KKR Real Estate Finance Trust (KREF) EBIT (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly EBIT came in at -$50.0 million in Q2 2026, down 197.09% on a YoY basis from $51.5 million in Q2 2025, and down 498.38% quarter-over-quarter from $12.6 million in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) EBIT (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported EBIT for 11 consecutive years, with -$50.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBIT fell 197.09% year-over-year to -$50.0 million; the trailing twelve-month figure through Jun 2026 stood at $106.4 million (down 67.98% YoY), and the FY2025 full-year result was $272.3 million, down 39.15% from the prior year.
- EBIT slipped to -$50.0 million in Q2 2026 per KREF's latest filing, from $12.6 million in the prior quarter.
- Across five years, EBIT topped out at $145.6 million in Q3 2023 and bottomed at -$50.0 million in Q2 2026.
- Historically, EBIT has averaged $76.9 million across 5 years, with a median of $88.2 million in 2023.
- The sharpest annual moves came in 2023 and 2026: EBIT soared 496.88% in 2023, then tumbled 197.09% in 2026.
- Over 5 years, EBIT stood at $111.8 million in 2022, then fell by 5.49% to $105.6 million in 2023, then grew by 2.33% to $108.1 million in 2024, then tumbled by 55.17% to $48.5 million in 2025, then slumped by 203.25% to -$50.0 million in 2026.
- According to Business Quant data, EBIT over the past three periods registered -$50.0 million, $12.6 million, and $48.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 2.16 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 365.81 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 102.39 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 157.75 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 148.42 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 145.66 Mn |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | -50.03 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -50.03 Mn |
| Mar 31, 2026 | 12.56 Mn |
| Dec 31, 2025 | 48.45 Mn |
| Sep 30, 2025 | 95.46 Mn |
| Jun 30, 2025 | 51.53 Mn |
| Mar 31, 2025 | 76.88 Mn |
| Dec 31, 2024 | 108.08 Mn |
| Sep 30, 2024 | 95.91 Mn |
| Jun 30, 2024 | 134.42 Mn |
| Mar 31, 2024 | 109.09 Mn |
| Dec 31, 2023 | 105.62 Mn |
| Sep 30, 2023 | 145.62 Mn |
| Jun 30, 2023 | 95.73 Mn |
| Mar 31, 2023 | 80.89 Mn |
| Dec 31, 2022 | 111.75 Mn |
| Sep 30, 2022 | 24.40 Mn |
| Jun 30, 2022 | 69.73 Mn |
| Mar 31, 2022 | 67.87 Mn |
| Dec 31, 2021 | 71.04 Mn |
| Sep 30, 2021 | 65.61 Mn |