Accessibility Menu
Kkr Real Estate Finance Trust logo

Kkr Real Estate Finance Trust(NYSE) KREF

Market Cap$432.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2017)-18%
5 Year-42%
1 Year-11%
1 Month+4%
$7.37
+0.61%
+0.05Today
Kkr Real Estate Finance Trust last closing stock price
MetricPriceDate
Last closeUSD 7.332026-07-28
Kkr Real Estate Finance Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-3.43%USD 7.592026-07-21
1 month+3.7%USD 7.072026-06-26
3 month+20.7%USD 6.072026-04-29
Year to date-5.79%USD 7.782025-12-31
1 year-10.64%USD 8.202025-07-28
3 year-19.08%USD 9.062023-07-28
5 year-42.08%USD 12.652021-07-29
Since inception-17.98%USD 8.942017-05-05

Kkr Real Estate Finance Trust Financials at a Glance

Market Cap

$432.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$414.18M

Net Income (TTM)

-$184.96M

EPS (TTM)

-$3.27

P/E Ratio

-2.24

Dividend

$0.85

Beta (Volatility)

0.83 (Low)

Price

$7.37

Volume

113

Open

$7.32

Previous Close

$7.33

Daily Range

$7.29 - $7.44

52-Week Range

$5.25 - $9.98

Estimated Earnings Date

Oct 20, 2026

KREF News

No articles available.

KREF: Motley Fool Moneyball Superscore

35

Our CEO Is Handing Members His Secret Weapon

It's called Motley Fool Moneyball, our new proprietary AI tool

We spent over half a million dollars in R&D to build a tool that makes stock research faster, sharper, and smarter. Our analysts use it every day, and now, you can too.

Get Access Now

About Kkr Real Estate Finance Trust

KREF helps professional investors fund large commercial buildings. It provides loans for apartments, offices, and industrial centers. The company also manages properties it takes over from borrowers.

Money for Big Buildings

  • Senior Loans: Debt secured by properties that must be repaid first; these represent the majority of the loan portfolio.
  • Transitional Financing: Short-term loans for buildings undergoing significant renovations or changes in business plans.
  • Real Estate Owned: Properties managed directly by the company after taking legal title from borrowers following defaults.
  • CMBS Securities: Investments in commercial mortgage-backed securities, which are tradeable bundles of many different property loans.

Recent Changes and Property Ownership

  • Restructured a $100.4 million life science loan in Cambridge, MA in March 2026.
  • Acquired a multifamily complex in Raleigh, NC in August 2025 through an assignment-in-lieu of foreclosure.
  • Partnered with a KKR affiliate to take over an office property in Mountain View, CA in June 2024.
  • Purchased an additional parcel of land in Portland, OR in September 2025 to support an ongoing redevelopment project.

Why This Lender Stands Out

KREF is externally managed by a subsidiary of KKR, giving it access to a global network of real estate data and resources. The company primarily originates senior loans, which are designed to provide protection by being the first debt repaid if a borrower has financial trouble.

The Financial Scorecard

  • Revenue was $101.7 million in Q1 2026, down 13.8% from Q1 2025.
  • Operating income fell to $17.3 million in Q1 2026, down 77.6% year-over-year.
  • Net income reached -$56.1 million in Q1 2026, which worsened from a loss of -$4.9 million in Q1 2025.
  • Free cash flow was $10.2 million in Q1 2026, down 30.3% from the previous year.

Bottom Line

KREF has shifted from a pure lender to a manager of properties it has taken over through foreclosure. This evolution focuses on navigating market challenges in the office and life science sectors while relying on its deep ties to KKR.

AI Generated • May 7, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

CEO

Matthew A. Salem

Headquarters

New York City, NY 10001, US

KREF Financials

Key Financial Metrics (TTM)

Gross Margin

85.57%

Operating Margin

26.35%

Net Income Margin

-44.66%

Return on Equity

-16.70%

Return on Capital

4.63%

Return on Assets

-2.82%

Earnings Yield

-44.64%

Dividend Yield

11.60%

Payout Ratio

-46.60%

Stock Overview

Market Cap

$432.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

59.01M

Volume

113

Avg. Volume

1.17M

Financials (TTM)

Gross Profit

$354.41M

Operating Income

$109.13M

EBITDA

$110.04M

Operating Cash Flow

$63.00M

Capital Expenditure

-$3.69M

Free Cash Flow

$59.32M

Cash & ST Invst.

$83.06M

Total Debt

$4.31B

Kkr Real Estate Finance Trust Performance Analysis

Kkr Real Estate Finance Trust annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 436,507,00052.8%
20232023-12-31USD 660,194,00051.2%
20242024-12-31USD 592,618,000-10.2%
20252025-12-31USD 457,959,000-22.7%
Kkr Real Estate Finance Trust sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-4.0%
Q42025-12-31-5.6%
Q12026-03-31-5.4%
Q22026-06-30-10.5%
Kkr Real Estate Finance Trust annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.23-89.7%
20232023-12-31USD -0.78N/A
20242024-12-31USD 0.19N/A
20252025-12-31USD -1.05N/A
Kkr Real Estate Finance Trust sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30122.6%
Q42025-12-31-508.3%
Q12026-03-31-95.9%
Q22026-06-30-103.1%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$91.07M

-23.2%

Gross Profit

$75.30M

-28.7%

Gross Margin

82.68%

N/A

Market Cap

$432.55MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

0

N/A

Net Income

-$116.36M

-291.4%

EBITDA

-$49.04M

-194.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$83.06M

-22.9%

Total Debt

$4.31B

-20.3%

Accounts Receivable

$27.86M

-2.2%

Inventory

$0.00

N/A

Long Term Debt

$3.28B

-39.0%

Short Term Debt

$1.03B

+3256.1%

Return on Assets

-2.82%

N/A

Return on Invested Capital

1.97%

N/A

Free Cash Flow

$17.56M

-14.4%

Operating Cash Flow

$14.62M

-30.8%

Other Investments to Explore

People Also Watch

Symbol / CompanyPricePrice Chg
IVRInvesco Mortgage Capital Inc.
$7.51+0.94%
NREFNexPoint Real Estate Finance, Inc.
$17.13+1.54%
CMTGClaros Mortgage Trust, Inc.
$2.12-3.20%
RCReady Capital Corporation
$1.45-1.36%

Trending Stocks

Symbol / CompanyPricePrice Chg
MUUDirexion Shares ETF Trust - Direxion Daily Mu Bull 2x Shares
$24.55-0.18%
SKHYSK Hynix
$130.17-0.09%
TQQQProShares Trust - ProShares UltraPro Qqq
$61.56-0.03%
TSLLDirexion Shares ETF Trust - Direxion Daily Tsla Bull 2x Shares
$7.15-0.01%

Questions About KREF

What is the current price of Kkr Real Estate Finance Trust?

Kkr Real Estate Finance Trust is trading at $7.33 per share.

What is the 52-week range for Kkr Real Estate Finance Trust?

Over the past 52 weeks, Kkr Real Estate Finance Trust has traded between $5.25 and $9.98.

How much debt does Kkr Real Estate Finance Trust have?

As of the most recent reporting period, Kkr Real Estate Finance Trust reported total debt of $4.31B.

How much cash does Kkr Real Estate Finance Trust have on hand?

Kkr Real Estate Finance Trust reported $83.06M in cash and cash equivalents in its most recent financial results.

What is Kkr Real Estate Finance Trust’s dividend yield?

Kkr Real Estate Finance Trust currently has a dividend yield of 11.60%.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.