KKR Real Estate Finance Trust Inc
For the period ended Dec 31, 2024. Filed Feb 3, 2025.
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FY2024 · Filed Feb 3, 2025
KREF$5.42-4.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(Amounts in thousands, except share and per share data)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $104,933 | $135,898 |
| Commercial real estate loans, held-for-investment | 5,888,622 | 7,343,548 |
| Less: Allowance for credit losses | (117,103) | (210,470) |
| Commercial real estate loans, held-for-investment, net | 5,771,519 | 7,133,078 |
| Real estate owned, held for investment, net | 262,479 | 82,091 |
| Real estate owned assets, held for sale | 56,554 | 101,017 |
| Equity method investment, real estate asset | 81,708 | — |
| Equity method investment, CMBS B-Pieces | 35,598 | 35,076 |
| Accrued interest receivable | 28,754 | 41,003 |
| Other assets | 8,853 | 19,455 |
| Total Assets | $6,350,398 | $7,547,618 |
| Liabilities and Equity | ||
| Liabilities | ||
| Secured financing agreements, net | $2,798,674 | $3,782,419 |
| Collateralized loan obligations, net | 1,766,104 | 1,942,171 |
| Secured term loan, net | 333,853 | 335,331 |
| Accrued interest payable | 19,939 | 20,207 |
| Dividends payable | 17,178 | 29,805 |
| Real estate owned liabilities, held for sale | 1,328 | 15,883 |
| Due to affiliates | 5,919 | 8,270 |
| Other liabilities | 8,524 | 9,350 |
| Total Liabilities | 4,951,519 | 6,143,436 |
| Commitments and Contingencies (Note 13) | — | — |
| Equity | ||
| Preferred Stock, $0.01 par value, 50,000,000 shares authorized | ||
| Series A cumulative redeemable preferred stock, (13,110,000 shares issued and outstanding as of December 31, 2024 and December 31, 2023); liquidation preference of $327,750, or $25.00 per share | 131 | 131 |
| Common stock, $0.01 par value, 300,000,000 authorized (68,713,596 shares issued and outstanding as of December 31, 2024; 75,299,556 shares issued and 69,313,860 shares outstanding as of December 31, 2023) | 686 | 693 |
| Additional paid-in capital | 1,714,684 | 1,815,077 |
| Accumulated deficit | (370,471) | (314,370) |
| Repurchased stock (5,985,696 shares repurchased as of December 31, 2023) | — | (96,764) |
| Total KKR Real Estate Finance Trust Inc. Stockholders’ Equity | 1,345,030 | 1,404,767 |
| Noncontrolling interests in equity of consolidated joint ventures | 53,849 | (585) |
| Total Equity | 1,398,879 | 1,404,182 |
| Total Liabilities and Equity | $6,350,398 | $7,547,618 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.