KKR Real Estate Finance Trust Inc.

KREF

KKR Real Estate Finance Trust Inc.

KREF

Insider Sentiment (TTM):

Last Purchase:2026-04-24Last Sale:2025-12-03Shares Purchased (TTM):178,700Shares Sold (TTM):125,289

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:48,397,060Shares Outstanding:64,673,125Institutional Ownership Pct.:74.83%

Earnings Market Reaction:

Filing Date:2026-07-21Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Real Estate Asset	-	-	97	7	4	82	82	81	0	-	0	-
C M B S B Pieces	-	-	35	0	-0	36	36	0	35	-	35	-
Unconsolidated Enity	-	-	15	-	-	-	0	-	-	-	-	-
Related Party	2	6	7	-0	-0	6	6	-0	0	8	8	1
Nonrelated Party	-15	42	10	2	-0	11	9	1	1	16	9	1
A65 Series A Cumulative Redeemable Preferred Stock	0	0	0	-13	0	13	0	0	0	13	13	0
Consolidated Entity Excluding Vie	-513	4,886	5,348	-481	5,777	-	5,889	-	-	-	-	-
Variable Interest Entity Primary Beneficiary	-31	1,272	505	14	492	-	0	-	-	1,095	5	-70
Collateralized Loan Obligations	-	-	-	-	-	-	-	-	-	1,300	5	-70
Assets
Cash And Cash Equivalents At Carrying Value	83	135	85	204	108	106	105	109	107	107	136	108
Notes Receivable Gross	-	-	-	-	-	6,109	5,889	6,189	6,522	7,113	7,344	7,528
Financing Receivable Allowance For Credit Losses	-	-	-	-	-	-142	-117	-148	-111	-244	-210	-219
Notes Receivable Net	-	-	-	-	-	5,967	5,772	6,041	6,412	6,870	7,133	7,309
Real Estate Acquired Through Foreclosure	-	-	-	-	-	-	-	-	262	83	82	82
Financing Receivable Excluding Accrued Interest Be…	4,373	-	-	-	-	-	-	-	-	-	-	-
Financing Receivable Allowance For Credit Loss Exc…	-292	-259	-202	-157	-172	-	-117	-148	-111	-	-	-
Financing Receivable Excluding Accrued Interest Af…	4,081	-	-	-	-	-	-	-	-	-	-	-
Loans Receivable Held For Sale Amount	70	220	-	-	-	-	-	138	-	-	-	-
Other Real Estate	360	340	339	339	259	263	262	262	-	-	82	-
Real Estate Heldforsale	133	132	130	128	127	57	57	58	59	100	101	-
Interest Receivable	-	-	-	-	-	28	29	32	36	41	41	40
Equity Method Investments Fair Value Disclosure	-	-	-	-	-	-	-	-	-	35	35	36
Equity Method Investments	273	147	-	-	-	-	-	-	-	-	-	-
Other Investments	27	27	-	-	-	-	-	-	-	-	-	-
Other Assets	290	50	88	15	17	16	9	18	70	22	19	51
Assets	6,559	6,950	6,465	6,485	6,755	6,555	6,350	6,774	7,064	7,257	7,548	7,625
Liabilities And Stockhold…
Liabilities
Line Of Credit	3,024	2,801	2,863	2,699	2,948	3,024	2,799	3,018	3,286	3,522	3,782	3,827
Convertible Notes Payable	-	-	-	-	-	-	-	-	-	-	0	0
Secured Debt	630	631	633	634	535	536	334	334	335	335	335	336
Interest Payable Current And Noncurrent	-	-	-	-	-	15	20	23	17	19	20	19
Dividends Payable Current And Noncurrent	-	16	16	16	16	17	17	17	17	17	30	30
Liabilities	5,569	5,797	5,239	5,203	5,462	5,191	4,952	5,363	5,625	5,877	6,143	6,172
Commitments And Contingencies	0	0	0	0	0	0	0	0	0	0	0	0
Stockholders Equity Inclu…
Common Stock Value	1	1	1	1	1	1	1	1	1	1	1	1
Additional Paid In Capital	1,659	1,679	1,687	1,687	1,689	1,707	1,715	1,725	1,723	1,817	1,815	1,815
Retained Earnings Accumulated Deficit	-712	-584	-506	-458	-450	-398	-370	-368	-338	-340	-314	-266
Treasury Stock Common Value	-17	0	-9	-	-	-	0	0	0	-97	-97	-97
Stockholders Equity	990	1,096	1,173	1,230	1,293	1,364	1,399	1,358	1,439	1,380	1,405	1,453
Minority Interest	59	57	53	52	53	54	54	53	53	-1	-1	-0
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	0.01	0.01	0.01	0.01	0.01	0.01
Liabilities And Stockholders Equity	6,559	6,950	6,465	6,485	6,755	6,555	6,350	6,774	7,064	7,257	7,548	7,625
Preferred Stock Shares Authorized	-	-	-	-	-	-	50	50	50	50	50	50
Shares Outstanding	59	64	64	65	66	68	69	69	69	69	69	69
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	300	300	300	300	300	300	300	300	300	300	300	300
Common Stock Shares Issued	61	64	65	65	66	68	69	69	69	75	75	75
Treasury Stock Common Shares	2	-	1	-	-	-	-	-	-	6	6	6

