KKR Real Estate Finance Trust Inc. (KREF)

NYSE: KREF · Real Estate Investment Trusts · New York, NY · filing with the SEC since 2015

Grade5.7

◀ Past 6.6● Present 5.2▶ Future 5.5

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 3, 2026	Feb 3, 2025	Feb 6, 2024	Feb 7, 2023	Feb 8, 2022	Feb 16, 2021	Feb 19, 2020	Feb 20, 2019	Feb 28, 2018	·
For lenders
Interest expense on deposits and borrowings	322,961	412,913	458,802	236,095	·	·	·	·	·	·
Net interest income	112,638	151,716	181,610	185,873	165,511	141,876	115,475	98,558	61,921	25,227
Provision for credit losses	119,649	80,179	177,202	109,730	-4,652^r	50,344	0	0	·	·
General and administrative	18,062	18,410	18,788	17,616	14,235	14,238	10,522	7,812	4,936	2,270
Total operating expenses	23,071	22,117	11,190	·	·	·	30,929	28,914	18,428	8,569
Total costs and expenses	185,786	146,648	233,756	167,416	39,827	88,348	30,929	28,914	·	·
Interest expense	·	·	458,802	236,095	114,439	127,312	158,860	85,017	21,224	7,432
Share of profit of equity-method investments	-512	1,518	1,417	4,655	6,371	537	4,568	3,065	875	0
Total non-operating income (expense)	22,503	29,507	21,199	19,194	12,183	1,281	5,998	20,093	17,688	15,968
Income before income taxes	-50,645	34,575	-30,947	37,651	137,867	54,809	90,544	89,737	61,181	32,626
Income tax expense	-156	248	710	58	684	412	579	-70	1,102	354
Net income including non-controlling interests	-50,489	34,327	-31,657	37,593	137,183	54,397	89,965	89,807	60,079	32,272
Net income to non-controlling interests	-3,438	-1,264	-806	-510	0	0	·	·	·	·
Net income	-47,051	35,591	-30,851	38,103	137,183	54,397	89,965	89,744	59,062	31,157
Preferred dividends	21,304	21,304	21,304	21,304	11,369	·	·	2,451	244	16
Net income to common shareholders	-69,885	13,071	-53,919	15,371	125,635	53,553	90,492	87,293	58,818	31,141
Earnings per share, basic	-1.05	0.19	-0.78	0.23	2.22	0.96	1.58	1.58	1.30	1.61
Earnings per share, diluted	-1.05	0.19	-0.78	0.23	2.21	0.96	1.57	1.58	1.30	1.61
Earnings per share, basic and diluted	·	·	·	·	·	·	·	1.58	1.30	·
Weighted average shares, basic	66,807,432	69,396,890	69,180,039	67,553,578	56,571,200	55,985,014	57,426,912	55,136,548	45,320,358	19,299,597
Weighted average shares, diluted	66,807,432	69,396,890	69,180,039	67,553,578	56,783,388	56,057,237	57,532,490	55,171,061	45,321,360	19,299,597

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanLeaseAndOtherLosses

General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense

Total operating expenses the running costs togetherus-gaap:OperatingExpenses

Total costs and expenses every operating cost, the cost of revenue includedus-gaap:OperatingCostsAndExpenses

Interest expense what its borrowing costus-gaap:InterestExpense

Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments

Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton KREF · research, not advice