KKR Real Estate Finance Trust I (KREF) Cash Flow 2020-2026

Operating cash flow, free cash flow, FCF margin, and earnings quality

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $2.53M
TTM Free Cash Flow: $9.49M
FCF Margin: 11.2%
FCF / Net Income: -0.0

TTM FCF of $9.49M on $2.53M in operating cash flow. The FCF / Net Income ratio of -0.0x means the business consumes cash — it is not yet self-funding.

Operating Cash Flow

Cash generated from core business operations

Free Cash Flow

Cash the business generates after maintaining itself

FCF Margin (TTM %)

TTM FCF / TTM Revenue — 10%+ signals a capital-efficient business model

FCF / Net Income (TTM)

TTM FCF / TTM Net Income — above 1 means earnings are backed by real cash