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KKR Real Estate Finance Trust share price today

KKR Real Estate Finance Trust Inc. · KREF · Real Estate · REIT - Mortgage · price as of the 4 November 2026 close, updated every trading day · results updated weekly · All US stock lists

KKR Real Estate Finance Trust share price: $5.78 at the close on 4 November 2026, −26.6% in a year.

$5.78Price −26.6% in a year
51.9×P/E too little history to compare yet
−$51.5 MRevenue (Jun 2026)
−$122 MProfit (Jun 2026)
−6%ROE FY25
−3.2%ROIC against a 0.9% cost of capital: −4.1 points

KKR Real Estate Finance Trust Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

The main question: the share price moved −26.6% in a year while yearly earnings per share moved −657.5%. The difference came from the market paying a higher multiple.

The price has been between phases. Over the last four quarters, results have been mixed, and 259% of the last 3 years' profit came in as cash. What will decide it: whether earnings grow into a price that has already moved.

What is the KKR Real Estate Finance Trust share price today?

KKR Real Estate Finance Trust Inc.'s share price was $5.78 at the close on 4 November 2026. That is 15.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $5 and $9, and at that close it sat 14% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 9 weeks running.

Nov 2026: $5.78, 15.5% below its 200-day average.

  • Price $5.78
  • 50-day avg $6.42
  • 200-day avg $6.84
Nov 2026: $5.78, 15.5% below its 200-day average.
WeekPrice50-day avg200-day avg
11 Jul 2025$9.23––
18 Jul 2025$8.88––
25 Jul 2025$9.23––
1 Aug 2025$9.07––
8 Aug 2025$9.24––
15 Aug 2025$9.23––
22 Aug 2025$9.53––
29 Aug 2025$9.63––
5 Sep 2025$9.87––
12 Sep 2025$9.59––
19 Sep 2025$9.52$9.33–
26 Sep 2025$9.29$9.36–
3 Oct 2025$9.05$9.36–
10 Oct 2025$8.43$9.30–
17 Oct 2025$8.63$9.25–
24 Oct 2025$8.71$9.19–
31 Oct 2025$8.14$9.11–
7 Nov 2025$7.87$8.96–
14 Nov 2025$8.31$8.81–
21 Nov 2025$8.34$8.65–
28 Nov 2025$8.49$8.57–
5 Dec 2025$8.57$8.47–
12 Dec 2025$8.91$8.44–
19 Dec 2025$8.46$8.42–
26 Dec 2025$8.52$8.42–
2 Jan 2026$8.28$8.40–
9 Jan 2026$7.96$8.32–
16 Jan 2026$8.29$8.31–
23 Jan 2026$8.15$8.33–
30 Jan 2026$8.28$8.33–
6 Feb 2026$7.32$8.29–
13 Feb 2026$7.01$8.16–
20 Feb 2026$6.81$8.03–
27 Feb 2026$6.95$7.83–
6 Mar 2026$7.18$7.71–
13 Mar 2026$6.55$7.54–
20 Mar 2026$6.38$7.40–
27 Mar 2026$6.10$7.23–
2 Apr 2026$6.22$7.07–
10 Apr 2026$6.36$6.87–
17 Apr 2026$6.69$6.71–
24 Apr 2026$6.01$6.64$8.19
1 May 2026$6.35$6.56$8.11
8 May 2026$6.61$6.53$8.05
15 May 2026$6.33$6.45$7.98
22 May 2026$6.48$6.40$7.91
29 May 2026$6.67$6.40$7.86
5 Jun 2026$6.92$6.44$7.80
12 Jun 2026$7.23$6.53$7.74
18 Jun 2026$7.06$6.61$7.70
26 Jun 2026$7.17$6.66$7.63
2 Jul 2026$7.03$6.69$7.58
10 Jul 2026$7.36$6.79$7.52
17 Jul 2026$7.29$6.90$7.47
24 Jul 2026$7.34$6.98$7.43
31 Jul 2026$6.96$7.06$7.40
7 Aug 2026$7.76$7.14$7.36
14 Aug 2026$7.62$7.24$7.34
21 Aug 2026$7.58$7.28$7.32