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-5.52%	7.91%	11.43%	-	-	-	-	-	-	-	-	-
2025	2.59%	-0.97%	2.30%	1.99%	5.97%	-4.24%	-4.26%	2.65%	-5.51%	-15.04%	-25.43%	-23.48%
2024	-1.40%	-7.29%	-0.90%	11.60%	21.90%	17.62%	-3.60%	-1.54%	-12.92%	10.35%	8.86%	-9.58%
2023	-	-	-	-10.13%	0.86%	-8.45%	21.01%	33.04%	30.86%	-16.31%	-12.35%	-16.18%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-3.18	-2.18	-1.62	-1.11	-1.29	0.11	0.55	0.77	1.06	0.97	0.93	1.03
Per Share Metrics
Diluted EPS TTM	-3.33	-1.96	-1.05	-0.20	-0.58	0.25	0.19	-0.21	0.36	-0.22	-0.46	0.19
Free Cash Flow Per Share TTM	0.85	0.91	0.92	0.96	1.54	1.65	1.90	2.17	2.07	2.14	2.25	2.26
Dividend Per Share TTM	1.04	1.02	1.00	1.03	1.02	1.01	1.18	1.36	1.54	1.71	1.72	1.72
Growth Metrics
Net Income Growth (1Y)	437.06%	-848.75%	-634.66%	-11.52%	-253.54%	-211.93%	-141.29%	-211.45%	-140.56%	-33.06%	-183.08%	-74.01%
EPS Growth (1Y)	477.71%	-896.13%	-655.38%	-6.74%	-258.64%	-212.94%	-141.16%	-210.95%	-140.38%	-33.34%	-181.13%	-73.91%
Valuation Metrics
P/E TTM	-2.06	-3.07	-7.44	-42.10	-13.61	38.07	45.52	-48.56	20.22	-36.39	-22.25	46.66
P/B TTM	0.43	0.36	0.42	0.44	0.41	0.47	0.43	0.52	0.35	0.40	0.50	0.42
Market Cap	427.25M	390.19M	519.79M	544.62M	526.54M	645.20M	595.00M	710.00M	509.77M	550.95M	704.46M	612.06M
Enterprise Value	342.90M	252.85M	432.45M	337.49M	416.58M	537.85M	488.46M	598.86M	402.62M	432.17M	556.14M	490.44M
Calculated Values
Free Cash Flow TTM	53.21M	58.86M	61.63M	63.22M	103.62M	113.63M	132.20M	150.72M	143.38M	148.57M	155.72M	156.05M
Net Debt	-84.35M	-137.34M	-87.34M	-207.14M	-109.96M	-107.34M	-106.55M	-111.14M	-107.15M	-118.79M	-148.31M	-121.63M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-04-24Purchase

Owner: Salem, Matthew A

Title: Chief Executive Officer

Shares: 60,000

Price/Share: $6.04

Value: $362,400.00

Shares Owned: 703,075

Relationship: Director,Officer

Ownership: Direct

2026-04-24Purchase

Owner: Mattson, W Patrick

Title: President, COO and Secretary

Shares: 40,000

Price/Share: $6.03

Value: $241,200.00

Shares Owned: 500,287

Relationship: Officer

Ownership: Direct

2025-12-03Sale

Owner: Rosenberg, Ralph F

Title: -

Shares: 125,289

Price/Share: $8.25

Value: $1,033,634.25

Shares Owned: -

Relationship: Director

Ownership: Direct

2025-11-07Purchase

Owner: Lee, Christen E.J.

