Loading…
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets in the United States. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans. The company has also elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $113M | - | $-47M | $67M | -4.0% | -27.2% | -232.2% |
| 2024 | $155M | - | $36M | $124M | 2.6% | -11.4% | -215.4% |
| 2023 | $175M | - | $-31M | $154M | -2.2% | 0.3% | -181.0% |
| 2022 | $175M | - | $38M | $139M | 2.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 174.73 | 175.22 | 155.17 | 112.98 |
| Operating Revenue | - | 174.73 | 175.22 | 155.17 | 112.98 |
| Selling General And Administration | - | 17.62 | 18.79 | 18.41 | 18.06 |
| Interest Income | - | 421.97 | 640.41 | 564.63 | 435.60 |
| Interest Expense | - | 236.10 | 458.80 | 412.91 | 322.96 |
| Net Interest Income | - | 185.87 | 181.61 | 151.72 | 112.64 |
| Pretax Income | - | 37.65 | -30.95 | 34.58 | -50.64 |
| Tax Provision | - | 0.06 | 0.71 | 0.25 | -0.16 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.01 | 1.79 | 0.16 | 0.05 |
| Net Income Continuous Operations | - | 37.59 | -31.66 | 34.33 | -50.49 |
| Net Income From Continuing And Discontinued Operation | - | 38.10 | -30.85 | 35.59 | -47.05 |
| Net Income From Continuing Operation Net Minority Interest | - | 38.10 | -30.85 | 35.59 | -47.05 |
| Net Income | - | 38.10 | -30.85 | 35.59 | -47.05 |
| Net Income Common Stockholders | - | 15.37 | -53.92 | 13.07 | -69.89 |
| Net Income Including Noncontrolling Interests | - | 37.59 | -31.66 | 34.33 | -50.49 |
| Normalized Income | - | 29.15 | -37.60 | 12.89 | -63.52 |
| Diluted NI Availto Com Stockholders | - | 15.37 | -53.92 | 13.07 | -69.89 |
| Basic Average Shares | - | 67.55 | 69.18 | 69.40 | 66.81 |
| Diluted Average Shares | - | 67.55 | 69.18 | 69.40 | 66.81 |
| Reconciled Depreciation | - | 0 | 0 | 0.98 | 2.60 |
| Total Unusual Items | - | 8.97 | 8.54 | 22.87 | 16.52 |
| Total Unusual Items Excluding Goodwill | - | 8.97 | 8.54 | 22.87 | 16.52 |
| Preferred Stock Dividends | - | 21.30 | 21.30 | 21.30 | 21.30 |
| Minority Interests | - | 0.51 | 0.81 | 1.26 | 3.44 |
| Gain On Sale Of Security | - | 0 | 0 | -0.62 | -0.07 |
| General And Administrative Expense | - | 17.62 | 18.79 | 18.41 | 18.06 |
| Other Gand A | - | 9.82 | 10.69 | 10.11 | 10.16 |
| Salaries And Wages | - | 7.80 | 8.10 | 8.30 | 7.90 |
| Otherunder Preferred Stock Dividend | - | 1.43 | 1.76 | 1.22 | 1.53 |
| Other Non Interest Expense | - | 11.75 | 13.68 | 23.10 | 25.68 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| KKR Real Estate Finance Trust Inc.this co. | KREF | $453M | - | 0.39 | -6.0% | - |
| One Liberty Properties, Inc. | OLP | $516M | 20.27 | 1.72 | 8.5% | 13.22 |
| Chiron Real Estate Inc. | XRN | $515M | - | 1.01 | -2.4% | 13.98 |
| Community Healthcare Trust Incorporated | CHCT | $494M | 96.77 | 1.15 | 1.2% | 13.34 |
| RE/MAX Holdings, Inc. | RMAX |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $494M |
| 60.54 |
| 1.09 |
| 1.8% |
| 10.81 |
| Farmland Partners Inc. | FPI | $456M | 14.46 | 0.99 | 6.9% | 13.23 |
| FRP Holdings, Inc. | FRPH | $452M | 135.80 | 1.06 | 0.8% | 30.39 |
| FrontView REIT, Inc. | FVR | $415M | -108.44 | 1.06 | -1.0% | 14.82 |
| Gladstone Land Corporation | LAND | $402M | 29.75 | 0.60 | 2.0% | 12.45 |
| Peer Median | - | 29.75 | 1.06 | 1.5% | 13.28 | |