Friday 6 November 2026 Export KREF’s income statement to Excel — free account

KKR Real Estate Finance Trust

KKR Real Estate Finance Trust’s revenue for fiscal 2025 (year ended December 2025) was $135.1 million, down 25.4% from fiscal 2024.

Revenue: −21.9%
EPS: −111.2%
Free cash flow: −194.4%
Total debt: −35.0%

Quarter to September 2026, against a year earlier

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5.68 0.03 −0.53%

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Market cap: $329.7M
P/E: 0.0×
Fwd P/E: −1.5×
Dividend yield: 12.3%
F-score: 4/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	4	4	6	5	4	4	3	5	4
P/E ratio Full definition →	11.14	15.00	12.04	13.01	18.10	9.43	54.69	0.00	56.11	0.00
P/S ratio Full definition →	11.47	11.36	8.90	9.65	7.01	6.63	4.68	4.50	3.87	4.06
P/FCF ratio Full definition →	21.11	16.95	13.82	12.85	8.75	9.48	6.89	5.93	5.65	9.80
P/Operating CF Full definition →	77.53	9.25	54.42	49.97	42.43	42.18	25.84	24.77	38.26	32.81
P/B ratio Full definition →	0.91	0.85	0.93	1.05	0.96	0.87	0.61	0.65	0.50	0.45
Price to Tangible BV Full definition →	0.91	0.85	0.93	1.05	0.96	0.87	0.61	0.65	0.50	0.45
EV/Sales Full definition →	19.11	22.18	32.52	40.60	32.87	34.90	33.58	33.71	30.32	38.17
EV/EBITDA Full definition →	23.12	29.07	43.94	56.63	78.54	47.43	188.92	0.00	167.85	0.00
EV/Operating CF Full definition →	34.61	32.81	50.22	53.78	40.90	49.70	48.79	43.90	41.45	71.36
EV/FCF Full definition →	35.17	33.09	50.52	54.05	41.06	49.88	49.38	44.43	44.28	92.03
Quick Ratio Full definition →	46.98	27.38	8.53	8.35	12.37	20.27	15.61	8.75	6.70	8.52
Current Ratio Full definition →	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 Full definition →	9.10	14.18	31.92	43.17	61.80	38.42	162.56	(208.87)	146.44	(90.61)
Debt/Assets Full definition →	7.01%	13.05%	55.22%	75.68%	76.79%	78.99%	79.01%	80.29%	77.14%	72.60%
Debt/Equity Full definition →	0.87	0.91	2.55	3.41	3.65	3.89	3.92	4.32	3.50	3.83
Asset Turnover Full definition →	0.01	0.01	0.02	0.02	0.03	0.03	0.03	0.03	0.03	0.02
Operating CF/Net income Full definition →	0.82	0.91	0.88	1.01	2.15	0.99	9.18	(2.89)	10.14	(1.03)
Capex/Depreciation Full definition →	(0.44)	0.00	0.00	0.00	0.00	0.00	1.38	(0.72)	4.61	72.79
ROE Full definition →	7.87%	7.52%	7.97%	8.03%	4.95%	10.45%	1.05%	(3.62%)	0.93%	(5.33%)
ROA Full definition →	0.57%	0.86%	1.38%	1.76%	1.07%	2.15%	0.21%	(0.70%)	0.19%	(1.09%)
ROIC Full definition →	2.51%	1.99%	1.43%	1.16%	0.72%	1.35%	0.31%	(0.26%)	0.35%	(0.54%)
Return on Tangible Assets Full definition →	0.50%	0.80%	1.68%	1.81%	1.09%	1.91%	0.20%	(0.74%)	0.22%	(1.33%)
Average Days of Receivables Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	0.00%	0.08%	1.66%	3.37%	3.96%	4.18%	3.82%	3.98%	4.56%	5.87%
Graham Net Nets Full definition →	1.09	1.15	1.04	0.92	0.99	1.05	1.49	1.28	1.36	(0.02)
Graham Number Full definition →	31.37	26.45	27.11	26.27	20.38	34.59	11.66	0.00	9.04	0.00
Earnings Yield Full definition →	8.98%	6.67%	8.30%	7.69%	5.52%	10.61%	1.83%	(5.91%)	1.78%	(12.77%)
Free Cash Flow Yield Full definition →	4.74%	5.90%	7.23%	7.78%	11.42%	10.55%	14.52%	16.86%	17.70%	10.21%
Revenue per Share Full definition →	2.13	1.76	2.15	2.12	2.56	3.14	3.04	2.93	2.61	2.02
Operating CF per Share Full definition →	1.32	1.19	1.39	1.60	2.06	2.21	2.09	2.25	1.91	1.08
Capex per Share Full definition →	(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 Full definition →	1.29	1.19	1.39	1.60	2.06	2.21	2.06	2.22	1.79	0.84
Cash per Share Full definition →	6.88	2.28	1.57	1.18	1.98	4.80	3.55	1.96	1.51	1.27
Shareholders Equity per Share Full definition →	26.17	23.37	20.54	19.54	18.64	24.07	23.26	20.30	20.16	18.34
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	26.17	23.37	20.54	19.54	18.64	24.07	23.26	20.30	20.16	18.34
Free Cash Flow Full definition →	24.95	53.80	76.83	91.71	115.06	124.79	139.46	153.86	124.09	56.05
Working Capital Full definition →	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 Full definition →	(0.45)	—	—	—	—	—	(1.66)	(1.86)	(8.47)	(16.23)
Net Current Asset Value Full definition →	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 Full definition →	23.49	28.86	43.00	54.47	85.86	44.98	182.87	0.00	158.92	0.00
Capex to Sales Full definition →	0.01	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.05	0.12
Price to Operating Income Full definition →	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 Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash ROIC Full definition →	2.32%	2.53%	1.87%	1.83%	2.32%	1.80%	1.75%	2.02%	1.94%	0.93%
Accounts Receivable Turnover Full definition →	19.16	13.97	9.65	7.48	9.03	11.59	7.56	5.07	5.20	5.01
Accounts Payable Turnover Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Days of Payables Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—
Average Receivables Full definition →	2.15	5.70	12.30	16.24	15.86	15.33	27.12	40.00	34.88	26.98
Average Payables Full definition →	3.49	2.38	3.50	3.95	4.09	6.17	8.88	—	—	—
Average Assets Full definition →	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 Full definition →	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

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Columns are period end dates · fundamentals updated 2 Nov 2026

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