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KKR Real Estate Finance Trust·Income Statement·93 metrics

Breakdown

MetricQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amount of aggregate cash proceeds and any capital contributions$1B
Repayments and sales of loans$326M$298.5M$182.1M$447.7M$482.7M$489.7M
Repayments of Secured Debt$389.4M$466.5M$377M$476.2M$533.7M$300.1M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$228M$243.9M$407.6M-$220.5M$236.7M$383.6M$249.5M
Proceeds from long-term lines of credit$147.9M$197.8M$603.4M$399.9M$285.5M$239.7M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$264.8M-$294.5M-$430.5M$205.3M-$255.2M-$304.9M-$1.1M-$212.6M
Payment for Acquisition, Loan, Held-for-Investment$90.6M$53.4M$58.4M$400.2M$226.3M$79.9M$421.1M$194.7M
Repayments Of Borrowings Under Collateralized Loan Obligations$0$185.1M$133.2M$123.4M$132.2M
Interest and Fee Income, Loans and Leases$149.2M$140.2M$123.6M$114M$112.3M$108M$101.3M$95.9M
Cash liquidity covenant amount (greater of)$75M$75M
Total provisions for credit losses$2.8M$39.3M$25.2M$49.7M$147K$74.1M
Provision for credit losses, net$4.5M$38.2M$4.6M$24.9M$49.8M$975K$43.7M$73.5M
Interest Paid, Net$107.1M$93.3M$90M$84.7M$80.8M$78.3M$72.1M$64.4M
Interest Paid, Excluding Capitalized Interest, Operating Activity$107.1M$93.3M$90M$84.7M$80.8M$78.3M$72.1M$64.4M
Weighted average common shares outstanding (in shares)69.3M69.3M68.6M67M65.6M64.3M
Account Balances$0$62.9M
Reclassifications Net of Tax$20.2M-$13M$14.6M-$10.6M-$35.4M$8.1M-$32M-$61.9M
Net loss$25.5M-$7.3M-$5.7M-$30.6M$12.8M-$57.2M
Net Change in Cash and Restricted Cash-$6.1M-$1.5M$797K$2.6M$97.2M$50M
Payments to Acquire Investments$0$0$9M$26.8M
Interest Income (Expense), Operating$40.4M$37M$35.1M$31.3M$30.2M$25.3M$25.8M$26.2M
Allowance For Credit Loss, Writeoff$1.8M$14.4M$17.3M
Payments of Ordinary Dividends, Common Stock$17.3M$17.3M$17.3M$17.2M$17M$16.4M$16.3M$16.1M
Cash Dividends, Common Stock$17.3M$17.3M$17.3M$17.2M$17M$16.4M$16.3M$16.1M
Dividends, Common Stock$17.3M$17.3M$17M$16.4M$16.3M$16.1M
Payments To Acquire Interest In Collateralized Mortgage Backed Securities Trust$0$15M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$30.6M$49.1M$18.3M$15.9M$21.1M$18.5M$16.7M$13.1M
Expenses from real estate owned operations$6.3M$5.5M$5.7M$5.5M$6.2M$7.3M$6.7M$8.1M
Derivative, Gain (Loss) on Derivative, Net$0$0$0$0$6.9M
Contributions from Noncontrolling Interests$0$233K$774K$201K$267K$5.6M
Proceeds from Noncontrolling Interests$0$233K$1.1M$774K$201K$267K$1M$5.6M
Management Fee To Affiliate$6.4M$5.9M$5.9M$5.8M$5.7M$5.6M$5.5M$5.5M
Gain (Loss), Foreign Currency Transaction, before Tax$0$0$0$0-$5.4M
Payments of Ordinary Dividends, Preferred Stock and Preference Stock$5.3M$5.3M$5.3M$5.3M$5.3M$5.3M$5.3M$5.3M
Real estate income$5.8M$8.5M$3.6M$2.9M$4M$4.7M$4.9M$4.9M
Property Operating Revenue$5.8M$8.6M$2.9M$4M$4.7M$4.9M
Increase (Decrease) in Other Operating Assets$1.2M-$2.1M$2.2M$2.5M-$2.7M-$1M$4.8M
Lease income — operating leases$4.8M$2.4M$1.7M$3.4M$4.3M$4.2M
Accretion Of Deferred Loan Costs And Discounts$4.9M$3.9M$3.4M$4.5M$4.3M$4.1M
Amortization Of Financing Costs And Discounts$4.3M$3.8M$1.3M$3.1M$3M$4.7M$3.3M$3.5M
Change in Other Liabilities-$504K$1.9M$1.5M-$2M$854K$3.2M
Other liabilities-$504K$1.9M$1.5M-$2M$854K$3.2M
