[
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "Find Reconciliation of Distributable Earnings (Loss) to Net Income (Loss) Attributable to Common Stockholders: Net Income (Loss) Attributable to Common Stockholders. Return three months ended March 31, 2025 value.",
    "gold_value": "$ (10,550)",
    "gold_cell_id": "t2-1-5",
    "chunk_id": "#/tables/2",
    "page": 3,
    "unit": "$ in thousands",
    "period": "Three Months Ended March 31, 2025",
    "style": "terse",
    "uniqueness_note": "The Non-GAAP reconciliation table is the only table in the document reporting net income (loss) attributable to common stockholders, and it carries three period columns; naming the three months ended March 31, 2025 selects the single dollar-amount cell in that column's Net Income (Loss) row, distinct from the per diluted share column beside it.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "In the reconciliation of Distributable Earnings to net income attributable to common stockholders, what were the diluted weighted average common shares outstanding for the three months ended March 31, 2026?",
    "gold_value": "64,673,125",
    "gold_cell_id": "t2-12-1",
    "chunk_id": "#/tables/2",
    "page": 3,
    "unit": "shares",
    "period": "Three Months Ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Diluted weighted average common shares outstanding appears only in the Non-GAAP reconciliation table, on one row with three period columns; specifying the three months ended March 31, 2026 picks a single share count that is different from the December 31, 2025 and March 31, 2025 figures.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "Find Non-GAAP reconciliation: Distributable Earnings (Loss) per diluted share. Return three months ended March 31, 2026 value.",
    "gold_value": "$ (0.06)",
    "gold_cell_id": "t2-11-2",
    "chunk_id": "#/tables/2",
    "page": 3,
    "unit": "$ per diluted share",
    "period": "Three Months Ended March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Only the Non-GAAP reconciliation table reports Distributable Earnings (Loss), and the per diluted share column for the three months ended March 31, 2026 has one cell on that row. It is distinct from the same quarter's dollar amount and from the separate Distributable Earnings before realized losses row above it.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "According to the Portfolio Summary, what was the total net equity across all investments as of the reporting date?",
    "gold_value": "$ 2,038.5",
    "gold_cell_id": "t1-5-4",
    "chunk_id": "#/tables/1",
    "page": 2,
    "unit": "$ in millions",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Net Equity is a column only in the Portfolio Summary table, and only the Total/Weighted Average row aggregates it; the other Net Equity cells are the individual senior loan, real estate, CMBS and other investment lines.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "Find Portfolio Summary: Senior Loans outstanding principal / investment amount. Return the reported value.",
    "gold_value": "$ 5,118.9",
    "gold_cell_id": "t1-1-2",
    "chunk_id": "#/tables/1",
    "page": 2,
    "unit": "$ in millions",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Outstanding Principal / Investment Amount is a column unique to the Portfolio Summary table, and the Senior Loans row intersects it once. It differs from the committed amount and carrying value in the same row and from the total row below.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "value",
    "question": "What was the committed principal amount of the UK industrial senior loan that the Company originated in March 2026?",
    "gold_value": "$ 184,130",
    "gold_cell_id": "t0-1-3",
    "chunk_id": "#/tables/0",
    "page": 2,
    "unit": "$ in thousands",
    "period": "First Quarter 2026",
    "style": "natural",
    "uniqueness_note": "The First Quarter 2026 Loan Originations table lists a single originated loan, so only one committed principal amount is reported for it; the total row restates that same single figure rather than introducing a second one, and the Portfolio Summary reports committed amounts only in millions at the portfolio level.",
    "occurrences_in_document": 2
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "prose",
    "question": "Which reconciling items moved the Company from positive Distributable Earnings in the fourth quarter of 2025 to a Distributable Loss in the first quarter of 2026, and how did they interact with the deeper GAAP net loss reported for the quarter?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "Answering requires comparing several adjustment lines across two period columns \u2014 the credit loss provision, the realized loan write-off, and the offsetting foreign currency items \u2014 and explaining their combined effect. No single printed cell states the drivers or their interaction."
