Saturday 17 October 2026
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KKR Real Estate Finance Trust
KREF Real Estate Reit Mortgage
KKR Real Estate Finance Trust’s revenue for fiscal 2025 (year ended December 2025) was $135.1 million, down 25.4% from fiscal 2024. In the quarter to June 2026, revenue fell 41.6%, EPS fell 267.9%, free cash flow fell 137.9% and total debt fell 12.5%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
5.80
0.17
−2.85%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | 4 | 4 | 6 | 5 | 4 | 4 | 3 | 5 | 4 |
P/E ratio |
11.14 | 15.00 | 12.04 | 13.01 | 18.10 | 9.43 | 54.69 | 0.00 | 56.11 | 0.00 |
P/S ratio |
11.47 | 11.36 | 8.90 | 9.65 | 7.01 | 6.63 | 4.68 | 4.50 | 3.87 | 4.06 |
P/FCF ratio |
21.11 | 16.95 | 13.82 | 12.85 | 8.75 | 9.48 | 6.89 | 5.93 | 5.65 | 9.80 |
P/Operating CF |
77.53 | 9.25 | 54.42 | 49.97 | 42.43 | 42.18 | 25.84 | 24.77 | 38.26 | 32.81 |
P/B ratio |
0.91 | 0.85 | 0.93 | 1.05 | 0.96 | 0.87 | 0.61 | 0.65 | 0.50 | 0.45 |
Price to Tangible BV |
0.91 | 0.85 | 0.93 | 1.05 | 0.96 | 0.87 | 0.61 | 0.65 | 0.50 | 0.45 |
EV/Sales |
19.11 | 22.18 | 32.52 | 40.60 | 32.87 | 34.90 | 33.58 | 33.71 | 30.32 | 38.17 |
EV/EBITDA |
23.12 | 29.07 | 43.94 | 56.63 | 78.54 | 47.43 | 188.92 | 0.00 | 167.85 | 0.00 |
EV/Operating CF |
34.61 | 32.81 | 50.22 | 53.78 | 40.90 | 49.70 | 48.79 | 43.90 | 41.45 | 71.36 |
EV/FCF |
35.17 | 33.09 | 50.52 | 54.05 | 41.06 | 49.88 | 49.38 | 44.43 | 44.28 | 92.03 |
Quick Ratio |
46.98 | 27.38 | 8.53 | 8.35 | 12.37 | 20.27 | 15.61 | 8.75 | 6.70 | 8.52 |
Current Ratio |
2,167.02 | 1,803.64 | 431.51 | 499.05 | 481.28 | 465.17 | 429.25 | 361.75 | 296.16 | 407.64 |
Net Debt/EBITDA |
9.10 | 14.18 | 31.92 | 43.17 | 61.80 | 38.42 | 162.56 | (208.87) | 146.44 | (90.61) |
Debt/Assets |
7.01% | 13.05% | 55.22% | 75.68% | 76.79% | 78.99% | 79.01% | 80.29% | 77.14% | 72.60% |
Debt/Equity |
0.87 | 0.91 | 2.55 | 3.41 | 3.65 | 3.89 | 3.92 | 4.32 | 3.50 | 3.83 |
Asset Turnover |
0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
Operating CF/Net income |
0.82 | 0.91 | 0.88 | 1.01 | 2.15 | 0.99 | 9.18 | (2.89) | 10.14 | (1.03) |
Capex/Depreciation |
(0.44) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.38 | (0.72) | 4.61 | 72.79 |
| 7.87% | 7.52% | 7.97% | 8.03% | 4.95% | 10.45% | 1.05% | (3.62%) | 0.93% | (5.33%) | |
| 0.57% | 0.86% | 1.38% | 1.76% | 1.07% | 2.15% | 0.21% | (0.70%) | 0.19% | (1.09%) | |
ROIC |
2.51% | 1.99% | 1.43% | 1.16% | 0.72% | 1.35% | 0.31% | (0.26%) | 0.35% | (0.54%) |
Return on Tangible Assets |
0.50% | 0.80% | 1.68% | 1.81% | 1.09% | 1.91% | 0.20% | (0.74%) | 0.22% | (1.33%) |
Average Days of Receivables |
26.35 | 38.62 | 49.77 | 48.99 | 39.30 | 31.31 | 69.43 | 73.79 | 57.91 | 68.06 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