Income (Loss) From Real Estate Owned Operations-$575K$3.1M-$2.6M-$2.2M-$2.6M-$3.2M
Payments For Capital Expenditures, Real Estate Owned$5.3M$685K$1.3M$613K$980K$2.9M
Stock-based compensation$2.2M$2.2M$1.6M$2.1M$2.1M$2.2M$1.5M$1.8M
Increase Decrease In Interest Payable Net-$2.6M$6.1M-$2.8M-$5.2M-$1.7M-$358K$0$1.8M
Share-based compensation expense related to employee stock plans$2.2M$2.2M$2.1M$2.1M$2.2M$1.8M
Increase Decrease In Accrued Interest Receivable Net-$4.1M-$4.2M-$3.5M-$787K-$1.9M-$334K-$547K$1.8M
Assets related to real estate owned, held for sale, net of liabilities$1.4M-$497K-$254K-$778K-$1.7M
Payments of Debt Issuance Costs$608K$3.4M$1.5M$14.2M$2.2M$6.9M$2.3M$1.7M
Principal Repayments On Borrowings Under Secured Term Loan$0$0$1.4M$1.6M$1.6M
Shares repurchased (in shares)1.2M
Net Income Loss Attributable To Noncontrolling Interest-$304K$60K-$888K-$847K-$1M-$1M
Due to affiliates-$472K-$122K$343K$0$414K-$997K
Depreciation$0$488K$490K$491K$730K$979K
Treasury stock, value, acquired$9.8M$20M$4.2M$800K
Payments for Repurchase of Common Stock$0$0$10M$9.8M$20.1M$4.2M$9.3M$762K
Purchase price$762K
Stock Repurchased During Period, Value$0$9.8M$20.1M$4.2M$762K
Other operating income$932K$6.2M$1.2M$591K$399K$698K
Contributions To Equity Method Investment$1.1M$691K
Increase (Decrease) In Equity Method Investments-$824K-$882K-$1.4M-$865K-$495K
Change in net assets of consolidated variable interest entities, CMBS trusts$0$0$0$0-$347K$1.1M$439K
Dividends, Participating Securities$283K$277K$363K$373K$373K$414K
Add: Weighted average deferred stock units (in shares)94.7K101.7K206.1K232.5K239.9K395.9K
Number of shares purchased (in shares)889.1K92.1K
Amortization Of Below Market Lease$91K$91K$91K$91K$91K$91K
Stock options excluded as their inclusion would be anti-dilutive (in shares)$24.3K$81K$85K$47.5K
Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation$42K
Credit Loss, Foreign Currency Translation Gain (Loss)$40K
Forward points on derivative instruments$0$35K
Amortization of capitalized software and acquired intangible assets$17K$17K$17K$17K$17K$17K
Off-Balance Sheet, Credit Loss, Foreign Currency Translation Gain (Loss)-$2K
Average price paid (in dollars per share)$11.03$8.25
Weighted Average Loan Risk Rating310.0%320.0%310.0%310.0%310.0%310.0%320.0%330.0%
Number of equity method investments (in investments)2.002.002.00
Total indebtedness covenant, percent of total assets, net of VIE liabilities (as a percent)83.3%
Percent of aggregate cash proceeds and any capital contributions75.0%75.0%
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Dividends per share declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Dividends declared (in dollars per share)$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Participating security dividends declared per share (usd per share)$0.25$0.25$0.25$0.25$0.25$0.25
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Common Stock Dividends Per Share Declared$0.3$0.3$0.3$0.3$0.3$0.3$0.3$0.3
Cash liquidity covenant, percent of recourse indebtedness (greater of)5.0%
Deferred financing costs, not yet paid$1.2M$0
Off-Balance Sheet, Credit Loss, Liability, Writeoff$0$0$0
Payments For Interest Paid In Kind$254K$324K$402K$369K$410K$0
Proceeds From Issuance Of Secured Debt$0$0$209.8M$101M$0
Value of shares repurchased$0$9.8M$20.1M$4.2M$0

