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| Date | Value |
|---|---|
| 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 |