KKR Real Estate Finance Trust (KREF) Debt Ratio (2019 - 2026)

KKR Real Estate Finance Trust (KREF) posted Debt Ratio of 0.1 for Q2 2026, down 76.15% on a QoQ basis from 0.4 in Q1 2026, and down 77.98% year-over-year from 0.44 in Q2 2025.

KKR Real Estate Finance Trust (KREF) Debt Ratio (2019 - 2026) Analysis & Trends

KKR Real Estate Finance Trust's Debt Ratio history runs 8 years deep, the most recent figure standing at 0.1 for Q2 2026.

  • Quarterly Debt Ratio fell 77.98% year-over-year to 0.1 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 0.1 (down 77.98% YoY) and the FY2025 annual result came in at 0.1, up 86.11% from the prior year.
  • Debt Ratio was 0.1 for Q2 2026 at KKR Real Estate Finance Trust, down from 0.4 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.5 in Q3 2023 and bottomed at 0.04 in Q1 2023.
  • A 5-year average of 0.24 and a median of 0.1 in 2025 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio tumbled 91.93% — and 2023, when it soared 1060.85%.
  • KKR Real Estate Finance Trust's Debt Ratio stood at 0.04 in 2022, then surged by 1060.85% to 0.5 in 2023, then tumbled by 89.51% to 0.05 in 2024, then soared by 86.11% to 0.1 in 2025, then decreased by 1.77% to 0.1 in 2026.
  • Business Quant data shows KREF's Debt Ratio at 0.1 in Q2 2026, 0.4 in Q1 2026, and 0.1 in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 0.01
2 AGNC Investment 11.85 Bn 11.36 Bn - 0.74
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 0.30
4 Rithm Capital 5.01 Bn 5.01 Bn - -
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 0.04
6 Ellington Financial 1.63 Bn 1.51 Bn - 0.01
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 0.85
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 0.01
10 KKR Real Estate Finance Trust 446.61 Mn 422.08 Mn - 0.10

Historic Data

Download Data
DateValue
Jun 30, 2026 0.10
Mar 31, 2026 0.40
Dec 31, 2025 0.10
Sep 30, 2025 0.10
Jun 30, 2025 0.44
Mar 31, 2025 0.46
Dec 31, 2024 0.05
Sep 30, 2024 0.05
Jun 30, 2024 0.05
Mar 31, 2024 0.05
Dec 31, 2023 0.50
Sep 30, 2023 0.50
Jun 30, 2023 0.50
Mar 31, 2023 0.04
Dec 31, 2022 0.04
Sep 30, 2022 0.46
Jun 30, 2022 0.04
Mar 31, 2022 0.42
Dec 31, 2021 0.05
Sep 30, 2021 0.51