9M $176.9M
YoY Change -50.18% -36.8% -36.8%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $35.11M $35.08M $35.08M
YoY Change -1.71% -4.81% -4.81%
Other Assets $115.9M $117.1M $117.1M
YoY Change 589.78% 645.97% 645.97%
Total Long-Term Assets $7.110B $7.371B $7.371B
YoY Change -6.22% -2.02% -2.02%
TOTAL ASSETS
Total Short-Term Assets $147.1M $176.9M $176.9M
Total Long-Term Assets $7.110B $7.371B $7.371B
Total Assets $7.257B $7.548B $7.548B
YoY Change -7.86% -3.26% -3.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.11M $5.450M $5.450M
YoY Change 280.23% 34.73% 34.73%
Accrued Expenses $19.25M $22.01M $22.01M
YoY Change -19.47% 10.26% 10.26%
Deferred Revenue
YoY Change
Short-Term Debt $249.2M $0.00 $0.00
YoY Change
Long-Term Debt Due $110.9M $156.2M $156.2M
YoY Change
Total Short-Term Liabilities $418.8M $65.53M $65.53M
YoY Change 536.7% 4.96% 4.96%
LONG-TERM LIABILITIES
Long-Term Debt $5.439B $6.060B $6.060B
YoY Change -13.56% -1.69% -1.69%
Other Long-Term Liabilities $18.49M $17.98M $17.98M
YoY Change 340.17% 338.61% 338.61%
Total Long-Term Liabilities $5.458B $6.078B $6.078B
YoY Change -13.33% -1.47% -1.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $418.8M $65.53M $65.53M
Total Long-Term Liabilities $5.458B $6.078B $6.078B
Total Liabilities $5.876B $6.143B $6.143B
YoY Change -7.66% -1.4% -1.41%
SHAREHOLDERS EQUITY
Retained Earnings -$340.4M -$314.4M
YoY Change 68.51% 122.16%
Common Stock $693.0K $693.0K
YoY Change 0.29% 0.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.381B $1.405B $1.405B
YoY Change
Total Liabilities & Shareholders Equity $7.257B $7.548B $7.548B
YoY Change -7.86% -3.26% -3.26%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$8.739M -$12.89M -$30.85M
YoY Change -65.15% -163.4% -180.97%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $34.49M $36.82M $155.7M
YoY Change -17.17% -0.96% 10.34%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $236.8M $76.49M $13.49M
YoY Change -309.37% -137.03% -101.15%
Cash From Investing Activities $236.8M $76.49M $13.49M
YoY Change -309.37% -137.03% -101.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -300.8M -86.61M -$271.5M
YoY Change -445.15% -137.76% -126.81%
NET CHANGE
Cash From Operating Activities 34.49M 36.82M $155.7M
Cash From Investing Activities 236.8M 76.49M $13.49M
Cash From Financing Activities -300.8M -86.61M -$271.5M
Net Change In Cash -29.53M 26.69M -$102.3M
YoY Change -288.09% -55.5% 341.95%
FREE CASH FLOW
Cash From Operating Activities $34.49M $36.82M $155.7M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2023 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
26182000 usd
CY2022 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
23858000 usd
CY2021 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
15731000 usd
CY2021 kref Accretion Of Deferred Loan Costs And Discounts
AccretionOfDeferredLoanCostsAndDiscounts
22851000 usd
CY2022 kref Payments For Interest Paid In Kind
PaymentsForInterestPaidInKind
1870000 usd
CY2021 kref Payments For Interest Paid In Kind
PaymentsForInterestPaidInKind
2094000 usd
CY2023 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
CY2022 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 usd
CY2021 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
5126000 usd
CY2023 kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
-1773000 usd
CY2022 kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
1312000 usd
CY2021 kref Increase Decreasein Equity Method Investments
IncreaseDecreaseinEquityMethodInvestments
3150000 usd
CY2023 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
175116000 usd
CY2022 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
112373000 usd
CY2021 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
-4059000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
8075000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
7835000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
7427000 usd
CY2023 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
1998000 usd
CY2022 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
23764000 usd
CY2021 us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-171000 usd
CY2023 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-244000 usd
CY2022 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-421000 usd
CY2021 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1112000 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
2350000 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
11232000 usd
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1246000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-619000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-898000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
621000 usd
CY2023 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
-154000 usd
CY2022 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
721000 usd
CY2021 us-gaap Increase Decrease In Due To Affiliates
IncreaseDecreaseInDueToAffiliates
806000 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
155715000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
141125000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
124793000 usd
CY2023 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
691346000 usd
CY2022 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
1244262000 usd
CY2021 us-gaap Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
2362442000 usd
CY2023 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
677287000 usd
CY2022 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
2419733000 usd
CY2021 us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
3904580000 usd
CY2023 kref Payments For Capital Expenditures Real Estate Owned
PaymentsForCapitalExpendituresRealEstateOwned
1860000 usd
CY2022 kref Payments For Capital Expenditures Real Estate Owned
