KREF KKR Real Estate Finance Trust Inc. Common Stock

NYSE · Real Estate · View on SEC EDGAR ↗
$6.77
Price · Jun 2, 2026
Fundamentals as of Apr 22, 2026

KREF Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$6.77
Market Cap
$529M
P/E (TTM)
-7.8
EPS (TTM)
$-1.05
Revenue (TTM)
Div Yield
12.6%
ROE
-3.7%
Debt/Equity
52W Range
$5 – $10

KREF Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income
EPS $-1.05
10-point trend, -165.2%
2016-12-31 2025-12-31
Free Cash Flow
Margins -41.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
KREF
Peer Median
P/E (TTM)
5-point trend, -183.1%
-7.8
8.8
P/S (TTM)
5-point trend, -39.2%
4.7
1.3
P/B
5-point trend, -51.9%
0.5
0.6

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
KREF
Peer Median
Net Profit Margin
5-point trend, -150.4%
-41.8%
7.0%
ROA
5-point trend, -131.1%
-0.73%
0.48%
ROE
5-point trend, -132.8%
-3.7%
2.5%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
KREF
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
KREF
Peer Median
Revenue YoY
-25.8%
Revenue CAGR 3Y
-15.4%
Revenue CAGR 5Y
-4.5%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
KREF
Peer Median
EPS (Diluted)
5-point trend, -147.5%
$-1.05

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
KREF
Peer Median
Payout Ratio
5-point trend, -303.7%
-142.1%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
12.6%
Payout Ratio
-142.1%
5Y Div CAGR
Ex-dateAmount
March 31, 2026$0.2500
Dec. 31, 2025$0.2500
Sept. 30, 2025$0.2500
June 30, 2025$0.2500
March 31, 2025$0.2500
Dec. 31, 2024$0.2500
Sept. 30, 2024$0.2500
June 28, 2024$0.2500
March 27, 2024$0.2500
Dec. 28, 2023$0.4300
Sept. 28, 2023$0.4300
June 29, 2023$0.4300
March 30, 2023$0.4300
Dec. 29, 2022$0.4300
Sept. 29, 2022$0.4300
June 29, 2022$0.4300
March 30, 2022$0.4300
Dec. 30, 2021$0.4300
Sept. 29, 2021$0.4300
June 29, 2021$0.4300

KREF Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 12 analysts
  • Strong Buy 2 16.7%
  • Buy 4 33.3%
  • Hold 6 50.0%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

3 analysts · 2026-06-02
Median target $6.00 -11.4%
Mean target $6.33 -6.5%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-0.02%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-0.06 $0.11 -0.17%
Dec. 31, 2025 $0.22 $0.15 0.07%
Sept. 30, 2025 $-0.03 $0.10 -0.13%
June 30, 2025 $-0.04 $-0.08 0.04%
March 31, 2025 $0.25 $0.17 0.08%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
KREF $529M -7.8 -25.8% -41.8% -3.7%
BRSP -21.5 -7.9% -9.4% -3.1%
IVR $604M 6.4 104.8% 134.3% 13.4%
RWT
TRTX $674M 15.1 -4.6% 41.3% 5.6%
FBRT $818M 15.7 20.9% 30.5% 5.6%
CMTG $429M -0.9 -24.4% -260.4% -29.7%
NREF $262M 4.9 67.7% 261.0% 33.5%
RC $355M -1.5 3.0% -217.3% -13.1%
ACRE $263M 4.4 -21.3% -1.6% -0.17%
MITT