28 Aug 2026$7.59$7.33$7.31
4 Sep 2026$7.65$7.38$7.29
11 Sep 2026$7.15$7.40$7.27
18 Sep 2026$6.79$7.38$7.24
25 Sep 2026$6.35$7.28$7.19
2 Oct 2026$6.16$7.17$7.12
9 Oct 2026$5.97$7.06$7.06
16 Oct 2026$5.80$6.93$7.00
23 Oct 2026$5.76$6.73$6.94
30 Oct 2026$5.29$6.55$6.88
4 Nov 2026$5.78$6.42$6.84
Weekly closing price ($) with its 50-day and 200-day averages. 1-year window.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 11 of 57 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
11 Jul 2025no S&P 500 reading
18 Jul 2025no S&P 500 reading
25 Jul 2025no S&P 500 reading
1 Aug 2025no S&P 500 reading
8 Aug 2025no S&P 500 reading
15 Aug 2025no S&P 500 reading
22 Aug 2025no S&P 500 reading
29 Aug 2025no S&P 500 reading
5 Sep 2025no S&P 500 reading
12 Sep 2025no S&P 500 reading
19 Sep 2025no S&P 500 reading
26 Sep 2025no S&P 500 reading
3 Oct 2025no S&P 500 reading
10 Oct 2025−13.4%
17 Oct 2025−8.7%
24 Oct 2025−11.9%
31 Oct 2025−20.0%
7 Nov 2025−20.1%
14 Nov 2025−14.4%
21 Nov 2025−14.6%
28 Nov 2025−17.8%
5 Dec 2025−19.1%
12 Dec 2025−10.8%
19 Dec 2025−13.7%
26 Dec 2025−12.6%
2 Jan 2026−10.6%
9 Jan 2026−11.9%
16 Jan 2026−8.0%
23 Jan 2026−8.2%
30 Jan 2026+0.3%
6 Feb 2026−9.9%
13 Feb 2026−17.1%
20 Feb 2026−23.0%
27 Feb 2026−18.5%
6 Mar 2026−14.3%
13 Mar 2026−23.6%
20 Mar 2026−19.9%
27 Mar 2026−20.3%
2 Apr 2026−20.9%
10 Apr 2026−18.0%
17 Apr 2026−22.0%
24 Apr 2026−29.8%
1 May 2026−27.5%
8 May 2026−16.5%
15 May 2026−18.1%
22 May 2026−13.0%
29 May 2026−14.3%
5 Jun 2026−13.3%
12 Jun 2026−1.6%
18 Jun 2026−4.5%
26 Jun 2026+2.6%
2 Jul 2026−0.5%
10 Jul 2026+4.6%
17 Jul 2026+4.3%
24 Jul 2026+18.6%
31 Jul 2026+5.9%
7 Aug 2026+12.6%
14 Aug 2026+15.4%
21 Aug 2026+14.3%
28 Aug 2026+12.1%
4 Sep 2026+6.1%
11 Sep 2026−4.1%
18 Sep 2026−5.8%
25 Sep 2026−17.2%
2 Oct 2026−15.7%
9 Oct 2026−22.0%
16 Oct 2026−23.1%
23 Oct 2026−24.4%
30 Oct 2026−25.2%
4 Nov 2026−24.7%
Each bar is one week, from 2025 to now (57 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved −37% while the S&P 500 moved +23%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 4 September 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does KKR Real Estate Finance Trust pay?

KKR Real Estate Finance Trust Inc. paid $0.85 per share over the last four reported quarters. The most recent declaration was $0.10 for Jun 2026. At today's price of $5.78 that is a yield of 14.71%, based on dividends already paid, not a forecast.

A dividend is cash paid out for each share. The 12-month total is the four most recent quarters added together.

Dividend per share each quarter: latest $0.10 (Jun 2026)

  • Dividend per share $0.10
Dividend per share each quarter: latest $0.10 (Jun 2026)
QuarterDividend per share
Sep 2023$0.43
Dec 2023$0.43
Mar 2024$0.25
Jun 2024$0.25
Sep 2024$0.25
Dec 2024$0.25
Mar 2025$0.25
Jun 2025$0.25
Sep 2025$0.25
Dec 2025$0.25
Mar 2026$0.25
Jun 2026$0.10
Declared dividend per share, $ a share, each reported quarter. 12 quarters on file.