  },
  {
    "slug": "kref-q1-26-earnings-release",
    "kind": "prose",
    "question": "How does the Company define Net Equity in its Portfolio Summary, and how does that definition differ in treatment across senior loans, real estate assets, CMBS investments, and equity method investments?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer is a definitional explanation drawn from footnote text covering four different measurement bases, not a figure. Any number in the Net Equity column is a result of the definition, not the definition itself."
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "Find Consolidated Balance Sheets: Credit facilities. Return March 31, 2026 value",
    "gold_value": "772,327",
    "gold_cell_id": "t2-15-1",
    "chunk_id": "#/tables/2",
    "page": 4,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Credit facilities appears once as a liability line on the consolidated balance sheet, and the March 31, 2026 column gives one figure. The only other credit facilities balance in the document is the VIE-only supplemental balance sheet (45,145), which is a different table and is excluded by naming the consolidated balance sheet.",
    "occurrences_in_document": 9
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "On the supplemental balance sheet of the consolidated securitization vehicles and real estate VIEs, what were total assets as of March 31, 2026?",
    "gold_value": "$ 1,816,908",
    "gold_cell_id": "t3-9-1",
    "chunk_id": "#/tables/3",
    "page": 5,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Only the VIE supplemental balance sheet reports a total assets figure for the consolidated variable interest entities. The consolidated total assets figure at the same date sits in a different, explicitly named table, so naming the VIE table pins a single cell.",
    "occurrences_in_document": 1
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "Find Statement of Operations: Weighted average shares of common stock outstanding - basic. Return three months ended March 31, 2026 value",
    "gold_value": "125,934",
    "gold_cell_id": "t4-27-1",
    "chunk_id": "#/tables/4",
    "page": 6,
    "unit": "thousands of shares",
    "period": "Three months ended March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Basic weighted average share count is reported only on the consolidated statement of operations, and only two columns exist there. Specifying basic (not diluted) and the 2026 quarter leaves exactly one cell; no other table in the document repeats this figure.",
    "occurrences_in_document": 2
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "How much cash did BrightSpire pay out as distributions on common stock in the financing activities section of the cash flow statement for the three months ended March 31, 2026?",
    "gold_value": "(21,914)",
    "gold_cell_id": "t7-28-1",
    "chunk_id": "#/tables/7",
    "page": 9,
    "unit": "USD thousands",
    "period": "Three months ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Distributions paid on common stock is a single financing-activities line in the cash flow statement with one 2026 column. It is distinct from dividends declared in the statement of equity and from the dividends payable balance, both of which are different amounts in different tables.",
    "occurrences_in_document": 1
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "Find Loans and Preferred Equity Held for Investment: securitized loans weighted average coupon. Return March 31, 2026 value",
    "gold_value": "6.7 %",
    "gold_cell_id": "t11-3-3",
    "chunk_id": "#/tables/11",
    "page": 21,
    "unit": "percent",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The loan portfolio table gives one weighted average coupon per loan category per date. The securitized loans row at March 31, 2026 carries a coupon that appears nowhere else in the table or the document; the December 31, 2025 securitized coupon is a different value.",
    "occurrences_in_document": 1
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "value",
    "question": "In the aging summary of loans held for investment, what was the carrying value before CECL reserve of loans 90 days or more past due at March 31, 2026?",
    "gold_value": "$ 46,425",
    "gold_cell_id": "t13-1-4",
    "chunk_id": "#/tables/13",
    "page": 23,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "The aging table has one 90-days-or-more past due cell for the March 31, 2026 row. The mezzanine loan balance in the portfolio table shows the same digits but without the dollar sign and under a different line item, and naming the aging summary and the past-due bucket selects a single cell.",
    "occurrences_in_document": 4
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "prose",
    "question": "How did the funding mix of BrightSpire's borrowings shift between December 31, 2025 and March 31, 2026, and what does the cash flow statement show about how that shift was executed during the quarter?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "Answering requires comparing several liability lines on the balance sheet against several financing-activity lines in the cash flow statement and describing the substitution of one funding source for another. No single printed cell states the shift."
  },
  {
    "slug": "brsp-q126-10q",
    "kind": "prose",
    "question": "What do the disclosures say about the loans that were on nonaccrual status at each reported date, including how those situations arose and how they were subsequently resolved?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer lives in narrative footnotes describing multiple loans, the dates they were placed on nonaccrual, their property types, and post-period resolutions. It is a multi-part explanation, not a figure."
