KKR Real Estate Finance Trust (KREF) EBT (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly EBT came in at -$117.3 million in Q2 2026, down 283.78% on a YoY basis from $63.8 million in Q2 2025, and down 105.27% quarter-over-quarter from -$57.2 million in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) EBT (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported EBT for 11 consecutive years, with -$117.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EBT fell 283.78% year-over-year to -$117.3 million; the trailing twelve-month figure through Jun 2026 stood at -$188.8 million (down 688.11% YoY), and the FY2025 full-year result was -$50.6 million, down 246.48% from the prior year.
- EBT declined to -$117.3 million in Q2 2026 per KREF's latest filing, from -$57.2 million in the prior quarter.
- Across five years, EBT topped out at $35.4 million in Q1 2022 and bottomed at -$117.3 million in Q2 2026.
- Historically, EBT has averaged -$10.2 million across 5 years, with a median of -$6.5 million in 2024.
- The sharpest annual moves came in 2025 and 2026: EBT surged 276.48% in 2025, then slumped 894.24% in 2026.
- Over 5 years, EBT stood at $20.2 million in 2022, then tumbled by 164.06% to -$12.9 million in 2023, then surged by 251.78% to $19.6 million in 2024, then tumbled by 238.23% to -$27.1 million in 2025, then sank by 333.04% to -$117.3 million in 2026.
- According to Business Quant data, EBT over the past three periods registered -$117.3 million, -$57.2 million, and -$27.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 834.67 Mn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 21.23 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 86.89 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 68.20 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | -78.77 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 47.11 Mn |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | -117.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -117.33 Mn |
| Mar 31, 2026 | -57.16 Mn |
| Dec 31, 2025 | -27.10 Mn |
| Sep 30, 2025 | 12.77 Mn |
| Jun 30, 2025 | -30.57 Mn |
| Mar 31, 2025 | -5.75 Mn |
| Dec 31, 2024 | 19.60 Mn |
| Sep 30, 2024 | -7.24 Mn |
| Jun 30, 2024 | 25.60 Mn |
| Mar 31, 2024 | -3.39 Mn |
| Dec 31, 2023 | -12.91 Mn |
| Sep 30, 2023 | 27.00 Mn |
| Jun 30, 2023 | -19.95 Mn |
| Mar 31, 2023 | -25.09 Mn |
| Dec 31, 2022 | 20.16 Mn |
| Sep 30, 2022 | -42.92 Mn |
| Jun 30, 2022 | 25.00 Mn |
| Mar 31, 2022 | 35.41 Mn |
| Dec 31, 2021 | 40.77 Mn |
| Sep 30, 2021 | 35.78 Mn |