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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments239,791271,487110,83267,61986,531103,120
Cash and cash equivalents239,791271,487110,83267,61986,531103,120
Total current assets:239,791271,487110,83267,61986,531103,120
Noncurrent Assets
Other undisclosed assets7,562,5306,431,7524,854,7804,989,3995,145,3147,291,773
TOTAL ASSETS:7,802,3216,703,2394,965,6125,057,0185,231,8457,394,893
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities6,230,8855,341,6583,920,2063,933,3064,096,6576,331,709
Total liabilities:6,230,8855,341,6583,920,2063,933,3064,096,6576,331,709
Temporary equity, carrying amount   1,8521,6942,846 
Equity
Equity, attributable to parent, including:1,571,5381,361,4341,043,5541,122,0181,132,3421,059,145
Common stock691613556575576537
Treasury stock, value(96,764)(60,999)(60,999)(35,958)(31,854)(523)
Additional paid in capital1,808,9831,459,9591,169,6951,165,9951,163,8451,052,851
Retained earnings (accumulated deficit)(141,503)(38,208)(65,698)(8,594)(225)6,280
Other undisclosed equity, attributable to parent13169    
Equity, attributable to noncontrolling interest(102)147    
Total equity:1,571,4361,361,5811,043,5541,122,0181,132,3421,059,145
Other undisclosed liabilities and equity      4,039
TOTAL LIABILITIES AND EQUITY:7,802,3216,703,2394,965,6125,057,0185,231,8457,394,893

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues
(Net Investment Income)
421,968279,950269,188274,335183,57583,145
Cost of revenue(109,730) (50,344)  (13,492)
Cost of goods and services sold      (13,492)
Provision for loan, lease, and other losses(109,730) (50,344)  
Gross profit:312,238279,950218,844274,335183,57569,653
Operating expenses(167,416)(39,827)(88,348)(30,929)(28,914)(18,428)
Operating income:144,822240,123130,496243,406154,66151,225
Nonoperating income19,19412,1831,2815,99820,09317,688
Profit from real estate operations8,971     
Other nonoperating income5,5686867442,4531,440968
Interest and debt expense(236,095)(114,439)(127,312)(158,860)(85,017)(21,224)
Income (loss) from continuing operations before equity method investments, income taxes:(72,079)137,8674,46590,54489,73747,689
Other undisclosed income from continuing operations before income taxes109,730 50,344  13,492
Income from continuing operations before income taxes:37,651137,86754,80990,54489,73761,181
Income tax expense (benefit)(58)(684)(412)(579)70(1,102)
Other undisclosed loss from continuing operations      
Income from continuing operations:37,593137,18354,39789,96589,80760,079
Income before gain (loss) on sale of properties:137,18354,39789,96589,80760,079
Net income:37,593137,18354,39789,96589,80760,079
Net income (loss) attributable to noncontrolling interest510   (63)(1,017)
Net income attributable to parent:38,103137,18354,39789,96589,74459,062
Preferred stock dividends and other adjustments    (2,451)(244)
Undistributed earnings (loss) allocated to participating securities, basic(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:15,371125,63553,55390,49287,29358,818

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:37,593137,18354,39789,96589,80760,079
Comprehensive income:37,593137,18354,39789,96589,80760,079
Comprehensive income, net of tax, attributable to noncontrolling interest510     
Comprehensive income, net of tax, attributable to parent:38,103137,18354,39789,96589,80760,079

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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