KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026)
KKR Real Estate Finance Trust (KREF) recorded Free Cash Flow of -$7.29 million in Q3 2026, compared with $7.73 million a year earlier.
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Analysis
KKR Real Estate Finance Trust (KREF) Free Cash Flow (2016 - 2026) Analysis & Trends
On a TTM basis, KKR Real Estate Finance Trust's Free Cash Flow came in at $9.5 million as of Sep 30, 2026, down 85.7% year-over-year; for FY2025, it came in at $61.92 million, down 50.1% from FY2024.
- Annual Free Cash Flow has a five-year compound annual growth rate of -11.7% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $124.09 million in FY2024 (-19.3%), $153.86 million in FY2023 (+10.3%), $139.46 million in FY2022 (+11.8%) and $124.79 million in FY2021 (+8.5%).
- Quarterly Free Cash Flow has ranged from -$7.44 million in Q2 2026 to $48.43 million in Q3 2024 over the past five years.
- On a year-over-year basis, Free Cash Flow rose in 1 of the last six quarters, with an average decline of 40.0%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 31.1% in Q4 2022, against a decline of 84.0% in Q3 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -$7.44 million (Q2 2026), $10.2 million (Q1 2026) and $14.03 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 686.08 Mn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 1.86 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 876.00 Mn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 2.50 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 144.57 Mn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 343.38 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 1.05 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 2.86 Bn |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | -7.29 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -7.29 Mn |
| Jun 30, 2026 | -7.44 Mn |
| Mar 31, 2026 | 10.20 Mn |
| Dec 31, 2025 | 14.03 Mn |
| Sep 30, 2025 | 7.73 Mn |
| Jun 30, 2025 | 25.53 Mn |
| Mar 31, 2025 | 14.63 Mn |
| Dec 31, 2024 | 18.30 Mn |
| Sep 30, 2024 | 48.43 Mn |
| Jun 30, 2024 | 24.99 Mn |
| Mar 31, 2024 | 32.38 Mn |
| Dec 31, 2023 | 36.37 Mn |
| Sep 30, 2023 | 41.55 Mn |
| Jun 30, 2023 | 35.17 Mn |
| Mar 31, 2023 | 40.77 Mn |
| Dec 31, 2022 | 36.63 Mn |
| Sep 30, 2022 | 35.05 Mn |
| Jun 30, 2022 | 34.66 Mn |
| Mar 31, 2022 | 33.13 Mn |
| Dec 31, 2021 | 27.94 Mn |
API Access
KKR Real Estate Finance Trust Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "ticker": "KREF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();