KREF
KKR Real Estate Finance Trust Inc
NYSE: KREF · REAL ESTATE · REIT - MORTGAGE
$6.16
-1.44% today
Updated 2026-04-29
Market cap
$391.59M
P/E ratio
—
P/S ratio
27.18x
EPS (TTM)
$-1.86
Dividend yield
14.90%
52W range
$5 – $9
Volume
1.7M
KKR Real Estate Finance Trust Inc (KREF) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700000.00 | $19.69M | $35.26M | $65.24M | $99.24M | $99.77M | $125.63M | $151.94M | $436.51M | $181.61M | $592.62M | $457.96M |
| Revenue growth (YoY) | — | +2712.9% | +79.1% | +85.0% | +52.1% | +0.5% | +25.9% | +20.9% | +187.3% | -58.4% | +226.3% | -22.7% |
| Cost of revenue | $0.00 | $554000.00 | $7.43M | $-13.49M | $-16.35M | $158.86M | $88.35M | $39.83M | $37.43M | $11.19M | $49.60M | $53.56M |
| Gross profit | $700000.00 | $19.69M | $35.26M | $78.73M | $115.59M | $99.77M | $125.63M | $151.94M | $399.08M | $170.42M | $543.02M | $404.40M |
| Gross margin | 100.0% | 100.0% | 100.0% | 120.7% | 116.5% | 100.0% | 100.0% | 100.0% | 91.4% | 93.8% | 91.6% | 88.3% |
| R&D | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $2.90M | $1.99M | $2.27M | $4.94M | $7.81M | $10.52M | $14.24M | $14.23M | $17.62M | $18.79M | $18.41M | $32.81M |
| Operating income | $-2.20M | $17.71M | $38.94M | $81.39M | $174.69M | $90.54M | $54.81M | $137.87M | $269.09M | $-52.15M | $445.97M | $271.64M |
| Operating margin | -314.3% | 89.9% | 110.4% | 124.7% | 176.0% | 90.8% | 43.6% | 90.7% | 61.6% | -28.7% | 75.3% | 59.3% |
| EBITDA | $112000.00 | $17.71M | $38.94M | $81.39M | $174.69M | $90.54M | $77.14M | $153.60M | $273.75M | $-52.15M | $448.47M | $274.92M |
| EBITDA margin | 16.0% | 89.9% | 110.4% | 124.7% | 176.0% | 90.8% | 61.4% | 101.1% | 62.7% | -28.7% | 75.7% | 60.0% |
| EBIT | $-2.09M | $17.71M | $38.94M | $81.39M | $174.69M | $90.54M | $54.81M | $137.87M | $106.84M | $-52.15M | $447.49M | $272.32M |
| Interest expense | $0.00 | $554000.00 | $7.43M | $21.22M | $85.02M | $158.86M | $127.31M | $114.44M | $236.09M | $458.80M | $412.91M | $322.96M |
| Income tax | $0.00 | $393000.00 | $354000.00 | $1.10M | $-70000.00 | $579000.00 | $412000.00 | $684000.00 | $58000.00 | $710000.00 | $248000.00 | $-156000.00 |
| Effective tax rate | 0.0% | 2.3% | 1.1% | 1.8% | -0.1% | 0.6% | 0.8% | 0.5% | 0.2% | -1.3% | 0.7% | 0.3% |
| Net income | $-2.09M | $16.76M | $31.16M | $59.06M | $89.74M | $89.97M | $54.40M | $137.18M | $38.10M | $-53.92M | $35.59M | $-47.05M |
| Net income growth (YoY) | — | +902.8% | +85.9% | +89.6% | +51.9% | +0.2% | -39.5% | +152.2% | -72.2% | -241.5% | +166.0% | -232.2% |
| Profit margin | -298.3% | 85.1% | 88.4% | 90.5% | 90.4% | 90.2% | 43.3% | 90.3% | 8.7% | -29.7% | 6.0% | -10.3% |