KKR Real Estate Finance Trust Inc. (KREFPA) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
30 HUDSON YARDS NEW YORK, NY 10001 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 104,933 | 135,898 | 239,791 | 271,487 | 110,832 | 67,619 | |||
| Cash and cash equivalent | 104,933 | 135,898 | 239,791 | 271,487 | 110,832 | 67,619 | |||
| Total current assets: | 104,933 | 135,898 | 239,791 | 271,487 | 110,832 | 67,619 | |||
| Noncurrent Assets | |||||||||
| Other undisclosed assets | 6,245,465 | 7,411,720 | 7,562,530 | 6,431,752 | 4,854,780 | 4,989,399 | |||
| TOTAL ASSETS: | 6,350,398 | 7,547,618 | 7,802,321 | 6,703,239 | 4,965,612 | 5,057,018 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 4,951,519 | 6,143,436 | 6,230,885 | 5,341,658 | 3,920,206 | 3,933,306 | |||
| Total liabilities: | 4,951,519 | 6,143,436 | 6,230,885 | 5,341,658 | 3,920,206 | 3,933,306 | |||
| Temporary equity, including noncontrolling interest | 1,852 | 1,694 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,345,030 | 1,404,767 | 1,571,538 | 1,361,434 | 1,043,554 | 1,122,018 | |||
| Common stock | 686 | 693 | 691 | 613 | 556 | 575 | |||
| Treasury stock, value | (96,764) | (96,764) | (60,999) | (60,999) | (35,958) | ||||
| Additional paid in capital | 1,714,684 | 1,815,077 | 1,808,983 | 1,459,959 | 1,169,695 | 1,165,995 | |||
| Accumulated deficit | (370,471) | (314,370) | (141,503) | (38,208) | (65,698) | (8,594) | |||
| Other undisclosed equity, attributable to parent | 131 | 131 | 131 | 69 | |||||
| Equity, attributable to noncontrolling interest | 53,849 | (585) | (102) | 147 | |||||
| Total equity: | 1,398,879 | 1,404,182 | 1,571,436 | 1,361,581 | 1,043,554 | 1,122,018 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,350,398 | 7,547,618 | 7,802,321 | 6,703,239 | 4,965,612 | 5,057,018 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 564,629 | 640,412 | 421,968 | 279,950 | 269,188 | 274,335 | ||
| Cost of revenue (Provision for Loan, Lease, and Other Losses) | (80,179) | (177,202) | (109,730) | (50,344) | ||||
| Gross profit: | 484,450 | 463,210 | 312,238 | 279,950 | 218,844 | 274,335 | ||
| Operating expenses | (22,117) | (233,756) | (167,416) | (39,827) | (88,348) | (30,929) | ||
| Operating income: | 462,333 | 229,454 | 144,822 | 240,123 | 130,496 | 243,406 | ||
| Nonoperating income | 29,507 | 21,199 | 19,194 | 12,183 | 1,281 | 5,998 | ||
| Profit from real estate operations | 22,866 | 8,545 | 8,971 | |||||
| Other nonoperating income | 5,738 | 11,237 | 5,568 | 686 | 744 | 2,453 | ||
| Interest and debt expense | (458,802) | (236,095) | (114,439) | (127,312) | (158,860) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 491,840 | (208,149) | (72,079) | 137,867 | 4,465 | 90,544 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (457,265) | 177,202 | 109,730 | 50,344 | ||||
| Income (loss) from continuing operations before income taxes: | 34,575 | (30,947) | 37,651 | 137,867 | 54,809 | 90,544 | ||
| Income tax expense | (248) | (710) | (58) | (684) | (412) | (579) | ||
| Income (loss) from continuing operations: | 34,327 | (31,657) | 37,593 | 137,183 | 54,397 | 89,965 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 137,183 | 54,397 | 89,965 | |
| Net income (loss): | 34,327 | (31,657) | 37,593 | 137,183 | 54,397 | 89,965 | ||
| Net income attributable to noncontrolling interest | 1,264 | 806 | 510 | |||||
| Net income (loss) attributable to parent: | 35,591 | (30,851) | 38,103 | 137,183 | 54,397 | 89,965 | ||
| Preferred stock dividends and other adjustments | (21,304) | (21,304) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (1,216) | (1,764) | (1,428) | (179) | ||||
| Other undisclosed net income (loss) available to common stockholders, basic | (21,304) | (11,369) | (844) | 527 | ||||
| Net income (loss) available to common stockholders, diluted: | 13,071 | (53,919) | 15,371 | 125,635 | 53,553 | 90,492 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 34,327 | (31,657) | 37,593 | 137,183 | 54,397 | 89,965 | ||
| Comprehensive income (loss): | 34,327 | (31,657) | 37,593 | 137,183 | 54,397 | 89,965 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 1,264 | 806 | 510 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 35,591 | (30,851) | 38,103 | 137,183 | 54,397 | 89,965 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.