KKR Real Estate Finance Trust (KREF)
NYSE Market Open
KKR Real Estate Finance Trust Inc. is a commercial mortgage real estate investment trust that provides debt capital to owners and operators of income-producing commercial property. The company’s portfolio is built primarily around senior mortgage loans secured by institutional-quality commercial real estate, with an emphasis on assets in liquid markets and borrowers backed by experienced sponsors. Its lending activity can cover property types such as multifamily, office, industrial, hospitality, and other commercial real estate categories, depending on market conditions and credit opportunities.
The business model is centered on earning interest income from its loan investments, while managing credit risk, collateral quality, leverage, and funding costs. As a REIT, KKR Real Estate Finance Trust is designed to distribute a significant portion of taxable income to shareholders, making dividends an important part of its investment proposition. Its objective is to preserve capital and generate attractive risk-adjusted returns over time rather than pursue direct property ownership as its primary strategy.
The company is externally managed by an affiliate of KKR, a global investment firm with broad capabilities across credit, real estate, private equity, infrastructure, and other alternative asset classes. That relationship gives KKR Real Estate Finance Trust access to KKR’s sourcing network, underwriting resources, and institutional real estate expertise. For investors, KREF offers exposure to the commercial real estate credit market, where performance is influenced by property values, borrower strength, interest rates, loan repayments, and the broader availability of financing across the real estate sector.
Last updated
- Market Cap
- 435.31M
- P/E
- —
- P/FCF
- 6.99
- P/S
- —
- Enterprise Value
- 4.8B
- Sector
- Financials
- Industry
- Real Estate Investment Trusts
- Address
- 30 HUDSON YARDS, NEW YORK, NY, 10001
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- Market Cap
Market cap is the total value of a company's shares, calculated by multiplying the stock price by the number of shares outstanding.
- 435.31M
- Enterprise Value
Enterprise value is the total value of a company, including its market cap, debt, and cash.
- 4.8B
- P/E
P/E ratio compares a company's share price to its earnings per share.
- —
- P/B
P/B ratio compares a company's share price to its book value per share.
- 0.4
- P/S
P/S ratio compares a company's share price to its revenue per share.
- —
- EV / EBITDA
EV/EBITDA measures a company's value compared to its earnings before interest, taxes, depreciation, and amortization.
- -22.76
- EV / Sales
EV/Sales measures a company's value compared to its total revenue.
- —
- EPS
- -1.89
- Dividend Yield
Dividend yield shows how much a company pays in dividends each year compared to its share price.
- 20%
- P/FCF
Price-to-free-cash-flow ratio compares a company's share price to the cash it generates after expenses and investments.
- 6.99
- P/CF
P/CF ratio compares a company's share price to the cash flow it generates from its operations.
- 6.26
- Free Cash Flow
Free cash flow is the cash a company has left after covering operating costs and capital expenses.
- 62.27M
- ROE
ROE measures how effectively a company uses shareholders' equity to generate profit.
- -11.06%
- ROA
ROA measures how effectively a company uses its assets to generate profit.
- -1.74%
- Debt / Equity
Debt-to-equity ratio compares a company's total debt to its shareholders' equity.
- 4.11
- Current Ratio
Current ratio measures a company's ability to pay short-term debts using its short-term assets.
- 4.78
- Quick Ratio
Quick ratio measures a company's ability to pay short-term debts using cash and other easily available assets.
- 4.66
- Cash
Cash ratio measures a company's ability to cover short-term debts using only cash and cash equivalents.
- 0.13
- Avg Volume
Average volume shows the average number of shares traded over the last 30 trading days, helping indicate liquidity.
- 1.45M
- Fundamentals Snapshot Price
Fundamentals snapshot price is the stock price used when calculating the company's financial ratios and metrics.
- 6.77
Income Statement
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | -91.76M | -37.06M | -18.64M | -66.44M | -40.97M |
| EBITDA | -90.78M | -36.17M | -17.91M | -65.95M | -40.48M |
| Net income | -61.88M | -31.99M | 8.08M | -35.43M | -10.55M |
| Basic EPS | -0.96 | -0.49 | 0.12 | -0.53 | -0.15 |
| Diluted EPS | -0.96 | -0.49 | 0.12 | -0.53 | -0.15 |
Balance Sheet
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Total assets | 6.95B | 6.46B | 6.48B | 6.76B | 6.55B |
| Total liabilities | 5.8B | 5.24B | 5.2B | 5.46B | 5.19B |
| Total equity | 1.15B | 1.23B | 1.28B | 1.29B | 1.36B |
| Cash & equivalents | 135.44M | 84.62M | 204.09M | 107.72M | 106.41M |
| Current assets | 5.11B | 5.36B | 200.37M | 260.83M | 191.25M |
| Current liabilities | 1.07B | 1.2B | 1.35B | 31.26M | 32.87M |
Cash Flow
| Line Item | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 |
|---|---|---|---|---|---|
| Operating cash flow | 13.14M | 16.74M | 18.51M | 21.13M | 15.92M |
| Investing cash flow | 249.47M | -135.47M | 383.55M | 236.68M | -220.47M |
| Financing cash flow | -212.61M | -1.06M | -304.88M | -255.19M | 205.35M |
| Change in cash | 50.01M | -119.8M | 97.18M | 2.62M | 797K |
| Kind | Filing | Date | Link |
|---|---|---|---|
| edgar index | SCHEDULE 13G — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 40-APP/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — Mattson W Patrick | View Filing | |
| form 4 | Form 4 — Salem Matthew A | View Filing | |
| edgar index | 8-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 10-Q — KKR Real Estate Finance Trust Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 8-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| form 4 | Form 4 — AHERN TERRANCE R | View Filing | |
| form 4 | Form 4 — Madoff Paula | View Filing | |
| form 4 | Form 4 — MCANENY DEBORAH H | View Filing | |
| form 4 | Form 4 — Langer Jonathan A | View Filing | |
| form 4 | Form 4 — ESTEVES IRENE M | View Filing | |
| edgar index | SCHEDULE 13G/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | SCHEDULE 13G/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | DEF 14A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | DEFA14A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | ARS — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 8-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 10-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — business | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — mda | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| ten k section | 10-K — risk_factors | View Filing | |
| edgar index | 40-APP/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 8-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — Mattson W Patrick | View Filing | |
| form 4 | Form 4 — Galligan Kelly | View Filing | |
| form 4 | Form 4 — Salem Matthew A | View Filing | |
| form 4 | Form 4 — Decious Kendra | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 144 — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — ROSENBERG RALPH F | View Filing | |
| form 4 | Form 4 — ROSENBERG RALPH F | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing | |
| form 4 | Form 4 — Salem Matthew A | View Filing | |
| form 4 | Form 4 — Mattson W Patrick | View Filing | |
| form 4 | Form 4 — AHERN TERRANCE R | View Filing | |
| edgar index | 40-APP/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — Langer Jonathan A | View Filing | |
| edgar index | SCHEDULE 13G/A — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 8-K — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 10-Q — KKR Real Estate Finance Trust Inc. | View Filing | |
| eight k text | 8-K — 8-K | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| edgar index | 4 — KKR Real Estate Finance Trust Inc. | View Filing | |
| form 4 | Form 4 — Decious Kendra | View Filing | |
| form 4 | Form 4 — Galligan Kelly | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing | |
| form 4 | Form 4 — Lee Christen E.J. | View Filing |