KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026)
KKR Real Estate Finance Trust (KREF) recorded Non-Current Debt of $3.02 billion in Q2 2026, up 2.6% from $2.95 billion a year earlier and up 8.0% from the prior quarter.
Powered by 
Analysis
KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026) Analysis & Trends
At the end of FY2025, KKR Real Estate Finance Trust reported Non-Current Debt of $2.86 billion, up 2.3% from FY2024.
- Annual Non-Current Debt has a five-year compound annual growth rate of 2.1% (FY2020 to FY2025).
- Across earlier years, Non-Current Debt came in at $2.8 billion in FY2024 (-26.0%), $3.78 billion in FY2023 (+0.9%), $3.75 billion in FY2022 (+0.6%) and $3.73 billion in FY2021 (+44.7%).
- The Q2 2026 figure is the highest quarterly Non-Current Debt since Q1 2025.
- On a year-over-year basis, Non-Current Debt rose in two of the last eight quarters, with an average decline of 10.6%.
- Peak year-over-year performance for Non-Current Debt in the last five years was growth of 44.7% in Q4 2021, against a decline of 26.0% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.8 billion (Q1 2026), $2.86 billion (Q4 2025) and $2.7 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | 16.64 Bn |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | 35.93 Bn |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | 8.58 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | 3.33 Bn |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | 7.52 Bn |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | 395.89 Mn |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | 34.37 Bn |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 374.31 Mn | -74.36 Mn | - | 3.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.02 Bn |
| Mar 31, 2026 | 2.80 Bn |
| Dec 31, 2025 | 2.86 Bn |
| Sep 30, 2025 | 2.70 Bn |
| Jun 30, 2025 | 2.95 Bn |
| Mar 31, 2025 | 3.02 Bn |
| Dec 31, 2024 | 2.80 Bn |
| Sep 30, 2024 | 3.02 Bn |
| Jun 30, 2024 | 3.29 Bn |
| Mar 31, 2024 | 3.52 Bn |
| Dec 31, 2023 | 3.78 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Jun 30, 2023 | 3.81 Bn |
| Mar 31, 2023 | 3.88 Bn |
| Dec 31, 2022 | 3.75 Bn |
| Sep 30, 2022 | 3.47 Bn |
| Jun 30, 2022 | 3.57 Bn |
| Mar 31, 2022 | 3.04 Bn |
| Dec 31, 2021 | 3.73 Bn |
| Sep 30, 2021 | 2.96 Bn |
API Access
KKR Real Estate Finance Trust Non-Current Debt 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=non-current-debt&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();