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

KKR Real Estate Finance Trust (KREF-PA) reported FCF Payout Ratio of 0.52 for Q1 2026, down 55.53% on a YoY basis from 1.17 in Q1 2025, and down 70.94% quarter-over-quarter from 1.8 in Q4 2025.

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

KKR Real Estate Finance Trust has reported FCF Payout Ratio for 11 years, with the latest figure at 0.52 in Q1 2026.

  • For the quarter ending Q1 2026, FCF Payout Ratio fell 55.53% year-over-year to 0.52; the trailing twelve-month figure through Mar 2026 stood at 1.08 (up 79.12% YoY), and the FY2025 full-year result was 1.07, up 72.48% from the prior year.
  • FCF Payout Ratio for Q1 2026 stood at 0.52, down from 1.8 in the prior quarter.
  • The five-year high for FCF Payout Ratio was 1.8 in Q4 2025, with the low at 0.31 in Q3 2024.
  • Historically, FCF Payout Ratio has averaged 0.87 across 5 years, with a median of 0.81 in 2023.
  • Annual changes were most pronounced in 2022 — FCF Payout Ratio plunged 73.01% — and 2025, when it surged 461.66%.
  • KKR Real Estate Finance Trust's FCF Payout Ratio stood at 0.69 in 2022, then rose by 17.39% to 0.81 in 2023, then increased by 15.89% to 0.94 in 2024, then jumped by 91.58% to 1.8 in 2025, then slumped by 70.94% to 0.52 in 2026.
  • The last three FCF Payout Ratio figures came in at 0.52 (Q1 2026), 1.8 (Q4 2025), and 1.73 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -0.01
2 AGNC Investment 11.42 Bn 10.75 Bn - 1.17
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 1.91
4 Rithm Capital 5.08 Bn 4.78 Bn - 2.83
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.47
6 Dynex Capital 2.58 Bn 1.80 Bn - 1.47
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.80
8 Ellington Financial 1.67 Bn 1.39 Bn - 0.00
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -0.07
10 KKR Real Estate Finance Trust - - - 0.52

Historic Data

Download Data
DateValue
Mar 31, 2026 0.52
Dec 31, 2025 1.80
Sep 30, 2025 1.73
Jun 30, 2025 0.76
Mar 31, 2025 1.17
Dec 31, 2024 0.94
Sep 30, 2024 0.31
Jun 30, 2024 0.68
Mar 31, 2024 0.54
Dec 31, 2023 0.81
Sep 30, 2023 0.71
Jun 30, 2023 0.82
Mar 31, 2023 0.73
Dec 31, 2022 0.69
Sep 30, 2022 0.85
Jun 30, 2022 0.86
Mar 31, 2022 0.88
Dec 31, 2021 2.55
Sep 30, 2021 0.62
Jun 30, 2021 0.86