PaymentsForCapitalExpendituresRealEstateOwned
1662000 usd
CY2021 kref Payments For Capital Expenditures Real Estate Owned
PaymentsForCapitalExpendituresRealEstateOwned
0 usd
CY2023 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1288000 usd
CY2022 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
0 usd
CY2021 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1302000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13487000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1177133000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1540836000 usd
CY2023 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
811119000 usd
CY2022 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
2483907000 usd
CY2021 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
3641991000 usd
CY2023 kref Proceeds From Issuance Of Collateralized Loan Obligation
ProceedsFromIssuanceOfCollateralizedLoanObligation
0 usd
CY2022 kref Proceeds From Issuance Of Collateralized Loan Obligation
ProceedsFromIssuanceOfCollateralizedLoanObligation
847500000 usd
CY2021 kref Proceeds From Issuance Of Collateralized Loan Obligation
ProceedsFromIssuanceOfCollateralizedLoanObligation
1095250000 usd
CY2023 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2022 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 usd
CY2021 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
52250000 usd
CY2023 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
194225000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
120711000 usd
CY2023 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
151167000 usd
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
167066000 usd
CY2023 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
323000 usd
CY2022 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
261000 usd
CY2021 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 usd
CY2023 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118854000 usd
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
115366000 usd
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
95680000 usd
CY2023 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
21304000 usd
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
21540000 usd
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
8266000 usd
CY2023 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
791254000 usd
CY2022 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2454599000 usd
CY2021 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2487673000 usd
CY2023 kref Principal Repayments On Borrowings Under Convertible Notes
PrincipalRepaymentsOnBorrowingsUnderConvertibleNotes
143750000 usd
CY2022 kref Principal Repayments On Borrowings Under Convertible Notes
PrincipalRepaymentsOnBorrowingsUnderConvertibleNotes
0 usd
CY2021 kref Principal Repayments On Borrowings Under Convertible Notes
PrincipalRepaymentsOnBorrowingsUnderConvertibleNotes
0 usd
CY2023 kref Repayments Of Collateralized Loan Obligations
RepaymentsOfCollateralizedLoanObligations
0 usd
CY2022 kref Repayments Of Collateralized Loan Obligations
RepaymentsOfCollateralizedLoanObligations
0 usd
CY2021 kref Repayments Of Collateralized Loan Obligations
RepaymentsOfCollateralizedLoanObligations
810000000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
5811000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
32870000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
24192000 usd
CY2023 kref Repayments Of Loan Participations
RepaymentsOfLoanParticipations
0 usd
CY2022 kref Repayments Of Loan Participations
RepaymentsOfLoanParticipations
0 usd
CY2021 kref Repayments Of Loan Participations
RepaymentsOfLoanParticipations
66248000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1384000 usd
CY2021 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
647000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
35786000 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1979000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2656000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5581000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-271510000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1012859000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1578981000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-102308000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-23149000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
162938000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250621000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148313000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250621000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273770000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
135898000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
239791000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
271487000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
12415000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10830000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2283000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
148313000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
250621000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
273770000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
430275000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
201007000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
95256000 usd
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
296000 usd
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
708000 usd
CY2021 us-gaap Income Taxes Paid
IncomeTaxesPaid
409000 usd
CY2023Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29805000 usd
CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
29711000 usd
CY2021Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
26561000 usd
