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% on a YoY basis from $10.7 million in Q2 2025, and up 2.55% quarter-over-quarter from $11.0 million in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) Land & Improvements (2022 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Land & Improvements for 5 consecutive years, with $11.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Land & Improvements rose 5.68% year-over-year to $11.3 million; the trailing twelve-month figure through Jun 2026 stood at $11.3 million (up 5.68% YoY), and the FY2025 full-year result was $10.9 million, up 14.04% from the prior year.
- Land & Improvements advanced to $11.3 million in Q2 2026 per KREF's latest filing, from $11.0 million in the prior quarter.
- Across five years, Land & Improvements topped out at $11.3 million in Q2 2026 and bottomed at $599000.0 in Q2 2022.
- Historically, Land & Improvements has averaged $6.6 million across 5 years, with a median of $8.7 million in 2024.
- The sharpest annual moves came in 2023 and 2026: Land & Improvements surged 373.46% in 2023, then rose 1.95% in 2026.
- Over 5 years, Land & Improvements stood at $1.7 million in 2022, then surged by 111.91% to $3.5 million in 2023, then surged by 172.17% to $9.6 million in 2024, then advanced by 14.04% to $10.9 million in 2025, then increased by 3.45% to $11.3 million in 2026.
- According to Business Quant data, Land & Improvements over the past three periods registered $11.3 million, $11.0 million, and $10.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 1.74 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 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 |