Which stock lists is KKR Real Estate Finance Trust on?

KKR Real Estate Finance Trust is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list.

Is KKR Real Estate Finance Trust profitable?

KKR Real Estate Finance Trust Inc. posted a net loss of $122 M in the Jun 2026 quarter. The full FY25 year was a loss of $69.9 M. That loss is 236.6% of the quarter's revenue. The same quarter a year earlier lost $35.4 M. 8 of the last 12 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY25 profit was −$69.9 M (−634.7% on the year before).

FY25 profit −$69.9 M (−634.7% on the year before)

  • Net profit −$69.9 M
FY25 profit −$69.9 M (−634.7% on the year before)
QuarterNet profit
FY21$126 M
FY22$15.4 M
FY23−$53.9 M
FY24$13.1 M
FY25−$69.9 M

Growth on a year earlier

  • Growth on a year earlier −634.7%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−87.8%
FY23−450.8%
FY24–
FY25−634.7%
Top: net profit each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$122 M

  • Net profit (quarterly) −$122 M
Jun 2026: −$122 M
QuarterNet profit (quarterly)
Sep 2023$21.4 M
Dec 2023−$18.7 M
Mar 2024−$8.7 M
Jun 2024$20.2 M
Sep 2024−$13.0 M
Dec 2024$14.6 M
Mar 2025−$10.6 M
Jun 2025−$35.4 M
Sep 2025$8.1 M
Dec 2025−$32.0 M
Mar 2026−$61.9 M
Jun 2026−$122 M

Growth on a year earlier

  • Growth on a year earlier −319.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023−228.3%
Mar 2024–
Jun 2024–
Sep 2024−160.7%
Dec 2024–
Mar 2025–
Jun 2025−275.2%
Sep 2025–
Dec 2025−319.4%
Mar 2026–
Jun 2026–
Top: net profit each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does KKR Real Estate Finance Trust make, and is it growing?

KKR Real Estate Finance Trust Inc. reported −$51.5 M of revenue in the Jun 2026 quarter. Over 4 years it has grown −45.3% a year on average. The last full year, FY25, came in at $15.8 M. The last four reported quarters add to −$72.4 M.

Revenue is everything the company billed its customers in the period.

FY25 revenue was $15.8 M, −84.3% on the year before.

FY25 revenue $15.8 M (−84.3% on the year before), −45.3% a year over 4 years

  • Revenue $15.8 M
FY25 revenue $15.8 M (−84.3% on the year before), −45.3% a year over 4 years
QuarterRevenue
FY21$177 M
FY22$91.4 M
FY23$27.7 M
FY24$101 M
FY25$15.8 M

Growth on a year earlier

  • Growth on a year earlier −84.3%
Growth on a year earlier
QuarterGrowth on a year earlier
FY21–
FY22−48.3%
FY23−69.7%
FY24263.3%
FY25−84.3%
Top: revenue each year, $ M. Below: growth on the year before, %. 5-year window. A grey bar is lower than the year before.

Jun 2026: −$51.5 M

  • Revenue (quarterly) −$51.5 M
Jun 2026: −$51.5 M
QuarterRevenue (quarterly)
Sep 2023$41.2 M
Dec 2023$1.2 M
Mar 2024$13.5 M
Jun 2024$43.1 M
Sep 2024$8.8 M
Dec 2024$35.2 M
Mar 2025$10.4 M
Jun 2025−$14.0 M
Sep 2025$30.4 M
Dec 2025−$11.0 M
Mar 2026−$40.4 M
Jun 2026−$51.5 M

Growth on a year earlier

  • Growth on a year earlier −490.4%
Growth on a year earlier
QuarterGrowth on a year earlier
Sep 2023–
Dec 2023−96.6%
Mar 2024–
Jun 2024–
Sep 2024−78.6%
Dec 20242,918.6%
Mar 2025−23.3%
Jun 2025−132.4%
Sep 2025245.1%
Dec 2025−131.2%
Mar 2026−490.4%
Jun 2026–
Top: revenue each quarter, $ M. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew −125.5% on average, against −45.3% a year over the longer run, so this year is growing slower than its own long-run rate.

