KKR REAL ESTATE FINANCE INC TRUST (KREF)

What KKR REAL ESTATE FINANCE INC TRUST does

KKR Real Estate Finance Inc. Trust (KREF) is a real estate finance company that originates and acquires transitional senior loans secured by institutional-quality commercial real estate properties owned by experienced sponsors in top markets. The company's portfolio includes mezzanine loans, preferred equity, and other debt-oriented instruments, with an investment objective of capital preservation and generation of attractive risk-adjusted returns primarily through dividends. Organized as a REIT and externally managed by an affiliate of KKR & Co. Inc., the company operates with a diversified portfolio of performing senior commercial real estate loans.

Fundamentals

• Price$7.23 as of 2026-07-09 close
• Market cap$469M as of 2026-07-10
• 1-year return-21.3% as of 2026-07-09 close
• Net margin-22.1% as of 2026-07-10
• Gross margin+30.3% as of 2026-07-10
• ROE-8.3% as of 2026-07-10
• Debt / equity4.11 as of 2026-07-10
• Revenue growth (YoY)-19.6% as of 2026-07-10
• Beta0.89 as of 2026-07-10

Dividend: yield +5.5%; 2-year non-decreasing per-share dividend streak (SEC XBRL).

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Key risks (from latest filing)

["Fluctuations in interest rates and credit spreads could reduce ability to generate income on loans and significantly decrease results of operations and cash flows","Adverse developments in real estate and capital markets could negatively impact portfolio performance and valuation","Difficulty accessing financing or raising capital, including due to capital market dislocations, could impair liquidity and operations"]

See KREF's biggest risks from its latest 10-Q →

Competitors & peers

• Blackstone Mortgage Trust
• Arbor Realty Trust
• Starwood Property Trust
• Broadmark Realty Capital
• Granite Point Mortgage Trust

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