CY2023 kref Real Estate Owned Assumption Of Real Estate
RealEstateOwnedAssumptionOfRealEstate
76461000 usd
CY2022 kref Real Estate Owned Assumption Of Real Estate
RealEstateOwnedAssumptionOfRealEstate
0 usd
CY2021 kref Real Estate Owned Assumption Of Real Estate
RealEstateOwnedAssumptionOfRealEstate
76960000 usd
CY2023 kref Other Assets Assumption Of Real Estate
OtherAssetsAssumptionOfRealEstate
24556000 usd
CY2022 kref Other Assets Assumption Of Real Estate
OtherAssetsAssumptionOfRealEstate
0 usd
CY2021 kref Other Assets Assumption Of Real Estate
OtherAssetsAssumptionOfRealEstate
4123000 usd
CY2023 kref Other Liabilities Assumption Of Real Estate
OtherLiabilitiesAssumptionOfRealEstate
15883000 usd
CY2022 kref Other Liabilities Assumption Of Real Estate
OtherLiabilitiesAssumptionOfRealEstate
0 usd
CY2021 kref Other Liabilities Assumption Of Real Estate
OtherLiabilitiesAssumptionOfRealEstate
3567000 usd
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
86422000 usd
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 usd
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
77516000 usd
CY2023 kref Loan Principal Payments Held By A Servicer
LoanPrincipalPaymentsHeldByAServicer
0 usd
CY2022 kref Loan Principal Payments Held By A Servicer
LoanPrincipalPaymentsHeldByAServicer
0 usd
CY2021 kref Loan Principal Payments Held By A Servicer
LoanPrincipalPaymentsHeldByAServicer
usd
CY2023 kref Loan Modification Accounted For New Loan
LoanModificationAccountedForNewLoan
199439000 usd
CY2022 kref Loan Modification Accounted For New Loan
LoanModificationAccountedForNewLoan
0 usd
CY2021 kref Loan Modification Accounted For New Loan
LoanModificationAccountedForNewLoan
0 usd
CY2022Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
2100000 usd
CY2022Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
4100000 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><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%">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%">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></div>
CY2023Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
60200000 usd
CY2022Q4 kref Debt Instrument Covenant Liquidity Required Cashand Cash Equivalents
DebtInstrumentCovenantLiquidityRequiredCashandCashEquivalents
54400000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
12400000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
10800000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
12400000 usd
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
10800000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
1100000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
2100000 usd
CY2023Q4 us-gaap Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
1800000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2022 kref Incremental Common Shares Potentially Attributable To Dilutive Effect Of Conversion Of Debt Securities
IncrementalCommonSharesPotentiallyAttributableToDilutiveEffectOfConversionOfDebtSecurities
6316174 shares
CY2021Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
6316733000 usd
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
22244000 usd
CY2021Q4 us-gaap Notes Receivable Net
NotesReceivableNet
6294489000 usd
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
2419733000 usd
CY2022 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
2419733000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1244262000 usd
CY2022 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1244262000 usd
CY2022 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-25064000 usd
CY2022 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-25064000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
1870000 usd
CY2022 us-gaap Paid In Kind Interest
PaidInKindInterest
1870000 usd
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
109730000 usd
CY2022 kref Financing Receivable Amortized Cost Writeoff
FinancingReceivableAmortizedCostWriteoff
-25000000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
25000000 usd
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
7494138000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
106974000 usd
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
7387164000 usd
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
876726000 usd
CY2023 us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
876726000 usd
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
890785000 usd
CY2023 srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
890785000 usd
CY2023 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-23597000 usd
CY2023 kref Mortgage Loanson Real Estate Amortizationof Premium Discount Net
MortgageLoansonRealEstateAmortizationofPremiumDiscountNet
-23597000 usd
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
177202000 usd
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
177202000 usd
CY2023 kref Financing Receivable Amortized Cost Writeoff
FinancingReceivableAmortizedCostWriteoff
-73706000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
73706000 usd
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
86422000 usd
CY2023 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
86422000 usd
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
7343548000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
210470000 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
7133078000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
58700000 usd
CY2023Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
15000000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
25000000 usd
CY2023Q4 kref Mortgage Loan On Real Estate Amortized Cost Loan Modification
MortgageLoanOnRealEstateAmortizedCostLoanModification
199400000 usd
CY2023Q4 kref Interest Collections On Loan Amortized Cost
InterestCollectionsOnLoanAmortizedCost
9800000 usd