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 13
Annual Income Statement data for KREF
Metric Trend 2025202420232022202120202019201820172016
SG&A Expense 10-point trend, +695.7% $18M $18M $19M $18M $14M $14M $11M $8M $5M $2M
Operating Expenses 7-point trend, +169.2% $23M $22M $11M · · · $31M $29M $18M $9M
Interest Expense 8-point trend, +6073.3% · · $459M $236M $114M $127M $159M $85M $21M $7M
Interest Income 10-point trend, +1233.8% $436M $565M $640M $422M $280M $269M $274M $184M $83M $33M
Other Non-op 10-point trend, +40.9% $23M $30M $21M $19M $12M $1M $6M $20M $18M $16M
Pretax Income 10-point trend, -255.2% $-51M $35M $-31M $38M $138M $55M $91M $90M $61M $33M
Income Tax 10-point trend, -144.1% $-156.0K $248.0K $710.0K $58.0K $684.0K $412.0K $579.0K $-70.0K $1M $354.0K
Net Income 10-point trend, -251.0% $-47M $36M $-31M $38M $137M $54M $90M $90M $59M $31M
EPS (Basic) 10-point trend, -165.2% $-1.05 $0.19 $-0.78 $0.23 $2.22 $0.96 $1.58 $1.58 $1.30 $1.61
EPS (Diluted) 10-point trend, -165.2% $-1.05 $0.19 $-0.78 $0.23 $2.21 $0.96 $1.57 $1.58 $1.30 $1.61
Shares (Basic) 10-point trend, +246.2% 66,807,432 69,396,890 69,180,039 67,553,578 56,571,200 55,985,014 57,426,912 55,136,548 45,320,358 19,299,597
Shares (Diluted) 10-point trend, +246.2% 66,807,432 69,396,890 69,180,039 67,553,578 56,783,388 56,057,237 57,532,490 55,171,061 45,321,360 19,299,597
EBITDA 2-point trend, +164.9% $3M $983.0K · · · · · · · ·
Balance Sheet 11
Annual Balance Sheet data for KREF
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents 10-point trend, -12.0% $85M $105M $136M $240M $271M $111M $68M $87M $103M $96M
Total Assets 10-point trend, +3.2% $6.46B $6.35B $7.55B $7.80B $6.70B $4.97B $5.06B $5.23B $7.39B $6.27B
Total Liabilities 10-point trend, -9.0% $5.24B $4.95B $6.14B $6.23B $5.34B $3.92B $3.93B $4.10B $6.33B $5.76B
Long-term Debt 2-point trend, +8.2% · · · · · · · · $6.22B $5.75B
Common Stock 10-point trend, +166.1% $644.0K $686.0K $693.0K $691.0K $613.0K $556.0K $575.0K $576.0K $537.0K $242.0K
Paid-in Capital 10-point trend, +251.9% $1.69B $1.71B $1.82B $1.81B $1.46B $1.17B $1.17B $1.16B $1.05B $479M
Retained Earnings 10-point trend, -2925.3% $-506M $-370M $-314M $-142M $-38M $-66M $-9M $-225.0K $6M $18M
Treasury Stock 10-point trend, +9263000.00 $9M $0 $97M $97M $61M $61M $36M $32M $523.0K $0
Stockholders' Equity 10-point trend, +135.6% $1.17B $1.35B $1.40B $1.57B $1.36B $1.04B $1.12B $1.13B $1.06B $498M
Liabilities + Equity 10-point trend, +3.2% $6.46B $6.35B $7.55B $7.80B $6.70B $4.97B $5.06B $5.23B $7.39B $6.27B
Shares Outstanding 10-point trend, +166.4% 64,367,737 68,713,596 69,313,860 69,095,011 61,370,732 55,619,428 57,486,583 57,596,217 53,685,440 24,158,392
Cash Flow 12
Annual Cash Flow data for KREF
Metric Trend 2025202420232022202120202019201820172016
D&A 4-point trend, +2604000.00 $3M $983.0K $0 $0 · · · · · ·
Stock-based Comp 10-point trend, +7927000.00 $8M $8M $8M $8M $7M $6M $4M $2M $65.0K $0
Amort. of Intangibles Flat — no change across 4 periods $67.0K $67.0K $67.0K $67.0K · · · · · ·
Other Non-cash 2-point trend, +24.0% $109M $88M · · · · · · · ·
Operating Cash Flow 10-point trend, +184.5% $72M $133M $156M $141M $125M $115M $92M $77M $54M $25M
Investing Cash Flow 10-point trend, +157.9% $264M $1.12B $13M $-1.18B $-1.54B $89M $-926M $-2.00B $-1.08B $-456M
Stock Issued 9-point trend, -100.0% · $0 $0 $194M $121M $0 $0 $110M $581M $210M
Stock Repurchased 10-point trend, +43405000.00 $43M $10M $0 $36M $0 $25M $4M $31M $523.0K $0
