KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Non-Current Debt came in at $630.4 million in Q2 2026, down 78.62% YoY from $2.9 billion in Q2 2025, and down 77.49% on a QoQ basis from $2.8 billion in Q1 2026.
KKR Real Estate Finance Trust (KREF) Non-Current Debt (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 11 years of Non-Current Debt data on file, last reported at $630.4 million in Q2 2026.
- Quarterly Non-Current Debt fell 78.62% year-over-year to $630.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $630.4 million (down 78.62% YoY) and the FY2025 annual result came in at $632.5 million, up 89.46% from the prior year.
- Non-Current Debt slipped to $630.4 million in Q2 2026, from $2.8 billion in the prior quarter.
- In the past five years, Non-Current Debt ranged from a high of $3.8 billion in Q3 2023 to a low of $333.9 million in Q4 2024.
- A 5-year average of $1.7 billion and a median of $633.0 million in 2025 frame the typical range for Non-Current Debt.
- Annual changes were most pronounced in 2023 — Non-Current Debt soared 1027.86% — and 2024, when it tumbled 91.27%.
- Tracing KREF's Non-Current Debt over 5 years: stood at $336.8 million in 2022, then soared by 1022.95% to $3.8 billion in 2023, then sank by 91.17% to $333.9 million in 2024, then surged by 89.46% to $632.5 million in 2025, then decreased by 0.33% to $630.4 million in 2026.
- The last three Non-Current Debt figures came in at $630.4 million (Q2 2026), $2.8 billion (Q1 2026), and $632.5 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 34.37 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 89.81 Bn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 14.00 Bn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 22.64 Bn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 1.22 Bn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 19.44 Bn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 654.96 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 11.09 Bn |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | 630.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 630.42 Mn |
| Mar 31, 2026 | 2.80 Bn |
| Dec 31, 2025 | 632.52 Mn |
| Sep 30, 2025 | 633.54 Mn |
| Jun 30, 2025 | 2.95 Bn |
| Mar 31, 2025 | 3.02 Bn |
| Dec 31, 2024 | 333.85 Mn |
| Sep 30, 2024 | 334.19 Mn |
| Jun 30, 2024 | 334.62 Mn |
| Mar 31, 2024 | 334.98 Mn |
| Dec 31, 2023 | 3.78 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Jun 30, 2023 | 3.81 Bn |
| Mar 31, 2023 | 336.46 Mn |
| Dec 31, 2022 | 336.83 Mn |
| Sep 30, 2022 | 3.47 Bn |
| Jun 30, 2022 | 337.61 Mn |
| Mar 31, 2022 | 3.04 Bn |
| Dec 31, 2021 | 338.55 Mn |
| Sep 30, 2021 | 2.96 Bn |