Metrics

Common Stock Dividends Per Share Declared

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Change in Other Liabilities

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Common Stock Dividends Per Share

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Dividends per share declared

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Reclassifications Net of Tax

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Contributions from Noncontrolling Interests

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Net Change in Cash and Restricted Cash

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Dividends per share declared

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Common Stock Dividends Per Share Declared

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Interest Paid, Net

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Accretion Of Deferred Loan Costs And Discounts

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Share-based compensation expense related to employee stock plans

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Allowance For Credit Loss, Writeoff

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Amortization Of Below Market Lease

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Amortization Of Financing Costs And Discounts

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Amortization of capitalized software and acquired intangible assets

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Stock options excluded as their inclusion would be anti-dilutive (in shares)

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Dividends declared (in dollars per share)

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Contributions To Equity Method Investment

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Provision for credit losses, net

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Credit Loss, Foreign Currency Translation Gain (Loss)

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Cash liquidity covenant amount (greater of)

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Cash liquidity covenant, percent of recourse indebtedness (greater of)

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Amount of aggregate cash proceeds and any capital contributions

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Percent of aggregate cash proceeds and any capital contributions

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Total indebtedness covenant, percent of total assets, net of VIE liabilities (as a percent)

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Deferred financing costs, not yet paid

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Depreciation

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Forward points on derivative instruments

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Derivative, Gain (Loss) on Derivative, Net

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Dividends, Common Stock

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Dividends, Participating Securities

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Financing Receivable, Allowance for Credit Loss, Foreign Currency Translation

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Account Balances

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Gain (Loss), Foreign Currency Transaction, before Tax

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Income (Loss) From Real Estate Owned Operations

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Increase Decrease In Accrued Interest Receivable Net

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Due to affiliates

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Increase (Decrease) In Equity Method Investments

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Increase Decrease In Interest Payable Net

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Assets related to real estate owned, held for sale, net of liabilities

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Increase (Decrease) in Other Operating Assets

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Other liabilities

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Add: Weighted average deferred stock units (in shares)

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Interest and Fee Income, Loans and Leases

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Interest Income (Expense), Operating

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Interest Paid, Excluding Capitalized Interest, Operating Activity

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Management Fee To Affiliate

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Cash Provided by (Used in) Financing Activity, Including Discontinued Operation

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Cash Provided by (Used in) Investing Activity, Including Discontinued Operation

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Cash Provided by (Used in) Operating Activity, Including Discontinued Operation

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Net Income Loss Attributable To Noncontrolling Interest

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Net loss

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Number of equity method investments (in investments)

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Off-Balance Sheet, Credit Loss, Foreign Currency Translation Gain (Loss)

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Off-Balance Sheet, Credit Loss, Liability, Writeoff

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Lease income — operating leases

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Other operating income

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Participating security dividends declared per share (usd per share)

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Payments For Capital Expenditures, Real Estate Owned

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Payments For Interest Paid In Kind

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Payments for Repurchase of Common Stock

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Payments of Debt Issuance Costs

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Payments of Ordinary Dividends, Common Stock

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Payments of Ordinary Dividends, Preferred Stock and Preference Stock

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Payments To Acquire Interest In Collateralized Mortgage Backed Securities Trust

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Payments to Acquire Investments

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Payment for Acquisition, Loan, Held-for-Investment

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Principal Repayments On Borrowings Under Secured Term Loan

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Proceeds From Issuance Of Secured Debt

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Proceeds from long-term lines of credit

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Proceeds from Noncontrolling Interests

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Repayments and sales of loans

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Real estate income

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Expenses from real estate owned operations

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Property Operating Revenue

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Total provisions for credit losses

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Repayments Of Borrowings Under Collateralized Loan Obligations

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Repayments of Secured Debt

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Stock-based compensation

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Shares repurchased (in shares)

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Value of shares repurchased

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Purchase price

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Average price paid (in dollars per share)

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Number of shares purchased (in shares)

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Treasury stock, value, acquired

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Change in net assets of consolidated variable interest entities, CMBS trusts

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Weighted Average Loan Risk Rating

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Weighted average common shares outstanding (in shares)

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Cash Dividends, Common Stock

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Common Stock Dividends Per Share Declared

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Common Stock Dividends Per Share Declared

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Stock Repurchased During Period, Value

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