KREF - NYSE
KKR Real Estate Finance Trust Inc.
$6.96
+2.1%KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (CRE) assets. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. The company has 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.
At a Glance
Live SnapshotKKR Real Estate Finance Trust Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.
Cash Flow Quality Insight
Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.
KKR Real Estate Finance Trust Inc. Cash Flow Statement
KREF • NYSE
| KKR Real Estate Finance Trust Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||
-50.5M | 34.3M | -31.7M | 37.6M | 137.2M | 54.4M | 90M | 89.8M | 60.1M | 32.3M | 17.2M | -2.1M | |
2.6M | 983K | 0.0 | 0.0 | 0.0 | 0.0 | 16.8M | 8.6M | 3.1M | 0.0 | 0.0 | 0.0 | |
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -16.8M | -24.9M | -5.3M | 0.0 | 0.0 | 0.0 | |
7.9M | 8.3M | 8.1M | 7.8M | 7.4M | 5.7M | 4.1M | 2M | 65K | 0.0 | 0.0 | 0.0 | |
117.2M | 78.9M | 179.5M | 108M | -21.5M | 54.1M | -2.2M | 2.6M | -3.4M | -4.4M | -5.5M | -160K | |
(0.0) | (371K) | (296K) | (708K) | (409K) | (124K) | (398K) | (755K) | (806K) | (521K) | (0.0) | (0.0) | |
-5M | 10.1M | -177K | -12.3M | 1.7M | 932K | -159K | -1.2M | -775K | -2.4M | -145K | 2.3M | |
72.3M | 132.6M | 155.7M | 141.1M | 124.8M | 115.1M | 91.7M | 76.8M | 53.8M | 25.4M | 11.5M | 32K | |
INVESTING ACTIVITIES | ||||||||||||
-5.6M | -8.1M | -1.9M | -1.7M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -455K | -274K | (0.0) | |
-33.5M | -2.4M | (0.0) | (0.0) | (0.0) | (0.0) | -94M | -15.6M | -1.2B | -10.2M | -23.9M | (0.0) | |
0.0 | 0.0 | 1.3M | 0.0 | 1.3M | 0.0 | 94.1M | 99.7M | 37.3M | 2M | 92.3M | 0.0 | |
303.4M | 1.1B | 14.1M | -1.2B | -1.5B | 88.7M | -926.4M | -2.1B | 80.8M | -445.8M | -340.1M | -66.7M | |
(264.3M) | (1.1B) | (13.5M) | -1.2B | -1.5B | (88.7M) | -926.3M | -2B | -1.1B | -456.4M | -364.3M | -66.7M | |
FINANCING ACTIVITIES | ||||||||||||
-43.4M | -10M | 0.0 | 158.4M | 120.7M | -25.1M | -4.1M | 78.2M | 580.7M | 210M | 256.8M | 0.0 | |
-199.6M | -1.2B | -123.9M | 876.8M | 1.4B | -24.9M | 933M | 1.9B | 523.8M | 321.7M | 123.9M | 0.0 | |
-88.2M | -103.1M | -140.2M | -136.9M | -103.9M | -97.1M | -99.5M | -89.2M | -50.7M | -21.9M | -7.6M | (0.0) | |
-43.4M | -10M | (0.0) | -35.8M | (0.0) | -25.1M | -4.1M | -31.3M | -648K | (0.0) | (0.0) | (0.0) | |
-24.6M | -8.2M | -7.5M | -36.6M | -30.4M | -13.5M | -13.3M | -31.3M | 564.5M | -9.2M | 6.2M | 67M | |
-355.8M | -1.3B | -271.5M | 1B | 1.6B | -160.6M | 815.7M | 1.9B | 1B | 500.6M | 379.5M | 67M | |
CASH FLOW SUMMARY | ||||||||||||
-19.2M | -41.8M | -102.3M | -23.1M | 162.9M | 43.2M | -18.9M | -17M | 7.2M | 69.6M | 26.7M | 244K | |
106.5M | 148.3M | 250.6M | 273.8M | 110.8M | 67.6M | 86.5M | 103.5M | 96.3M | 26.8M | 61K | 0.0 | |
87.3M | 106.5M | 148.3M | 250.6M | 273.8M | 110.8M | 67.6M | 86.5M | 103.5M | 96.3M | 26.8M | 244K | |
66.7M | 124.5M | 153.9M | 139.5M | 124.8M | 115.1M | 91.7M | 76.8M | 53.8M | 25M | 11.3M | 32K |
SEC Filings
KREF - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | April 22, 2026 | April 22, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 22, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 14, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 03, 2026 | April 14, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 03, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 03, 2026 | 2026 | |
8-K 8-K 2026 N/A | January 09, 2026 | January 05, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | October 21, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | October 21, 2025 | October 21, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 11, 2025 | September 08, 2025 | 2025 |
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