KKR Real Estate Finance Trust Inc.KREF

時価総額

$5.7億

PER

商業用不動産ローンを中心とするREITの大手。シニアローンやCMBS投資を展開。KKRが14.6%出資（2024年12月31日）。借入残高は約49.1億ドルで米国中心に展開。

	2017年 12月31日	2018年 12月31日	2019年 12月31日	2020年 12月31日	2021年 12月31日	2022年 12月31日	2023年 12月31日	2024年 12月31日
Net income (loss)	60	90	90	54	137	38	-32	34
Accretion of deferred loan fees and discounts	-	-	-	17	23	25	24	17
Payment-in-kind interest	-	-	-	-	2	2	-	1
Amortization of Debt Issuance Costs and Discounts	3	9	17	22	16	24	26	14
Loss (income) from equity method investments	1	1	1	-3	3	1	-2	-2
Credit Loss Expense (Reversal)	-	-	-	-	-	112	175	81
Depreciation and amortization	-	-	-	-	-	-	-	1
Stock-based compensation expense	0	2	4	6	7	8	8	8
Loss (gain) on sale of investment	-	13	-3	-	5	-	-	-1
Assets related to real estate owned, held for sale, net of liabilities	-	-	-	-	-	-	-	2
Accrued interest receivable, net	5	7	-0	-1	-0	24	2	-12
Other assets	-3	2	-0	0	1	-0	-0	1
Accrued interest payable	1	6	-1	-1	1	11	2	-0
Due to affiliates	3	-1	0	-0	1	1	-0	-1
Accounts payable, accrued expenses and other liabilities	-2	3	0	2	1	-1	-1	-2
Net cash provided by (used in) operating activities	54	77	92	115	125	141	156	133
Proceeds from principal repayments of commercial real estate loans	34	446	1,935	1,055	2,362	1,244	691	1,426
Originations and fundings of commercial real estate loans	1,202	2,541	2,865	966	3,905	2,420	677	298
Capital expenditures on real estate owned	-	-	-	-	-	-	2	8
Payment to acquire real estate owned	-	-	-	-	-	-	-	0
Net payment on sale of real estate owned, held for sale	-	-	-	-	-	-	-	1
Payment to acquire equity method investment, real estate asset	34	16	6	-	-	-	-	1
Contributions to equity method investment, real estate asset	-	-	-	-	-	-	-	2
Proceeds from Real Estate and Real Estate Joint Ventures	37	-	-	-	1	-	1	-
Net cash provided by (used in) investing activities	-1,084	-1,997	-926	89	-1,541	-1,177	13	1,116
Proceeds from Long-Term Lines of Credit	-	-	-	1,015	3,642	2,484	811	602
Proceeds From Issuance Of Collateralized Loan Obligation	-	-	-	-	1,095	848	-	-
Proceeds from Issuance of Common Stock	581	110	-	-	121	194	-	-
Net proceeds from issuances of preferred stock	-	-	-	-	167	151	-	-
Proceeds from Noncontrolling Interests	-	-	-	-	-	0	0	1
Principal repayments on borrowings under secured financing agreements	460	1,315	2,285	1,333	2,488	2,455	791	1,595
Principal repayments on borrowings under convertible notes	-	-	-	-	-	-	144	-
Principal repayments on borrowings under collateralized loan obligations	-	-	-	-	810	-	-	177
Payments of debt and collateralized debt obligation issuance costs	3	26	12	12	24	33	6	8
Payments of common stock dividends	51	89	99	96	96	115	119	82
Payments of preferred stock dividends	0	0	1	1	8	22	21	21
Payments of stock issuance costs	5	1	1	0	1	1	-	-
Payments to reacquire common stock	1	31	4	25	-	36	-	10
Tax withholding on stock-based compensation	-	0	0	1	6	3	2	2
Net cash provided by (used in) financing activities	1,037	1,903	816	-161	1,579	1,013	-272	-1,291
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash	-	-	-19	43	163	-23	-102	-42
Cash paid during the period for interest	-	67	146	103	95	201	430	399
Income Taxes Paid	1	1	0	0	0	1	0	0
Real Estate Owned, Acquisition	-	-	-	-	-	-	-	175
Acquisition Of Real Estate Owned, Other Assets	-	-	-	-	-	-	-	0
Other Liabilities, Assumption Of Real Estate	-	-	-	-	-	-	16	1
Transfer of senior loan to real estate owned	-	-	-	-	-	-	-	120
Noncontrolling interest contribution to real estate owned	-	-	-	-	-	-	-	54
Transfer of senior loan to equity method investment, real estate asset	-	-	-	-	-	-	-	82
Sale Of Real Estate Owned, Held For Sale	-	-	-	-	-	-	-	29
Seller Financing On Sale Of Real Estate Owned, Held For Sale	-	-	-	-	-	-	-	30
Loan Modification, Accounted For New Loan	-	-	-	-	-	-	199	55