KREF · XBRL financial data

KKR Real Estate Finance Trust financial statements, every fiscal year

The same tables from 6 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 years (KREF's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
General and administrative	14	14	18	19	18	18
Total operating expenses	—	—	—	11	22	23
Interest expense	127	114	236	459	—	—
Income tax expense (benefit)	0	1	0	1	0	(0)
Net income (loss)	54	137	38	(31)	36	(47)
Earnings per share, basic USD per share	0.96	2.22	0.23	(0.78)	0.19	(1.05)
Earnings per share, diluted USD per share	0.96	2.21	0.23	(0.78)	0.19	(1.05)
Weighted average shares, basic millions of shares	56	57	68	69	69	67
Weighted average shares, diluted millions of shares	56	57	68	69	69	67

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	111	271	240	136	105	85
Total assets	4,966	6,703	7,802	7,548	6,350	6,465
Total deposits	1	—	—	—	—	—
Total liabilities	3,920	5,342	6,231	6,143	4,952	5,239
Accumulated deficit	(66)	(38)	(142)	(314)	(370)	(506)
Total stockholders' equity	1,044	1,361	1,572	1,405	1,345	1,173
Total liabilities and equity	4,966	6,703	7,802	7,548	6,350	6,465
Common shares outstanding (cover page) millions of shares	56	61	69	69	69	64

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	54	137	38	(31)	36	(47)
Stock-based compensation	6	7	8	8	8	8
Depreciation and amortization	—	—	0	0	1	3
Net cash from operating activities	115	125	141	156	133	72
Net cash from investing activities	89	(1,541)	(1,177)	13	1,116	264
Proceeds from issuing common stock	0	121	194	0	0	—
Share repurchases	25	0	36	0	10	43
Dividends paid	96	96	115	119	82	67
Net cash from financing activities	(161)	1,579	1,013	(272)	(1,291)	(356)
Net change in cash	43	163	(23)	(102)	(42)	(19)

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.