CY2023 kref Prepayment Fee Income
PrepaymentFeeIncome
3000000 usd
CY2023 kref Net Accelerated Fees
NetAcceleratedFees
1900000 usd
CY2022 kref Prepayment Fee Income
PrepaymentFeeIncome
9600000 usd
CY2022 kref Net Accelerated Fees
NetAcceleratedFees
1800000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
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CY2022Q4 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
3.2
CY2023Q4 kref Weighted Average Loan Risk Rating
WeightedAverageLoanRiskRating
3.2
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
73706000 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
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
109730000 usd
CY2022 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
2643000 usd
CY2022 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
112373000 usd
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
25000000 usd
CY2022 kref Off Balance Sheet Credit Loss Liability Writeoff
OffBalanceSheetCreditLossLiabilityWriteoff
0 usd
CY2022 kref Allowance For Credit Loss Writeoff
AllowanceForCreditLossWriteoff
25000000 usd
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
CY2023 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
177202000 usd
CY2023 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
-2086000 usd
CY2023 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
175116000 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
73706000 usd
CY2023 kref Off Balance Sheet Credit Loss Liability Writeoff
OffBalanceSheetCreditLossLiabilityWriteoff
0 usd
CY2023 kref Allowance For Credit Loss Writeoff
AllowanceForCreditLossWriteoff
73706000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
210470000 usd
CY2023Q4 us-gaap Off Balance Sheet Credit Loss Liability
OffBalanceSheetCreditLossLiability
2052000 usd
CY2023Q4 kref Allowance For Credit Loss
AllowanceForCreditLoss
212522000 usd
CY2023Q4 kref Allowance For Credit Loss
AllowanceForCreditLoss
212500000 usd
CY2023 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
175100000 usd
CY2022Q4 kref Allowance For Credit Loss
AllowanceForCreditLoss
111100000 usd
CY2022 kref Credit Loss Expense Reversal
CreditLossExpenseReversal
112400000 usd
CY2023 us-gaap Proceeds From Real Estate And Real Estate Joint Ventures
ProceedsFromRealEstateAndRealEstateJointVentures
1300000 usd
CY2023 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
7038000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
7589000 usd
CY2023 kref Other Real Estate Operations Income
OtherRealEstateOperationsIncome
1507000 usd
CY2022 kref Other Real Estate Operations Income
OtherRealEstateOperationsIncome
1382000 usd
CY2023 kref Property Operating Revenue
PropertyOperatingRevenue
8545000 usd
CY2022 kref Property Operating Revenue
PropertyOperatingRevenue
8971000 usd
CY2023 kref Property Operating Expense
PropertyOperatingExpense
11190000 usd
CY2022Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.256
CY2022 kref Property Operating Expense
PropertyOperatingExpense
11113000 usd
CY2023 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
1722000 usd
CY2022 us-gaap Other Revenue Expense From Real Estate Operations
OtherRevenueExpenseFromRealEstateOperations
1382000 usd
CY2023 kref Income Loss From Real Estate Owned Operations
IncomeLossFromRealEstateOwnedOperations
-923000 usd
CY2022 kref Income Loss From Real Estate Owned Operations
IncomeLossFromRealEstateOwnedOperations
-760000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
67000 usd
CY2023 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
365000 usd
CY2022 us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
365000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
67000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Next Twelve Months
BelowMarketLeaseAmortizationIncomeNextTwelveMonths
365000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
67000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Two
BelowMarketLeaseAmortizationIncomeYearTwo
365000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
67000 usd
CY2023Q4 us-gaap Below Market Lease Amortization Income Year Three
BelowMarketLeaseAmortizationIncomeYearThree
365000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
11731000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
8030000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
6211000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
4618000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
3237000 usd
CY2023Q4 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
5067000 usd
CY2023Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.338
CY2022Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateral
0.315
CY2023Q4 kref Debt Instrument Average Haircut Weightedby Outstanding Face Amountof Collateral Percentageif Maximum Amountis Borrowed
DebtInstrumentAverageHaircutWeightedbyOutstandingFaceAmountofCollateralPercentageifMaximumAmountisBorrowed
0.322
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
245392000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
304892000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1798014000 usd
CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1345462000 usd
CY2023Q4 kref Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
100305000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3794066000 usd
CY2023 kref Debt Instrument Covenant Interest Incometo Interest Expense Ratio
DebtInstrumentCovenantInterestIncometoInterestExpenseRatio
1.4
CY2023 kref Debt Instrument Covenant Consolidated Tangible Net Worth Minimum Percentage Of Aggregate Cash Proceeds Made And Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthMinimumPercentageOfAggregateCashProceedsMadeAndCapitalContributionsReceived
0.750
CY2023 kref Debt Instrument Covenant Consolidated Tangible Net Worth Amountof Aggregate Cash Proceeds Madeand Capital Contributions Received