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "Find Balance Sheet: adjusted book value per common share. Return Q1 2026 value.",
    "gold_value": "14.90",
    "gold_cell_id": "t1-8-2",
    "chunk_id": "#/tables/1",
    "page": 5,
    "unit": "USD per share",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The Balance Sheet table on page 5 is the only table reporting per-share book value, and it carries two distinct lines: 'Book value per common share' (14.47) and 'Adjusted book value per common share' (14.90). Naming the adjusted line pins the single cell t1-8-2.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "In the Income Statement for the three months ended March 31, 2026, what was net income?",
    "gold_value": "$ 4,385",
    "gold_cell_id": "t0-5-1",
    "chunk_id": "#/tables/0",
    "page": 5,
    "unit": "USD thousands",
    "period": "Three Months Ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Only one table in the document is an income statement, it has a single period column (Three Months Ended March 31, 2026), and 'Net income' appears as a line item exactly once across the whole file.",
    "occurrences_in_document": 3
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "Find Loan Portfolio Summary: weighted average All In Yield, As of March 31, 2026 column. Return the value.",
    "gold_value": "7.84%",
    "gold_cell_id": "t3-7-2",
    "chunk_id": "#/tables/3",
    "page": 7,
    "unit": "percent",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The Loan Portfolio Summary table has two columns, First Quarter Originations (8.02%) and As of March 31, 2026 (7.84%). Naming the as-of column selects one cell. The per-loan All in Yield figures in the loan detail schedules are quoted as spreads over S, not as an aggregate percentage.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "In the Secured Financing Facilities table as of March 31, 2026, what was total unused capacity across all facilities in the Total/Weighted Average column?",
    "gold_value": "397,531",
    "gold_cell_id": "t9-4-10",
    "chunk_id": "#/tables/9",
    "page": 12,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "'Unused capacity' appears as a row only in the Secured Financing Facilities table, and the Total/Weighted Average column holds one aggregate value; the other cells in that row are the four individual lender columns (UBS, Citibank, BMO, Wells Fargo).",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "Find First Quarter 2026 Loan Portfolio Activity: principal balance, Q4 2025 Loan Portfolio column. Return the value.",
    "gold_value": "$687.6",
    "gold_cell_id": "t17-3-1",
    "chunk_id": "#/tables/17",
    "page": 7,
    "unit": "USD millions",
    "period": "Q4 2025",
    "style": "terse",
    "uniqueness_note": "The loan portfolio activity roll-forward on page 7 is the only table reporting a Q4 2025 beginning principal balance; every other principal balance in the document is either an as-of March 31, 2026 figure or a per-loan or per-facility amount.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "value",
    "question": "In the Loan Investment Details schedule of first mortgage loans as of March 31, 2026, what was the outstanding principal balance on the Palm Desert, CA retail loan?",
    "gold_value": "15,190",
    "gold_cell_id": "t11-8-5",
    "chunk_id": "#/tables/11",
    "page": 16,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Only one loan in the schedule is located in Palm Desert, CA (loan 22, retail), and its Principal Balance column holds a single value. The new-origination table on page 8 reports only its commitment ($19.5 million), not a principal balance, so no other cell answers this.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "prose",
    "question": "How does the presentation characterize the credit quality of SEVN's office loan exposure, and what mitigating factors does it cite for the loans carrying a risk rating of 4?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer is a qualitative summary drawn from many bullets in the office risk rating table -- leased occupancy levels, weighted average lease terms, class and market of each property, and sponsor equity contributions -- plus how those loans split between risk ratings 3 and 4. No single printed figure captures it."
  },
  {
    "slug": "sevn-q1-2026-aarnings-pres",
    "kind": "prose",
    "question": "Compare the three loans SEVN originated during the first quarter of 2026: how do they differ in collateral type, market, size, pricing spread, and maturity?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "This requires reading across an entire multi-column table and describing the differences among three separate loans on five dimensions. Any single cell answers only one attribute of one loan, so the response has to be a comparative narrative."
