# KKR Real Estate Finance Trust Inc. (KREF) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from KKR Real Estate Finance Trust Inc.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/KREF/mda/fy2025/): filed 2026-02-03; accession 0001628280-26-005092 (https://www.sec.gov/Archives/edgar/data/1631596/000162828026005092/kref-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/KREF/mda/fy2024/): filed 2025-02-03; accession 0001631596-25-000012 (https://www.sec.gov/Archives/edgar/data/1631596/000163159625000012/kref-20241231.htm)
- [FY 2023 MD&A](/company/KREF/mda/fy2023/): filed 2024-02-06; accession 0001631596-24-000008 (https://www.sec.gov/Archives/edgar/data/1631596/000163159624000008/kref-20231231.htm)
- [FY 2022 MD&A](/company/KREF/mda/fy2022/): filed 2023-02-07; accession 0001631596-23-000009 (https://www.sec.gov/Archives/edgar/data/1631596/000163159623000009/kref-20221231.htm)
- [FY 2021 MD&A](/company/KREF/mda/fy2021/): filed 2022-02-08; accession 0001631596-22-000012 (https://www.sec.gov/Archives/edgar/data/1631596/000163159622000012/kref-20211231.htm)

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