KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026)
KKR Real Estate Finance Trust (KREF) reported Free Cash Flow of $10.2 million for Q1 2026, down 30.28% on a YoY basis from $14.6 million in Q1 2025, and up 13.89% quarter-over-quarter from $9.0 million in Q4 2025.
KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust has reported Free Cash Flow for 11 years, with the latest figure at $10.2 million in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 30.28% year-over-year to $10.2 million; the trailing twelve-month figure through Mar 2026 stood at $50.1 million (down 56.21% YoY), and the FY2025 full-year result was $61.6 million, down 53.38% from the prior year.
- Free Cash Flow for Q1 2026 stood at $10.2 million, up from $9.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $56.1 million in Q3 2024, with the low at $9.0 million in Q4 2025.
- Historically, Free Cash Flow has averaged $29.0 million across 5 years, with a median of $33.1 million in 2022.
- Annual changes were most pronounced in 2022 — Free Cash Flow surged 37.07% — and 2025, when it plunged 83.25%.
- KKR Real Estate Finance Trust's Free Cash Flow stood at $38.3 million in 2022, then declined by 3.79% to $36.8 million in 2023, then tumbled by 50.27% to $18.3 million in 2024, then slumped by 51.1% to $9.0 million in 2025, then climbed by 13.89% to $10.2 million in 2026.
- The last three Free Cash Flow figures came in at $10.2 million (Q1 2026), $9.0 million (Q4 2025), and $9.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | -55.71 Bn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 387.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 93.56 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | 60.96 Mn |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 169.73 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 69.85 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | 111.56 Mn |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | -17.01 Bn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | -488.96 Mn |
| 10 | KKR Real Estate Finance Trust | 447.54 Mn | 369.35 Mn | - | 10.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 18.32 Mn |
| Dec 31, 2024 | 18.32 Mn |
| Sep 30, 2024 | 56.15 Mn |
| Sep 30, 2024 | 56.15 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 |
| Dec 31, 2023 | 36.84 Mn |
| Dec 31, 2023 | 36.84 Mn |