KREF Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	107.49	112.64	151.72	181.61	185.87	165.51
Net Interest Income Growth	-25.31%	-25.76%	-16.46%	-2.29%	12.30%	16.66%
Non-Interest Income	15.86	25.03	29.51	21.2	19.19	12.18
Non-Interest Income Growth	-38.44%	-15.16%	39.19%	10.45%	57.55%	851.05%
Revenues Before Loan Losses	123.35	137.67	181.22	202.81	205.07	177.69
Provision for Credit Losses	168.05	119.37	80.61	175.12	112.37	-4.06
Revenue	-44.7	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	22.39	22.68	24.53	28.66	26.31	29.65
Selling, General & Admin	17.82	18.06	18.41	18.79	17.62	14.24
Other Non-Interest Expenses	28.32	25.68	23.1	11.19	11.11	-
Total Non-Interest Expense	68.53	66.41	66.04	58.64	55.04	43.89
Pretax Income	-102.06	-50.65	34.58	-30.95	37.65	137.87
Provision for Income Taxes	-0.16	-0.16	0.25	0.71	0.06	0.68
Net Income	-121.22	-69.89	13.07	-53.92	15.37	125.64
Minority Interest in Earnings	-3.57	-3.44	-1.26	-0.81	-0.51	-
Net Income Attributable to Preferred Dividends	22.89	22.83	22.52	23.07	22.73	11.55
Net Income to Common	-121.22	-69.89	13.07	-53.92	15.37	125.64
Net Income Growth	-	-	-	-	-87.77%	134.60%
Shares Outstanding (Basic)	66	67	69	69	68	57
Shares Outstanding (Diluted)	66	67	69	69	68	57
Shares Change (YoY)	-4.98%	-3.73%	0.31%	2.41%	18.97%	1.29%
EPS (Basic)	-1.86	-1.05	0.19	-0.78	0.23	2.22
EPS (Diluted)	-1.86	-1.05	0.19	-0.78	0.23	2.21
EPS Growth	-	-	-	-	-89.59%	130.21%
Shares Outstanding	64.28	64.37	68.71	69.31	69.1	61.37
Free Cash Flow	52.05	56.05	124.09	153.86	139.46	124.79
Free Cash Flow Growth	-7.14%	-54.83%	-19.34%	10.32%	11.76%	8.46%
Free Cash Flow Per Share	0.79	0.84	1.79	2.22	2.06	2.20
Dividends Per Share	1.000	1.000	1.000	1.720	1.720	1.720
Dividend Growth	-	-	-41.86%	-	-	-
Profit Margin	227.95%	-275.91%	34.12%	-114.31%	40.56%	75.48%
FCF Margin	-116.43%	306.30%	123.33%	555.57%	150.46%	68.66%
EBITDA	3.09	2.6	0.98	0	0	0
EBITDA Margin	-6.92%	14.23%	0.98%	0.00%	0.00%	0.00%
Effective Tax Rate	0.15%	0.31%	0.72%	-2.29%	0.15%	0.50%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q