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    K

    KKR Real Estate Finance Trust Inc (KREF)

    Official site

    REAL ESTATE • REIT - MORTGAGE • NYSE

    $5.96
    +0.10 (+1.71%)

    Market Cap: $346.20M

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    71%(27/38)
    Avg Surprise
    -7.01%
    Streak
    1 Q

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.05
    Range$0.00 - $0.08
    4 analysts
    EPS RevisionsNo revisions (7d)
    0
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.13-61.5%
    60d ago$0.09-41.9%
    30d ago$0.09-41.9%
    7d ago$0.06-16.7%
    Current$0.05
    Revenue Consensus
    $14M
    Range$9M - $16M
    6 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-0.62
    Range$-1.09 - $-0.42
    4 analysts
    Revenue Consensus
    $13M
    Range$3M - $18M
    6 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-0.62---
    Sep 26EST
    		-$0.05---
    Jun 26
    Reported Jul 21
    		$-0.60$-0.60+0.00%Beat-1400.0%
    Mar 26
    Reported Apr 22
    		$-0.96$-0.37-159.46%Miss-484.0%
    Dec 25
    Reported Feb 3
    		$0.22$0.13+69.23%Beat+204.8%
    Sep 25
    Reported Oct 21
    		$-0.03$0.02-250.00%Miss-108.1%
    Jun 25
    Reported Jul 22
    		$-0.04$-0.08+50.00%Beat+97.5%
    Mar 25
    Reported Apr 23
    		$0.25$0.17+47.06%Beat-35.9%
    Dec 24
    Reported Feb 3
    		$-0.21$-0.13-61.54%Miss+43.2%
    Sep 24
    Reported Oct 21
    		$0.37$0.34+8.82%Beat+48.0%
    Jun 24
    Reported Jul 22
    		$-1.57$-1.71+8.19%Beat-427.1%
    Mar 24
    Reported Apr 23
    		$0.39$0.42-7.14%Miss-18.7%
    Dec 23
    Reported Feb 6
    		$-0.37$0.16-331.25%Miss-305.6%
    Sep 23
    Reported Oct 23
    		$0.25$0.05+400.00%Beat-50.0%
    Jun 23
    Reported Jul 24
    		$0.48$0.36+33.33%Beat+0.0%
    Mar 23
    Reported Apr 24
    		$0.48$0.45+6.67%Beat+2.1%
    Dec 22
    Reported Feb 7
    		$0.18N/A-63.27%Miss+460.0%
    Sep 22
    Reported Oct 24
    		$0.50$0.45+11.11%Beat-19.4%
    Jun 22
    Reported Jul 25
    		$0.48$0.42+14.29%Beat-11.1%
    Mar 22
    Reported Apr 25
    		$0.47$0.43+9.30%Beat-14.5%
    Dec 21
    Reported Feb 8
    		$-0.05$0.05-200.00%Miss-110.4%
    Sep 21
    Reported Oct 25
    		$0.62$0.47+31.91%Beat+6.9%
    Jun 21
    Reported Jul 26
    		$0.54$0.49+10.20%Beat+20.0%
    Mar 21
    Reported Apr 26
    		$0.55$0.51+7.84%Beat+25.0%
    Dec 20
    Reported Feb 16
    		$0.48$0.49-2.04%Miss+9.1%
    Sep 20
    Reported Oct 26
    		$0.58$0.44+31.82%Beat+34.9%
    Jun 20
    Reported Aug 3
    		$0.45$0.43+4.65%Beat+25.0%
    Mar 20
    Reported Apr 28
    		$0.44$0.43+2.33%Beat+0.0%
    Dec 19
    Reported Feb 19
    		$0.44$0.42+4.76%Beat+15.8%
    Sep 19
    Reported Oct 30
    		$0.43$0.43+0.00%Beat-2.3%
    Jun 19
    Reported Aug 1
    		$0.36$0.41-12.20%Miss-49.3%
    Mar 19
    Reported May 1
    		$0.44$0.41+7.32%Beat+25.7%
    Dec 18
    Reported Feb 20
    		$0.38$0.41-7.32%Miss+18.8%
    Sep 18
    Reported Nov 5
    		$0.44$0.35+25.71%Beat+41.9%
    Jun 18
    Reported Aug 6
    		$0.71$0.51+39.22%Beat+153.6%
    Mar 18
    Reported May 9
    		$0.35$0.34+2.94%Beat+6.1%
    Dec 17
    Reported Feb 28
    		$0.32$0.34-5.88%Miss-13.5%
    Sep 17
    Reported Nov 7
    		$0.31$0.29+6.90%Beat-
    Jun 17
    Reported Aug 9
    		$0.28$0.28+0.00%Beat-
    Mar 17
    Reported May 8
    		$0.33$0.33+0.00%Beat-
    Dec 16
    Reported Mar 1
    		$0.37$0.00N/ABeat-

