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

KKR Real Estate Finance Trust (KREF) posted Non-Current Debt of $630.4 million for Q2 2026, down 77.49% on a QoQ basis from $2.8 billion in Q1 2026, and down 78.62% year-over-year from $2.9 billion in Q2 2025.

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

KKR Real Estate Finance Trust's Non-Current Debt history runs 11 years deep, the most recent figure standing at $630.4 million for 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 was $630.4 million for Q2 2026 at KKR Real Estate Finance Trust, down from $2.8 billion in the prior quarter.
  • Across five years, Non-Current Debt topped out at $3.8 billion in Q3 2023 and bottomed at $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 slumped 91.27%.
  • KKR Real Estate Finance Trust's Non-Current Debt stood at $336.8 million in 2022, then surged by 1022.95% to $3.8 billion in 2023, then tumbled by 91.17% to $333.9 million in 2024, then jumped by 89.46% to $632.5 million in 2025, then dropped by 0.33% to $630.4 million in 2026.
  • Business Quant data shows KREF's Non-Current Debt at $630.4 million in Q2 2026, $2.8 billion in Q1 2026, and $632.5 million in Q4 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Non-Current Debt (Qtr)
1 Annaly Capital Management 16.30 Bn 14.44 Bn - 1.10 Bn
2 AGNC Investment 11.85 Bn 11.36 Bn - 87.62 Bn
3 Starwood Property Trust 5.99 Bn 5.94 Bn - 13.77 Bn
4 Rithm Capital 5.01 Bn 5.01 Bn - -
5 Blackstone Mortgage Trust 2.78 Bn 2.24 Bn - 782.22 Mn
6 Ellington Financial 1.63 Bn 1.51 Bn - 264.44 Mn
7 Dynex Capital 1.56 Bn 1.05 Bn - -
8 Armour Residential REIT 1.42 Bn 1.34 Bn - 19.44 Bn
9 Two Harbors Investment 1.27 Bn 987.19 Mn - 111.20 Mn
10 KKR Real Estate Finance Trust 446.61 Mn 422.08 Mn - 630.42 Mn

Historic Data

Download Data
DateValue
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