KKR Real Estate Finance Trust Inc. (KREF)

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KKR Real Estate Finance Trust Inc.

KREF • CIK 0001631596

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest and Fee Income, Loans and Leases	$640,412	$564,629	$435,599	$390,753
InterestExpenseOperating	—	$412,913	$322,961	$295,256
Interest Income (Expense), Net	$181,610	$151,716	$112,638	$95,497
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest	$-30,947	$34,575	$-50,645	$-188,815
Income Tax Expense (Benefit)	$710	$248	$-156	$-156
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-31,657	$34,327	$-50,489	$-188,659
Net Income (Loss) Attributable to Noncontrolling Interest	$-806	$-1,264	$-3,438	$-3,700
Net Income (Loss) Attributable to Parent	$-30,851	$35,591	$-47,051	$-184,959
Preferred Stock Dividends, Income Statement Impact	$21,304	$21,304	$21,304	$21,304
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	$1,764	$1,216	$1,530	$1,322
Net Income (Loss) Available to Common Stockholders, Diluted	$-53,919	$13,071	$-69,885	$-207,585
Profit (Loss) from Real Estate Operations	$8,545	$22,866	$16,522	$18,923
Income (Loss) from Equity Method Investments	$1,417	$1,518	$-512	$-23
Gain (Loss) on Sale of Investments	$0	$-615	$1,192	$0
Foreign Currency Transaction Gain (Loss), before Tax	—	—	$1,190	$-2,661
Derivative, Gain (Loss) on Derivative, Net	—	—	$-1,265	$1,394
Other Nonoperating Income	$11,237	$5,738	$4,646	$4,506
Nonoperating Income (Expense)	$21,199	$29,507	$22,503	$24,103
Noninterest Expense Related to Performance Fees	$2,491	$0	$0	$0
General and Administrative Expense	$18,788	$18,410	$18,062	$17,787
Operating Costs and Expenses	$233,756	$146,648	$185,786	$308,415
Weighted Average Number of Shares Outstanding, Basic	69,180,039	69,396,890	66,807,432	62,395,231
Interest Expense	$458,802	—	—	$458,441
Unrealized Gain (Loss) on Derivatives	—	—	$-1,305	$183

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Common Stock, Shares, Outstanding	69,313,860	68,713,596	64,367,737	58,577,948
Cash and Cash Equivalents, at Carrying Value	$135,898	$104,933	$84,617	$83,058
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest	—	—	$201,924	$291,916
Other Real Estate	—	$262,479	$338,595	$360,425
Real Estate Held-for-sale	$101,017	$56,554	$130,188	$132,571
Interest Receivable	$41,003	$28,754	—	$27,967
Other Assets	$19,455	$8,853	$87,650	$290,483
Assets	$7,547,618	$6,350,398	$6,464,643	$6,559,283
Commitments and Contingencies	$0	$0	$0	$0
Long-term Line of Credit	$3,782,419	$2,798,674	$2,862,689	$3,024,096
Secured Debt	$335,331	$333,853	$632,516	$630,424
Dividends Payable	$29,805	$17,178	$16,092	$5,858
Interest Payable	$20,207	$19,939	—	$14,761
Liabilities	$6,143,436	$4,951,519	$5,239,439	$5,568,984
Common Stock, Value, Issued	$693	$686	$644	$609
Additional Paid in Capital	$1,815,077	$1,714,684	$1,687,168	$1,659,313
Retained Earnings (Accumulated Deficit)	$-314,370	$-370,471	$-506,130	$-711,732
Treasury Stock, Common, Value	$96,764	$0	$9,263	$16,552
Stockholders' Equity Attributable to Parent	$1,404,767	$1,345,030	$1,172,550	$931,769
Stockholders' Equity Attributable to Noncontrolling Interest	$-585	$53,849	$52,654	$58,530
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$1,404,182	$1,398,879	$1,225,204	$990,299
Preferred Stock, Shares Authorized	50,000,000	50,000,000	50,000,000	50,000,000
Common Stock, Shares Authorized	300,000,000	300,000,000	300,000,000	300,000,000
Common Stock, Shares, Issued	75,299,556	68,713,596	65,488,680	60,929,760
Treasury Stock, Common, Shares	5,985,696	5,985,696	1,120,943	2,351,812
Long-term Debt, Gross	$3,794,066	$2,804,895	$2,871,049	$3,030,626
Debt Issuance Costs, Net	—	$2,811	$5,887	$5,283

