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Kkr Real Estate Finance Trust(NYSE) KREF

Market Cap$449.07MMarket 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)-16%
5 Year-38%
1 Year-10%
1 Month+4%
Premium Feature
Moneyball Superscore
35/100
$7.63
+1.06%
+0.08Today
After hours$7.62-$0.01 (-0.13%)
Kkr Real Estate Finance Trust last closing stock price
MetricPriceDate
Last closeUSD 7.612026-08-27
Kkr Real Estate Finance Trust stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+1.74%USD 7.482026-08-20
1 month+3.82%USD 7.332026-07-28
3 month+15.73%USD 6.582026-05-29
Year to date-2.19%USD 7.782025-12-31
1 year-9.97%USD 8.452025-08-27
3 year-12.65%USD 8.712023-08-28
5 year-38.39%USD 12.352021-08-27
Since inception-15.52%USD 8.942017-05-05

Kkr Real Estate Finance Trust Financials at a Glance

Market Cap

$449.07MMarket 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

-2.33

Dividend

$0.85

Beta (Volatility)

0.82 (Low)

Price

$7.63

Volume

478,747

Open

$7.52

Previous Close

$7.61

Daily Range

$7.52 - $7.71

52-Week Range

$5.25 - $9.98

Estimated Earnings Date

Oct 20, 2026

KREF News

No articles available.

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About Kkr Real Estate Finance Trust

KKR Real Estate Finance Trust Inc. lends money to owners of large commercial properties. It focuses on high-quality buildings like apartments and warehouses. The company helps business owners fund their real estate projects.

What Does KREF Fund?

  • Senior Loans: Debt secured by first-priority claims on commercial buildings like apartments and industrial sites; makes up the largest part of the portfolio.
  • Real Estate Assets: Properties owned directly by the company after foreclosure, including office buildings and apartment complexes.
  • Mortgage Securities: Investments in junior portions of bonds that are backed by pools of commercial real estate loans.
  • Equity Investments: Shared ownership in real estate projects and loan vehicles through joint ventures with other business partners.

Strategic Steps and Recent Deals

  • Upsized the revolving credit agreement to $700 million in Sept. 2025 to increase available short-term liquidity.
  • Refinanced existing debt with a $650 million secured term loan during 2025 to manage corporate funding needs.
  • Acquired a 50% interest in a French industrial mortgage investment in Oct. 2025.
  • Modified a $100.4 million senior loan in March 2026 to improve the credit profile of a specific life science asset.

The KKR Connection

KREF benefits from the expertise of its manager, KKR, a global firm with a 50-year history of real estate investing. The company primarily uses floating-rate loans, which have interest rates that change over time based on market benchmarks.

Key Financial Facts

  • Net loss was $121.8 million for the three months ended June 30, 2026.
  • Book value per share was $10.24 as of June 30, 2026, down from $13.04 on Dec. 31, 2025.
  • Total investment portfolio reached $5.2 billion across 48 loans as of June 30, 2026.
  • Net interest income fell by $8.0 million for the quarter ended June 30, 2026, compared to the previous quarter.
  • Financing from non-mark-to-market sources, which are not subject to margin calls based on price changes, accounted for 79% of total debt as of June 30, 2026.

Bottom Line

KREF has evolved into a manager of a multi-billion dollar commercial loan portfolio focused on institutional-quality properties. The company maintains its market relevance by using stable financing sources and leveraging the global resources of its manager.

AI Generated • Jul 22, 2026

Industry

Mortgage Real Estate Investment Trusts (REITs)

Sector

Financials

CEO

Matthew A. Salem

Website

www.kkrreit.com

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

-42.92%

Dividend Yield

11.17%

Payout Ratio

-46.60%

Stock Overview

Market Cap

$449.07MMarket 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

478.75K

Avg. Volume

1.05M

Financials (TTM)

Gross Profit

$354.41M

Operating Income

$109.13M

EBITDA

$110.04M

Operating Cash Flow

$63.00M

Capital Expenditure

-$28.69M

Free Cash Flow

$34.31M

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

$449.07MMarket 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

-$7.44M

-136.3%

Operating Cash Flow

$14.62M

-30.8%

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Questions About KREF

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

Kkr Real Estate Finance Trust is trading at $7.61 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 11.17%.

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