Summary Quarterly Consolidated Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summary Quarterly Consolidated Financial Information (Unaudited)

The following tables summarize KREF's quarterly financial data which, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of KREF's results of operations for the years ended December 31, 2019 and 2018:



	2019
	Quarter Ended											Year Ended
	March 31			June 30			September 30		December 31			December 31, 2019
Net Interest Income
Interest income	$	64,751		$	62,944		$	74,223	$	72,417		$	274,335
Interest expense	34,842			37,089			45,596		41,333			158,860
Total net interest income	29,909			25,855			28,627		31,084			115,475
Other Income (Loss)	1,949			(12		)	2,289		1,772			5,998
Operating Expenses	7,601			8,214			6,984		8,130			30,929
Income (Loss) Before Income Taxes, Noncontrolling Interests and Preferred Dividends	24,257			17,629			23,932		24,726			90,544
Income tax expense (benefit)	9			280			77		213			579
Net Income (Loss)	24,248			17,349			23,855		24,513			89,965
Redeemable Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture	—			—			—		—			—
Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture	—			—			—		—			—
Net Income (Loss) Attributable to KKR Real Estate Finance Trust Inc. and Subsidiaries	24,248			17,349			23,855		24,513			89,965
Preferred Stock Dividends and Redemption Value Adjustment	(457		)	(32		)	238		(276		)	(527		)
Net Income (Loss) Attributable to Common Stockholders	$	24,705		$	17,381		$	23,617	$	24,789		$	90,492
Net Income (Loss) Per Share of Common Stock
Basic	$	0.43		$	0.30		$	0.41	$	0.43		$	1.58
Diluted	$	0.43		$	0.30		$	0.41	$	0.43		$	1.57
Weighted Average Number of Shares of Common Stock Outstanding
Basic	57,387,386			57,412,522			57,420,140		57,486,583			57,426,912
Diluted	57,477,234			57,507,219			57,549,066		57,595,424			57,532,490



	2018
	Quarter Ended										Year Ended December 31, 2018
	March 31		June 30			September 30		December 31			Year Ended December 31, 2018
Net Interest Income
Interest income	$	31,694	$	40,363		$	51,895	$	59,623		$	183,575
Interest expense	10,690		18,798			23,337		32,192			85,017
Total net interest income	21,004		21,565			28,558		27,431			98,558
Other Income (Loss)	9,198		7,983			1,602		1,310			20,093
Operating Expenses	6,602		5,599			9,103		7,610			28,914
Income (Loss) Before Income Taxes, Noncontrolling Interests and Preferred Dividends	23,600		23,949			21,057		21,131			89,737
Income tax expense	175		(33		)	85		(297		)	(70		)
Net Income (Loss)	23,425		23,982			20,972		21,428			89,807
Redeemable Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture	34		29			—		—			63
Noncontrolling Interests in Income (Loss) of Consolidated Joint Venture	—		—			—		—			—
Net Income (Loss) Attributable to KKR Real Estate Finance Trust Inc. and Subsidiaries	23,391		23,953			20,972		21,428			89,744
Preferred Stock Dividends and Redemption Value Adjustment	111		470			151		1,719			2,451
Net Income (Loss) Attributable to Common Stockholders	$	23,280	$	23,483		$	20,821	$	19,709		$	87,293
Net Income (Loss) Per Share of Common Stock, basic and diluted	$	0.44	$	0.44		$	0.37	$	0.34		$	1.58
Weighted Average Number of Shares of Common Stock Outstanding
Basic	53,337,915		53,064,585			55,903,126		58,178,944			55,136,548
Diluted	53,378,467		53,069,866			55,921,655		58,253,821			55,171,061