KKR Real Estate Finance Trust Inc. (KREF) — Financial statements
Income statement, balance sheet, and cash flow for KKR Real Estate Finance Trust Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 458↓22.7% | 593↓10.2% | 660↑51.2% | 437↑52.8% | 286 | |
| Cost of Revenue | 54↑8.0% | 50↑24.5% | 40↑6.5% | 37↑26.2% | 30 | |
| Gross Profit | 404↓25.5% | 543↓12.5% | 620↑55.4% | 399↑55.8% | 256 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 33 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 8 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 41 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Expenses | 92↓5.2% | 97↓49.9% | 194↑49.2% | 130↑1177.4% | 10 | |
| Operating Expenses | 133↑36.8% | 97↓49.9% | 194↑49.2% | 130↑1177.4% | 10 | |
| Total Costs & Expenses | 186↑27.1% | 147↓37.3% | 234↑39.6% | 167↑320.4% | 40 | |
| Operating Results | ||||||
| Operating Income | 272↓39.1% | 446↑4.6% | 426↑58.5% | 269↑9.4% | 246 | |
| Depreciation & Amortization | 3↑164.9% | 0.98 | 0.00 | 0.00 | 0.00 | |
| EBITDA | 275↓38.7% | 448↑4.8% | 428↑56.3% | 274↑8.5% | 252 | |
| EBIT | 272↓39.1% | 447↑4.6% | 428↑56.3% | 274↑8.5% | 252 | |
| Interest & Other Income | ||||||
| Net Interest Income | 113↓25.8% | 152↓16.5% | 182↓2.3% | 186↑12.3% | 166 | |
| Interest Income | 436↓22.9% | 565↓11.8% | 640↑51.8% | 422↑50.7% | 280 | |
| Interest Expense | 323↓21.8% | 413↓10.0% | 459↑94.3% | 236↑106.3% | 114 | |
| Non-Operating Income | -0.68↑55.3% | -2↓7.1% | -1↑69.6% | -5↑26.9% | -6 | |
| Other Income / Expenses | -322↑21.7% | -411↑10.1% | -457↓97.6% | -231↓114.2% | -108 | |
| Income Before Tax | -51↓246.5% | 35↑211.7% | -31↓182.2% | 38↓72.7% | 138 | |
| Income Tax Expense | -0.16↓162.9% | 0.25↓65.1% | 0.71↑1124.1% | 0.06↓91.5% | 0.68 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -50↓247.1% | 34↑208.4% | -32↓184.2% | 38↓72.6% | 137 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -47↓232.2% | 36↑215.4% | -31↓181.0% | 38↓72.2% | 137 | |
| Bottom-Line Net Income | -49↓241.3% | 34↑205.4% | -33↓188.9% | 37↓73.2% | 137 | |
| EPS (Basic) | -1.05↓652.6% | 0.19↑124.4% | -0.78↓439.1% | 0.23↓89.6% | 2.22 | |
| EPS (Diluted) | -1.05↓652.6% | 0.19↑124.4% | -0.78↓439.1% | 0.23↓89.6% | 2.21 | |
| Weighted Average Shares | 67↓3.7% | 69↑0.3% | 69↑2.4% | 68↑19.4% | 57 | |
| Weighted Average Diluted Shares | 67↓3.7% | 69↑0.3% | 69↑2.4% | 68↑19.0% | 57 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.