How much of every $100 of sales does KKR Real Estate Finance Trust keep?

KKR Real Estate Finance Trust Inc.'s sales have fallen to very little: FY25 revenue was $15.8 M, against $177 M in FY21. On sales that small an operating margin is not a useful reading, so this section is left out until sales recover.

Is KKR Real Estate Finance Trust's profit turning into cash?

Over the last 3 years, 259% of KKR Real Estate Finance Trust Inc.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $72.3 M of operating cash against −$69.9 M of profit. After null of spending on assets, $72.3 M was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $72.3 M against profit −$69.9 M; 259% of 3 years' profit came in as cash

  • Operating cash $72.3 M
  • Net profit −$69.9 M
  • Free cash $72.3 M
FY25: operating cash $72.3 M against profit −$69.9 M; 259% of 3 years' profit came in as cash
QuarterOperating cashNet profitFree cash
FY21$125 M$126 M$125 M
FY22$141 M$15.4 M$141 M
FY23$156 M−$53.9 M$156 M
FY24$133 M$13.1 M$133 M
FY25$72.3 M−$69.9 M$72.3 M
Operating cash flow and net profit each year, $ M. The line is free cash flow: operating cash minus spending on assets. 5-year window, yearly figures.

Jun 2026: operating cash $14.6 M

  • Operating cash (quarterly) $14.6 M
Jun 2026: operating cash $14.6 M
QuarterOperating cash (quarterly)
Sep 2023$41.8 M
Dec 2023$36.8 M
Mar 2024$34.5 M
Jun 2024$30.6 M
Sep 2024$49.1 M
Dec 2024$18.3 M
Mar 2025$15.9 M
Jun 2025$21.1 M
Sep 2025$18.5 M
Dec 2025$16.7 M
Mar 2026$13.1 M
Jun 2026$14.6 M

Operating cash as % of profit

  • Operating cash as % of profit 229%
Operating cash as % of profit
QuarterOperating cash as % of profit
Sep 2023195%
Dec 2023–
Mar 2024–
Jun 2024152%
Sep 2024–
Dec 2024126%
Mar 2025–
Jun 2025–
Sep 2025229%
Dec 2025–
Mar 2026–
Jun 2026–
Top: operating cash each quarter, $ M. Below: operating cash as a % of net profit; 100% means all of the quarter's profit came in as cash. Last 12 quarters.

Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason.

What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets.

Where does KKR Real Estate Finance Trust's cash go?

KKR Real Estate Finance Trust Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean.

What is KKR Real Estate Finance Trust's P/E ratio, and how does it compare with its own history?

KKR Real Estate Finance Trust Inc.'s P/E is 51.9×, with too little history to compare. Its usual P/E (the middle reading) is 58.8×, over 4 months of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

P/E 51.9× against a usual 58.8×: with too little history to compare

  • P/E 51.9×
  • Median 58.8×
P/E 51.9× against a usual 58.8×: with too little history to compare
WeekP/EMedian
11 Jul 202558.8×58.8×
18 Jul 202556.6×58.8×
25 Jul 202558.8×58.8×
1 Aug 202557.8×58.8×
8 Aug 202558.9×58.8×
15 Aug 202558.8×58.8×
22 Aug 202560.7×58.8×
29 Aug 202561.3×58.8×
5 Sep 202562.9×58.8×
12 Sep 202561.1×58.8×
19 Sep 202560.6×58.8×
26 Sep 202559.2×58.8×
3 Oct 202557.6×58.8×
10 Oct 202553.7×58.8×
17 Oct 202555.0×58.8×
24 Oct 202555.5×58.8×
31 Oct 202551.9×58.8×

Earnings per share, 12 months

  • Earnings per share, 12 months $0.16
Earnings per share, 12 months
WeekEarnings per share, 12 months
11 Jul 2025–
18 Jul 2025–
25 Jul 2025–
1 Aug 2025–
8 Aug 2025–
15 Aug 2025–
22 Aug 2025–
29 Aug 2025–
5 Sep 2025–
12 Sep 2025–
19 Sep 2025–
26 Sep 2025$0.16
3 Oct 2025$0.16
10 Oct 2025$0.16
17 Oct 2025$0.16
24 Oct 2025$0.16
31 Oct 2025$0.16
Top: P/E each week. Below: earnings per share, trailing twelve months, a step line that moves once a quarter; 4 months of history.

