KKR Real Estate Finance Trust (KREF) Invested Capital (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Invested Capital came in at $4.0 billion in Q2 2026, down 5.35% on a YoY basis from $4.2 billion in Q2 2025, and up 1.53% quarter-over-quarter from $4.0 billion in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) Invested Capital (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Invested Capital for 11 consecutive years, with $4.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital fell 5.35% year-over-year to $4.0 billion; the trailing twelve-month figure through Jun 2026 stood at $4.0 billion (down 5.35% YoY), and the FY2025 full-year result was $4.1 billion, down 2.61% from the prior year.
- Invested Capital grew to $4.0 billion in Q2 2026 per KREF's latest filing, from $4.0 billion in the prior quarter.
- Across five years, Invested Capital topped out at $5.4 billion in Q1 2023 and bottomed at $4.0 billion in Q1 2026.
- Historically, Invested Capital has averaged $4.7 billion across 5 years, with a median of $4.7 billion in 2022.
- The sharpest annual moves came in 2022 and 2024: Invested Capital grew 24.28% in 2022, then declined 19.07% in 2024.
- Over 5 years, Invested Capital stood at $5.3 billion in 2022, then retreated by 2.51% to $5.2 billion in 2023, then fell by 19.07% to $4.2 billion in 2024, then declined by 2.61% to $4.1 billion in 2025, then slipped by 1.8% to $4.0 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $4.0 billion, $4.0 billion, and $4.1 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 51.34 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 102.35 Bn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 25.64 Bn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 25.82 Bn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 1.86 Bn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 4.48 Bn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 22.02 Bn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 2.65 Bn |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | 4.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.01 Bn |
| Mar 31, 2026 | 3.95 Bn |
| Dec 31, 2025 | 4.09 Bn |
| Sep 30, 2025 | 3.98 Bn |
| Jun 30, 2025 | 4.24 Bn |
| Mar 31, 2025 | 4.39 Bn |
| Dec 31, 2024 | 4.20 Bn |
| Sep 30, 2024 | 4.43 Bn |
| Jun 30, 2024 | 4.72 Bn |
| Mar 31, 2024 | 4.90 Bn |
| Dec 31, 2023 | 5.19 Bn |
| Sep 30, 2023 | 5.28 Bn |
| Jun 30, 2023 | 5.27 Bn |
| Mar 31, 2023 | 5.39 Bn |
| Dec 31, 2022 | 5.32 Bn |
| Sep 30, 2022 | 5.06 Bn |
| Jun 30, 2022 | 5.25 Bn |
| Mar 31, 2022 | 4.68 Bn |
| Dec 31, 2021 | 5.09 Bn |
| Sep 30, 2021 | 4.20 Bn |