KKR Real Estate Finance Trust Inc. (KREF) Financial Statements (2023 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 millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 271 | 111 | 68 | 87 | 103 | ||
| Cash and cash equivalents | 271 | 111 | 68 | 87 | 103 | ||
| Total current assets: | 271 | 111 | 68 | 87 | 103 | ||
| Noncurrent Assets | |||||||
| Other undisclosed assets | 6,432 | 4,855 | 4,989 | 5,145 | 7,292 | ||
| TOTAL ASSETS: | 6,703 | 4,966 | 5,057 | 5,232 | 7,395 | ||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Noncurrent Liabilities | |||||||
| Other undisclosed liabilities | 5,342 | 3,920 | 3,933 | 4,097 | 6,332 | ||
| Total liabilities: | 5,342 | 3,920 | 3,933 | 4,097 | 6,332 | ||
| Temporary equity, carrying amount | 2 | 2 | 3 | ||||
| Stockholders' equity | |||||||
| Stockholders' equity attributable to parent, including: | 1,361 | 1,044 | 1,122 | 1,132 | 1,059 | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | ||
| Treasury stock, value | (61) | (61) | (36) | (32) | (1) | ||
| Additional paid in capital | 1,460 | 1,170 | 1,166 | 1,164 | 1,053 | ||
| Retained earnings (accumulated deficit) | (38) | (66) | (9) | (0) | 6 | ||
| Other undisclosed stockholders' equity attributable to parent | 0 | ||||||
| Stockholders' equity attributable to noncontrolling interest | 0 | ||||||
| Total stockholders' equity: | 1,362 | 1,044 | 1,122 | 1,132 | 1,059 | ||
| Other undisclosed liabilities and equity | 4 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 6,703 | 4,966 | 5,057 | 5,232 | 7,395 | ||
Income Statement (P&L) ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 280 | 269 | 274 | 184 | 83 | |
| Cost of revenue | (50) | (13) | ||||
| Cost of goods and services sold | (13) | |||||
| Provision for loan, lease, and other losses | (50) | ✕ | ||||
| Gross profit: | 280 | 219 | 274 | 184 | 70 | |
| Operating expenses | (40) | (88) | (31) | (29) | (18) | |
| Operating income: | 240 | 130 | 243 | 155 | 51 | |
| Nonoperating income | 12 | 1 | 6 | 20 | 18 | |
| Other nonoperating income | 1 | 1 | 2 | 1 | 1 | |
| Interest and debt expense | (114) | (127) | (159) | (85) | (21) | |
| Income from continuing operations before equity method investments, income taxes: | 138 | 4 | 91 | 90 | 48 | |
| Other undisclosed income from continuing operations before income taxes | 50 | 13 | ||||
| Income from continuing operations before income taxes: | 138 | 55 | 91 | 90 | 61 | |
| Income tax expense (benefit) | (1) | (0) | (1) | 0 | (1) | |
| Net income: | 137 | 54 | 90 | 90 | 60 | |
| Net loss attributable to noncontrolling interest | (0) | (1) | ||||
| Net income attributable to parent: | 137 | 54 | 90 | 90 | 59 | |
| Preferred stock dividends and other adjustments | (2) | (0) | ||||
| Undistributed earnings (loss) allocated to participating securities, basic | (0) | |||||
| Other undisclosed net income (loss) available to common stockholders, basic | (11) | (1) | 1 | |||
| Net income available to common stockholders, diluted: | 126 | 54 | 90 | 87 | 59 | |
Comprehensive Income ($ in millions)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|
| Net income: | 137 | 54 | 90 | 90 | 60 | |
| Comprehensive income, net of tax, attributable to parent: | 137 | 54 | 90 | 90 | 60 | |
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.