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KKR Real Estate Finance Trust logo

KKR Real Estate Finance Trust Cash Flow Statement

Operating, investing, and financing cash movements

KKR Real Estate Finance Trust generated $69.5M in operating cash flow over the trailing twelve months. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$69.5MNet Cash From Investing (TTM)$807.4MNet Cash From Financing (TTM)-$773.7MDepreciation And Amortization Cf (TTM)$3.1MNet Change In Cash (TTM)$30.0M
Latest FilingQ1 2026
Report Date2026-04-22
Market Cap$428.9M
ROE-8.18%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of debt issuance costs$1.3M$3.1M$3M$4.7M$3.3M$3.5M
Change in accrued investment income-$3.5M-$787K-$1.9M-$334K-$547K$1.8M
Change in other assets$2.2M$2.5M-$2.7M-$1M—$4.8M
Change in other liabilities—$1.5M-$2M$854K—$3.2M
Depreciation and amortization$495K$490K$491K$730K$893K$979K
Net Gain (Loss) on Derivatives$0$0———$6.9M
Foreign Currency Transaction Gain (Loss)$0$0———-$5.4M
Net cash from operating activities$18.3M$15.9M$21.1M$18.5M$16.7M$13.1M
Net income$19.6M-$5.7M-$30.6M$12.8M-$26.9M-$57.2M
Accretion Of Deferred Loan Costs And Discounts$3.7M$3.4M$4.5M$4.3M$4.8M$4.1M
Non-cash interest expense$1.3M$3.1M$3M$4.7M$3.3M$3.5M
Provision for credit losses, net$4.6M$24.9M$49.8M$975K$43.7M$73.5M
Foreign currency remeasurement (loss) gain on debt$0$0———-$5.4M
Increase (Decrease) in Accrued Interest Receivable, Net-$3.5M-$787K-$1.9M-$334K-$547K$1.8M
Increase (Decrease) In Equity Method Investments-$885K-$882K-$1.4M-$865K-$373K-$495K
Assets related to real estate owned, held for sale, net of liabilities—-$497K-$254K-$778K$2.6M-$1.7M
Increase (Decrease) in Other Operating Assets$2.2M$2.5M-$2.7M-$1M—$4.8M
Payments For Interest Paid In Kind$388K$402K$369K$410K$322K$0
Stock-based compensation$1.6M$2.1M$2.1M$2.2M$1.5M$1.8M
Change in Interest Payable-$2.8M-$5.2M-$1.7M-$358K$0$1.8M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from Lines of Credit$137.5M$603.4M$399.9M$285.5M$428.5M$239.7M
Proceeds from minority shareholders$1.1M$774K$201K$267K$1M$5.6M
Contributions from noncontrolling interests$1.1M$774K$201K$267K$1M$5.6M
Proceeds from Long-term Lines of Credit$137.5M$603.4M$399.9M$285.5M$428.5M$239.7M
Dividends paid$17.3M$17.2M$17M$16.4M$16.3M$16.1M
Dividends paid on preferred stock$5.3M$5.3M$5.3M$5.3M$5.3M$5.3M
Changes in money pool with Exelon—-$122K$343K$0$414K-$997K
Payments Of Debt Issuance Costs$1.5M$14.2M$2.2M$6.9M$2.3M$1.7M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$5.3M$5.3M$5.3M$5.3M$5.3M$5.3M
Principal Repayments On Borrowings Under Convertible Notes$0$0$0$0$0—
Principal Repayments On Borrowings Under Secured Term Loan$0$0$1.4M$1.6M$1.6M$1.6M
Repayments Of Borrowings Under Collateralized Loan Obligations$176.5M$185.1M$133.2M$123.4M$126.1M$132.2M
Proceeds from Secured Long-Term Debt$0$209.8M—$101M—$0
Repayments of Secured Debt$356.6M$377M$476.2M$533.7M$268.3M$300.1M
Net proceeds from sales of subsidiary shares$1.1M$774K$201K$267K$1M$5.6M
Proceeds from revolving credit facility$137.5M$603.4M$399.9M$285.5M$428.5M$239.7M
Proceeds from Minority Shareholders$1.1M$774K$201K$267K$1M$5.6M
Proceeds from Sale of Noncontrolling Interests$1.1M$774K$201K$267K$1M$5.6M
Net cash from financing activities-$430.5M$205.3M-$255.2M-$304.9M-$1.1M-$212.6M
Payment of debt issuance costs$1.5M$14.2M$2.2M$6.9M$2.3M$1.7M
Proceeds from Minority Shareholders$1.1M$774K$201K$267K$1M$5.6M
Repurchases of common stock$10M$9.8M$20.1M$4.2M$9.3M$762K
Proceeds from Minority Shareholders$1.1M$774K$201K$267K$1M$5.6M
Proceeds from Issuance of Secured Debt$0$209.8M—$101M—$0

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest paid$90M$84.7M$80.8M$78.3M$72.1M$64.4M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Contributions To Equity Method Investment—$1.1M———$691K
Payments For Capital Expenditures, Real Estate Owned$20K$1.3M$613K$980K$2.7M$2.9M
Payments to Acquire Held-to-Maturity Securities$0$2.3M$2.3M$2.3M$2.3M—
Payments To Acquire Interest In Collateralized Mortgage Backed Securities Trust—$0———$15M
Payment for Acquisition, Loan, Held-for-Investment$58.4M$400.2M$226.3M$79.9M$421.1M$194.7M
Net cash from investing activities$407.6M-$220.5M$236.7M$383.6M—$249.5M
Purchases of fixed maturity securities$0$2.3M$2.3M$2.3M$2.3M—
Purchases of investments—$0$9M——$26.8M
Proceeds from Principal Repayments on Loans and Leases$467.2M$182.1M$447.7M$482.7M$307.6M$489.7M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash-$4.6M$797K$2.6M$97.2M-$119.8M$50M
Consolidation of variable interest entities, CMBS Trust (incremental assets and liabilities)$0$0$483M——$752.7M
Deferred financing costs, not yet paid-$1.7M$1.2M——$417K$0
Loan principal repayments held by a servicer-$10M$1.5M$3M$0$72.8M$0