KKR Real Estate Finance Trust (KREF) EBITDA (2016 - 2026)

KKR Real Estate Finance Trust (KREF) reported EBITDA of $12.6 million for Q1 2026, down 83.66% on a YoY basis from $76.9 million in Q1 2025, and down 74.08% quarter-over-quarter from $48.5 million in Q4 2025.

KKR Real Estate Finance Trust (KREF) EBITDA (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust has reported EBITDA for 11 years, with the latest figure at $12.6 million in Q1 2026.

  • For the quarter ending Q1 2026, EBITDA fell 83.66% year-over-year to $12.6 million; the trailing twelve-month figure through Mar 2026 stood at $208.0 million (down 49.91% YoY), and the FY2025 full-year result was $272.3 million, down 39.15% from the prior year.
  • EBITDA for Q1 2026 stood at $12.6 million, down from $48.5 million in the prior quarter.
  • The five-year high for EBITDA was $145.6 million in Q3 2023, with the low at $12.6 million in Q1 2026.
  • Historically, EBITDA has averaged $84.4 million across 5 years, with a median of $95.5 million in 2025.
  • Annual changes were most pronounced in 2023 — EBITDA surged 496.88% — and 2026, when it tumbled 83.66%.
  • KKR Real Estate Finance Trust's EBITDA stood at $111.8 million in 2022, then dropped by 5.49% to $105.6 million in 2023, then advanced by 2.33% to $108.1 million in 2024, then sank by 55.17% to $48.5 million in 2025, then tumbled by 74.08% to $12.6 million in 2026.
  • The last three EBITDA figures came in at $12.6 million (Q1 2026), $48.5 million (Q4 2025), and $95.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 245.47 Mn
2 AGNC Investment 11.42 Bn 10.75 Bn - -156.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 382.38 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - 154.24 Mn
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 215.55 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -83.17 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -
8 Ellington Financial 1.67 Bn 1.39 Bn - 179.14 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - -11.91 Mn
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn - 12.56 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 58.14 Mn