KKR Real Estate Finance Trust KREF

REIT - Specialty, Real Estate

$5.76

+0.70%

Market cap: $337.4M
PE: n/m; a loss over the last year
Forward PE: n/m; not a meaningful number
Price to sales: n/m; not a meaningful number
EV/EBIT: n/m; a loss over the last year
Revenue, 12 months: n/m; not a meaningful number
Net margin: n/m; not a meaningful number

KKR Real Estate Finance Trust's trailing earnings are negative, so it has no PE.

Charts

Financials

Income statement for KREF, by quarter
Income statement	Q3 FY23	Q4 FY23	Q1 FY24	Q2 FY24	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Cost of revenue	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
SG&A	$4.8M+12%	$4.6M+1%	$5M+6%	$4.8M+2%	$4.7M−3%	$4M−14%	$4.8M−3%	$4.7M−2%	$4.7M+2%	$3.8M−4%	$4.6M−5%	$4.7M−1%
Interest expense	$118.6M+76%	$118.5M+29%	$112.5M+6%	$108.8M−6%	$103.1M−13%	$88.5M−25%	$82.6M−27%	$82.1M−25%	$82.7M−20%	$75.5M−15%	$69.7M−16%	$67.3M−18%
Pre-tax income	$27M	−$12.9M	−$3.4M−87%	$25.6M	−$7.2M	$19.6M	−$5.7M+70%	−$30.6M	$12.8M	−$27.1M	−$57.2M+894%	−$117.3M+284%
	$165K	$199K+243%	$41K−76%	$71K−60%	$91K−45%	$45K−77%	$0	$0	$0	−$156K	$0	$0
Net income	$27.1M	−$12.9M	−$3.1M−88%	$25.8M	−$7.4M	$20.3M	−$4.9M+56%	−$29.7M	$13.8M	−$26.2M	−$56.1M+1055%	−$116.4M+291%
	$0.31	−$0.27	−$0.13−71%	$0.29	−$0.19	$0.21	−$0.15+15%	−$0.53	$0.12	−$0.49	−$0.96+540%	−$1.95+268%
	69.1M−0%	69.4M+0%	69.4M+0%	69.4M+0%	69.4M+1%	69.3M−0%	68.8M−1%	67.2M−3%	65.9M−5%	65.4M−6%	64.7M−6%	62.5M−7%

EPS, diluted: 3 periods, Q4 FY16 to Q4 FY18: quarter's net income to common over its shares, to the cent.

Diluted shares: Q4 FY16: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in REIT - Specialty nearest KKR Real Estate Finance Trust's size, closest first.

Company	Market cap	PE	Its 10y median PE	P/S	Revenue growth	Net margin
KREFKKR Real Estate Finance Trust	$337.4M	n/m	13.8×	n/m	n/m	n/m
CHCTCommunity Healthcare Trust	$372.5M	19.4×	95.0×	3.0×	+6%	16.8%
NREFNexPoint Real Estate Finance	$294.2M	7.5×	7.4×	n/m	n/m	n/m
PINEAlpine Income Property Trust	$289.9M	35.1×	76.6×	3.8×	+32%	16.5%
XRNChiron Real Estate	$397.1M	8.1×	9.7×	2.6×	+8%	37.8%
TCITranscontinental Realty Investors	$425.1M	51.5×	44.7×	8.5×	+5%	16.1%
FPIFarmland Partners	$447.2M	20.5×	42.2×	8.7×	−6%	49.8%
REFIChicago Atlantic Real Estate Finance	$240.1M	6.8×	7.7×	n/m	n/m	n/m
TRTXTPG RE Finance Trust	$482.1M	11.6×	11.9×	3.3×	−3%	40.2%
OLPOne Liberty Properties	$487.8M	14.2×	17.6×	n/m	n/m	n/m
FBRTFranklin BSP Realty Trust	$518.2M	14.5×	13.3×	1.7×	+42%	20.5%
Peer median	$411.1M	14.4×	15.4×	3.3×	+6%	20.5%