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| 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 |