PEG 1.55 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate

  • PEG 1.55×
  • PEG = 1.0 1.00×
PEG 1.55 at the Jun 2026 quarter end: above 1.0, so the P/E is bigger than the earnings growth rate
QuarterPEGPEG = 1.0
Sep 20215.99×1.00×
Dec 20213.60×1.00×
Mar 20222.39×1.00×
Jun 20222.00×1.00×
Sep 20221.72×1.00×
Dec 20221.39×1.00×
Mar 20231.55×1.00×
Jun 20231.55×1.00×
Sep 20231.55×1.00×
Dec 20231.55×1.00×
Mar 20241.55×1.00×
Jun 20241.55×1.00×
Sep 20241.55×1.00×
Dec 20241.55×1.00×
Mar 20251.55×1.00×
Jun 20251.55×1.00×
Sep 20251.55×1.00×
Dec 20251.55×1.00×
Mar 20261.55×1.00×
Jun 20261.55×1.00×
PEG each quarter: the P/E divided by the yearly growth rate of earnings. The flat line marks 1.0. Below it the P/E is smaller than the growth rate; above it the P/E is bigger. Last 20 quarters.
51.9×P/E · too little history to compare
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Why the multiple is where it is: over the past year earnings per share moved −657.5% while the price moved −26.6%. The price did better than earnings, which pushed the multiple up within its own range.

In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple.

Is the KKR Real Estate Finance Trust business getting better or worse?

KKR Real Estate Finance Trust Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 11 quarters of 2 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue −84.3% in FY25, profit −634.7%

  • Revenue growth −84.3%
Growth year by year: revenue −84.3% in FY25, profit −634.7%
QuarterRevenue growth
FY21–
FY22−48.3%
FY23−69.7%
FY24263.3%
FY25−84.3%

Profit growth, EPS growth

  • Profit growth −300%
  • EPS growth −300%
Profit growth, EPS growth
QuarterProfit growthEPS growth
FY21––
FY22−87.8%−89.7%
FY23−300%−300%
FY24––
FY25−300%−300%
Growth on the year before, each year, %. Top: revenue. Below: net profit and earnings per share, on their own scale because profit growth swings much more. Zero line drawn. Turnaround-year jumps are drawn at the edge (▲).

Three growth lines over twelve quarters

  • Revenue −279.3%
Three growth lines over twelve quarters
QuarterRevenue
Sep 2023−42.1%
Dec 2023−69.7%
Mar 202449.9%
Jun 2024–
Sep 20249.6%
Dec 2024263.3%
Mar 202593.1%
Jun 2025−59.2%
Sep 2025−6.9%
Dec 2025−84.3%
Mar 2026−135.8%
Jun 2026−279.3%

Profit, EPS

  • Profit −300%
  • EPS −300%
Profit, EPS
QuarterProfitEPS
Sep 2023−157.2%−148.5%
Dec 2023−300%−300%
Mar 2024––
Jun 2024––
Sep 2024––
Dec 2024––
Mar 2025––
Jun 2025−300%−300%
Sep 2025––
Dec 2025−300%−300%
Mar 2026−300%−300%
Jun 2026––
Growth on a year earlier, % at each quarter end. Top: revenue. Below: profit and earnings per share, on their own scale because they swing much more. Each is measured over the last 12 months. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROE: the return line, yearly figures

  • ROE −5.7%
ROE: the return line, yearly figures
QuarterROE
FY221%
FY23−3.8%
FY240.9%
FY25−5.7%
Yearly figures: the quarterly balance-sheet figures this line needs are not available for this stock, so it changes once a year and counts for less in the reading.
FallingRevenue growth · latest −279.3%, range −279.3% to +263.3%
FallingROE · latest −5.7%, range −5.7% to 1.0%

Why it matters: with too little history, we say so rather than guess a direction.

The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading.

