KKR Real Estate Finance Trust (KREF-PA) Debt Ratio (2016 - 2026)

KKR Real Estate Finance Trust (KREF-PA) reported Debt Ratio of 0.4 for Q1 2026, up 392.94% on a YoY basis from 0.08 in Q1 2025, and up 311.93% quarter-over-quarter from 0.1 in Q4 2025.

KKR Real Estate Finance Trust (KREF-PA) Debt Ratio (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust has reported Debt Ratio for 11 years, with the latest figure at 0.4 in Q1 2026.

  • For the quarter ending Q1 2026, Debt Ratio rose 392.94% year-over-year to 0.4; the trailing twelve-month figure through Mar 2026 stood at 0.4 (up 392.94% YoY), and the FY2025 full-year result was 0.1, down 77.8% from the prior year.
  • Debt Ratio for Q1 2026 stood at 0.4, up from 0.1 in the prior quarter.
  • The five-year high for Debt Ratio was 0.5 in Q4 2023, with the low at 0.04 in Q4 2022.
  • Historically, Debt Ratio has averaged 0.29 across 5 years, with a median of 0.42 in 2025.
  • Annual changes were most pronounced in 2022 — Debt Ratio plunged 92.23% — and 2023, when it soared 1060.85%.
  • KKR Real Estate Finance Trust's Debt Ratio stood at 0.04 in 2022, then soared by 1060.85% to 0.5 in 2023, then retreated by 12.06% to 0.44 in 2024, then tumbled by 77.8% to 0.1 in 2025, then soared by 311.93% to 0.4 in 2026.
  • The last three Debt Ratio figures came in at 0.4 (Q1 2026), 0.1 (Q4 2025), and 0.42 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 0.22
2 AGNC Investment 11.42 Bn 10.75 Bn - 0.74
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.07
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.04
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.86
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.01
10 KKR Real Estate Finance Trust - - - 0.40

Historic Data

Download Data
DateValue
Mar 31, 2026 0.40
Dec 31, 2025 0.10
Sep 30, 2025 0.42
Jun 30, 2025 0.08
Mar 31, 2025 0.08
Dec 31, 2024 0.44
Sep 30, 2024 0.45
Jun 30, 2024 0.47
Mar 31, 2024 0.49
Dec 31, 2023 0.50
Sep 30, 2023 0.04
Jun 30, 2023 0.04
Mar 31, 2023 0.49
Dec 31, 2022 0.04
Sep 30, 2022 0.04
Jun 30, 2022 0.46
Mar 31, 2022 0.42
Dec 31, 2021 0.56
Sep 30, 2021 0.05
Jun 30, 2021 0.54