KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026)

KKR Real Estate Finance Trust (KREF) posted Free Cash Flow of $17.6 million for Q2 2026, up 72.12% on a QoQ basis from $10.2 million in Q1 2026, and down 18.54% year-over-year from $21.6 million in Q2 2025.

KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust's Free Cash Flow history runs 11 years deep, the most recent figure standing at $17.6 million for Q2 2026.

  • Quarterly Free Cash Flow fell 18.54% year-over-year to $17.6 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $46.1 million (down 58.32% YoY) and the FY2025 annual result came in at $61.6 million, down 53.38% from the prior year.
  • Free Cash Flow was $17.6 million for Q2 2026 at KKR Real Estate Finance Trust, up from $10.2 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $48.4 million in Q3 2024 and bottomed at $9.0 million in Q4 2025.
  • A 5-year average of $28.3 million and a median of $32.8 million in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2022 — Free Cash Flow surged 31.12% — and 2025, when it plunged 80.58%.
  • KKR Real Estate Finance Trust's Free Cash Flow stood at $36.6 million in 2022, then advanced by 4.37% to $38.2 million in 2023, then plunged by 31.87% to $26.0 million in 2024, then plunged by 65.6% to $9.0 million in 2025, then jumped by 96.02% to $17.6 million in 2026.
  • Business Quant data shows KREF's Free Cash Flow at $17.6 million in Q2 2026, $10.2 million in Q1 2026, and $9.0 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - -8.60 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - 387.00 Mn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 93.56 Mn
4 Rithm Capital 5.01 Bn 5.01 Bn - -16.07 Mn
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 169.73 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - -9.79 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - 69.85 Mn
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 210.18 Mn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 56.58 Mn
10 KKR Real Estate Finance Trust 446.61 Mn 422.08 Mn - 17.56 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 17.56 Mn
Jun 30, 2026 17.56 Mn
Mar 31, 2026 10.20 Mn
Mar 31, 2026 10.20 Mn
Dec 31, 2025 8.96 Mn
Dec 31, 2025 8.96 Mn
Sep 30, 2025 9.41 Mn
Sep 30, 2025 9.41 Mn
Jun 30, 2025 21.56 Mn
Jun 30, 2025 21.56 Mn
Mar 31, 2025 14.63 Mn
Mar 31, 2025 14.63 Mn
Dec 31, 2024 26.05 Mn
Dec 31, 2024 26.05 Mn
Sep 30, 2024 48.43 Mn
Sep 30, 2024 48.43 Mn
Jun 30, 2024 25.35 Mn
Jun 30, 2024 25.35 Mn
Mar 31, 2024 32.38 Mn
Mar 31, 2024 32.38 Mn