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KREF · NYSE · REIT - Mortgage

KKR Real Estate Finance Trust (KREF)

Originates floating-rate senior loans against institutional commercial real estate.

$6.68

vs last close−0.08 (−1.26%)

In millions of USD, except per-share figures

In millions	Q3 FY23Sep 2023	Q4 FY23Dec 2023	Q1 FY24Mar 2024	Q2 FY24Jun 2024	Q3 FY24Sep 2024	Q4 FY24Dec 2024	Q1 FY25Mar 2025	Q2 FY25Jun 2025	Q3 FY25Sep 2025	Q4 FY25Dec 2025	Q1 FY26Mar 2026	Q2 FY26Jun 2026
Revenue	168	169	158	156	150	128	118	119	114	108	102	91
Cost of revenue	9	9	12	13	12	13	12	13	14	14	16	16
Gross profit	158	159	147	143	138	116	106	106	99	93	86	75
	14	54	38	9	42	8	29	54	4	47	69	126
	0	0	0	0	0	0	0	0	0	9	5	5
Selling & marketing	0	0	0	0	0	0	0	0	0	1	0	0
General & administrative	0	0	0	0	0	0	0	0	0	8	5	5
Other expenses	14	54	38	9	42	8	29	54	4	37	64	121
Operating income	145	105	108	134	96	108	77	52	96	47	17	−51
	−118	−118	−112	−108	−103	−89	−83	−83	−83	−74	−74	−67
Interest income	163	165	152	149	140	124	114	112	108	101	96	85
Interest expense	119	119	112	109	103	88	83	82	83	76	70	67
Other non-operating income	−1	0	−1	−1	0	0	0	1	0	−2	5	−1
Income before tax	27	−13	−3	26	−7	20	−6	−31	13	−27	−57	−117
Income tax expense	0	0	0	0	0	0	0	0	0	0	0	0
Net income from continuing operations	27	−13	−3	26	−7	20	−6	−31	13	−27	−57	−117
Net income	27	−13	−3	26	−7	20	−5	−30	14	−26	−56	−116
EPS, basic	$0.31	−$0.19	−$0.05	$0.29	−$0.19	$0.21	−$0.15	−$0.53	$0.12	−$0.49	−$0.96	−$1.95
EPS, diluted	$0.31	−$0.19	−$0.05	$0.29	−$0.19	$0.21	−$0.15	−$0.53	$0.12	−$0.49	−$0.96	−$1.95
Weighted average shares, basic	69	69	69	69	69	69	69	67	66	65	65	62
Weighted average shares, diluted	69	69	69	69	69	69	69	67	66	65	65	62
EBITDA	146	106	109	134	96	109	77	52	96	49	14	−49
Depreciation & amortization	0	0	0	0	0	0	0	0	1	1	1	1
EBIT	146	106	109	134	96	108	77	52	95	48	13	−50