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$-102,308	$-41,766	$-19,209	$-25,607
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$148,313	$106,547	$87,338	$117,338
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-31,657	$34,327	$-50,489	$-188,659
Net Cash Provided by (Used in) Operating Activities	$155,715	$132,563	$72,283	$63,004
Proceeds from Principal Repayments on Loans and Leases Held-for-investment	$691,346	$1,426,422	$1,420,100	$1,831,730
Payments to Acquire Loans Held-for-investment	$677,287	$298,247	$1,127,476	$1,053,151
Payments to Acquire Real Estate	—	$363	$10,651	$9,799
Payments for (Proceeds from) Real Estate Held-for-investment	—	—	$-5,866	$0
Payments to Acquire Held-to-maturity Securities	—	—	$9,021	$9,021
Payments to Acquire Equity Method Investments	—	$627	$0	$895
Proceeds from Real Estate and Real Estate Joint Ventures	$1,288	$0	$0	$0
Net Cash Provided by (Used in) Investing Activities	$13,487	$1,116,237	$264,291	$667,507
Proceeds from Long-term Lines of Credit	$811,119	$601,861	$1,717,335	$1,565,157
Proceeds from Issuance of Secured Debt	$0	—	$310,765	$100,952
Proceeds from Noncontrolling Interests	$323	$1,367	$2,243	$9,141
Repayments of Secured Debt	$791,254	$1,594,531	$1,655,189	$1,484,798
Payments of Debt Issuance Costs	$5,811	$7,744	$25,547	$12,633
Payments of Ordinary Dividends, Common Stock	$118,854	$81,799	$66,860	$64,887
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$21,304	$21,304	$21,304	$21,304
Payments for Repurchase of Common Stock	$0	$10,026	$43,405	$52,389
Payment, Tax Withholding, Share-based Payment Arrangement	$1,979	$1,871	$1,344	$1,344
Net Cash Provided by (Used in) Financing Activities	$-271,510	$-1,290,566	$-355,783	$-756,118
Cash and Cash Equivalents, at Carrying Value	$135,898	$104,933	$84,617	$113,643
Restricted Cash and Cash Equivalents	$12,415	$1,614	$2,721	$3,695
Interest Paid, Excluding Capitalized Interest, Operating Activities	$430,275	$398,805	$315,915	$282,719
Income Taxes Paid	$296	$371	$0	$-1
Dividends Payable	$29,805	$17,178	$16,092	$15,205
Amortization of Debt Issuance Costs and Discounts	$26,182	$14,375	$14,093	$14,298
Depreciation, Depletion and Amortization	—	$983	$2,604	$3,594
Share-based Payment Arrangement, Noncash Expense	$8,075	$8,261	$7,927	$7,366
Gain (Loss) on Sale of Investments	$0	$-615	$1,192	$0
Foreign Currency Transaction Gain (Loss), before Tax	—	—	$1,190	$-2,661
Derivative, Gain (Loss) on Derivative, Net	—	—	$-1,265	$1,394
Increase (Decrease) in Accrued Interest Receivable, Net	$1,998	$-12,178	$-3,555	$-4,487
Increase (Decrease) in Other Operating Assets	$-244	$796	$-176	$2,071
Increase (Decrease) in Interest Payable, Net	$2,350	$-268	$-7,047	$-1,775
Increase (Decrease) in Due to Affiliates	$-154	$-604	$588	$802
Increase (Decrease) in Accounts Payable and Accrued Liabilities	$-619	$-2,013	$-3,325	$-3,325

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Import this data to Google Sheets with:

=jivedata("KREF","financials")

Full statements spill as a table. For one cell: =jivedata("KREF","Revenue") or =jivedata("KREF","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.