KREF Balance Sheet

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
Cash & Equivalents	84.62	104.93	135.9	239.79	271.49
Long-Term Investments	147.33	117.31	35.08	36.85	35.54
Loans & Lease Receivables	5,146	5,772	7,133	7,387	6,294
Other Receivables	25.2	28.75	41	39.01	16.64
Restricted Cash	2.72	1.61	12.42	10.8	2.3
Other Current Assets	204.47	56.55	101.02	1.1	1.4
Long-Term Deferred Charges	5.89	2.81	3.75	4.9	1.7
Other Long-Term Assets	848.59	266.91	85.38	82.71	79.69
Total Assets	6,465	6,350	7,548	7,802	6,703
Accounts Payable	-	-	-	-	7.52
Accrued Expenses	19.4	25.86	28.48	28.68	12.58
Current Portion of Long-Term Debt	337.96	-	-	-	-
Long-Term Debt	4,356	4,899	6,060	6,164	5,295
Other Current Liabilities	19.96	18.51	45.69	29.71	26.59
Other Long-Term Liabilities	506.54	8.52	9.35	8.15	-
Total Liabilities	5,239	4,952	6,143	6,231	5,342
Common Stock	0.64	0.69	0.69	0.69	0.61
Additional Paid-In Capital	1,369	1,397	1,497	1,491	1,293
Retained Earnings	-506.13	-370.47	-314.37	-141.5	-38.21
Total Common Equity	854.32	1,027	1,087	1,253	1,194
Minority Interest	52.65	53.85	-0.59	-0.1	0.15
Shareholders' Equity	1,225	1,399	1,404	1,571	1,362
Total Liabilities & Equity	6,465	6,350	7,548	7,802	6,703
Total Debt	4,694	4,899	6,060	6,164	5,295
Net Cash (Debt)	-4,609	-4,794	-5,924	-5,925	-5,023
Net Cash Per Share	-68.99	-69.08	-85.63	-87.70	-88.47
Filing Date Shares Outstanding	64.28	68.71	69.31	69.1	61.37
Total Common Shares Outstanding	64.37	68.71	69.31	69.1	61.37
Working Capital	5,086	5,919	7,349	7,619	6,540
Book Value Per Share	13.27	14.94	15.68	18.14	19.46
Tangible Book Value	854.32	1,027	1,087	1,253	1,194
Tangible Book Value Per Share	13.27	14.94	15.68	18.14	19.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q