KREF · XBRL financial data

KKR Real Estate Finance Trust financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (KREF's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
General and administrative	5*	5	5	5	4*	5	5	5	4*	5	5	6
Total operating expenses	year only	6	6	5	5*	5	6	7	6*	7	7	7
Interest expense	119	112	109	—	—	—	—	—	—	—	—	—
Income tax expense (benefit)	0	0	0	0	0	0	0	0	(0)	0	0	0
Net income (loss)	(13)	(3)	26	(7)	20	(5)	(30)	14	(26)	(56)	(116)	(1)
Earnings per share, basic USD per share	(0.27)	(0.13)	0.29	(0.19)	0.21	(0.15)	(0.53)	0.12	(0.49)	(0.96)	(1.95)	(0.11)
Earnings per share, diluted USD per share	(0.27)	(0.13)	0.29	(0.19)	0.21	(0.15)	(0.53)	0.12	(0.49)	(0.96)	(1.95)	(0.11)
Weighted average shares, basic millions of shares	69	69	69	69	69	69	67	66	65	65	62	58
Weighted average shares, diluted millions of shares	69	69	69	69	69	69	67	66	65	65	62	58

Fiscal quarters (KREF's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	136	107	107	109	105	106	108	204	85	135	83	166
Total assets	7,548	7,257	7,064	6,774	6,350	6,555	6,755	6,485	6,465	6,950	6,559	5,191
Total liabilities	6,143	5,877	5,625	5,363	4,952	5,191	5,462	5,203	5,239	5,797	5,569	4,219
Accumulated deficit	(314)	(340)	(338)	(368)	(370)	(398)	(450)	(458)	(506)	(584)	(712)	(724)
Total stockholders' equity	1,405	1,381	1,386	1,358	1,345	1,310	1,240	1,230	1,173	1,096	932	910
Total liabilities and equity	7,548	7,257	7,064	6,774	6,350	6,555	6,755	6,485	6,465	6,950	6,559	5,191
Common shares outstanding (cover page) millions of shares	69	69	69	70	69	68	66	65	64	64	59	57

Fiscal quarters (KREF's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	(13)	(3)	26	(7)	20	(5)	(30)	14	(26)	(56)	(116)	(1)
Stock-based compensation	2*	2	2*	2*	2*	2	2*	2*	1*	2	2*	2*
Depreciation and amortization	0*	0	0*	0*	0*	0	0*	1*	1*	1	1*	1*
Net cash from operating activities	37*	34	31*	49*	18*	16	21*	19*	17*	13	15*	3*
Net cash from investing activities	76*	237	228*	244*	408*	(220)	237*	384*	(135)*	249	170*	1,208*
Proceeds from issuing common stock	0*	—	—	—	year only	—	—	—	—	—	—	—
Share repurchases	0*	0	0*	0*	10*	10	20*	4*	9*	1	38*	11*
Dividends paid	30*	30	17*	17*	17*	17	17*	16*	16*	16	16*	6*
Net cash from financing activities	(87)*	(301)	(265)*	(295)*	(431)*	205	(255)*	(305)*	(1)*	(213)	(238)*	(1,126)*
Net change in cash	27*	(30)	(6)*	(2)*	(5)*	1	3*	97*	(120)*	50	(53)*	85*

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
KKR Real Estate Finance Trust	166	not reported	2.5*	57.3M	—	Q3 FY26 10-QSep 30, 2026
Alexanders	300	72	17*	5.1M	—	Q3 FY26 10-QSep 30, 2026
Net Lease Office Properties	24	6.4	1.8*	14.8M	—	Q2 FY26 10-QJun 30, 2026
Peakstone Realty Trust	110	26	(9.7)	37.2M	11.3 quarters	Q1 FY26 10-QMar 31, 2026
Farmland Partners	7.9	9.8	(2.3)*	42.0M	—	Q3 FY26 10-QSep 30, 2026
CBL & Associates Properties	101	146	80*	30.9M	—	Q2 FY26 10-QJun 30, 2026
Saul Centers	5.9	77	31*	24.7M	—	Q2 FY26 10-QJun 30, 2026
Community Healthcare Trust	1.4	32	14*	28.7M	—	Q3 FY26 10-QSep 30, 2026
Universal Health Realty Income Trust	6.8	25	12*	13.9M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.