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "Find Securities Portfolio Key Metrics: securities portfolio assets. Return the value.",
    "gold_value": "$2,074M",
    "gold_cell_id": "t9-1-1",
    "chunk_id": "#/tables/9",
    "page": 15,
    "unit": "USD millions",
    "period": "As presented in the deck (current portfolio snapshot)",
    "style": "terse",
    "uniqueness_note": "Only the Securities Portfolio Key Metrics table on page 15 states the securities portfolio asset balance in dollars; the page 6 overview shows an approximate ($2.1B) bubble for CRE Securities but no line item labeled 'Securities portfolio assets', so exactly one cell answers this.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "Find CRE Equity Portfolio Key Metrics: net equity invested. Return the value.",
    "gold_value": "$663M",
    "gold_cell_id": "t6-2-1",
    "chunk_id": "#/tables/6",
    "page": 13,
    "unit": "USD millions",
    "period": "As presented in the deck (current portfolio snapshot)",
    "style": "terse",
    "uniqueness_note": "'Net equity invested' appears as a line item only in the CRE Equity Portfolio Key Metrics table on page 13; the other CRE equity figures in that table are gross asset value, square feet and NOI, and no other table in the document reports net equity invested.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "Find Bondholder attachment point comparison, Ladder column: illustrative loan investment LTV. Return the value.",
    "gold_value": "65%",
    "gold_cell_id": "t4-0-1",
    "chunk_id": "#/tables/4",
    "page": 10,
    "unit": "percent",
    "period": "Illustrative, as presented",
    "style": "terse",
    "uniqueness_note": "The page 10 comparison has one Ladder-side table with a single 'Illustrative Loan Investment LTV' cell; the parallel Equity REIT table on the same page shows 'n/a' for that line, so only one figure answers this question.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "In the net lease portfolio summary on the CRE equity page, how many properties are reported?",
    "gold_value": "149",
    "gold_cell_id": "t7-1-1",
    "chunk_id": "#/tables/7",
    "page": 13,
    "unit": "properties (count)",
    "period": "As presented in the deck (current portfolio snapshot)",
    "style": "natural",
    "uniqueness_note": "Only the Net Lease Portfolio table on page 13 reports a property count; the CRE equity sales table on page 14 reports numbers of property sales by year, which is a different line item, so exactly one cell gives the number of net lease properties held.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "In the CRE equity sales table covering sales since 2020, what were the total net sales proceeds for properties sold in 2022, excluding REO assets?",
    "gold_value": "$311",
    "gold_cell_id": "t8-5-2",
    "chunk_id": "#/tables/8",
    "page": 14,
    "unit": "USD millions",
    "period": "FY 2022",
    "style": "natural",
    "uniqueness_note": "The CRE equity sales table is the only table with net sales proceeds by year, and the 2022 row in the 'Excl. REO Assets' section has a single Total Net Sales Proceeds cell, distinct from the 2022 undepreciated carrying value and from the total and REO rows.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "value",
    "question": "For the July 2025 unsecured bond issuance shown in the bond issuance history, what was the total GAAP leverage ratio at the time of issuance?",
    "gold_value": "2.1x",
    "gold_cell_id": "t28-2-8",
    "chunk_id": "#/tables/28",
    "page": 18,
    "unit": "ratio (turns of debt to equity)",
    "period": "Jul. 2025 issuance",
    "style": "natural",
    "uniqueness_note": "The bond issuance history table on page 18 has one Total GAAP Leverage Ratio row with one cell per issuance date, and the July 2025 column is the only one for that date; the adjusted leverage ratio row for the same column is a separately labeled measure.",
    "occurrences_in_document": 1
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "prose",
    "question": "How does the deck differentiate Ladder from equity REITs and from mortgage REITs? Summarize the differences it claims across management structure, insider ownership, liability structure and leverage.",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer spans eight comparison rows and three columns of largely descriptive text, so it requires a synthesized explanation of stated positioning rather than any single printed figure."
  },
  {
    "slug": "ladr-2026-investor-pres-charted",
    "kind": "prose",
    "question": "What characteristics of the office loan portfolio does the presentation highlight to argue that this exposure is lower risk, and why does the deck say those characteristics matter?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The office page lists several distinct attributes and the reasoning tying them to credit quality; answering requires assembling the stated drivers and their rationale, which no one cell contains."