DebtInstrumentCovenantConsolidatedTangibleNetWorthAmountofAggregateCashProceedsMadeandCapitalContributionsReceived
1307700000 usd
CY2023 kref Debt Instrument Covenant Cash Liquidity Amount
DebtInstrumentCovenantCashLiquidityAmount
10000000 usd
CY2023 kref Debt Instrument Covenant Cash Liquidity Percentof Recourse Indebtedness
DebtInstrumentCovenantCashLiquidityPercentofRecourseIndebtedness
0.050
CY2023 kref Debt Instrument Covenant Total Indebtedness Percentof Total Assets
DebtInstrumentCovenantTotalIndebtednessPercentofTotalAssets
0.833
CY2023Q4 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.310
CY2022Q4 kref Collateral Assets Under Collateralized Loan Obligations As A Percentage Of Commercial Mortgage Loans
CollateralAssetsUnderCollateralizedLoanObligationsAsAPercentageOfCommercialMortgageLoans
0.284
CY2023Q4 kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
CY2022Q4 kref Percentage Of Collateralized Loan Obligations Under Floating Rate Loans
PercentageOfCollateralizedLoanObligationsUnderFloatingRateLoans
1
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
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CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
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CY2022Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
5985696 shares
CY2023 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
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CY2022 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
35800000 usd
CY2014Q4 kref Common Stockand Preferred Stock Shares Authorized
CommonStockandPreferredStockSharesAuthorized
350000000 shares
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
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CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
179000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-53919000 usd
CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-53919000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
15371000 usd
CY2023Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
100000000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2023Q1 us-gaap Dividends Common Stock
DividendsCommonStock
29711000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2023Q2 us-gaap Dividends Common Stock
DividendsCommonStock
29716000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2023Q3 us-gaap Dividends Common Stock
DividendsCommonStock
29716000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2023Q4 us-gaap Dividends Common Stock
DividendsCommonStock
29805000 usd
CY2023 us-gaap Dividends Common Stock
DividendsCommonStock
118948000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
29211000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
29951000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
29815000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.43
CY2022Q4 us-gaap Dividends Common Stock
DividendsCommonStock
29711000 usd
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
118688000 usd
CY2023 us-gaap Dividends Preferred Stock
DividendsPreferredStock
21304000 usd
CY2022 us-gaap Dividends Preferred Stock
DividendsPreferredStock
21304000 usd
CY2023 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y2M12D
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18209 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
171111 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
13043 shares
CY2022 kref Incremental Common Shares Potentially Attributable To Dilutive Effect Of Conversion Of Debt Securities
IncrementalCommonSharesPotentiallyAttributableToDilutiveEffectOfConversionOfDebtSecurities
6316174 shares
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-30851000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
38103000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
137183000 usd
CY2023 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
21304000 usd
CY2022 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
21304000 usd
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
11369000 usd
CY2023 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1764000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1428000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
15371000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
125635000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
125635000 usd
CY2023 kref Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic
WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic
69154447 shares
CY2022 kref Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic
WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic
67553578 shares
CY2021 kref Weighted Average Number Of Shares Outstanding Excluding Vested But Undistributed Restricted Stock Units Basic
WeightedAverageNumberOfSharesOutstandingExcludingVestedButUndistributedRestrictedStockUnitsBasic
56571200 shares
CY2023 kref Incremental Common Shares Attributable To Deferred Stock Units
IncrementalCommonSharesAttributableToDeferredStockUnits
25592 shares
CY2022 kref Incremental Common Shares Attributable To Deferred Stock Units
IncrementalCommonSharesAttributableToDeferredStockUnits
0 shares
CY2021 kref Incremental Common Shares Attributable To Deferred Stock Units
IncrementalCommonSharesAttributableToDeferredStockUnits
0 shares
CY2023 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2022 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
CY2021 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
212188 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69180039 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67553578 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
56783388 shares
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.22
