KKR Real Estate Finance Trust Inc. (KREF) Financial Statements (2024 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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments135,898239,791271,487110,83267,61986,531
Cash and cash equivalents135,898239,791271,487110,83267,61986,531
Total current assets:135,898239,791271,487110,83267,61986,531
Noncurrent Assets
Other undisclosed assets7,411,7207,562,5306,431,7524,854,7804,989,3995,145,314
TOTAL ASSETS:7,547,6187,802,3216,703,2394,965,6125,057,0185,231,845
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,143,4366,230,8855,341,6583,920,2063,933,3064,096,657
Total liabilities:6,143,4366,230,8855,341,6583,920,2063,933,3064,096,657
Temporary equity, carrying amount    1,8521,6942,846
Equity
Equity, attributable to parent, including:1,404,7671,571,5381,361,4341,043,5541,122,0181,132,342
Common stock693691613556575576
Treasury stock, value(96,764)(96,764)(60,999)(60,999)(35,958)(31,854)
Additional paid in capital1,815,0771,808,9831,459,9591,169,6951,165,9951,163,845
Accumulated deficit(314,370)(141,503)(38,208)(65,698)(8,594)(225)
Other undisclosed equity, attributable to parent13113169   
Equity, attributable to noncontrolling interest(585)(102)147   
Total equity:1,404,1821,571,4361,361,5811,043,5541,122,0181,132,342
TOTAL LIABILITIES AND EQUITY:7,547,6187,802,3216,703,2394,965,6125,057,0185,231,845

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues
(Net Investment Income)
640,412421,968279,950269,188274,335183,575
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(177,202)(109,730) (50,344)  
Gross profit:463,210312,238279,950218,844274,335183,575
Operating expenses(233,756)(167,416)(39,827)(88,348)(30,929)(28,914)
Operating income:229,454144,822240,123130,496243,406154,661
Nonoperating income21,19919,19412,1831,2815,99820,093
Profit from real estate operations8,5458,971    
Other nonoperating income11,2375,5686867442,4531,440
Interest and debt expense(458,802)(236,095)(114,439)(127,312)(158,860)(85,017)
Income (loss) from continuing operations before equity method investments, income taxes:(208,149)(72,079)137,8674,46590,54489,737
Other undisclosed income from continuing operations before income taxes177,202109,730 50,344  
Income (loss) from continuing operations before income taxes:(30,947)37,651137,86754,80990,54489,737
Income tax expense (benefit)(710)(58)(684)(412)(579)70
Income (loss) from continuing operations:(31,657)37,593137,18354,39789,96589,807
Income before gain (loss) on sale of properties:137,18354,39789,96589,807
Net income (loss):(31,657)37,593137,18354,39789,96589,807
Net income (loss) attributable to noncontrolling interest806510   (63)
Net income (loss) attributable to parent:(30,851)38,103137,18354,39789,96589,744
Preferred stock dividends and other adjustments(21,304)    (2,451)
Undistributed earnings (loss) allocated to participating securities, basic(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:(53,919)15,371125,63553,55390,49287,293

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(31,657)37,593137,18354,39789,96589,807
Comprehensive income (loss):(31,657)37,593137,18354,39789,96589,807
Comprehensive income, net of tax, attributable to noncontrolling interest806510    
Comprehensive income (loss), net of tax, attributable to parent:(30,851)38,103137,18354,39789,96589,807

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.

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