KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly FCF Payout Ratio came in at 0.79 in Q2 2026, down 198.35% on a YoY basis from 0.8 in Q2 2025, and down 149.98% quarter-over-quarter from 1.57 in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported FCF Payout Ratio for 11 consecutive years, with 0.79 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Payout Ratio fell 198.35% year-over-year to 0.79; the trailing twelve-month figure through Jun 2026 stood at 1.88 (up 182.09% YoY), and the FY2025 full-year result was 1.08, up 65.06% from the prior year.
- FCF Payout Ratio eased to 0.79 in Q2 2026 per KREF's latest filing, from 1.57 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 1.73 in Q3 2025 and bottomed at 0.79 in Q2 2026.
- Historically, FCF Payout Ratio has averaged 0.8 across 5 years, with a median of 0.83 in 2023.
- The sharpest annual moves came in 2025 and 2026: FCF Payout Ratio soared 384.41% in 2025, then sank 198.35% in 2026.
- Over 5 years, FCF Payout Ratio stood at 0.72 in 2022, then climbed by 13.76% to 0.82 in 2023, then advanced by 14.53% to 0.94 in 2024, then rose by 2.45% to 0.96 in 2025, then plunged by 181.86% to 0.79 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.79, 1.57, and 0.96 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 2.10 |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 2.18 |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 1.35 |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 0.19 |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 1.22 |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 0.46 |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.79 |
| Mar 31, 2026 | 1.57 |
| Dec 31, 2025 | 0.96 |
| Sep 30, 2025 | 1.73 |
| Jun 30, 2025 | 0.80 |
| Mar 31, 2025 | 1.16 |
| Dec 31, 2024 | 0.94 |
| Sep 30, 2024 | 0.36 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 0.82 |
| Sep 30, 2023 | 0.72 |
| Jun 30, 2023 | 0.84 |
| Mar 31, 2023 | 0.73 |
| Dec 31, 2022 | 0.72 |
| Sep 30, 2022 | 0.85 |
| Jun 30, 2022 | 0.86 |
| Mar 31, 2022 | 0.88 |
| Dec 31, 2021 | 0.86 |
| Sep 30, 2021 | 0.62 |