20.80% | 23.15% | 24.37% | 25.46% | 26.55% | 24.70% | 21.42% | 23.40% | 23.70% | 30.15% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.08% | 1.66% | 3.37% | 3.96% | 4.18% | 3.82% | 3.98% | 4.56% | 5.87% |
Graham Net Nets |
1.09 | 1.15 | 1.04 | 0.92 | 0.99 | 1.05 | 1.49 | 1.28 | 1.36 | (0.02) |
Graham Number |
31.37 | 26.45 | 27.11 | 26.27 | 20.38 | 34.59 | 11.66 | 0.00 | 9.04 | 0.00 |
Earnings Yield |
8.98% | 6.67% | 8.30% | 7.69% | 5.52% | 10.61% | 1.83% | (5.91%) | 1.78% | (12.77%) |
Free Cash Flow Yield |
4.74% | 5.90% | 7.23% | 7.78% | 11.42% | 10.55% | 14.52% | 16.86% | 17.70% | 10.21% |
Revenue per Share |
2.13 | 1.76 | 2.15 | 2.12 | 2.56 | 3.14 | 3.04 | 2.93 | 2.61 | 2.02 |
Operating CF per Share |
1.32 | 1.19 | 1.39 | 1.60 | 2.06 | 2.21 | 2.09 | 2.25 | 1.91 | 1.08 |
Capex per Share |
(0.02) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.02) | (0.03) | (0.12) | (0.24) |
Free Cash Flow per Share |
1.29 | 1.19 | 1.39 | 1.60 | 2.06 | 2.21 | 2.06 | 2.22 | 1.79 | 0.84 |
Cash per Share |
6.88 | 2.28 | 1.57 | 1.18 | 1.98 | 4.80 | 3.55 | 1.96 | 1.51 | 1.27 |
Shareholders Equity per Share |
26.17 | 23.37 | 20.54 | 19.54 | 18.64 | 24.07 | 23.26 | 20.30 | 20.16 | 18.34 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
26.17 | 23.37 | 20.54 | 19.54 | 18.64 | 24.07 | 23.26 | 20.30 | 20.16 | 18.34 |
Free Cash Flow |
24.95 | 53.80 | 76.83 | 91.71 | 115.06 | 124.79 | 139.46 | 153.86 | 124.09 | 56.05 |
Working Capital |
6,259.79 | 7,369.18 | 5,185.47 | 5,004.92 | 4,900.77 | 6,567.07 | 7,648.10 | 7,289.77 | 5,885.27 | 5,242.76 |
Capital Expenditures |
(0.45) | — | — | — | — | — | (1.66) | (1.86) | (8.47) | (16.23) |
Net Current Asset Value |
502.31 | 1,037.52 | 1,098.01 | 1,079.97 | 988.92 | 1,239.56 | 1,435.08 | 1,166.54 | 953.69 | 16.21 |
EV/EBIT |
23.49 | 28.86 | 43.00 | 54.47 | 85.86 | 44.98 | 182.87 | 0.00 | 158.92 | 0.00 |
Capex to Sales |
0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.05 | 0.12 |
Price to Operating Income |
14.10 | 14.78 | 11.77 | 12.95 | 18.30 | 8.55 | 25.51 | 0.00 | 20.27 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Cash ROIC |
2.32% | 2.53% | 1.87% | 1.83% | 2.32% | 1.80% | 1.75% | 2.02% | 1.94% | 0.93% |
Accounts Receivable Turnover |
19.16 | 13.97 | 9.65 | 7.48 | 9.03 | 11.59 | 7.56 | 5.07 | 5.20 | 5.01 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Receivables |
2.15 | 5.70 | 12.30 | 16.24 | 15.86 | 15.33 | 27.12 | 40.00 | 34.88 | 26.98 |
Average Payables |
3.49 | 2.38 | 3.50 | 3.95 | 4.09 | 6.17 | 8.88 | — | — | — |
Average Assets |
5,491.17 | 6,830.15 | 6,313.37 | 5,144.43 | 5,011.32 | 5,834.43 | 7,252.78 | 7,674.97 | 6,949.01 | 6,407.52 |
Average Common Equity |
395.58 | 782.03 | 1,095.74 | 1,127.18 | 1,082.79 | 1,202.53 | 1,466.41 | 1,487.68 | 1,401.40 | 1,311.91 |
Columns are period end dates