Net Stock Activity 8-point trend, -107.5% $-43M $-10M $0 $158M $121M $-25M $-4M · $581M ·
Dividends Paid 10-point trend, +205.2% $67M $82M $119M $115M $96M $96M $99M $89M $51M $22M
Financing Cash Flow 10-point trend, -171.1% $-356M $-1.29B $-272M $1.01B $1.58B $-161M $816M $1.90B $1.04B $501M
Net Change in Cash 9-point trend, -367.8% $-19M $-42M $-102M $-23M $163M $43M $-19M $-17M $7M ·
Profitability 5
Annual Profitability data for KREF
Metric Trend 2025202420232022202120202019201820172016
Net Margin 8-point trend, -143.8% -41.8% 23.5% -17.0% 20.5% 82.9% 38.3% 77.9% · 95.4% ·
Pretax Margin 8-point trend, -145.5% -45.0% 22.8% -17.0% 20.3% 83.3% 38.6% 78.4% · 98.8% ·
EBITDA Margin 2-point trend, +255.4% 2.3% 0.65% · · · · · · · ·
ROA 7-point trend, -141.7% -0.73% 0.51% -0.40% 0.53% 2.4% 1.1% 1.8% · · ·
ROE 7-point trend, -146.9% -3.7% 2.6% -2.1% 2.6% 11.4% 5.0% 8.0% · · ·
Efficiency 1
Annual Efficiency data for KREF
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 7-point trend, -21.4% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 · · ·
Per Share 6
Annual Per Share data for KREF
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share 7-point trend, -6.7% $18.22 $19.57 $20.27 $22.74 $22.18 $18.76 $19.52 · · ·
Revenue / Share 8-point trend, +23.4% $1.69 $2.19 $2.63 $2.75 $2.91 $2.53 $2.01 · $1.37 ·
Cash Flow / Share 8-point trend, -8.9% $1.08 $1.91 $2.25 $2.09 $2.20 $2.05 $1.59 · $1.19 ·
Cash / Share 7-point trend, +11.8% $1.31 $1.53 $1.96 $3.47 $4.42 $1.99 $1.18 · · ·
Dividend / Share 10-point trend, -18.0% $1 $1 $2 $2 $2 $2 $2 $2 $2 $1
EPS (TTM) 9-point trend, -180.8% $-1.05 $0.19 $-0.78 $0.23 $2.21 $0.96 $1.57 $1.58 $1.30 ·
Growth Rates 8
Annual Growth Rates data for KREF
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY 5-point trend, -254.6% -25.8% -16.5% -2.3% 12.3% 16.7% · · · · ·
Revenue CAGR 3Y 3-point trend, -279.3% -15.4% -2.9% 8.6% · · · · · · ·
Revenue CAGR 5Y -4.5% · · · · · · · · ·
EPS YoY 2-point trend, -168.8% · · · -89.6% 130.2% · · · · ·
EPS CAGR 3Y · -55.9% · · · · · · · ·
Net Income YoY 2-point trend, -147.5% · · · -72.2% 152.2% · · · · ·
Net Income CAGR 3Y · -36.2% · · · · · · · ·
Dividend CAGR 5Y -7.1% · · · · · · · · ·
Valuation (TTM) 12
Annual Valuation (TTM) data for KREF
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM 9-point trend, +81.9% $113M $152M $182M $186M $166M $142M $115M $99M $62M ·
Net Income TTM 9-point trend, -179.7% $-47M $36M $-31M $38M $137M $54M $90M $90M $59M ·
Market Cap 7-point trend, -54.9% $529M $694M $917M $965M $1.28B $997M $1.17B · · ·
P/E 9-point trend, -150.9% -7.8 53.2 -17.0 60.7 9.4 18.7 13.0 12.1 15.4 ·
P/S 7-point trend, -53.8% 4.7 4.6 5.0 5.2 7.7 7.0 10.2 · · ·
P/B 7-point trend, -56.9% 0.5 0.5 0.7 0.6 0.9 1.0 1.0 · · ·
P / Tangible Book 6-point trend, -52.8% 0.5 0.5 0.7 0.6 0.9 1.0 · · · ·
P / Cash Flow 7-point trend, -42.8% 7.3 5.2 5.9 6.8 10.2 8.7 12.8 · · ·
Dividend Yield 7-point trend, +49.9% 12.6% 11.8% 13.0% 12.0% 7.5% 9.7% 8.4% · · ·
Earnings Yield 9-point trend, -296.5% -12.8% 1.9% -5.9% 1.7% 10.6% 5.4% 7.7% 8.2% 6.5% ·
Payout Ratio 8-point trend, -265.9% -142.1% 229.8% -385.2% 302.8% 69.8% 177.3% 110.0% · 85.6% ·
Annual Payout 9-point trend, +32.2% $67M $82M $119M $115M $96M $96M $99M $89M $51M ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Net Income $-47M$36M$-31M$38M$137M
Diluted EPS $-1.05$0.19$-0.78$0.23$2.21

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