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "Find Balance Sheet Overview: Summary of Changes to Book Value per Share. Return the Book Value - March '26 value.",
    "gold_value": "$29.98",
    "gold_cell_id": "t0-2-6",
    "chunk_id": "#/tables/0",
    "page": 6,
    "unit": "USD per share",
    "period": "March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The book value per share walk on page 6 states an ending book value only once. The other figures on that row are the December 2025 starting book value of $30.01 and the three per-share change components. No other table in the document reports a book value per share.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "Find W.A. Risk Rating by Collateral Type: Office. Return 1Q26 $ at par.",
    "gold_value": "$241.4M",
    "gold_cell_id": "t2-2-4",
    "chunk_id": "#/tables/2",
    "page": 9,
    "unit": "USD millions",
    "period": "1Q26",
    "style": "terse",
    "uniqueness_note": "The collateral-type table carries one 4Q25 par balance and one 1Q26 par balance per collateral type. Naming Office and the 1Q26 column selects a single cell; the 4Q25 Office balance is a different figure and no other table breaks the portfolio out by collateral type.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "Find Capitalization Overview: Total Capitalization ($ in Millions). Return 1Q26 value.",
    "gold_value": "$2,419.6",
    "gold_cell_id": "t5-1-1",
    "chunk_id": "#/tables/5",
    "page": 11,
    "unit": "USD millions",
    "period": "March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Total capitalization stated in millions appears once, in the capitalization overview table on page 11. The balance sheet overview on page 6 shows only a rounded $2.4B capitalization label inside the pie chart, not a figure in millions.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "On the consolidated balance sheet, what was Total Stockholders' Equity as of March 31, 2026?",
    "gold_value": "420,638",
    "gold_cell_id": "t9-33-1",
    "chunk_id": "#/tables/9",
    "page": 15,
    "unit": "USD thousands",
    "period": "March 31, 2026",
    "style": "natural",
    "uniqueness_note": "The consolidated balance sheet presents Total Stockholders' Equity for two dates; the December 31, 2025 column shows 420,796. Total Equity including non-controlling interests is a separate line (554,923), so the March 31, 2026 stockholders' equity line is a single cell.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "What was net income for the three months ended March 31, 2026 in the consolidated statements of operations?",
    "gold_value": "$ 7,528",
    "gold_cell_id": "t10-23-1",
    "chunk_id": "#/tables/10",
    "page": 16,
    "unit": "USD thousands",
    "period": "Three months ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "The statements of operations report Net Income (Loss) for two comparative quarters; the March 31, 2025 column is a loss of (730). Income before taxes (7,529) and net loss allocable to common shares (1,023) are separate lines, so only one cell answers for the 2026 quarter's net income.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "value",
    "question": "In the Earnings Available for Distribution reconciliation, what was EAD per common share on a diluted basis for the three months ended March 31, 2026?",
    "gold_value": "$ 0.02",
    "gold_cell_id": "t11-10-1",
    "chunk_id": "#/tables/11",
    "page": 17,
    "unit": "USD per share",
    "period": "Three months ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "The EAD reconciliation states diluted EAD per common share once per period; the March 31, 2025 column shows (0.86). GAAP diluted loss per share of (0.16) is reported in a different statement, so the 2026 quarter's EAD per share is a single cell.",
    "occurrences_in_document": 1
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "prose",
    "question": "What accounted for the change in book value per share between December 31, 2025 and March 31, 2026, and how did the individual components work against each other?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer requires naming and interpreting three separate per-share movements (net loss, other comprehensive income, equity compensation and vested shares) and explaining how they net out. No single printed cell states the explanation."
  },
  {
    "slug": "acr-1q2026-earnings-presentation-final-charted",
    "kind": "prose",
    "question": "How does the company define its commercial real estate loan risk ratings, and what distinguishes a Rating 4 loan from a Rating 5 loan?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The risk rating definitions are narrative criteria about property performance, covenant compliance, occupancy and appraisal requirements. Answering requires comparing two multi-sentence definitions, not retrieving a figure."