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2022Q1 kref Number Of Times Interest Rates Increased
NumberOfTimesInterestRatesIncreased
11 time
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
210500000 usd
CY2023Q4 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
7133696000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
700000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
100000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
700000 usd
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
0 usd
CY2023Q4 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
63580000 usd
CY2023 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
233756000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-25085000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-19947000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26999000 usd
CY2023Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-12914000 usd
CY2023Q4 kref Common Stock Distributions Percentage Taxedas Ordinary Income
CommonStockDistributionsPercentageTaxedasOrdinaryIncome
0.915
CY2023Q4 kref Common Stock Distributions Percentage Taxed As Qualified Dividends
CommonStockDistributionsPercentageTaxedAsQualifiedDividends
0
CY2023Q4 kref Common Stock Distributions Percentage Taxedas Long Term Capital Gain
CommonStockDistributionsPercentageTaxedasLongTermCapitalGain
0
CY2023Q4 kref Common Stock Distributions Percentage Taxedas Returnof Capital
CommonStockDistributionsPercentageTaxedasReturnofCapital
0.085
CY2022Q4 kref Common Stock Distributions Percentage Taxedas Ordinary Income
CommonStockDistributionsPercentageTaxedasOrdinaryIncome
1.000
CY2022Q4 kref Common Stock Distributions Percentage Taxed As Qualified Dividends
CommonStockDistributionsPercentageTaxedAsQualifiedDividends
0
CY2022Q4 kref Common Stock Distributions Percentage Taxedas Long Term Capital Gain
CommonStockDistributionsPercentageTaxedasLongTermCapitalGain
0
CY2022Q4 kref Common Stock Distributions Percentage Taxedas Returnof Capital
CommonStockDistributionsPercentageTaxedasReturnofCapital
0
CY2021Q4 kref Common Stock Distributions Percentage Taxedas Ordinary Income
CommonStockDistributionsPercentageTaxedasOrdinaryIncome
0.991
CY2021Q4 kref Common Stock Distributions Percentage Taxed As Qualified Dividends
CommonStockDistributionsPercentageTaxedAsQualifiedDividends
0.012
CY2021Q4 kref Common Stock Distributions Percentage Taxedas Long Term Capital Gain
CommonStockDistributionsPercentageTaxedasLongTermCapitalGain
0.009
CY2021Q4 kref Common Stock Distributions Percentage Taxedas Returnof Capital
CommonStockDistributionsPercentageTaxedasReturnofCapital
0
CY2020Q4 kref Common Stock Distributions Percentage Taxedas Ordinary Income
CommonStockDistributionsPercentageTaxedasOrdinaryIncome
1.000
CY2020Q4 kref Common Stock Distributions Percentage Taxed As Qualified Dividends
CommonStockDistributionsPercentageTaxedAsQualifiedDividends
0.008
CY2020Q4 kref Common Stock Distributions Percentage Taxedas Long Term Capital Gain
CommonStockDistributionsPercentageTaxedasLongTermCapitalGain
0
CY2020Q4 kref Common Stock Distributions Percentage Taxedas Returnof Capital
CommonStockDistributionsPercentageTaxedasReturnofCapital
0
CY2023Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
152530000 usd
CY2023Q2 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
159629000 usd
CY2023Q3 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
163229000 usd
CY2023Q4 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
165024000 usd
CY2023 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
640412000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
105976000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
115677000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
118617000 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
118532000 usd
CY2023 us-gaap Interest Expense
InterestExpense
458802000 usd
CY2023Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
46554000 usd
CY2023Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
43952000 usd
CY2023Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
44612000 usd
CY2023Q4 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
46492000 usd
CY2023 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
181610000 usd
CY2023Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4610000 usd
CY2023Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
6972000 usd
CY2023Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
5443000 usd
CY2023Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4174000 usd
CY2023 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21199000 usd
CY2023Q1 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
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CY2023Q2 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
70871000 usd
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
23056000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-30947000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
169000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
177000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
165000 usd
CY2023Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
199000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
710000 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-25254000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-20124000 usd
CY2023Q3 us-gaap Profit Loss
ProfitLoss
26834000 usd
CY2023Q4 us-gaap Profit Loss
ProfitLoss
-13113000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-31657000 usd
CY2023Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-177000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-96000 usd
CY2023Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-307000 usd
CY2023Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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