KKR Real Estate Finance Trust (KREF) Debt Ratio (2016 - 2026)
KKR Real Estate Finance Trust's Debt Ratio was 0.58 in Q3 2026, up 13.5% from 0.51 a year earlier and up 4.7% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Debt Ratio (2016 - 2026) Analysis & Trends
For FY2025, Debt Ratio at KKR Real Estate Finance Trust came in at 0.54, up 9.6% from FY2024.
- In earlier years, Debt Ratio was 0.49 in FY2024 (-9.6%), 0.55 in FY2023 (+4.2%), 0.52 in FY2022 (-13.7%) and 0.61 in FY2021 (+5.2%).
- The Q3 2026 figure marks the highest quarterly Debt Ratio since Q4 2021.
- Compared with a year earlier, Debt Ratio was higher in six of the last eight quarters, with growth averaging 2.4%.
- The best year-over-year quarter for Debt Ratio over five years was Q3 2026 (growth of 13.5%); the worst was Q1 2022 (a decline of 21.4%).
- Per Business Quant data, KREF's Debt Ratio in the three quarters before Q3 2026 was 0.56 (Q2 2026), 0.49 (Q1 2026) and 0.54 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 0.44 |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 0.59 |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 0.39 |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 0.97 |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 0.07 |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 0.18 |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 0.02 |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 0.43 |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 0.26 |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | 0.58 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.58 |
| Jun 30, 2026 | 0.56 |
| Mar 31, 2026 | 0.49 |
| Dec 31, 2025 | 0.54 |
| Sep 30, 2025 | 0.51 |
| Jun 30, 2025 | 0.52 |
| Mar 31, 2025 | 0.54 |
| Dec 31, 2024 | 0.49 |
| Sep 30, 2024 | 0.49 |
| Jun 30, 2024 | 0.51 |
| Mar 31, 2024 | 0.53 |
| Dec 31, 2023 | 0.55 |
| Sep 30, 2023 | 0.55 |
| Jun 30, 2023 | 0.54 |
| Mar 31, 2023 | 0.53 |
| Dec 31, 2022 | 0.52 |
| Sep 30, 2022 | 0.50 |
| Jun 30, 2022 | 0.51 |
| Mar 31, 2022 | 0.47 |
| Dec 31, 2021 | 0.61 |
API Access
KKR Real Estate Finance Trust Debt Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=debt-ratio&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "KREF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();