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KKR Real Estate Finance Trust logo

KKR Real Estate Finance Trust Balance Sheet Statement

Assets, liabilities, and shareholders' equity

KKR Real Estate Finance Trust holds $7.0B in total assets. Shareholders' equity is $1.1B against $4.1B in total debt. Cash and equivalents total $137.3M. Based on the Q1 2026 filing.

Total Assets$7.0BTotal Stockholders Equity$1.1BLong Term Debt$2.8BCash And Equivalents$137.3M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$428.9M
ROE-8.18%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accrued expenses$1.7M$3.6M$2.1M$1.8M$1.7M$2.2M
Current portion of long-term debt—$168.7M$30.7M$406.5M—$1.2B
Derivative Liabilities - Fair Value————$1.3M$0
Dividends payable$17.2M$17M$16.4M$16.3M$16.1M$16.1M
Lease Liability Payments - 2021—$5.8M$7M$8.5M—$5.1M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$1.7B$1.7B$1.7B$1.7B$1.7B$1.7B
Common stock686K300M300M300M300M300M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued68.7M67.8M65.7M65.2M65.5M64.3M
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$686K$678K$657K$652K$644K$643K
Noncontrolling interests$53.8M$53.7M$53.1M$52.4M$52.7M$57.2M
Retained earnings-$370.5M-$398M-$449.8M-$458M-$506.1M-$584.1M
Share Repurchase Authorization Limit—$80.2M$60.2M$56M—$46M
Share Repurchase Program - Amount Remaining—$80.2M$60.2M$56M—$46M
Total liabilities and stockholders' equity$6.4B$6.6B$6.8B$6.5B$6.5B$7B
Total stockholders' equity$1.3B$1.3B$1.2B$1.2B$1.2B$1.1B
Treasury stock$0———$9.3M$0

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Assets held for sale$56.6M$56.9M$127M$127.9M$130.2M$131.6M
Cash and cash equivalents$106.5M$107.3M$110M$207.1M$87.3M$137.3M
Prepaid expenses and other$1.8M$4.6M$2.5M$2.3M$2M$3.8M
Derivative assets————$0$5.6M
Loans held for sale————$0$220M
Operating Lease Income - 2022 (Lessor)—$5.8M$7M$8.5M—$5.1M
Operating Lease Income - 2025 (Lessor)—$2.5M$2.5M$2.5M—$2.3M
Operating Lease Receivables (Current)—$5.8M$7M$8.5M—$5.1M
Prepaid expenses and other current assets$1.8M$4.6M$2.5M$2.3M$2M$3.8M
Restricted cash$1.6M$933K$2.2M$3M$2.7M$1.9M

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for credit losses$117.1M$142.3M$171.6M$157.3M$201.9M$258.7M
Deferred tax assets$0$0$0$0$0$0
Equity method investments————$147.3M$147.3M
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)—$67K$67K$67K—$50K
Foreclosed Assets$262.5M$263.3M$258.8M$338.9M$338.6M$340M
Other Assets$8.9M$15.9M$17.3M$15M$112.8M$49.6M
Operating Lease Income - 2026 (Lessor)—$4.9M$4.9M$4.9M—$3.6M
Operating Lease Income - 2027 (Lessor)—$3.5M$3.5M$3.5M—$2.8M
Operating Lease Income - 2028 (Lessor)—$2.5M$2.5M$2.5M—$2.3M
Other Investments————$0$26.8M
Other non-current assets$8.9M$3.5M$3.5M$3.5M$87.7M$2.8M
Total assets$6.4B$6.6B$6.8B$6.5B$6.5B$7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Commitments and contingencies$0$0$0$0$0$0
Gross Assets/Liabilities————$1.3M$0
Operating Lease Income - 2023 (Lessor)—$3.5M$3.5M$3.5M—$2.8M
Operating Lease Income - 2024 (Lessor)—$3.5M$3.5M$3.5M—$2.8M
Allowance for credit loss$119.6M$144.4M$173.9M$160.4M$204.1M$260.3M
Assets related to real estate owned, held for investment$2.7M$3.8M$1.9M$1.9M$2.7M$5.7M
Below Market Lease, Amortization Income, Year One—$365K$365K$365K—$274K
Common stock, par value (in dollars per share)$0$0$0$0$0$0
Common stock, shares authorized (in shares)$300M$300M$300M$300M$300M$300M
Common stock, shares issued (in shares)$68.7M$67.8M$65.7M$65.2M$65.5M$64.3M
Common Stock, Shares, Outstanding$68.7M$67.8M$65.7M$65.2M$64.4M$64.3M
Long-term debt, gross—$3B$3B$2.7B—$2.8B
Cash liquidity covenant amount (greater of)——$10M$10M—$10M
Interest income to interest expense ratio——130.0%——130.0%
Deferred Tax Assets, Net$0$0$0$0$0$0
Derivative Liability————$1.3M$0
Equity method investments (Note 11)————$147.3M$147.3M
2027—$67K$67K$67K—$50K
Thereafter—$5M$5.2M$5.2M—$6M
Remainder of fiscal 2026—$5.2M$5.2M$3.5M—$7.4M
Amount outstanding under the credit facility$2.8B$3B$2.9B$2.7B$2.9B$2.8B
Loan principal repayments held by a servicer$0—$4.5M$1.5M$74.3M$0
2028—$856.9M$917.6M$1.6B—$212.6M
2029—$1.4B$1.4B$218.5M—$153.3M
2029—$110.3M$63.2M$398.6M—$55.4M
2030—$210.1M$144.7M$103.2M—$803.4M
2027—$168.7M$30.7M$406.5M—$1.2B
Remainder of 2026———$22.3M—$337.4M
Noncontrolling interests in subsidiaries$53.8M$53.7M$53.1M$52.4M$52.7M$57.2M
Off-Balance-Sheet, Credit Loss, Liability$2.5M$2.1M$2.3M$3.1M$2.2M$1.7M
Real Estate Owned, Held For Investment, Liability$4.3M$5.1M$6.2M$7.9M$5.3M$7.5M
Share Repurchase Program, Remaining Authorized, Amount—$80.2M$60.2M$56M—$46M
Treasury stock, shares (in shares)————$1.1M—
Allowance for credit losses on unfunded commitments$2.5M$2.1M$2.3M$3.1M$2.2M$1.7M
Remainder of Fiscal Year 2024—$50K$33K$22.3M—$337.4M

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Instrument Face Amount$2.8B$3B$2.9B$2.7B$2.9B$2.8B
Debt Maturity - 2024———$22.3M—$337.4M
Debt Maturity - 2027—$1.4B$1.4B$218.5M—$153.3M
Debt - Unamortized Discount (Premium) and Issuance Costs, Net$2.8M$6.5M$6.2M$6.2M$5.9M$5.5M
Long-term debt—$3B$3B$2.7B—$2.8B
Accrued expenses and other liabilities$1.7M$3.6M$2.1M$1.8M$1.7M$2.2M
Collateralized loan obligations, net$1.8B$1.6B$1.4B$1.3B$1.2B$1.1B
Real estate owned liabilities, held for sale$1.3M$1.2M$1.8M$1.1M$3.9M$3M
Secured Debt$333.9M$535.9M$535.1M$633.5M$632.5M$631.5M
Total Carrying Value of Debt—$3B$3B$2.7B—$2.8B
Total liabilities$5B$5.2B$5.5B$5.2B$5.2B$5.8B