    Dividends

    Dividend Metrics

    Forward Yield6.71%
    Forward Annual Dividend$0.40
    Payout Ratio69.40%
    FrequencyQuarterly
    Pay MonthsJan, Apr, Jul, Oct

    Growth

    3Y CAGR-16.54%
    5Y CAGR-10.28%
    KREF dividend history and ex-dividend datesRun KREF in the free DRIP calculator

    Key Metrics

    Valuation
    P/E Ratio-4.35EV/EBITDA44.58x
    Price/FCF10.85xFCF Yield9.22%
    Profitability
    Profit Margin0.00%Operating Margin135.80%
    ROE-16.50%ROIC1.92%
    Financial Health
    Debt/Equity4.95xInterest Coverage0.36x
    Current Ratio0.08xQuick Ratio0.08x
    Trading Statistics
    Beta0.93Avg Volume1.06M
    52-Week High$8.2352-Week Low$5.09

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$6.06
    SMA 20$6.18
    SMA 50$6.87
    SMA 200$6.80
    EMA 10$6.04
    EMA 20$6.24
    EMA 50$6.61
    EMA 200$6.94

    MACD

    Line: -0.27Signal: -0.27Hist: 0.00

    ADX

    ADX: 43.4+DI: 13.2-DI: 29.1

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down96.0
    PSAR$6.30

    Bollinger Bands

    Upper Band$6.67
    Lower Band$5.69
    %B Position1591%(Upper)
    Band Width0.27

    RSI (14-Day)

    Neutral
    38.4

    Momentum Oscillators

    Stoch %K27.6
    Stoch %D19.1
    Williams %R-63.7
    ROC (10d)-3.9%
    Momentum-0.24
    CCI (20d)-84.6
    MFI (14d)51.6

    Volatility Measures

    ATR (14d)$0.25(4.2%)
    StdDev (20d)0.25
    Hist Vol47.9%(High)

    Volume Flow

    VWAP$5.99
    OBV-37.5M
    AD Line-1.9B
    CMF (20d)-0.406

    Volume Metrics

    Avg Vol (20d)1.1M
    Vol Ratio1.2x
    VWMA (20d)$6.21

    Pivot Points

    R3$6.16
    R2$6.04
    R1$5.95
    Pivot Point$5.83
    S1$5.74
    S2$5.62
    S3$5.53

