KREF Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	112.64	151.72	181.61	185.87	165.51
Net Interest Income Growth	-25.76%	-16.46%	-2.29%	12.30%	16.66%
Non-Interest Income	25.03	29.51	21.2	19.19	12.18
Non-Interest Income Growth	-15.16%	39.19%	10.45%	57.55%	851.05%
Revenues Before Loan Losses	137.67	181.22	202.81	205.07	177.69
Provision for Credit Losses	119.37	80.61	175.12	112.37	-4.06
Revenue	18.3	100.62	27.69	92.69	181.75
Revenue Growth (YoY)	-81.81%	263.33%	-70.12%	-49.00%	95.83%
Compensation Expenses	22.68	24.53	28.66	26.31	29.65
Selling, General & Admin	18.06	18.41	18.79	17.62	14.24
Other Non-Interest Expenses	25.68	23.1	11.19	11.11	-
Total Non-Interest Expense	66.41	66.04	58.64	55.04	43.89
Pretax Income	-50.65	34.58	-30.95	37.65	137.87
Provision for Income Taxes	-0.16	0.25	0.71	0.06	0.68
Net Income	-69.89	13.07	-53.92	15.37	125.64
Minority Interest in Earnings	-3.44	-1.26	-0.81	-0.51	-
Net Income Attributable to Preferred Dividends	22.83	22.52	23.07	22.73	11.55
Net Income to Common	-69.89	13.07	-53.92	15.37	125.64
Net Income Growth	-	-	-	-87.77%	134.60%
Shares Outstanding (Basic)	67	69	69	68	57
Shares Outstanding (Diluted)	67	69	69	68	57
Shares Change (YoY)	-3.73%	0.31%	2.41%	18.97%	1.29%
EPS (Basic)	-1.05	0.19	-0.78	0.23	2.22
EPS (Diluted)	-1.05	0.19	-0.78	0.23	2.21
EPS Growth	-	-	-	-89.59%	130.21%
Free Cash Flow	56.05	124.09	153.86	139.46	124.79
Free Cash Flow Growth	-54.83%	-19.34%	10.32%	11.76%	8.46%
Free Cash Flow Per Share	0.84	1.79	2.22	2.06	2.20
Dividends Per Share	1.000	1.000	1.720	1.720	1.720
Dividend Growth	-	-41.86%	-	-	-
Profit Margin	-275.91%	34.12%	-114.31%	40.56%	75.48%
FCF Margin	306.30%	123.33%	555.57%	150.46%	68.66%
EBITDA	2.6	0.98	0	0	0
EBITDA Margin	14.23%	0.98%	0.00%	0.00%	0.00%
Effective Tax Rate	0.31%	0.72%	-2.29%	0.15%	0.50%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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