Valuation
Is the price right?Insufficient data
Insufficient data: 1 of 2 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.
Bringing the fundamentals into focus…
KREF Real Estate
KKR Real Estate Finance Trust Inc.
$5.21-0.76%
Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026
Basics
- Sector
- Real Estate
- Industry
- REIT - Mortgage
- Country
- United States
- Market cap
- 305.2M USD
- Enterprise value
- 4.9B USD
Growth
Is it growing?14/100
Weak
3/3 inputs reported · High confidence
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ Revenue growth
- ▼ 3-yr revenue
- ▼ EPS growth
Behind the score
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
Earnings per share growthUnavailable
The loss per share widened33% base weight · Z-score -1.31Sector median: 0.1117 · MAD: 0.31013-year revenue growth-13.5%
Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Reported value33% base weight · Z-score -2.33Sector median: 0.0378 · MAD: 0.0744Revenue growth-27.2%
Yahoo Finance fallback · SEC figure unavailable or out of date · fiscal year to Dec 2025Reported value33% base weight · Z-score -3.26Sector median: 0.0297 · MAD: 0.0927Profitability
Does it earn well?27/100
Weak
2/3 inputs reported · Partial data
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ ROA
Behind the score
Return on invested capital, operating margin, and return on assets.
Operating marginUnavailable
Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.2683 · MAD: 0.2257Return on assets-2.8%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -3.67Sector median: 0.0211 · MAD: 0.0134Return on invested capital7.7%
SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.16Sector median: 0.0341 · MAD: 0.0197Other data (not scored)
Gross marginUnavailable
Missing · left out of the scoreInformational · 0% composite weightSector median: 0.5380 · MAD: 0.2259Return on equity-19.9%
SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0521 · MAD: 0.0465Risk
Debt, liquidity, price swingsHigher
Higher relative risk
3/3 inputs reported · High confidence
Since last quarter: No major change
Why
Compare with peers Weaker than most peers on:
- ▼ Debt / equity
- ▼ Beta
Behind the score
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Beta0.88
Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.41Sector median: 0.7490 · MAD: 0.3270Current ratio4.38×
Yahoo Finance fallback · SEC figure unavailable or out of dateReported value33% base weight · Z-score 4.42Sector median: 1.1950 · MAD: 0.7210Debt / equity4.36×
Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score -9.13Sector median: 0.8040 · MAD: 0.3893Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about KKR Real Estate Finance Trust
- Is KKR Real Estate Finance Trust getting weaker?
- Its latest SEC filing (Jul 21, 2026) got stronger: share count down 8.9%. Its overall score is unchanged at 17/100 since Oct 28, 2026.
- How is KKR Real Estate Finance Trust valued vs its peers?
- Insufficient data: 1 of 2 inputs reported (at least 2 needed).
- Is KKR Real Estate Finance Trust growing?
- More slowly than most of its peers. Growth scores 14/100 against 762 real estate peers. Revenue growth -27.2% vs a peer median of 3.0% (weaker than 87% of peers).Revenue growth -27.2% vs peers 3.0% (weaker than 87% of peers).
- How profitable is KKR Real Estate Finance Trust?
- Less profitable than most of its peers. Profitability scores 27/100 against 762 real estate peers. Return on invested capital 7.7% vs a peer median of 3.4% (stronger than 83% of peers).Return on invested capital 7.7% vs peers 3.4% (stronger than 83% of peers). Return on assets -2.8% vs a peer median of 2.1% (weaker than 94% of peers).Return on assets -2.8% vs peers 2.1% (weaker than 94% of peers).
- How risky is KKR Real Estate Finance Trust?
- Higher risk relative to 762 real estate peers, judged on debt, liquidity and share-price swings. Current ratio 4.38× vs a peer median of 1.20× (stronger than 92% of peers).Current ratio 4.38× vs peers 1.20× (stronger than 92% of peers). Debt / equity 4.36× vs a peer median of 0.80× (weaker than 94% of peers).Debt / equity 4.36× vs peers 0.80× (weaker than 94% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Jul 21, 2026 · compared with the quarter ended Mar 31, 2026Got stronger
- Share count down 8.9%
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Net income (12 months) | −98.3M USD | −185.0M USD | +88.1% |
| Cash | 135.4M USD | 83.1M USD | −38.7% |
| Shares outstanding | 64.3M | 58.6M | −8.9% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Sector: Real Estate · 124 companiesValuations in Real Estate are within their usual range since 2016.
- 30% of months since 2016 were valued lower than now.
- 15% of companies are in the most expensive fifth of their own price-to-sales history.
- Over 24 months, company values +4% and earnings +25% (medians): earnings grew faster than prices.
- Median price-to-sales is +112% vs the whole market, against a usual +154%.
Shown for Real Estate: too few REIT - Mortgage companies have a long enough history of their own.
Financials
Fiscal years from SEC annual filings · change vs the prior year| Key ratios | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | Change |
|---|---|---|---|---|---|---|
| Return on assets (ROA) | 2.0% | 0.5% | -0.4% | 0.6% | -0.7% | ▼ 1.3 pts |
| Return on equity (ROE) | 10.1% | 2.4% | -2.2% | 2.6% | -4.0% | ▼ 6.7 pts |
| Interest coverage | 1.10× | 1.08× | 0.89× | 1.01× | 0.77× | ▼ 24% |
KREF price history
Price history is added with the daily price update and will appear after the next one.