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KKR Real Estate Finance Trust

KREF

KKR Real Estate Finance Trust Inc. is a real estate investment trust that focuses on originating and acquiring senior loans secured by institutional-quality commercial real estate.

Market cap
$472.61M-25.5%
Revenue$13.7M+3.2%
Net income-$98.3M-391%
EPS (diluted)-$1.86-1,263%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 21, 2026 (In 6 days)
Revenue estimate$25.0M
EPS estimate-$0.65

Financials

Q1 2026

Income statement

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Revenue$4.2M+151%
Net income-$56.1M-1,055%
EPS (diluted)-$0.96-540%

Balance sheet

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Cash & equivalents$137.3M+27.9%
Total debt$4.1B+26.7%
Total equity$1.1B-16.4%
Total assets$7.0B+6.0%

Cash flow

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Operating cash flow$13.1M-17.4%

Valuation & ratios

Valuation

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Market cap$472.61M-25.5%
Enterprise value$4.39B+25.9%
P/S34.5×

Returns & leverage

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Return on equity-8.2%-10.7pp
Debt / equity3.7×+1.3×

Competitors

Profile

KKR Real Estate Finance Trust Inc. is a real estate investment trust that focuses on originating and acquiring senior loans secured by institutional-quality commercial real estate. The company targets transitional properties in top-tier markets owned by experienced sponsors, aiming to generate attractive risk-adjusted returns primarily through dividends. It leverages the global investment platform and underwriting expertise of its manager, a subsidiary of KKR.

Competitive position

A leading mortgage REIT that benefits from the proprietary sourcing and global 'One-Firm' culture of the KKR investment platform.

GeographiesUnited States, Europe
Customer segmentsInstitutional Investors, Real Estate Sponsors
Business modelDirect Lending, Asset Management, REIT
SuppliersEquity Capital Markets, Debt Capital Markets, Warehouse Financing Providers, KKR Investment Platform
CustomersCommercial Real Estate Sponsors, Institutional Property Owners
Listed2017
CEOMatthew A. Salem
FilingsSEC EDGAR

Questions, answered.

What is KKR Real Estate Finance Trust's market cap?
KKR Real Estate Finance Trust (KREF) has a market capitalization of $472.6M and trades on NYSE.
What is KKR Real Estate Finance Trust's revenue and profitability?
KKR Real Estate Finance Trust generated $13.7M in trailing twelve-month revenue with a net loss of $98.3M, representing a net margin of -717.1%. These figures are based on the Q1 2026 filing.
Who are KKR Real Estate Finance Trust's competitors?
KKR Real Estate Finance Trust's key competitors include Blackstone Mortgage Trust, Inc., Apollo Commercial Real Estate Finance, Inc., Starwood Property Trust, Inc., and others. These companies compete in similar markets and product categories.
Who does KKR Real Estate Finance Trust partner with?
KKR Real Estate Finance Trust's notable partners include KKR & Co. Inc..
What subsidiaries does KKR Real Estate Finance Trust have?
KKR Real Estate Finance Trust's subsidiaries include KKR Real Estate Finance Manager LLC.
Where is KKR Real Estate Finance Trust headquartered?
KKR Real Estate Finance Trust is headquartered in United States of America. It has been publicly traded since 2017.