    Advanced Oscillators

    TSI-30.35
    Ultimate Osc44.2
    KST-136.93

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$91.07M$101.74M$107.51M$113.86M$118.55M$118.04M$128.37M$150.01M$155.85M$158.39M$168.82M$167.83M
    Cost of Revenue$15.77M$15.59M$14.03M$14.38M$12.90M$12.25M$12.63M$12.37M$12.71M$11.89M$9.48M$9.45M
    Gross Profit$75.30M$86.15M$93.48M$99.48M$105.65M$105.79M$115.74M$137.64M$143.14M$146.50M$159.34M$158.38M
    Operating Expenses$125.87M$68.88M$46.63M$3.91M$53.51M$28.71M$7.56M$41.89M$9.34M$38.26M$54.10M$13.60M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$4.65M$4.58M$7.84M$4.75M$10.42M$4.83M$8.31M$4.67M$8.97M$4.99M$9.56M$9.22M
    Operating Income$-50,566,000$17.28M$46.85M$95.56M$52.15M$77.08M$108.18M$95.75M$133.80M$108.24M$105.24M$144.78M
    Interest Income$85.49M$95.91M$101.34M$108.02M$112.27M$113.97M$123.61M$140.15M$149.25M$151.62M$165.02M$163.23M
    Interest Expense$67.31M$69.72M$75.55M$82.69M$82.10M$82.63M$88.48M$103.14M$108.82M$112.48M$118.53M$118.62M
    Income Before Tax$-117,333,000$-57,159,000$-27,095,000$12.77M$-30,573,000$-5,749,000$19.60M$-7,237,000$25.60M$-3,388,000$-12,914,000$27.00M
    Income Tax Expense$0$4.72M$-156,000$4.69M$0$4.80M$45,000$91,000$71,000$41,000$199,000$165,000
    Net Income$-116,355,000$-56,140,000$-26,242,000$13.78M$-29,726,000$-4,861,000$20.25M$-7,388,000$25.83M$-3,108,000$-12,887,000$27.14M
    EBITDA$-49,036,000$13.54M$49.35M$96.19M$52.02M$77.37M$108.57M$96.40M$134.41M$109.09M$105.62M$145.62M
    EBIT$-50,028,000$12.56M$48.45M$95.46M$51.53M$76.88M$108.08M$95.91M$163.94M$108.24M$-24,302,000$48.55M
    * Some calculated fields are derived from available data when not provided by source

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    KREF Valuation and Fair Value

    P/E
    -4.4x
    Forward P/E
    11.7x
    EV/EBITDA
    44.6x
    P/FCF
    10.8x
    PEG
    5.1x
    P/B
    0.4x
    See GNG's fair value

    KREF Profitability: Margins, ROIC and FCF

    Gross margin
    85.6%
    Operating margin
    135.8%
    Net margin
    0.0%
    ROIC
    1.9%
    ROE
    -16.5%
    FCF margin
    8.3%
    FCF yield
    9.2%

    KREF Competitors

    CompanyTicker
    Nexpoint Real Estate Finance IncNREF
    Alpine Income Property Trust, Inc.PINE
    Redwood Trust IncRWT
    RMR Group IncRMR
    Frp Holdings OrdFRPH
    Maui Land & Pineapple Company IncMLP
    Community Healthcare Trust IncCHCT
    City OfficeCIO

    Sector: Real Estate

    KREF Analyst Ratings

    Consensus
    Hold
    Analysts
    6
    Strong Buy
    0
    Buy
    2
    Hold
    3
    Sell
    0
    Strong Sell
    1

    KREF Bull Case vs Bear Case

    Bull case

    • KREF grew quarterly revenue 245.1% year over year.

    Bear case

    • KREF has a debt-to-equity ratio of 5.0x.

    KREF Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -37.0%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.05
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 1 down

    KREF Dividend

    Forward yield
    6.7%
    Payout ratio
    69.4%
    3Y DPS growth
    -16.5%
    5Y DPS growth
    -10.3%
    Pay months
    Jan, Apr, Jul, Oct
    KREF dividend history

    Frequently Asked Questions About KREF

    What is KREF's current dividend yield?

    KKR Real Estate Finance Trust Inc (KREF) has a forward dividend yield of 6.71%.

    Does KREF pay dividends?

    Yes, KKR Real Estate Finance Trust Inc pays dividends with a forward dividend yield of 6.71%.

    What is KREF's market cap?

    KKR Real Estate Finance Trust Inc (KREF) has a market capitalization of $346.20M with a current stock price of $5.96.

    Related stocks

    Sector: Real Estate

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