KKR Real Estate Finance Trust (KREF) EV to CFO (2017 - 2026)
KKR Real Estate Finance Trust's EV to CFO was 5.33 in Q3 2026, down 9.6% from 5.89 a year earlier and down 10.8% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) EV to CFO (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, KKR Real Estate Finance Trust's EV to CFO was -1.12 through Sep 30, 2026; for FY2025, it came in at 6.88, up 41.8% from FY2024.
- In earlier years, EV to CFO was 4.85 in FY2024 (-3.2%), 5.01 in FY2023 (-2.4%), 5.13 in FY2022 (-36.4%) and 8.07 in FY2021 (+4.6%).
- Quarterly EV to CFO has moved between 3.56 (Q1 2023) and 9.61 (Q1 2022) over five years.
- Compared with a year earlier, EV to CFO was higher in five of the last eight quarters, with growth averaging 13.9%.
- The best year-over-year quarter for EV to CFO over five years was Q1 2025 (growth of 50.2%); the worst was Q1 2023 (a decline of 63.0%).
- Per Business Quant data, KREF's EV to CFO in the three quarters before Q3 2026 was 5.97 (Q2 2026), 4.53 (Q1 2026) and 6.88 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.33 |
| Jun 30, 2026 | 5.97 |
| Mar 31, 2026 | 4.53 |
| Dec 31, 2025 | 6.88 |
| Sep 30, 2025 | 5.89 |
| Jun 30, 2025 | 4.99 |
| Mar 31, 2025 | 5.96 |
| Dec 31, 2024 | 4.85 |
| Sep 30, 2024 | 5.30 |
| Jun 30, 2024 | 3.99 |
| Mar 31, 2024 | 3.97 |
| Dec 31, 2023 | 5.01 |
| Sep 30, 2023 | 4.56 |
| Jun 30, 2023 | 4.23 |
| Mar 31, 2023 | 3.56 |
| Dec 31, 2022 | 5.13 |
| Sep 30, 2022 | 7.15 |
| Jun 30, 2022 | 8.13 |
| Mar 31, 2022 | 9.61 |
| Dec 31, 2021 | 8.07 |
API Access
KKR Real Estate Finance Trust EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "KREF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();