KKR Real Estate Finance Trust (KREF-PA) Total Debt (2016 - 2026)
KKR Real Estate Finance Trust (KREF-PA) reported Total Debt of $2.8 billion for Q1 2026, up 422.69% on a YoY basis from $535.9 million in Q1 2025, and up 342.87% quarter-over-quarter from $632.5 million in Q4 2025.
KKR Real Estate Finance Trust (KREF-PA) Total Debt (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust has reported Total Debt for 11 years, with the latest figure at $2.8 billion in Q1 2026.
- For the quarter ending Q1 2026, Total Debt rose 422.69% year-over-year to $2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $2.8 billion (up 422.69% YoY), and the FY2025 full-year result was $632.5 million, down 77.4% from the prior year.
- Total Debt for Q1 2026 stood at $2.8 billion, up from $632.5 million in the prior quarter.
- The five-year high for Total Debt was $3.9 billion in Q1 2023, with the low at $335.7 million in Q3 2023.
- Historically, Total Debt has averaged $2.1 billion across 5 years, with a median of $2.8 billion in 2024.
- Annual changes were most pronounced in 2022 — Total Debt sank 90.96% — and 2023, when it soared 1022.95%.
- KKR Real Estate Finance Trust's Total Debt stood at $336.8 million in 2022, then soared by 1022.95% to $3.8 billion in 2023, then declined by 26.01% to $2.8 billion in 2024, then sank by 77.4% to $632.5 million in 2025, then soared by 342.87% to $2.8 billion in 2026.
- The last three Total Debt figures came in at $2.8 billion (Q1 2026), $632.5 million (Q4 2025), and $2.7 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 30.72 Bn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 87.60 Bn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 4.29 Bn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 782.22 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | - |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 18.46 Bn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | - |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 111.20 Mn |
| 10 | KKR Real Estate Finance Trust | - | - | - | 2.80 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.80 Bn |
| Dec 31, 2025 | 632.52 Mn |
| Sep 30, 2025 | 2.70 Bn |
| Jun 30, 2025 | 535.05 Mn |
| Mar 31, 2025 | 535.92 Mn |
| Dec 31, 2024 | 2.80 Bn |
| Sep 30, 2024 | 3.02 Bn |
| Jun 30, 2024 | 3.29 Bn |
| Mar 31, 2024 | 3.52 Bn |
| Dec 31, 2023 | 3.78 Bn |
| Sep 30, 2023 | 335.68 Mn |
| Jun 30, 2023 | 336.11 Mn |
| Mar 31, 2023 | 3.88 Bn |
| Dec 31, 2022 | 336.83 Mn |
| Sep 30, 2022 | 337.18 Mn |
| Jun 30, 2022 | 3.57 Bn |
| Mar 31, 2022 | 3.04 Bn |
| Dec 31, 2021 | 3.73 Bn |
| Sep 30, 2021 | 287.05 Mn |
| Jun 30, 2021 | 3.00 Bn |