KKR Real Estate Finance Trust Inc. (KREF)

KREF Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-101.9	-50.49	34.33	-31.66	37.59	137.18
Depreciation & Amortization	3.09	2.6	0.98	-	-	-
Provision for Credit Losses	168.05	119.37	80.61	175.12	112.37	-4.06
Stock-Based Compensation	7.61	7.93	8.26	8.08	7.84	7.43
Other Adjustments	-3.75	-1.08	-0.11	4.36	-4.39	-17.49
Changes in Accrued Interest and Accounts Receivable	1.01	3.56	12.18	-2	-23.76	0.17
Changes in Accounts Payable	-0.35	-6.46	-0.87	2.2	11.95	2.05
Changes in Other Operating Activities	-3.73	-3.15	-2.81	-0.38	-0.48	-0.49
Operating Cash Flow	69.51	72.28	132.56	155.72	141.13	124.79
Operating Cash Flow Growth	-39.02%	-45.47%	-14.87%	10.34%	13.09%	8.46%
Net Change in Loans Held-for-Investment	805.65	292.62	1,128	14.06	-1,175	-1,542
Net Change in Securities and Investments	-64.7	-27.79	-2.38	1.29	-	1.3
Capital Expenditures	-17.47	-16.23	-8.47	-1.86	-1.66	-
Sale of Property, Plant & Equipment	15.13	30.26	-1.09	-	-	-
Other Investing Activities	-	-14.57	-	-	-	-
Investing Cash Flow	734.23	264.29	1,116	13.49	-1,177	-1,541
Long-Term Debt Issued	1,455	2,028	601.86	811.12	3,331	4,789
Long-Term Debt Repaid	-2,100	-2,228	-1,771	-935	-2,455	-3,364
Net Long-Term Debt Issued (Repaid)	-644.98	-199.57	-1,169	-123.89	876.81	1,426
Issuance of Common Stock	-	-	-	-	194.23	120.71
Repurchase of Common Stock	-34.34	-44.75	-11.9	-1.98	-38.44	-5.58
Net Common Stock Issued (Repurchased)	-34.34	-44.75	-11.9	-1.98	155.78	115.13
Issuance of Preferred Stock	-	-	-	-	151.17	167.07
Net Preferred Stock Issued (Repurchased)	-	-	-	-	151.17	167.07
Common Dividends Paid	-65.77	-66.86	-81.8	-118.85	-115.37	-95.68
Preferred Share Dividends Paid	-21.3	-21.3	-21.3	-21.3	-21.54	-8.27
Other Financing Activities	-6.01	-23.3	-6.38	-5.49	-33.99	-24.84
Financing Cash Flow	-773.74	-355.78	-1,291	-271.51	1,013	1,579
Net Cash Flow	30	-19.21	-41.77	-102.31	-23.15	162.94
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%
FCF Margin	-116.43%	306.30%	123.33%	555.57%	150.46%	68.66%
Free Cash Flow Per Share	0.79	0.84	1.79	2.22	2.06	2.20
Levered Free Cash Flow	-783.64	-289.13	-1,155	-179.84	878.23	1,553
Unlevered Free Cash Flow	-17.45	-19.68	1.01	-2.04	-13.95	1.73

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

SEC Filings: 10-K · 10-Q