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "Find Balance Sheet: Secured financing facilities, net. Return March 31, 2026 value",
    "gold_value": "465,817",
    "gold_cell_id": "t2-13-1",
    "chunk_id": "#/tables/2",
    "page": 3,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The condensed consolidated balance sheet is the only table in the document with a 'Secured financing facilities, net' line, and it shows two columns; naming March 31, 2026 selects the single left-hand figure. The value appears in exactly one cell in the file.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "Find loan portfolio statistics: weighted average all in yield. Return the as of March 31, 2026 value",
    "gold_value": "7.84%",
    "gold_cell_id": "t6-7-1",
    "chunk_id": "#/tables/6",
    "page": 7,
    "unit": "percent",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Only the Note 3 loan portfolio statistics table reports a 'Weighted average all in yield' line, with columns for March 31, 2026 and December 31, 2025; naming the as-of date picks one of the two, and no other cell in the document holds this figure.",
    "occurrences_in_document": 2
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "Find allowance for credit losses rollforward: unfunded loan commitments balance. Return March 31, 2026 value",
    "gold_value": "219",
    "gold_cell_id": "t13-3-4",
    "chunk_id": "#/tables/13",
    "page": 10,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Only one table rolls the allowance for credit losses forward, and only its 'Unfunded Loan Commitments' column has an ending balance at March 31, 2026. The loans-held-for-investment and total columns carry different figures, so the row plus column pins a single cell.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "In the condensed consolidated statements of operations, what were weighted average common shares outstanding, basic and diluted, for the three months ended March 31, 2026?",
    "gold_value": "22,398",
    "gold_cell_id": "t3-19-2",
    "chunk_id": "#/tables/3",
    "page": 4,
    "unit": "thousands of shares",
    "period": "Three months ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Weighted average shares outstanding is reported only in the statement of operations, which shows the 2026 and 2025 quarters side by side; naming the three months ended March 31, 2026 selects one figure. Share counts elsewhere in the document are period-end balances, not weighted averages.",
    "occurrences_in_document": 4
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "In the condensed consolidated statements of shareholders' equity, what was the total shareholders' equity balance at March 31, 2025?",
    "gold_value": "268,945",
    "gold_cell_id": "t4-13-11",
    "chunk_id": "#/tables/4",
    "page": 5,
    "unit": "USD thousands",
    "period": "As of March 31, 2025",
    "style": "natural",
    "uniqueness_note": "The shareholders' equity statement is the only table with a prior-year rollforward ending at March 31, 2025, and the Total column has one balance row for that date. The balance sheet reports equity only at March 31, 2026 and December 31, 2025, so no other cell answers this.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "value",
    "question": "In the note that breaks the loan portfolio down by property type, what was the amortized cost of student housing loans as of March 31, 2026?",
    "gold_value": "116,680",
    "gold_cell_id": "t9-3-2",
    "chunk_id": "#/tables/9",
    "page": 8,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Student housing appears only in the property type concentration table, which reports amortized cost at March 31, 2026 and December 31, 2025; naming the as-of date and the amortized cost column pins one cell. The geographic location table uses regions, not property types.",
    "occurrences_in_document": 1
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "prose",
    "question": "Cash and cash equivalents fell during the first quarter of 2026. Walk through what drove that decline across operating, investing and financing activities.",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "Answering requires narrating several cash flow lines together \u2014 loan originations and additional fundings against a repayment, proceeds versus repayments on the secured financing facilities, deferred financing costs and distributions \u2014 and explaining how they net out. No single printed figure conveys the drivers."
  },
  {
    "slug": "sevn-q126-10q",
    "kind": "prose",
    "question": "How did the composition of the loan portfolio change between December 31, 2025 and March 31, 2026, both by property type and by risk rating?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "This calls for a comparison across many rows in two different tables \u2014 which property categories gained loans and amortized cost, how the concentration percentages shifted, and how loans moved among risk rating buckets \u2014 which is a summary, not a lookup of one cell."
