KKR Real Estate Finance Trust Inc. (KREF)

KREF Cash Flow 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-0.55	35.59	-30.85	38.1	137.18	54.4
Depreciation & Amortization	2.21	0.98	-	-	-	-
Other Amortization	12.14	14.38	26.18	23.86	15.73	22.33
Loss (Gain) From Sale of Investments	-1.19	0.62	-	-	-5.13	-
Provision for Credit Losses	80.28	80.61	175.12	112.37	-4.06	50.34
Loss (Gain) on Equity Investments	3.98	1.53	1.77	-1.31	-3.15	2.84
Stock-Based Compensation	8	8.26	8.08	7.84	7.43	5.68
Change in Accounts Payable	-12.1	-2.28	1.73	10.33	1.87	0.73
Change in Other Net Operating Assets	-4.47	0.16	0.09	1.14	-0.31	-0.69
Other Operating Activities	-20.96	-19.45	-24.4	-27.44	-24.95	-21.45
Operating Cash Flow	73.87	132.56	155.72	141.13	124.79	115.06
Operating Cash Flow Growth	-51.11%	-14.87%	10.34%	13.09%	8.46%	25.46%
Investment in Securities	-15.34	-2.38	-	-	-	-
Net Decrease (Increase) in Loans Originated / Sold - Investing	815.01	1,128	14.06	-1,175	-1,542	88.71
Investing Cash Flow	807.36	1,116	13.49	-1,177	-1,541	88.71
Long-Term Debt Issued	-	601.86	811.12	3,331	4,789	1,308
Long-Term Debt Repaid	-	-1,771	-935	-2,455	-3,364	-1,333
Net Debt Issued (Repaid)	-627.72	-1,169	-123.89	876.81	1,426	-24.89
Issuance of Preferred Stock	-	-	-	151.17	167.07	-
Issuance of Common Stock	-	-	-	194.23	120.71	-
Repurchase of Common Stock	-46.03	-11.9	-1.98	-38.44	-5.58	-26.36
Common Dividends Paid	-67.89	-81.8	-118.85	-115.37	-95.68	-96.45
Preferred Dividends Paid	-21.3	-21.3	-21.3	-21.54	-8.27	-0.63
Total Dividends Paid	-89.19	-103.1	-140.16	-136.91	-103.95	-97.09
Other Financing Activities	-22.3	-6.38	-5.49	-33.99	-24.84	-12.22
Financing Cash Flow	-785.24	-1,291	-271.51	1,013	1,579	-160.56
Net Cash Flow	95.99	-41.77	-102.31	-23.15	162.94	43.21
Free Cash Flow	73.87	132.56	155.72	141.13	124.79	115.06
Free Cash Flow Growth	-51.11%	-14.87%	10.34%	13.09%	8.46%	25.46%
Free Cash Flow Margin	119.12%	131.75%	562.29%	154.41%	70.64%	123.97%
Free Cash Flow Per Share	1.09	1.91	2.25	2.09	2.20	2.05
Cash Interest Paid	333.84	398.81	430.28	201.01	95.26	103.41
Cash Income Tax Paid	0.12	0.37	0.3	0.71	0.41	0.12

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q