Title: -

Shares: 10,000

Price/Share: $7.80

Value: $78,000.00

Shares Owned: 229,133

Relationship: Director

Ownership: Direct

2025-11-06Purchase

Owner: Ahern, Terrance R

Title: -

Shares: 23,700

Price/Share: $7.81

Value: $185,097.00

Shares Owned: 62,556

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-04-24	Salem, Matthew A	Director,Officer	Chief Executive Officer	Direct	Purchase	60,000	6.04	$362,400.00	703,075	4
2026-04-24	Mattson, W Patrick	Officer	President, COO and Secretary	Direct	Purchase	40,000	6.03	$241,200.00	500,287	4
2025-12-03	Rosenberg, Ralph F	Director	-	Direct	Sale	125,289	8.25	$1,033,634.25	0	4
2025-11-07	Lee, Christen E.J.	Director	-	Direct	Purchase	10,000	7.80	$78,000.00	229,133	4
2025-11-06	Ahern, Terrance R	Director	-	Direct	Purchase	23,700	7.81	$185,097.00	62,556	4
2025-11-06	Mattson, W Patrick	Officer	President and COO	Direct	Purchase	13,000	7.91	$102,830.00	386,787	4
2025-11-06	Salem, Matthew A	Director,Officer	Chief Executive Officer	Direct	Purchase	32,000	7.84	$250,880.00	561,825	4
2024-02-08	Mattson, W Patrick	Officer	President and COO	Direct	Purchase	10,000	9.72	$97,200.00	308,446	4
2024-02-08	Salem, Matthew A	Director,Officer	Chief Executive Officer	Direct	Purchase	26,000	9.72	$252,720.00	460,309	4
2023-05-12	Lee, Christen E.J.	Director	-	Indirect	Purchase	10,000	10.17	$101,700.00	15,000	4
2023-05-01	Mattson, W Patrick	Officer	President and COO	Direct	Purchase	8,000	10.60	$84,800.00	245,651	4
2023-04-27	Salem, Matthew A	Director,Officer	Chief Executive Officer	Direct	Purchase	25,000	10.70	$267,500.00	386,817	4
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Institutional Ownership

No data available for chart

2026-03-31

74.83%

Inst. Shares: 48,397,060

Shares Outstanding: 64,673,125

2025-12-31

74.51%

Inst. Shares: 49,775,946

Shares Outstanding: 66,807,432

2025-09-30

71.88%

Inst. Shares: 47,354,587

Shares Outstanding: 65,876,727

2025-06-30

69.96%

Inst. Shares: 47,007,570

Shares Outstanding: 67,191,309

2025-03-31

69.83%

Inst. Shares: 48,016,161

Shares Outstanding: 68,765,877

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	48,397,060	64,673,125	74.83%
2025-12-31	49,775,946	66,807,432	74.51%
2025-09-30	47,354,587	65,876,727	71.88%
2025-06-30	47,007,570	67,191,309	69.96%
2025-03-31	48,016,161	68,765,877	69.83%
2024-12-31	48,547,303	69,396,890	69.96%
2024-09-30	49,072,078	69,434,938	70.67%
2024-06-30	47,416,965	69,423,244	68.30%
2024-03-31	47,646,543	69,386,568	68.67%
2023-12-31	47,439,912	69,180,039	68.57%
2023-09-30	48,048,342	69,122,636	69.51%
2023-06-30	49,162,483	69,115,654	71.13%
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KKR Real Estate Finance Trust Inc. (KREF) — SEC Financial Statements & Analysis

KKR Real Estate Finance Trust Inc. (KREF) is a real estate investment trusts company, incorporated in MD. KKR Real Estate Finance Trust Inc. trades on NYSE as: KREF, KREF-PA. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), KKR Real Estate Finance Trust Inc. reported a Price-to-Book (P/B) ratio of 0.43x (TTM), at a market cap of $427.25M. Figures below are sourced from SEC EDGAR, as-filed.

P/B TTM: 0.43x
Market Cap: $427.25M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is KKR Real Estate Finance Trust Inc. in?

KKR Real Estate Finance Trust Inc. (KREF) operates in the Real Estate Investment Trusts industry.

What is KREF's market cap?

KKR Real Estate Finance Trust Inc. (KREF) has a market capitalization of $427.25M as of 2026-06-30.

What exchange does KREF trade on?

KKR Real Estate Finance Trust Inc. (KREF) trades on the NYSE.

Where is KKR Real Estate Finance Trust Inc. incorporated?

KKR Real Estate Finance Trust Inc. is incorporated in MD.