KKR Real Estate Finance Trust Inc. (KREF)

NYSE: KREF · Real-Time Price · USD

5.73

-0.07 (-1.21%)

Oct 19, 2026, 10:24 AM EDT - Market open

KREF Financials Overview

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	-72.42	15.84	100.62	27.69	91.39	176.65
Revenue Growth	-	-84.25%	263.33%	-69.70%	-48.26%	90.33%
Operating Income	-142.8	-50.57	34.58	-30.95	36.35	132.77
Net Income	-207.59	-69.89	13.07	-53.92	15.37	125.64
Earnings Per Share	-3.21	-1.05	0.19	-0.78	0.23	2.21
EPS Growth	-	-	-	-	-89.70%	131.04%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	84.06	84.62	104.93	135.9	239.79	271.49
Total Debt	4,316	4,694	4,899	6,060	6,164	5,295
Net Cash (Debt)	-4,232	-4,609	-4,794	-5,924	-5,925	-5,023
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-65.50	-68.99	-69.08	-85.63	-87.70	-88.47

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	63	72.28	132.56	155.72	141.13	124.79
Capital Expenditures	-	-	-	-	-	-
Free Cash Flow	63	72.28	132.56	155.72	141.13	124.79
Free Cash Flow Growth	-39.70%	-45.47%	-14.87%	10.34%	13.09%	8.46%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Margin	-	-319.17%	34.36%	-111.75%	39.77%	75.16%
Pretax Margin	260.71%	-319.65%	34.36%	-111.75%	41.20%	78.04%
Profit Margin	-	-441.08%	12.99%	-194.70%	16.82%	71.12%
FCF Margin	-	456.22%	131.75%	562.29%	154.41%	70.64%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	0.400	1.000	1.000	1.720	1.720	1.720
Dividend Per Share Growth	-30.00%	0%	-41.86%	0%	0%	0%
Dividend Yield	6.90%	11.96%	9.78%	13.00%	12.36%	8.26%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '26 Oct 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	53.76	-	62.56	10.18
Forward PE	-	12.74	12.83	11.27	6.95	18.01
P/FCF Ratio	5.39	7.45	5.30	5.89	6.81	10.24
PS Ratio	-	33.98	6.98	33.11	10.52	7.24