The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue−84.3%−44.2%——
Stock price−26.6%———

How much does KKR Real Estate Finance Trust earn on its capital?

KKR Real Estate Finance Trust Inc. earned a ROE of −6% in FY25. Its return on capital used (ROIC) is 4.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses.

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

The key test, return on capital used minus the cost of capital: −3.2% − 0.9% = −4.1 percentage points. The 0.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve.

The −3.2% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at −0.8%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method.

FY25: ROE −6%, the full history

  • ROE −5.7%
  • ROIC (annual) −0.8%
  • Cost of capital 0.9%
FY25: ROE −6%, the full history
QuarterROEROIC (annual)Cost of capital
FY219.2%2.3%0.9%
FY221%0.5%0.9%
FY23−3.8%−0.4%0.9%
FY240.9%0.5%0.9%
FY25−5.7%−0.8%0.9%
Return on equity each year, % (line); ROIC each year, % (line). 5-year window, low years included. The flat line is the 0.9% cost of capital used on this page.

Jun 2026: ROIC −1.0% (last 12 months) against a 0.9% cost of capital

  • ROIC (12 months) −1.0%
  • ROE (12 months) −19.2%
  • Cost of capital 0.9%
Jun 2026: ROIC −1.0% (last 12 months) against a 0.9% cost of capital
QuarterROIC (12 months)ROE (12 months)Cost of capital
Sep 2023−0.3%−5.4%0.9%
Dec 20230.4%7.4%0.9%
Mar 2024−0.2%−3.7%0.9%
Jun 20240%−1%0.9%
Sep 20240.4%7.2%0.9%
Dec 2024−0.1%−2.1%0.9%
Mar 20250.3%5.6%0.9%
Jun 2025−0.1%−1.7%0.9%
Sep 2025−0.5%−9.2%0.9%
Dec 20250.2%4%0.9%
Mar 2026−0.5%−8.6%0.9%
Jun 2026−1%−19.2%0.9%
ROIC and ROE over the last 12 months, each quarter, %; the flat line is the cost of capital. Last 12 quarters, lined up with the yearly figure.

Does KKR Real Estate Finance Trust have too much debt?

KKR Real Estate Finance Trust Inc. has total debt of $4.3 B against shareholder equity of $990 M as of Jun 2026, so its debt is 4.36× its equity. Year by year, that ratio went from 3.89 in FY21 to 3.83 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $4.7 B, 3.83× equity

  • Total debt $4.7 B
FY25: debt $4.7 B, 3.83× equity
QuarterTotal debt
FY21$5.3 B
FY22$6.2 B
FY23$6.1 B
FY24$4.9 B
FY25$4.7 B

Debt-to-equity

  • Debt-to-equity 3.83×
Debt-to-equity
QuarterDebt-to-equity
FY213.89×
FY223.92×
FY234.32×
FY243.50×
FY253.83×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 5-year window.

Jun 2026: debt $4.3 B, debt-to-equity 4.36

  • Total debt (quarterly) $4.3 B
Jun 2026: debt $4.3 B, debt-to-equity 4.36
QuarterTotal debt (quarterly)
Sep 2023$6.1 B
Dec 2023$6.1 B
Mar 2024$5.8 B
Jun 2024$5.6 B
Sep 2024$5.3 B
Dec 2024$4.9 B
Mar 2025$5.1 B
Jun 2025$4.9 B
Sep 2025$4.7 B
Dec 2025$4.7 B
Mar 2026$4.5 B
Jun 2026$4.3 B

Debt-to-equity

  • Debt-to-equity 4.36×
Debt-to-equity
QuarterDebt-to-equity
Sep 20234.20×
Dec 20234.32×
Mar 20244.21×
Jun 20243.86×
Sep 20243.76×
Dec 20243.50×
Mar 20253.77×
Jun 20253.81×
Sep 20253.63×
Dec 20253.83×
Mar 20263.90×
Jun 20264.36×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 12 quarters.

What is the KKR Real Estate Finance Trust shareholding pattern?

14.8% of KKR Real Estate Finance Trust Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.7 days. It is a single reading at one point in time; we do not have its history.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

14.8%Short interest · of the tradable float
5.7Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is KKR Real Estate Finance Trust from balance-sheet trouble?

