KKR Real Estate Finance Trust (KREF) Land & Improvements (2022 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Land & Improvements came in at $11.3 million in Q2 2026, up 5.68% YoY from $10.7 million in Q2 2025, and up 2.55% on a QoQ basis from $11.0 million in Q1 2026.
KKR Real Estate Finance Trust (KREF) Land & Improvements (2022 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 5 years of Land & Improvements data on file, last reported at $11.3 million in Q2 2026.
- Quarterly Land & Improvements rose 5.68% year-over-year to $11.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $11.3 million (up 5.68% YoY) and the FY2025 annual result came in at $10.9 million, up 14.04% from the prior year.
- Land & Improvements improved to $11.3 million in Q2 2026, from $11.0 million in the prior quarter.
- In the past five years, Land & Improvements ranged from a high of $11.3 million in Q2 2026 to a low of $599000.0 in Q2 2022.
- A 5-year average of $6.6 million and a median of $8.7 million in 2024 frame the typical range for Land & Improvements.
- Annual changes were most pronounced in 2023 — Land & Improvements jumped 373.46% — and 2026, when it increased 1.95%.
- Tracing KREF's Land & Improvements over 5 years: stood at $1.7 million in 2022, then soared by 111.91% to $3.5 million in 2023, then soared by 172.17% to $9.6 million in 2024, then rose by 14.04% to $10.9 million in 2025, then climbed by 3.45% to $11.3 million in 2026.
- The last three Land & Improvements figures came in at $11.3 million (Q2 2026), $11.0 million (Q1 2026), and $10.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | - |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.74 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | - |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | - |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | - |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | 11.31 Mn |
Historic Data
Download 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 |