KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026)

KKR Real Estate Finance Trust (KREF) reported Non-Current Debt of $2.8 billion for Q1 2026, up 422.69% on a YoY basis from $535.9 million in Q1 2025, and up 342.87% quarter-over-quarter from $632.5 million in Q4 2025.

KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust has reported Non-Current Debt for 11 years, with the latest figure at $2.8 billion in Q1 2026.

  • For the quarter ending Q1 2026, Non-Current Debt rose 422.69% year-over-year to $2.8 billion; the trailing twelve-month figure through Mar 2026 stood at $2.8 billion (up 422.69% YoY), and the FY2025 full-year result was $632.5 million, down 77.4% from the prior year.
  • Non-Current Debt for Q1 2026 stood at $2.8 billion, up from $632.5 million in the prior quarter.
  • The five-year high for Non-Current Debt was $3.9 billion in Q1 2023, with the low at $335.7 million in Q3 2023.
  • Historically, Non-Current Debt has averaged $2.1 billion across 5 years, with a median of $2.8 billion in 2024.
  • Annual changes were most pronounced in 2022 — Non-Current Debt sank 90.96% — and 2023, when it soared 1022.95%.
  • KKR Real Estate Finance Trust's Non-Current Debt stood at $336.8 million in 2022, then soared by 1022.95% to $3.8 billion in 2023, then declined by 26.01% to $2.8 billion in 2024, then sank by 77.4% to $632.5 million in 2025, then soared by 342.87% to $2.8 billion in 2026.
  • The last three Non-Current Debt figures came in at $2.8 billion (Q1 2026), $632.5 million (Q4 2025), and $2.7 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - 30.72 Bn
2 AGNC Investment 11.42 Bn 10.75 Bn - 87.60 Bn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 4.29 Bn
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 782.22 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -
7 Armour Residential REIT 2.05 Bn 1.32 Bn - 18.46 Bn
8 Ellington Financial 1.67 Bn 1.39 Bn - -
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 111.20 Mn
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn - 2.80 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 2.80 Bn
Mar 31, 2026 2.80 Bn
Dec 31, 2025 632.52 Mn
Dec 31, 2025 632.52 Mn
Sep 30, 2025 2.70 Bn
Sep 30, 2025 2.70 Bn
Jun 30, 2025 535.05 Mn
Jun 30, 2025 535.05 Mn
Mar 31, 2025 535.92 Mn
Mar 31, 2025 535.92 Mn
Dec 31, 2024 2.80 Bn
Dec 31, 2024 2.80 Bn
Sep 30, 2024 3.02 Bn
Sep 30, 2024 3.02 Bn
Jun 30, 2024 3.29 Bn
Jun 30, 2024 3.29 Bn
Mar 31, 2024 3.52 Bn
Mar 31, 2024 3.52 Bn
Dec 31, 2023 3.78 Bn
Dec 31, 2023 3.78 Bn