KKR Real Estate Finance Trust Inc. (KREF) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 13.14M | 16.73M | 18.5M | 21.13M | 15.92M | 18.32M | 49.11M | 30.64M | 34.49M | 36.84M | 41.77M | 35.47M | 41.63M | 37.17M | 35.57M | 35.25M | 33.13M | 27.93M | 38.75M | 27.84M |
| Operating CF Growth % | -17.42% | -8.66% | -62.32% | -31.05% | -53.85% | -50.27% | 17.58% | -13.62% | -17.17% | -0.89% | 17.42% | 0.62% | 25.67% | 33.07% | -8.21% | 26.63% | 9.46% | 18.15% | 0.97% | 8.47% |
| Operating CF / Revenue % | 12.92% | 15.57% | 16.25% | 17.82% | 13.48% | 14.27% | 32.74% | 19.66% | 21.77% | 21.82% | 24.89% | 21.36% | 26.44% | 25.2% | 30.26% | 37.64% | 42.6% | 35.71% | 51.36% | 41.4% |
| Net Income | -57.16M | -26.94M | 12.77M | -30.57M | -5.75M | 19.56M | -7.33M | 25.53M | -3.43M | -13.11M | 26.83M | -20.12M | -25.25M | 20.1M | -42.91M | 25M | 35.41M | 40.34M | 35.67M | 31.08M |
| Depreciation & Amortization | 3.54M | 893K | 730K | 491K | 490K | 495K | 488K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 1.81M | 1.49M | 2.17M | 2.14M | 2.13M | 1.56M | 2.18M | 2.23M | 2.3M | 1.56M | 2.18M | 2.17M | 2.15M | 1.49M | 2.17M | 2.04M | 2.13M | 1.41M | 2.03M | 1.99M |
| Other Non-Cash Items | 69.25M | 42.2M | 1.82M | 48.16M | 25.07M | 2.64M | 38.63M | 4.15M | 33.51M | 49.81M | 9.99M | 57.16M | 62.51M | 21.41M | 79.53M | 11.03M | -3.98M | -11.6M | -3.15M | -3.27M |
| Working Capital Changes | -4.3M | -907K | 1.01M | 913K | -6.02M | -5.93M | 15.14M | -1.26M | 2.11M | -1.43M | 2.76M | -3.74M | 2.23M | -5.83M | -3.22M | -2.81M | -429K | -2.22M | 4.2M | -1.96M |
| Cash from Investing | 249.47M | -135.47M | 383.55M | 236.68M | -220.47M | 407.6M | 243.87M | 228.01M | 236.76M | 76.47M | -122.38M | 172.48M | -113.08M | -206.54M | 173.47M | -613.59M | -530.47M | -967.65M | 31.48M | -403.44M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -27.49M | -10.43M | -8.42M | -13.59M | -1.07M | -1.27M | -484K | -627K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 282.28M | -5.13M | 0 | 0 |
| Other Investing | 276.96M | -122.34M | 392.95M | 250.89M | -218.11M | 408.88M | 245.04M | 233.93M | 238.87M | 76.47M | -122.17M | 172.78M | -112.21M | -206.54M | 173.99M | -613.59M | -812.76M | -962.52M | 31.48M | -403.44M |
| Cash from Financing | -212.61M | -1.06M | -304.88M | -255.19M | 205.35M | -430.51M | -294.51M | -264.77M | -300.77M | -86.63M | -20.68M | -251.35M | 87.14M | 229.35M | -144.07M | 529.12M | 398.46M | 904.17M | 119.91M | 285.42M |
| Dividends Paid | -16.09M | -21.63M | -21.75M | -22.28M | -22.5M | -22.66M | -22.66M | -22.65M | -35.13M | -35.04M | -35.04M | -35.04M | -35.04M | -35.14M | -35.28M | -34.77M | -31.71M | -26.52M | -27.39M | -25.75M |
| Common Dividends | 0 | -16.31M | -16.42M | -16.96M | -17.18M | -17.33M | -17.33M | -17.33M | -29.8M | -29.72M | -29.72M | -29.71M | -29.71M | -29.82M | -29.95M | -29.21M | -26.39M | -23.92M | -23.92M | -23.92M |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -762K | -9.27M | -4.24M | -20.06M | -9.83M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7.45M | -10.26M | -18.08M | 0 | 0 | 0 | 0 |
| Other Financing | 283K | -2.69M | -6.62M | -1.95M | -13.39M | -12.24M | -3.17M | -608K | -2.25M | -3.37M | -2.05M | -1.38M | -664K | -9.71M | -7.25M | -8.87M | -10.82M | -10.78M | -15.7M | -1.68M |
| Net Change in Cash | 50.01M | -119.8M | 97.18M | 2.62M | 797K | -4.6M | -1.53M | -6.11M | -29.53M | 26.68M | -101.29M | -43.4M | 15.7M | 59.98M | 64.96M | -49.21M | -98.88M | -35.55M | 190.14M | -90.17M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 87.34M | 207.14M | 109.96M | 107.34M | 106.55M | 111.14M | 112.67M | 118.79M | 148.31M | 121.63M | 222.92M | 266.32M | 250.62M | 190.64M | 125.67M | 174.89M | 273.77M | 309.32M | 119.17M | 209.35M |
| Cash at End | 137.34M | 87.34M | 207.14M | 109.96M | 107.34M | 106.55M | 111.14M | 112.67M | 118.79M | 148.31M | 121.63M | 222.92M | 266.32M | 250.62M | 190.64M | 125.67M | 174.89M | 273.77M | 309.32M | 119.17M |
| Free Cash Flow | 13.14M | 14.03M | 17.52M | 20.51M | 14.63M | 18.3M | 48.42M | 25.35M | 32.38M | 36.84M | 41.55M | 35.17M | 40.77M | 37.17M | 35.05M | 35.25M | 33.13M | 27.93M | 38.75M | 27.84M |
| FCF Growth % | -10.18% | -23.35% | -63.81% | -19.08% | -54.8% | -50.32% | 16.54% | -27.91% | -20.58% | -0.89% | 18.56% | -0.25% | 23.05% | 33.07% | -9.55% | 26.63% | 9.46% | 18.15% | 0.97% | 8.47% |
| FCF / Revenue % | 12.92% | 13.05% | 15.39% | 17.3% | 12.4% | 14.26% | 32.28% | 16.27% | 20.44% | 21.82% | 24.76% | 21.18% | 25.89% | 25.2% | 29.81% | 37.64% | 42.6% | 35.71% | 51.36% | 41.4% |