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "Find Condensed Consolidated Balance Sheets: Total Liabilities. Return March 31, 2026 value",
    "gold_value": "5,797,207",
    "gold_cell_id": "t2-23-1",
    "chunk_id": "#/tables/2",
    "page": 5,
    "unit": "USD thousands",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "Total Liabilities is reported only in the Condensed Consolidated Balance Sheets, which carries two columns (March 31, 2026 and December 31, 2025). Naming the March 31, 2026 column pins one cell, and the string 5,797,207 occurs exactly once in the document.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "In the Condensed Consolidated Statements of Income, what was net income (loss) attributable to common stockholders for the three months ended March 31, 2026?",
    "gold_value": "$ (61,881)",
    "gold_cell_id": "t3-26-1",
    "chunk_id": "#/tables/3",
    "page": 6,
    "unit": "USD thousands",
    "period": "Three Months Ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Only the income statement reports the line 'Net Income (Loss) Attributable to Common Stockholders', and it has just two period columns. Specifying the three months ended March 31, 2026 selects one cell; the prior-year column is $ (10,550).",
    "occurrences_in_document": 6
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "Find Statement of Changes in Equity: common stock shares. Return balance at March 31, 2026",
    "gold_value": "64,275,643",
    "gold_cell_id": "t4-10-3",
    "chunk_id": "#/tables/4",
    "page": 7,
    "unit": "shares",
    "period": "Balance at March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The Condensed Consolidated Statements of Changes in Equity roll forward common stock share counts, and only the closing 'Balance at March 31, 2026' row carries the period-end count. The Q1 2025 rollforward table ends at March 31, 2025 (67,824,496), so no other value cell answers this.",
    "occurrences_in_document": 2
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "According to the Condensed Consolidated Statements of Cash Flows, how much did the company receive in proceeds from principal repayments of commercial real estate loans during the three months ended March 31, 2026?",
    "gold_value": "489,651",
    "gold_cell_id": "t6-23-1",
    "chunk_id": "#/tables/6",
    "page": 8,
    "unit": "USD thousands",
    "period": "Three Months Ended March 31, 2026",
    "style": "natural",
    "uniqueness_note": "This investing-activities line appears only in the cash flow statement, which has two period columns; the 2026 column is the sole match. The loan rollforward table's repayments figure is a different line ('Proceeds from loan repayments', 478,263), so 489,651 occurs once in the document.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "Find Loan Portfolio Summary: Total/Weighted Average life (years). Return March 31, 2026 value",
    "gold_value": "1.7",
    "gold_cell_id": "t8-6-7",
    "chunk_id": "#/tables/8",
    "page": 20,
    "unit": "years",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The loan summary table reports weighted average life only in its 'Life (Years)' column, and only the March 31, 2026 'Total/Weighted Average' row carries the portfolio-level figure. The individual loan rows and the December 31, 2025 section show 1.8 or a dash, so 1.7 appears once.",
    "occurrences_in_document": 7
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "value",
    "question": "In the allowance for credit losses rollforward, what was the closing balance attributable to unfunded loan commitments at March 31, 2026?",
    "gold_value": "$ 1,655",
    "gold_cell_id": "t13-5-2",
    "chunk_id": "#/tables/13",
    "page": 22,
    "unit": "USD thousands",
    "period": "Balance at March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Only the allowance rollforward table splits the reserve into commercial real estate loans, unfunded loan commitments, and total. The unfunded-commitments column's ending balance row is a single cell, and 1,655 appears nowhere else in the document.",
    "occurrences_in_document": 1
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "prose",
    "question": "What does the filing give as the reason for the increase in the allowance for credit losses during the first quarter of 2026?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "The answer is a stated cause, not a figure: the document attributes the CECL provision to additional reserves on specific risk-rated 5 office and life science loans. Naming a dollar amount would not answer the question of why the reserve rose."
  },
  {
    "slug": "kref-q1-26-10-q",
    "kind": "prose",
    "question": "How did the risk-rating composition of the commercial real estate loan portfolio change between December 31, 2025 and March 31, 2026?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "This requires comparing loan counts, carrying values, and outstanding principal percentages across five risk-rating buckets at two dates and summarizing the migration. No single cell captures the shift."
