KKR Real Estate Finance Trust Inc. (KREF)

KREF Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	564.63	640.41	421.97	279.95	269.19
Total Interest Expense	412.91	458.8	236.1	114.44	127.31
Net Interest Income	151.72	181.61	185.87	165.51	141.88
Gain (Loss) on Sale of Investments	-0.62	3.2	-	5.13	-3.9
Other Revenue	30.12	18	17.89	1.96	5.18
Revenue Before Loan Losses	181.22	202.81	203.77	172.59	143.16
Provision for Loan Losses	80.61	175.12	112.37	-4.06	50.34
Revenue	100.62	27.69	91.39	176.65	92.81
Revenue Growth (YoY)	263.33%	-69.70%	-48.26%	90.33%	-23.59%
Salaries & Employee Benefits	8.26	8.08	7.84	7.43	5.68
Cost of Services Provided	57.78	50.57	47.21	36.46	32.33
Total Operating Expenses	66.04	58.64	55.04	43.89	38
Operating Income	34.58	-30.95	36.35	132.77	54.81
EBT Excluding Unusual Items	34.58	-30.95	36.35	132.77	54.81
Other Unusual Items	-	-	1.3	5.1	-
Pretax Income	34.58	-30.95	37.65	137.87	54.81
Income Tax Expense	0.25	0.71	0.06	0.68	0.41
Earnings From Continuing Ops.	34.33	-31.66	37.59	137.18	54.4
Minority Interest in Earnings	1.26	0.81	0.51	-	-
Net Income	35.59	-30.85	38.1	137.18	54.4
Preferred Dividends & Other Adjustments	22.52	23.07	22.73	11.55	0.84
Net Income to Common	13.07	-53.92	15.37	125.64	53.55
Net Income Growth	-	-	-72.22%	152.19%	-39.53%
Shares Outstanding (Basic)	69	69	68	57	56
Shares Outstanding (Diluted)	69	69	68	57	56
Shares Change (YoY)	0.31%	2.41%	18.97%	1.29%	-2.56%
EPS (Basic)	0.19	-0.78	0.23	2.22	0.96
EPS (Diluted)	0.19	-0.78	0.23	2.21	0.96
EPS Growth	-	-	-89.70%	131.04%	-39.07%
Free Cash Flow	132.56	155.72	141.13	124.79	115.06
Free Cash Flow Per Share	1.91	2.25	2.09	2.20	2.05
Dividend Per Share	1.000	1.720	1.720	1.720	1.720
Dividend Growth	-41.86%	-	-	-	-
Operating Margin	34.36%	-111.75%	39.77%	75.16%	59.05%
Profit Margin	12.99%	-194.70%	16.82%	71.12%	57.70%
Free Cash Flow Margin	131.75%	562.29%	154.41%	70.64%	123.97%
Effective Tax Rate	0.72%	-	0.15%	0.50%	0.75%

Updated Feb 3, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q