KKR Real Estate Finance Trust KREF Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Returns | ||||||
| Return on equity | -8.2%-4.4pp | -3.7%-3.7pp | -0%+1.6pp | -1.7%-4.2pp | 2.5%-0.1pp | |
| Return on assets | -1.5%-0.7pp | -0.7%-0.7pp | -0%+0.3pp | -0.3%-0.8pp | 0.5%0.0pp | |
| Leverage | ||||||
| Debt-to-equity | 3.7×— | —— | 2.5×+0.1× | 2.4×0.0× | 2.4×— | |
| Debt-to-assets | 0.6×— | —— | 0.5×0.0× | 0.4×0.0× | 0.5×— | |
| Per Share | ||||||
| Book value per share | $16.94-5.4% | $17.92-4.0% | $18.67+1.1% | $18.46-3.1% | $19.05-1.8% | |
| Valuation | ||||||
| Market capitalization | $393.37M-26.9% | $538.32M-8.9% | $591.09M-5.0% | $622.46M-16.1% | $742.11M+5.6% | |
| Enterprise value | $4.31B— | —— | $3.5B0.0% | $3.5B-8.8% | $3.83B— | |
| Price / book | 0.4×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×-0.1× | 0.6×0.0× | |
| Earnings yield | -25%-16.3pp | -8.7%-8.6pp | -0.1%+3.4pp | -3.5%-8.0pp | 4.6%-0.5pp | |
| Dividend yield | 16.7%+4.3pp | 12.4%+0.9pp | 11.5%+0.4pp | 11.1%+1.7pp | 9.3%-2.3pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do KKR Real Estate Finance Trust's ratios come from?
- Every ratio is computed from KKR Real Estate Finance Trust's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