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "Find Q1 2026 Balance Sheet Summary: Book Value Per Share of Common Stock. Return the 3/31/2026 value.",
    "gold_value": "$2.97",
    "gold_cell_id": "t0-15-1",
    "chunk_id": "#/tables/0",
    "page": 5,
    "unit": "USD per common share",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The Q1 2026 Balance Sheet Summary table on page 5 has a single Book Value Per Share of Common Stock line with one March 31, 2026 column, and no other table in the file reports a per-share book value; the consolidated balance sheet reports only total equity in dollars.",
    "occurrences_in_document": 2
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "Find Consolidated Statement of Income: net interest income. Return the three months ended March 31, 2025 value.",
    "gold_value": "7,734,534",
    "gold_cell_id": "t15-9-2",
    "chunk_id": "#/tables/15",
    "page": 17,
    "unit": "USD",
    "period": "Three months ended March 31, 2025",
    "style": "terse",
    "uniqueness_note": "The consolidated statement of income on page 17 has one net interest income row with two period columns, and naming the prior-year quarter selects the March 31, 2025 column; the Summary Income Statement on page 6 shows only the March 31, 2026 quarter, so no other cell reports Q1 2025 net interest income.",
    "occurrences_in_document": 1
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "Find Floating-Rate Exposure: Net Exposure on assets. Return the 3/31/2026 value.",
    "gold_value": "$195",
    "gold_cell_id": "t4-1-2",
    "chunk_id": "#/tables/4",
    "page": 12,
    "unit": "USD millions",
    "period": "As of March 31, 2026",
    "style": "terse",
    "uniqueness_note": "The Floating-Rate Exposure table on page 12 has a single populated Net Exposure cell, on the Assets row; the Liabilities row's Net Exposure cell is blank, and no other table in the file reports a net floating-rate exposure figure.",
    "occurrences_in_document": 1
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "In the Capital Structure Detail table, what is the total capitalization amount reported as of the first quarter of 2026?",
    "gold_value": "$1,201.7",
    "gold_cell_id": "t3-10-4",
    "chunk_id": "#/tables/3",
    "page": 11,
    "unit": "USD millions",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Total Capitalization appears once, as the final row of the Capital Structure Detail table on page 11, in the Amount column; it is a non-GAAP measure that no other table in the file restates, and the neighboring totals are Total Debt and Book Value of Common Equity, which are different line items.",
    "occurrences_in_document": 1
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "On the consolidated balance sheets, what were total assets as of December 31, 2025?",
    "gold_value": "$ 1,215,980,159",
    "gold_cell_id": "t14-14-2",
    "chunk_id": "#/tables/14",
    "page": 16,
    "unit": "USD",
    "period": "As of December 31, 2025",
    "style": "natural",
    "uniqueness_note": "The consolidated balance sheets on page 16 report one total assets row across two as-of columns, and naming December 31, 2025 selects the prior year-end column; the summary balance sheet on page 5 shows only the March 31, 2026 column, so this is the only December 31, 2025 total assets figure in the file.",
    "occurrences_in_document": 2
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "value",
    "question": "In the 3/31/2026 CRE Loan Portfolio Details table, what is the unpaid principal balance of Loan 36, the healthcare property in Southlake, TX?",
    "gold_value": "15,735,000",
    "gold_cell_id": "t7-6-7",
    "chunk_id": "#/tables/7",
    "page": 15,
    "unit": "USD",
    "period": "As of March 31, 2026",
    "style": "natural",
    "uniqueness_note": "Loan 36 appears on exactly one row of the loan-level portfolio detail table, and that row has a single Unpaid Principal Balance cell; the loan is further pinned by being the only healthcare-property loan in Southlake, TX in the listing.",
    "occurrences_in_document": 1
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "prose",
    "question": "How did the Company's debt financing mix change between December 31, 2025 and March 31, 2026, and what transactions does the supplemental cite as the reason for the shift?",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "Answering requires comparing three separate liability balances across two balance sheet columns and then tying the movement to the narrative about redeeming the LMF 2023-1 financing and refinancing assets through secured financing arrangements. No single printed cell states either the change or its cause."
  },
  {
    "slug": "lft-2026q1-supplemental-charted",
    "kind": "prose",
    "question": "Summarize the credit profile of the loan portfolio as of March 31, 2026, covering collateral concentration, risk ratings, and how much of the book is nearest to maturity.",
    "gold_value": null,
    "gold_cell_id": null,
    "why_prose": "This is a multi-item synthesis drawing on the multifamily concentration percentage, the weighted average risk rating and the share rated 3 or better, and the weighted average remaining initial term plus the loan-level maturity dates. It is a qualitative characterization, not a lookup of one figure."
  }
]