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

KKR Real Estate Finance Trust (KREF) reported Equity Ratio of 0.17 for Q1 2026, down 20.26% on a YoY basis from 0.21 in Q1 2025, and down 8.54% quarter-over-quarter from 0.18 in Q4 2025.

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

KKR Real Estate Finance Trust has reported Equity Ratio for 11 years, with the latest figure at 0.17 in Q1 2026.

  • For the quarter ending Q1 2026, Equity Ratio fell 20.26% year-over-year to 0.17; the trailing twelve-month figure through Mar 2026 stood at 0.17 (down 20.26% YoY), and the FY2025 full-year result was 0.18, down 17.66% from the prior year.
  • Equity Ratio for Q1 2026 stood at 0.17, down from 0.18 in the prior quarter.
  • The five-year high for Equity Ratio was 0.22 in Q4 2024, with the low at 0.01 in Q2 2023.
  • Historically, Equity Ratio has averaged 0.14 across 5 years, with a median of 0.19 in 2025.
  • Annual changes were most pronounced in 2023 — Equity Ratio plunged 82529.55% — and 2024, when it soared 6241251.35%.
  • KKR Real Estate Finance Trust's Equity Ratio stood at 0.2 in 2022, then fell by 7.63% to 0.19 in 2023, then grew by 18.4% to 0.22 in 2024, then declined by 17.66% to 0.18 in 2025, then fell by 8.54% to 0.17 in 2026.
  • The last three Equity Ratio figures came in at 0.17 (Q1 2026), 0.18 (Q4 2025), and 0.19 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 0.12
2 AGNC Investment 11.42 Bn 10.75 Bn - 0.10
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 0.11
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 0.17
6 Dynex Capital 2.58 Bn 1.80 Bn - 0.11
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 0.11
8 Ellington Financial 1.67 Bn 1.39 Bn - 0.10
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 0.16
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn - 0.17

Historic Data

Download Data
DateValue
Mar 31, 2026 0.17
Dec 31, 2025 0.18
Sep 30, 2025 0.19
Jun 30, 2025 0.19
Mar 31, 2025 0.21
Dec 31, 2024 0.22
Sep 30, 2024 0.21
Jun 30, 2024 0.20
Mar 31, 2024 0.19
Dec 31, 2023 0.19
Sep 30, 2023 0.00
Jun 30, 2023 -0.01
Mar 31, 2023 0.00
Dec 31, 2022 0.20
Sep 30, 2022 0.21
Jun 30, 2022 0.00
Mar 31, 2022 -0.01
Dec 31, 2021 0.00
Sep 30, 2021 0.00
Jun 30, 2021 0.00