KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026)
KKR Real Estate Finance Trust (KREF) posted FCF Payout Ratio of 0.33 for Q2 2026, down 78.82% on a QoQ basis from 1.57 in Q1 2026, and down 56.2% year-over-year from 0.76 in Q2 2025.
KKR Real Estate Finance Trust (KREF) FCF Payout Ratio (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust's FCF Payout Ratio history runs 11 years deep, the most recent figure standing at 0.33 for Q2 2026.
- Quarterly FCF Payout Ratio fell 56.2% year-over-year to 0.33 in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 1.18 (up 91.98% YoY) and the FY2025 annual result came in at 1.07, up 72.48% from the prior year.
- FCF Payout Ratio was 0.33 for Q2 2026 at KKR Real Estate Finance Trust, down from 1.57 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 1.8 in Q4 2025 and bottomed at 0.33 in Q2 2026.
- A 5-year average of 0.89 and a median of 0.77 in 2023 frame the typical range for FCF Payout Ratio.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio slumped 71.79% — and 2025, when it surged 384.41%.
- KKR Real Estate Finance Trust's FCF Payout Ratio stood at 0.72 in 2022, then increased by 8.22% to 0.78 in 2023, then declined by 15.41% to 0.66 in 2024, then jumped by 172.33% to 1.8 in 2025, then plunged by 81.43% to 0.33 in 2026.
- Business Quant data shows KREF's FCF Payout Ratio at 0.33 in Q2 2026, 1.57 in Q1 2026, and 1.8 in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | -0.06 |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 1.17 |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 0.17 |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | -0.28 |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 0.01 |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | -1.83 |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | 1.47 |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 0.46 |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 0.63 |
| 10 | KKR Real Estate Finance Trust | 446.61 Mn | 422.08 Mn | - | 0.33 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.33 |
| Mar 31, 2026 | 1.57 |
| Dec 31, 2025 | 1.80 |
| Sep 30, 2025 | 1.73 |
| Jun 30, 2025 | 0.76 |
| Mar 31, 2025 | 1.16 |
| Dec 31, 2024 | 0.66 |
| Sep 30, 2024 | 0.36 |
| Jun 30, 2024 | 0.68 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 0.78 |
| 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 | 2.55 |
| Sep 30, 2021 | 0.62 |