KKR Real Estate Finance Trust (KREF) Interest Coverage Ratio (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) Interest Coverage Ratio stood at -0.74 in Q2 2026, compared with 0.63 a year earlier.
Powered by 
Analysis
KKR Real Estate Finance Trust (KREF) Interest Coverage Ratio (2016 - 2026) Analysis & Trends
On a TTM basis, KKR Real Estate Finance Trust's Interest Coverage Ratio came in at 0.36 as of Jun 30, 2026, down 61.4% year-over-year; for FY2025, it was 0.84, down 22.2% from FY2024.
- Across earlier years, Interest Coverage Ratio came in at 1.08 in FY2024 (+16.2%), 0.93 in FY2023 (-19.6%), 1.16 in FY2022 (-47.4%) and 2.20 in FY2021 (+54.1%).
- The Q2 2026 figure is the lowest quarterly Interest Coverage Ratio in data going back to Q1 2016.
- On a year-over-year basis, Interest Coverage Ratio rose in two of the last seven quarters, with an average decline of 20.6%.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 238.7% in Q3 2023, against a decline of 83.5% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.18 (Q1 2026), 0.64 (Q4 2025) and 1.15 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 1.75 |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 2.98 |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 1.42 |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | 1.15 |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 1.24 |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 2.22 |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 27.97 |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 1.63 |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 374.31 Mn | -74.36 Mn | - | -0.74 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -0.74 |
| Mar 31, 2026 | 0.18 |
| Dec 31, 2025 | 0.64 |
| Sep 30, 2025 | 1.15 |
| Jun 30, 2025 | 0.63 |
| Mar 31, 2025 | 0.93 |
| Dec 31, 2024 | 1.22 |
| Sep 30, 2024 | 0.93 |
| Jun 30, 2024 | 1.24 |
| Mar 31, 2024 | 0.97 |
| Dec 31, 2023 | 0.89 |
| Sep 30, 2023 | 1.23 |
| Jun 30, 2023 | 0.83 |
| Mar 31, 2023 | 0.76 |
| Dec 31, 2022 | 1.22 |
| Sep 30, 2022 | 0.36 |
| Jun 30, 2022 | 1.56 |
| Mar 31, 2022 | 2.09 |
| Dec 31, 2021 | 2.35 |
| Sep 30, 2021 | 2.20 |
API Access
KKR Real Estate Finance Trust Interest Coverage Ratio 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=interest-coverage-ratio&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "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=interest-coverage-ratio&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();