KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Free Cash Flow came in at $17.6 million in Q2 2026, down 18.54% YoY from $21.6 million in Q2 2025, and up 72.12% on a QoQ basis from $10.2 million in Q1 2026.
KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 11 years of Free Cash Flow data on file, last reported at $17.6 million in 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 rose to $17.6 million in Q2 2026, from $10.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $48.4 million in Q3 2024 to a low of $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 sank 80.58%.
- Tracing KREF's Free Cash Flow over 5 years: stood at $36.6 million in 2022, then rose by 4.37% to $38.2 million in 2023, then slumped by 31.87% to $26.0 million in 2024, then slumped by 65.6% to $9.0 million in 2025, then surged by 96.02% to $17.6 million in 2026.
- The last three Free Cash Flow figures came in at $17.6 million (Q2 2026), $10.2 million (Q1 2026), and $9.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | -6.03 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 218.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 170.66 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 64.17 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 84.15 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 65.21 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 210.18 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | -19.14 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 81.61 Mn |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | 17.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |