KKR Real Estate Finance Trust (KREF) Debt Ratio (2016 - 2026)
KKR Real Estate Finance Trust (KREF) 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) 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 | 447.54 Mn | 369.35 Mn | - | 0.40 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |