KKR Real Estate Finance Trust Inc. (KREF)

KREF Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	526.98	564.63	640.41	421.97	279.95	269.19
Total Interest Expense	383.06	412.91	458.8	236.1	114.44	127.31
Net Interest Income	143.91	151.72	181.61	185.87	165.51	141.88
Gain (Loss) on Sale of Investments	-0.62	-0.62	3.2	-	5.13	-3.9
Other Revenue	26.38	30.12	18	17.89	1.96	5.18
Revenue Before Loan Losses	169.68	181.22	202.81	203.77	172.59	143.16
Provision for Loan Losses	72.2	80.61	175.12	112.37	-4.06	50.34
Revenue	97.48	100.62	27.69	91.39	176.65	92.81
Revenue Growth (YoY)	93.07%	263.33%	-69.70%	-48.26%	90.33%	-23.59%
Salaries & Employee Benefits	8.09	8.26	8.08	7.84	7.43	5.68
Cost of Services Provided	57.17	57.78	50.57	47.21	36.46	32.33
Total Operating Expenses	65.26	66.04	58.64	55.04	43.89	38
Operating Income	32.21	34.58	-30.95	36.35	132.77	54.81
EBT Excluding Unusual Items	32.21	34.58	-30.95	36.35	132.77	54.81
Other Unusual Items	-	-	-	1.3	5.1	-
Pretax Income	32.21	34.58	-30.95	37.65	137.87	54.81
Income Tax Expense	0.21	0.25	0.71	0.06	0.68	0.41
Earnings From Continuing Ops.	32.01	34.33	-31.66	37.59	137.18	54.4
Minority Interest in Earnings	1.83	1.26	0.81	0.51	-	-
Net Income	33.84	35.59	-30.85	38.1	137.18	54.4
Preferred Dividends & Other Adjustments	22.58	22.52	23.07	22.73	11.55	0.84
Net Income to Common	11.26	13.07	-53.92	15.37	125.64	53.55
Net Income Growth	-	-	-	-72.22%	152.19%	-39.53%
Shares Outstanding (Basic)	69	69	69	68	57	56
Shares Outstanding (Diluted)	69	69	69	68	57	56
Shares Change (YoY)	-0.02%	0.31%	2.41%	18.97%	1.29%	-2.56%
EPS (Basic)	0.16	0.19	-0.78	0.23	2.22	0.96
EPS (Diluted)	0.16	0.19	-0.78	0.23	2.21	0.96
EPS Growth	-	-	-	-89.70%	131.04%	-39.07%
Free Cash Flow	113.99	132.56	155.72	141.13	124.79	115.06
Free Cash Flow Per Share	1.65	1.91	2.25	2.09	2.20	2.05
Dividend Per Share	1.000	1.000	1.720	1.720	1.720	1.720
Dividend Growth	-35.07%	-41.86%	-	-	-	-
Operating Margin	33.05%	34.36%	-111.75%	39.77%	75.16%	59.05%
Profit Margin	11.55%	12.99%	-194.70%	16.82%	71.12%	57.70%
Free Cash Flow Margin	116.94%	131.75%	562.29%	154.41%	70.64%	123.97%
Effective Tax Rate	0.64%	0.72%	-	0.15%	0.50%	0.75%

Updated Apr 23, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q