KKR Real Estate Finance Trust Inc. KREF Income Statement

Kkr real estate finance trust inc. (KREF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Net Interest Income
Interest income
71,079	72,417	74,223	62,944	64,751	59,623	51,895	40,363	31,694	28,385	24,408	17,446	12,906	11,775	7,896	6,719	6,269
Interest expense
39,082	41,333	45,596	37,089	34,842	32,192	23,337	18,798	10,690	8,632	5,414	3,225	3,953	3,456	1,627	1,199	1,150
Total net interest income
31,997	31,084	28,627	25,855	29,909	27,431	28,558	21,565	21,004	19,753	18,994	14,221	8,953	8,319	6,269	5,520	5,119
Other Income
Income (loss) from equity method investments
-1,901	1,254	1,321	868	1,125	981	747	789	548	414	115	330	16	0	0	0	0
(Loss) gain on sale of investments
-	-	-429	0	-	-	0	13,000	-	-	0	0	-	-	-	-	-
Change in net assets related to CMBS consolidated variable interest entities
0	-2,330	-544	1,551	-342	-128	-379	6,408	-8,489	-3,035	-4,025	-4,175	-4,610	-5,501	-6,220	-5,824	2,084
Other income
360	447	853	671	482	201	476	602	161	352	177	275	164	79	64	18	61
Total other income (loss)
-1,541	1,772	2,289	-12	1,949	1,310	1,602	7,983	9,198	3,801	4,317	4,780	4,790	5,865	6,284	5,842	-2,023
Operating Expenses
General and administrative
3,767	2,676	2,704	2,781	2,361	1,810	1,653	1,686	2,663	1,682	1,339	963	952	522	548	716	484
Provision for credit losses, net
55,274	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Management fees to affiliate
4,299	4,280	4,280	4,288	4,287	4,330	4,164	3,913	3,939	-	-	-	2,036	1,846	1,621	1,329	1,138
Incentive compensation to affiliate
1,606	1,174	0	1,145	953	1,470	3,286	0	0	-	0	-	-	0	0	88	277
Total operating expenses
64,946	8,130	6,984	8,214	7,601	7,610	9,103	5,599	6,602	5,661	5,328	4,451	2,988	2,368	2,169	2,133	1,899
Income (Loss) Before Income Taxes, Preferred Dividends and Redemption Value Adjustment
-34,490	24,726	23,932	17,629	24,257	21,131	21,057	23,949	23,600	17,893	17,983	14,550	10,755	11,816	10,384	9,229	1,197
Income tax expense
100	213	77	280	0	-297	85	-33	175	712	120	146	122	140	71	72	71
Net Income (Loss)
-34,572	24,513	23,855	17,349	24,248	21,428	20,972	23,982	23,425	17,179	17,863	14,404	10,633	11,676	10,313	9,157	1,126
Redeemable Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture
-	0	0	0	-	0	0	29	34	82	54	34	46	54	87	80	81
Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture
-	0	-	-	-	0	-	-	-	0	377	214	210	212	210	207	184
Net Income (Loss) Attributable to KKR Real Estate Finance Trust Inc. and Subsidiaries
-	24,513	23,855	17,349	-	21,428	20,972	23,953	23,391	17,097	17,432	14,156	10,377	11,410	10,016	8,870	861
Preferred Stock Dividends and Redemption Value Adjustment
592	-276	238	-32	-457	1,719	151	470	111	63	93	75	13	4	4	4	4
Net Income (Loss) Available to Common Stockholders, Basic
-35,164	24,789	23,617	17,381	24,705	19,709	20,821	23,483	23,280	17,034	17,339	14,081	10,364	11,406	10,012	8,866	857
Earnings Per Share, Basic and Diluted [Abstract]
Earnings Per Share, Basic
-0.61	0.43	0.41	0.30	0.43	0.33	0.37	0.44	0.44	0.29	0.32	0.30	0.39	-	0.48	0.51	-
Earnings Per Share, Diluted
-0.61	0.43	0.41	0.30	0.43	0.33	0.37	0.44	0.44	0.29	0.32	0.30	0.39	-	0.48	0.51	-
Net Income (Loss) Per Share of Common Stock, Basic and Diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.06
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic
57,346	57,486	57,420	57,412	57,387	58,178	55,903	53,064	53,337	54,072	53,696	46,632	26,879	-	20,810	17,248	-
Weighted Average Number of Shares Outstanding, Diluted
57,346	57,595	57,549	57,507	57,477	58,253	55,921	53,069	53,378	54,075	53,697	46,633	26,879	-	20,810	17,248	-
Weighted Average Number of Shares Outstanding, Basic and Diluted (shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,911
Dividends Declared per Basic and Diluted Share of Common Stock (usd per share)
0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.43	0.40	0.37	0.37	0.53	0.35	0.26	0.26	0.34	0.36