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
DateValue
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