KKR Real Estate Finance Trust (KREF) EV to FCF (2017 - 2026)
KKR Real Estate Finance Trust's (KREF) EV to FCF was 26.38 for Q3 2026, up 301.1% from 6.58 a year earlier and up 71.9% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) EV to FCF (2017 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, KKR Real Estate Finance Trust's EV to FCF came in at -5.54; for FY2025, it came in at 8.03, up 55.0% from FY2024.
- By year, EV to FCF came in at 5.18 in FY2024 (+2.1%), 5.07 in FY2023 (-2.4%), 5.20 in FY2022 (-35.6%) and 8.07 in FY2021 (+4.6%).
- The Q3 2026 figure ranks as the highest quarterly EV to FCF since Q2 2017.
- Year over year, EV to FCF gained in seven of the last eight quarters, with growth averaging 81.0%.
- The high point for year-over-year EV to FCF in five years was Q3 2026 (growth of 301.1%); the low point was Q1 2023 (a decline of 62.3%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 15.34 (Q2 2026), 5.48 (Q1 2026) and 8.03 (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 | 26.38 |
| Jun 30, 2026 | 15.34 |
| Mar 31, 2026 | 5.48 |
| Dec 31, 2025 | 8.03 |
| Sep 30, 2025 | 6.58 |
| Jun 30, 2025 | 4.88 |
| Mar 31, 2025 | 6.39 |
| Dec 31, 2024 | 5.18 |
| Sep 30, 2024 | 5.63 |
| Jun 30, 2024 | 4.24 |
| Mar 31, 2024 | 4.06 |
| Dec 31, 2023 | 5.07 |
| Sep 30, 2023 | 4.62 |
| Jun 30, 2023 | 4.29 |
| Mar 31, 2023 | 3.62 |
| Dec 31, 2022 | 5.20 |
| Sep 30, 2022 | 7.21 |
| Jun 30, 2022 | 8.16 |
| Mar 31, 2022 | 9.61 |
| Dec 31, 2021 | 8.07 |
API Access
KKR Real Estate Finance Trust EV to FCF 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-fcf&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "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-fcf&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();