KREF

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KKR Real Estate Finance Trust Inc.

Cyclical demand Sells to businessesTags from an AI model reading the company description.

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Key Metrics

Previous Close: $6.20
52-Week Range: $5.25 – $9.11
Market Cap: $360.84M
P/E (TTM): —
EPS (TTM): -3.26
Dividend Yield: 6.49%

Advanced Metrics

Price/Book: 0.59
PEG Ratio: —
Return on Equity: -16.52%
Return on Assets: -2.83%
Gross Margin: 0.00%
Operating Margin: 135.83%
Profit Margin: 0.00%
Current Ratio: 4.38
Debt/Equity: 4.36
Total Debt: $4.32B
Free Cash Flow: —
Revenue Growth: —
Earnings Growth: —
Enterprise Value: $4.97B

KREF Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$174.73M	$175.22M	$155.17M	$112.98M
Selling, General & Admin	$17.62M	$18.79M	$18.41M	$18.06M
Pretax Income	$37.65M	-$30.95M	$34.58M	-$50.65M
Income Tax	$58.00K	$710.00K	$248.00K	-$156.00K
Net Income	$38.10M	-$30.85M	$35.59M	-$47.05M
Diluted EPS	0.23	-0.78	0.19	-1.05
Diluted Shares	67.55M	69.18M	69.40M	66.81M

KREF Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$88.79M	$135.90M	$104.93M	$84.62M
Receivables	$39.01M	$41.00M	$28.75M	$27.68M
Total Assets	$7.80B	$7.55B	$6.35B	$6.46B
Long-Term Debt	$6.16B	$4.43B	$3.78B	$4.13B
Total Debt	$6.16B	$4.59B	$3.86B	$4.13B
Total Liabilities	$6.23B	$6.14B	$4.95B	$5.24B
Retained Earnings	-$141.50M	-$314.37M	-$370.47M	-$506.13M
Shareholders' Equity	$1.57B	$1.40B	$1.35B	$1.17B
Net Debt	$6.08B	$4.45B	$3.76B	$4.05B

KREF Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$141.13M	$155.72M	$132.56M	$72.28M
Capital Expenditure	-$1.66M	-$1.86M	-$8.11M	-$5.58M
Free Cash Flow	$139.46M	$153.85M	$124.46M	$66.70M
Depreciation & Amortisation	$0.00	$0.00	$983.00K	$2.60M
Stock-Based Compensation	$7.83M	$8.07M	$8.26M	$7.93M
Investing Cash Flow	-$1.18B	$13.49M	$1.12B	$264.29M
Financing Cash Flow	$1.01B	-$271.51M	-$1.29B	-$355.78M
Dividends Paid	-$136.91M	-$140.16M	-$103.10M	-$88.16M
Share Repurchases	-$35.79M	$0.00	-$10.03M	-$43.41M
Net Change in Cash	-$23.15M	-$102.31M	-$41.77M	-$19.21M

KREF Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$30.75M	$25.90M	$26.70M	$28.43M	-$28.20M
Selling, General & Admin	$4.68M	$4.75M	$3.80M	$4.58M	$4.65M
Pretax Income	-$30.57M	$12.77M	-$27.09M	-$57.16M	-$117.33M
Income Tax	$0.00	$0.00	-$156.00K	$0.00	$0.00
Net Income	-$29.73M	$13.78M	-$26.24M	-$56.14M	-$116.36M
Diluted EPS	-0.53	0.12	—	-0.96	-1.95
Diluted Shares	67.19M	65.88M	—	64.67M	62.46M

KREF Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$107.72M	$204.09M	$84.62M	$135.44M	$83.06M
Receivables	$28.48M	$28.15M	$27.68M	$33.21M	$27.86M
Total Assets	$6.76B	$6.48B	$6.46B	$6.95B	$6.56B
Long-Term Debt	$4.27B	$3.57B	$4.13B	$4.53B	$4.27B
Total Debt	$4.31B	$3.57B	$4.13B	$4.73B	$4.62B
Total Liabilities	$5.46B	$5.20B	$5.24B	$5.80B	$5.57B
Retained Earnings	-$449.82M	-$458.05M	-$506.13M	-$584.08M	-$711.73M
Shareholders' Equity	$1.24B	$1.23B	$1.17B	$1.10B	$931.77M
Net Debt	$4.21B	$3.37B	$4.05B	$4.60B	$4.53B

KREF Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$21.13M	$18.50M	$16.73M	$13.14M	$14.62M
Capital Expenditure	-$613.00K	-$980.00K	-$2.71M	-$2.94M	-$22.06M
Free Cash Flow	$20.51M	$17.52M	$14.03M	$10.20M	-$7.44M
Depreciation & Amortisation	$491.00K	$730.00K	$893.00K	$979.00K	$992.00K
Stock-Based Compensation	$2.14M	$2.17M	$1.49M	$1.81M	$1.90M
Investing Cash Flow	$236.68M	$383.55M	-$135.47M	$249.47M	$169.96M
Financing Cash Flow	-$255.19M	-$304.88M	-$1.06M	-$212.61M	-$237.57M
Dividends Paid	-$22.28M	-$21.75M	-$21.63M	-$21.42M	-$21.39M
Share Repurchases	-$20.06M	-$4.24M	-$9.27M	-$762.00K	-$38.12M
Net Change in Cash	$2.62M	$97.18M	-$119.80M	$50.01M	-$52.99M

Market Snapshot

About

KKR Real Estate Finance Trust is a commercial mortgage REIT that originates and acquires senior loans secured by commercial real estate assets. The company focuses on floating-rate loans, providing financing solutions for transitional properties across various asset classes. KREF is managed by affiliates of KKR & Co., leveraging their global real estate platform and expertise.