KKR Real Estate Finance Trust (KREF) Land & Improvements (2022 - 2026)
KKR Real Estate Finance Trust's Land & Improvements was $11.31 million in Q2 2026, up 5.7% from $10.7 million a year earlier and up 2.5% from the prior quarter.
Powered by 
Analysis
KKR Real Estate Finance Trust (KREF) Land & Improvements (2022 - 2026) Analysis & Trends
At the end of FY2025, Land & Improvements at KKR Real Estate Finance Trust came in at $10.93 million, up 14.0% from FY2024.
- Land & Improvements has now increased for three consecutive years, with a three-year compound annual growth rate of 87.4% (FY2022 to FY2025).
- In earlier years, Land & Improvements was $9.59 million in FY2024 (+172.2%), $3.52 million in FY2023 (+111.9%) and $1.66 million in FY2022.
- The Q2 2026 figure marks the highest quarterly Land & Improvements in data going back to Q2 2022.
- Compared with a year earlier, Land & Improvements has increased for 13 straight quarters, with growth averaging 74.8% over the last eight quarters.
- The year-over-year growth in Land & Improvements has ranged between 2.0% (Q1 2026) and 373.5% (Q2 2023) over the last five years.
- Per Business Quant data, KREF's Land & Improvements in the three quarters before Q2 2026 was $11.03 million (Q1 2026), $10.93 million (Q4 2025) and $10.73 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 364.35 Mn | -84.32 Mn | - | 11.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.31 Mn |
| Mar 31, 2026 | 11.03 Mn |
| Dec 31, 2025 | 10.93 Mn |
| Sep 30, 2025 | 10.73 Mn |
| Jun 30, 2025 | 10.70 Mn |
| Mar 31, 2025 | 10.82 Mn |
| Dec 31, 2024 | 9.59 Mn |
| Sep 30, 2024 | 9.14 Mn |
| Jun 30, 2024 | 8.69 Mn |
| Mar 31, 2024 | 4.10 Mn |
| Dec 31, 2023 | 3.52 Mn |
| Sep 30, 2023 | 3.05 Mn |
| Jun 30, 2023 | 2.84 Mn |
| Mar 31, 2023 | 2.53 Mn |
| Dec 31, 2022 | 1.66 Mn |
| Sep 30, 2022 | 1.12 Mn |
| Jun 30, 2022 | 599,000.00 |
API Access
KKR Real Estate Finance Trust Land & Improvements 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=land-and-improvements&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "land-and-improvements", "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=land-and-improvements&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();