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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments207,698254,096239,791183,341118,020173,178
Cash and cash equivalents207,698254,096239,791183,341118,020173,178
Total current assets:207,698254,096239,791183,341118,020173,178
Noncurrent Assets
Other undisclosed assets7,401,5477,621,9357,562,5307,357,7097,595,5896,976,585
TOTAL ASSETS:7,609,2457,876,0317,802,3217,541,0507,713,6097,149,763
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,149,5106,362,8866,230,8855,945,8366,037,1655,500,043
Total liabilities:6,149,5106,362,8866,230,8855,945,8366,037,1655,500,043
Equity
Equity, attributable to parent, including:1,459,8551,513,1691,571,5381,595,2571,676,3251,649,535
Common stock691691691694697679
Treasury stock, value(96,764)(96,764)(96,764)(89,323)(79,070)(60,999)
Additional paid in capital1,813,3091,811,1351,808,9831,810,1491,802,7251,747,340
Accumulated deficit(257,512)(202,024)(141,503)(126,394)(48,158)(37,616)
Other undisclosed equity, attributable to parent131131131131131131
Equity, attributable to noncontrolling interest(120)(24)(102)(43)119185
Total equity:1,459,7351,513,1451,571,4361,595,2141,676,4441,649,720
TOTAL LIABILITIES AND EQUITY:7,609,2457,876,0317,802,3217,541,0507,713,6097,149,763

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
159,629152,530143,508114,62790,60373,230
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
  (60,386)(21,176)   
Gross profit:159,62992,144122,332114,62790,60373,230
Operating expenses(70,871)(76,249)(36,570)(94,077)(24,980)(11,789)
Operating income:88,75815,89585,76220,55065,62361,441
Nonoperating income6,9724,6104,8133,8464,1056,430
Profit from real estate operations1,9842,2462,4172,0921,8332,629
Other nonoperating income4,4372,7111,5768401,2371,915
Interest and debt expense(115,677)(105,976)(91,592)(67,311)(44,733)(32,459)
Income (loss) from continuing operations before equity method investments, income taxes:(19,947)(85,471)(1,017)(42,915)24,99535,412
Other undisclosed income from continuing operations before income taxes  60,38621,176   
Income (loss) from continuing operations before income taxes:(19,947)(25,085)20,159(42,915)24,99535,412
Income tax expense(177)(169)    
Other undisclosed loss from continuing operations   (58)   
Income (loss) from continuing operations:(20,124)(25,254)20,101(42,915)24,99535,412
Income (loss) before gain (loss) on sale of properties:(42,915)24,99535,412
Net income (loss):(20,124)(25,254)20,101(42,915)24,99535,412
Net income attributable to noncontrolling interest961772271616656
Net income (loss) attributable to parent:(20,028)(25,077)20,328(42,754)25,06135,468
Preferred stock dividends and other adjustments(5,326)     
Undistributed earnings (loss) allocated to participating securities, basic(418)(407)(400)(341)(341)(346)
Other undisclosed net loss available to common stockholders, basic  (5,326)(5,326)(5,326)(5,326)(5,326)
Net income (loss) available to common stockholders, basic:(25,772)(30,810)14,602(48,421)19,39429,796
Interest on convertible debt      2,201
Other undisclosed net loss available to common stockholders, diluted      (25)
Net income (loss) available to common stockholders, diluted:(25,772)(30,810)14,602(48,421)19,39431,972

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(20,124)(25,254)20,101(42,915)24,99535,412
Comprehensive income (loss):(20,124)(25,254)20,101(42,915)24,99535,412
Comprehensive income, net of tax, attributable to noncontrolling interest961772271616656
Comprehensive income (loss), net of tax, attributable to parent:(20,028)(25,077)20,328(42,754)25,06135,468

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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