KKR Real Estate Finance Trust (KREF) Loans - Net (2016 - 2026)
KKR Real Estate Finance Trust's Loans - Net came in at $2.95 billion for Q3 2026, down 42.6% from $5.14 billion a year earlier and down 27.7% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Loans - Net (2016 - 2026) Analysis & Trends
At the end of FY2025, KKR Real Estate Finance Trust's Loans - Net was $5.15 billion.
- Loans - Net carries a five-year compound annual growth rate of 1.5% (FY2020 to FY2025).
- Going back by year, Loans - Net was $117.1 million in FY2024 (-98.4%), $7.13 billion in FY2023 (-3.4%), $7.39 billion in FY2022 (+17.4%) and $6.29 billion in FY2021 (+31.6%).
- The Q3 2026 figure represents the lowest quarterly Loans - Net since Q4 2024.
- Year-over-year, Loans - Net has declined for three consecutive quarters, with an average decline of 32.5% over the last seven quarters.
- The fastest year-over-year change in Loans - Net over five years came in Q2 2022 (growth of 41.7%), and the weakest in Q4 2024 (a decline of 98.4%).
- Business Quant data shows KREF's Loans - Net at $4.08 billion (Q2 2026), $4.85 billion (Q1 2026) and $5.15 billion (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Net (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 4,106.30 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 93.01 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 9.48 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | - |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 6.87 Bn |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | 2.95 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.95 Bn |
| Jun 30, 2026 | 4.08 Bn |
| Mar 31, 2026 | 4.85 Bn |
| Dec 31, 2025 | 5.15 Bn |
| Sep 30, 2025 | 5.14 Bn |
| Jun 30, 2025 | 5.61 Bn |
| Mar 31, 2025 | 5.97 Bn |
| Dec 31, 2024 | 117.10 Mn |
| Sep 30, 2024 | 6.04 Bn |
| Jun 30, 2024 | 6.41 Bn |
| Mar 31, 2024 | 6.87 Bn |
| Dec 31, 2023 | 7.13 Bn |
| Sep 30, 2023 | 7.31 Bn |
| Jun 30, 2023 | 7.22 Bn |
| Mar 31, 2023 | 7.44 Bn |
| Dec 31, 2022 | 7.39 Bn |
| Sep 30, 2022 | 7.20 Bn |
| Jun 30, 2022 | 7.44 Bn |
| Mar 31, 2022 | 6.75 Bn |
| Dec 31, 2021 | 6.29 Bn |
API Access
KKR Real Estate Finance Trust Loans - Net 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=loans-net&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "loans-net", "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=loans-net&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();