For KKR Real Estate Finance Trust Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

How does KKR Real Estate Finance Trust rank in its industry?

There is no score against its industry: KKR Real Estate Finance Trust Inc. is not among the largest members shown in this industry comparison for REIT - Mortgage.

The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown.

Which companies is KKR Real Estate Finance Trust compared with?

No sector comparison is shown here, not among the largest members shown in this industry comparison.

Which companies are close to KKR Real Estate Finance Trust in size?

KKR Real Estate Finance Trust is the 23rd largest of 29 REIT - Mortgage companies on Sector Alpha by market value (scores of 4 November 2026). Just above it: Redwood Trust, Inc., Arbor Realty Trust, Inc. and NexPoint Real Estate Finance, Inc. Just below it: Apollo Commercial Real Estate Finance, Inc., Claros Mortgage Trust, Inc. and Chicago Atlantic Real Estate Finance, Inc.

REIT - Mortgage companies close in size

  1. Redwood Trust, Inc. $380 million
  2. Arbor Realty Trust, Inc. $359 million
  3. NexPoint Real Estate Finance, Inc. $337 million
  4. KKR Real Estate Finance Trust Inc. $331 million
  5. Apollo Commercial Real Estate Finance, Inc. $322 million
  6. Claros Mortgage Trust, Inc. $261 million
  7. Chicago Atlantic Real Estate Finance, Inc. $234 million

All 29 REIT - Mortgage companies, largest first

Companies close in size in other industries

  1. TRX Gold Corporation $299 million · Gold
  2. Princeton Bancorp, Inc. $299 million · Banks - Regional
  3. KKR Real Estate Finance Trust Inc. $299 million
  4. Ames National Corporation $298 million · Banks - Regional
  5. Fiverr International Ltd. $297 million · Internet Content & Information

What else do people ask about KKR Real Estate Finance Trust?

What were KKR Real Estate Finance Trust's latest quarterly results?

KKR Real Estate Finance Trust Inc. reported revenue of −$51.5 M and a net loss of $122 M for the Jun 2026 quarter. Earnings per share were −$1.95. The operating margin was 135.8%, 82.9 percentage points lower than a year earlier (as of 4 November 2026).

What is KKR Real Estate Finance Trust's profit?

KKR Real Estate Finance Trust Inc. earned −$122 M of net profit in the Jun 2026 quarter. Full-year FY25 profit was −$69.9 M. The operating margin was 135.8% in the latest quarter (as of 4 November 2026).

What is KKR Real Estate Finance Trust's market cap?

KKR Real Estate Finance Trust Inc.'s market capitalisation is $331 M at a stock price of $5.78. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026).

How is KKR Real Estate Finance Trust performing?

KKR Real Estate Finance Trust Inc.'s latest readings are below. Over the past 13 weeks it has done worse than the S&P 500, for 9 weeks running. This describes what the data did, not a rating (as of 4 November 2026).

Will KKR Real Estate Finance Trust's stock price go up?

This page does not forecast KKR Real Estate Finance Trust Inc.'s stock price. What it shows instead: the stock price is $5.78. Nobody can reliably say which way a price will move, and this site does not try (as of 4 November 2026).

Does KKR Real Estate Finance Trust have too much debt?

Yes, KKR Real Estate Finance Trust Inc. has a lot of debt: its debt is 3.12× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading.

Keep that borrowing in mind when reading the returns on this page (as of 4 November 2026).

Is KKR Real Estate Finance Trust's profit real cash?

Yes, over the last 3 years, 259% of KKR Real Estate Finance Trust Inc.'s reported profit came in as cash from operations. The latest year was lower at -103%, so the trend is worth watching. In FY25, operating cash was $72.3 M against reported profit of −$69.9 M.

Most of that cash then goes into a mix of the daily operating cycle and new capacity. These are yearly figures (as of 4 November 2026).

What could break the KKR Real Estate Finance Trust story?

The main question: the share price moved −26.6% in a year while yearly earnings per share moved −657.5%. The difference came from the market paying a higher multiple.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026).

Is KKR Real Estate Finance Trust a stock worth studying right now?

What the numbers show: KKR Real Estate Finance Trust Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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