KKR Real Estate Finance Trust (KREF) Debt Ratio (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Debt Ratio came in at 0.46 in Q2 2026, up 5.64% on a YoY basis from 0.44 in Q2 2025, and up 14.39% quarter-over-quarter from 0.4 in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) Debt Ratio (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Debt Ratio for 11 consecutive years, with 0.46 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 5.64% year-over-year to 0.46; the trailing twelve-month figure through Jun 2026 stood at 0.46 (up 5.64% YoY), and the FY2025 full-year result was 0.44, changed 0.48% from the prior year.
- Debt Ratio climbed to 0.46 in Q2 2026 per KREF's latest filing, from 0.4 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.5 in Q3 2023 and bottomed at 0.4 in Q1 2026.
- Historically, Debt Ratio has averaged 0.46 across 5 years, with a median of 0.46 in 2026.
- The sharpest annual moves came in 2022 and 2023: Debt Ratio declined 22.19% in 2022, then increased 15.9% in 2023.
- Over 5 years, Debt Ratio stood at 0.48 in 2022, then increased by 4.3% to 0.5 in 2023, then slipped by 12.06% to 0.44 in 2024, then grew by 0.48% to 0.44 in 2025, then climbed by 4.11% to 0.46 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.46, 0.4, and 0.44 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 0.24 |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 0.74 |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 0.31 |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 0.86 |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 0.01 |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 0.06 |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 0.85 |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 0.03 |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | 0.46 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.46 |
| Mar 31, 2026 | 0.40 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.42 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.46 |
| 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 | 0.50 |
| Jun 30, 2023 | 0.50 |
| Mar 31, 2023 | 0.49 |
| Dec 31, 2022 | 0.48 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.46 |
| Mar 31, 2022 | 0.42 |
| Dec 31, 2021 | 0.56 |
| Sep 30, 2021 | 0.51 |