KKR Real Estate Finance Trust Inc. (KREF) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, KKR Real Estate Finance Trust reported revenue of $13.6M, down 1.8% from $13.9M the year before. Net income was -$47.1M (a -344.9% net margin), or -$1.05 per diluted share. Operating activities generated $72.3M of cash. At fiscal year end, KKR Real Estate Finance Trust held $6.46B in total assets against $5.24B in total liabilities, including $84.6M of cash and equivalents.
Open the full interactive KKR Real Estate Finance Trust financials → Quarterly statements, key ratios, valuation history and price charts.
KKR Real Estate Finance Trust Key Stats
| Share Price | $5.93 |
|---|---|
| Market Cap | $370.4M |
| Revenue YoY Growth | -1.8% |
| 52-Week Range | $5.68 – $8.08 |
| Shares Outstanding | 62.5 million (basic, 2026 Q2) |
KKR Real Estate Finance Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $7.6M | $7.0M | $13.9M | $13.6M |
| Pre-Tax Income | $54.8M | $137.9M | $37.7M | -$30.9M | $34.6M | -$50.6M |
| Income Tax | $412,000 | $684,000 | $58,000 | $710,000 | $248,000 | -$156,000 |
| Net Income | $54.4M | $137.2M | $38.1M | -$30.9M | $35.6M | -$47.1M |
| Diluted EPS | $0.96 | $2.21 | $0.23 | -$0.78 | $0.19 | -$1.05 |
KKR Real Estate Finance Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $4.3M | $4.2M | $4.2M | $3.8M |
| Net Income | $13.8M | -$26.2M | -$56.1M | -$116.4M |
| Diluted EPS | $0.12 | -$0.39 | -$0.96 | -$1.95 |
KKR Real Estate Finance Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $110.8M | $271.5M | $239.8M | $135.9M | $104.9M | $84.6M |
| Total Assets | $4.97B | $6.70B | $7.80B | $7.55B | $6.35B | $6.46B |
| Total Long-Term Debt | $3.00B | $4.21B | $4.23B | $4.12B | $3.13B | $3.50B |
| Total Liabilities | $3.92B | $5.34B | $6.23B | $6.14B | $4.95B | $5.24B |
| Shareholders' Equity | $1.04B | $1.36B | $1.57B | $1.40B | $1.35B | $1.17B |
KKR Real Estate Finance Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $115.1M | $124.8M | $141.1M | $155.7M | $132.6M | $72.3M |
| Cash From Investing | $88.7M | -$1.54B | -$1.18B | $13.5M | $1.12B | $264.3M |
| Cash From Financing | -$160.6M | $1.58B | $1.01B | -$271.5M | -$1.29B | -$355.8M |
Figures from KKR Real Estate Finance Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full KKR Real Estate Finance Trust financials page for every line item.
KKR Real Estate Finance Trust Company Profile
| Ticker | KREF |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | New York, New York |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001631596 |
Frequently Asked Questions
What was KKR Real Estate Finance Trust's revenue in fiscal 2025?
KKR Real Estate Finance Trust (KREF) reported revenue of $13.6M for fiscal 2025.
What is KKR Real Estate Finance Trust's annual revenue history?
KKR Real Estate Finance Trust's annual revenue by fiscal year: 2020: $0; 2021: $0; 2022: $7.6M; 2023: $7.0M; 2024: $13.9M; 2025: $13.6M.
What was KKR Real Estate Finance Trust's net income in fiscal 2025?
KKR Real Estate Finance Trust reported net income of -$47.1M for fiscal 2025.
What was KKR Real Estate Finance Trust's earnings per share (EPS) in fiscal 2025?
KKR Real Estate Finance Trust's diluted EPS was -$1.05 for fiscal 2025 (adjusted for any later stock splits).
What was KKR Real Estate Finance Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), KKR Real Estate Finance Trust reported revenue of $3.8M.
How much debt does KKR Real Estate Finance Trust have?
KKR Real Estate Finance Trust reported $3.50B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of KKR Real Estate Finance Trust are outstanding?
KKR Real Estate Finance Trust reported a weighted average of 62.5 million basic shares outstanding in 2026 Q2.
What is KKR Real Estate Finance Trust's market cap?
Based on its latest closing price, KKR Real Estate Finance Trust (KREF) has a market capitalization of about $370.4M.
When does KKR Real Estate Finance Trust's fiscal year end?
KKR Real Estate Finance Trust's fiscal year end, as registered with the SEC, is December 31.
Where is KKR Real Estate Finance Trust headquartered?
KKR Real Estate Finance Trust lists its business address in New York, New York in its SEC filings.