KKR Real Estate Finance Trust (KREF) Net Income (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Net Income came in at -$117.3 million in Q2 2026, down 283.78% YoY from $63.8 million in Q2 2025, and down 105.27% on a QoQ basis from -$57.2 million in Q1 2026.
KKR Real Estate Finance Trust (KREF) Net Income (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 11 years of Net Income data on file, last reported at -$117.3 million in Q2 2026.
- Quarterly Net Income fell 283.78% year-over-year to -$117.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$188.7 million (down 683.01% YoY) and the FY2025 annual result came in at -$50.4 million, down 246.75% from the prior year.
- Net Income retreated to -$117.3 million in Q2 2026, from -$57.2 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $35.4 million in Q1 2022 to a low of -$117.3 million in Q2 2026.
- A 5-year average of -$10.3 million and a median of -$6.5 million in 2024 frame the typical range for Net Income.
- Annual changes were most pronounced in 2025 — Net Income jumped 274.29% — and 2026, when it sank 894.24%.
- Tracing KREF's Net Income over 5 years: stood at $20.1 million in 2022, then tumbled by 165.24% to -$13.1 million in 2023, then soared by 249.13% to $19.6 million in 2024, then tumbled by 237.75% to -$26.9 million in 2025, then tumbled by 335.55% to -$117.3 million in 2026.
- The last three Net Income figures came in at -$117.3 million (Q2 2026), -$57.2 million (Q1 2026), and -$26.9 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 827.77 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 15.01 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 67.91 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | -81.27 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 47.01 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | -49.16 Mn |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | -117.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -117.33 Mn |
| Mar 31, 2026 | -57.16 Mn |
| Dec 31, 2025 | -26.94 Mn |
| Sep 30, 2025 | 12.77 Mn |
| Jun 30, 2025 | -30.57 Mn |
| Mar 31, 2025 | -5.75 Mn |
| Dec 31, 2024 | 19.56 Mn |
| Sep 30, 2024 | -7.33 Mn |
| Jun 30, 2024 | 25.53 Mn |
| Mar 31, 2024 | -3.43 Mn |
| Dec 31, 2023 | -13.11 Mn |
| Sep 30, 2023 | 26.83 Mn |
| Jun 30, 2023 | -20.12 Mn |
| Mar 31, 2023 | -25.25 Mn |
| Dec 31, 2022 | 20.10 Mn |
| Sep 30, 2022 | -42.92 Mn |
| Jun 30, 2022 | 25.00 Mn |
| Mar 31, 2022 | 35.41 Mn |
| Dec 31, 2021 | 40.34 Mn |
| Sep 30, 2021 | 35.67 Mn |