KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026)
KKR Real Estate Finance Trust (KREF) reported FCF Payout Ratio of 0.52 for Q1 2026, down 55.53% on a YoY basis from 1.17 in Q1 2025, and down 70.94% quarter-over-quarter from 1.8 in Q4 2025.
KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust has reported FCF Payout Ratio for 11 years, with the latest figure at 0.52 in Q1 2026.
- For the quarter ending Q1 2026, FCF Payout Ratio fell 55.53% year-over-year to 0.52; the trailing twelve-month figure through Mar 2026 stood at 1.08 (up 79.12% YoY), and the FY2025 full-year result was 1.07, up 72.48% from the prior year.
- FCF Payout Ratio for Q1 2026 stood at 0.52, down from 1.8 in the prior quarter.
- The five-year high for FCF Payout Ratio was 1.8 in Q4 2025, with the low at 0.31 in Q3 2024.
- Historically, FCF Payout Ratio has averaged 0.87 across 5 years, with a median of 0.81 in 2023.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio plunged 73.01% — and 2025, when it surged 461.66%.
- KKR Real Estate Finance Trust's FCF Payout Ratio stood at 0.69 in 2022, then rose by 17.39% to 0.81 in 2023, then increased by 15.89% to 0.94 in 2024, then jumped by 91.58% to 1.8 in 2025, then slumped by 70.94% to 0.52 in 2026.
- The last three FCF Payout Ratio figures came in at 0.52 (Q1 2026), 1.8 (Q4 2025), and 1.73 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | -0.01 |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 1.17 |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 1.91 |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 2.83 |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 0.47 |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 1.47 |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 0.80 |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 0.00 |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | -0.07 |
| 10 | KKR Real Estate Finance Trust | 447.54 Mn | 369.35 Mn | - | 0.52 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.52 |
| Dec 31, 2025 | 1.80 |
| Sep 30, 2025 | 1.73 |
| Jun 30, 2025 | 0.76 |
| Mar 31, 2025 | 1.17 |
| Dec 31, 2024 | 0.94 |
| Sep 30, 2024 | 0.31 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 0.81 |
| Sep 30, 2023 | 0.71 |
| Jun 30, 2023 | 0.82 |
| Mar 31, 2023 | 0.73 |
| Dec 31, 2022 | 0.69 |
| Sep 30, 2022 | 0.85 |
| Jun 30, 2022 | 0.86 |
| Mar 31, 2022 | 0.88 |
| Dec 31, 2021 | 2.55 |
| Sep 30, 2021 | 0.62 |
| Jun 30, 2021 | 0.86 |