KKR Real Estate Finance Trust (KREF) Net Margin (2016 - 2026)
KKR Real Estate Finance Trust (KREF) posted Net Margin of -40.59% for Q3 2026, down 72.61 percentage points from 32.02% a year earlier but up 667.76 percentage points from the prior quarter.
KKR Real Estate Finance Trust (KREF) Net Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Net Margin at KKR Real Estate Finance Trust was -258.07%, down 238.98 percentage points year-over-year; for FY2025, it was -61.67%, down 70.24 percentage points from FY2024.
- Annual Net Margin shows a five-year change of -99.28 percentage points (FY2020 to FY2025).
- In prior years, KKR Real Estate Finance Trust's Net Margin was 8.56% in FY2024 (+38.02 pp), -29.46% in FY2023 (-37.53 pp), 8.07% in FY2022 (-62.91 pp) and 70.98% in FY2021 (+33.37 pp).
- Quarterly Net Margin has run from a low of -708.35% in Q2 2026 to a high of 79.43% in Q4 2021 over five years.
- On a year-over-year basis, Net Margin has declined in each of the last four quarters, with an average year-over-year change of -131.84 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2023, with a gain of 147.48 percentage points; the weakest was Q2 2026, with a drop of 593.13 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -708.35% (Q2 2026), -230.50% (Q1 2026) and -122.07% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 20.96% |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 21.59% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 25.03% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 12.38% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 17.58% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 13.01% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 48.93% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 41.81% |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | -121.54% |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | -40.59% |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -40.59% |
| Jun 30, 2026 | -708.35% |
| Mar 31, 2026 | -230.50% |
| Dec 31, 2025 | -122.07% |
| Sep 30, 2025 | 32.02% |
| Jun 30, 2025 | -115.23% |
| Mar 31, 2025 | -33.88% |
| Dec 31, 2024 | 41.61% |
| Sep 30, 2024 | -34.96% |
| Jun 30, 2024 | 50.01% |
| Mar 31, 2024 | -21.85% |
| Dec 31, 2023 | -39.98% |
| Sep 30, 2023 | 47.09% |
| Jun 30, 2023 | -57.91% |
| Mar 31, 2023 | -66.68% |
| Dec 31, 2022 | 27.69% |
| Sep 30, 2022 | -100.40% |
| Jun 30, 2022 | 41.35% |
| Mar 31, 2022 | 69.85% |
| Dec 31, 2021 | 79.43% |
KKR Real Estate Finance Trust Net Margin 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=net-margin&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();