KKR Real Estate Finance Trust (KREF) EV to FCF (2017 - 2026)
KKR Real Estate Finance Trust's (KREF) EV to FCF was 10.96 for Q2 2026, up 114.2% from 5.12 a year earlier and up 116.6% 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 Jun 30, 2026, KKR Real Estate Finance Trust's EV to FCF came in at -1.40; for FY2025, it came in at 7.45, up 44.3% from FY2024.
- By year, EV to FCF came in at 5.17 in FY2024 (+1.8%), 5.07 in FY2023 (-2.4%), 5.20 in FY2022 (-35.6%) and 8.07 in FY2021 (+4.6%).
- The Q2 2026 figure ranks as the highest quarterly EV to FCF since Q4 2019.
- Year over year, EV to FCF gained in seven of the last eight quarters, with growth averaging 31.1%.
- The high point for year-over-year EV to FCF in five years was Q2 2026 (growth of 114.2%); the low point was Q1 2023 (a decline of 62.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 5.06 (Q1 2026), 7.45 (Q4 2025) and 6.13 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | KKR Real Estate Finance Trust | 364.35 Mn | -84.32 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.96 |
| Mar 31, 2026 | 5.06 |
| Dec 31, 2025 | 7.45 |
| Sep 30, 2025 | 6.13 |
| Jun 30, 2025 | 5.12 |
| Mar 31, 2025 | 6.37 |
| Dec 31, 2024 | 5.17 |
| Sep 30, 2024 | 5.62 |
| Jun 30, 2024 | 4.23 |
| 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 |
| Sep 30, 2021 | 7.21 |
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();