KKR Real Estate Finance Trust (KREF) Debt to Equity (2016 - 2026)

KKR Real Estate Finance Trust (KREF) reported Debt to Equity of $2.43 for Q1 2026, up 518.2% on a YoY basis from $0.39 in Q1 2025, and up 350.42% quarter-over-quarter from $0.54 in Q4 2025.

KKR Real Estate Finance Trust (KREF) Debt to Equity (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust has reported Debt to Equity for 11 years, with the latest figure at $2.43 in Q1 2026.

  • For the quarter ending Q1 2026, Debt to Equity rose 518.2% year-over-year to $2.43; the trailing twelve-month figure through Mar 2026 stood at $2.43 (up 518.2% YoY), and the FY2025 full-year result was $0.54, down 73.04% from the prior year.
  • Debt to Equity for Q1 2026 stood at $2.43, up from $0.54 in the prior quarter.
  • The five-year high for Debt to Equity was $29996.5 in Q2 2022, with the low at -$161469.2 in Q1 2023.
  • Historically, Debt to Equity has averaged -$7586.8 across 5 years, with a median of $2.0 in 2024.
  • The largest YoY upside for Debt to Equity was 1212232.47% in 2023 against a maximum downside of 200010.89% in 2023.
  • KKR Real Estate Finance Trust's Debt to Equity stood at $0.21 in 2022, then jumped by 1156.71% to $2.69 in 2023, then dropped by 25.73% to $2.0 in 2024, then plunged by 73.04% to $0.54 in 2025, then soared by 350.42% to $2.43 in 2026.
  • The last three Debt to Equity figures came in at $2.43 (Q1 2026), $0.54 (Q4 2025), and $2.19 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 1.89
2 AGNC Investment 11.42 Bn 10.75 Bn - 7.19
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.61
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.23
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 7.90
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.06
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn - 2.43

Historic Data

Download Data
DateValue
Mar 31, 2026 2.43
Dec 31, 2025 0.54
Sep 30, 2025 2.19
Jun 30, 2025 0.41
Mar 31, 2025 0.39
Dec 31, 2024 2.00
Sep 30, 2024 2.14
Jun 30, 2024 2.28
Mar 31, 2024 2.55
Dec 31, 2023 2.69
Sep 30, 2023 2,562.44
Jun 30, 2023 -3.47
Mar 31, 2023 -161,469.21
Dec 31, 2022 0.21
Sep 30, 2022 0.21
Jun 30, 2022 29,996.48
Mar 31, 2022 -80.69
Dec 31, 2021 25,350.97
Sep 30, 2021 516.28
Jun 30, 2021 43,428.46