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.
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KKR Real Estate Finance Trust (KREF) EV/Sales
As of 16 October 2026, KKR Real Estate Finance Trust (KREF) trades at a EV/Sales of 38.4×. Over the past ten years it has ranged from 16.9× (August 2017) to 43.5× (December 2019); the current reading is higher than 87% of that period. That is above the Reit Mortgage industry median of 15.9× and above the Real Estate sector median of 7.6×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 38.2× | 25.89% |
| FY2024 | 30.3× | (10.06%) |
| FY2023 | 33.7× | 0.40% |
| FY2022 | 33.6× | (3.80%) |
| FY2021 | 34.9× | 6.18% |
| FY2020 | 32.9× | (19.05%) |
| FY2019 | 40.6× | 24.86% |
| FY2018 | 32.5× | 46.64% |
| FY2017 | 22.2× | 16.04% |
| FY2016 | 19.1× | 0.00% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 39.0× | 10.11% |
| Mar 2026 | 35.4× | (7.31%) |
| Dec 2025 | 38.2× | 7.63% |
| Sep 2025 | 35.5× | 3.45% |
| 38 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| REFI Chicago Atlantic Real Estate Finance, Inc. compare | 3.4× |
| ABR Arbor Realty Trust compare | 4.4× |
| NREF NexPoint Real Estate Finance, Inc. compare | 8.7× |
| BRSP BrightSpire Capital, Inc. compare | 12.9× |
| FBRT Franklin BSP Realty Trust, Inc. compare | 14.7× |
| RWT Redwood Trust, Inc. compare | 21.1× |
| IVR INVESCO MORTGAGE CAPITAL INC compare | 22.9× |
| TRTX TPG RE Finance Trust, Inc. compare | 26.5× |
| KREF KKR Real Estate Finance Trust | 38.4× |
| Reit Mortgage industry median | 15.9× |
| Real Estate sector median | 7.6× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)