KKR Real Estate Finance Trust (KREF) Price to Book (2017 - 2026)
KKR Real Estate Finance Trust's Price to Book came in at 0.36 for Q3 2026, down 20.3% from 0.46 a year earlier and down 9.8% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Price to Book (2017 - 2026) Analysis & Trends
For FY2025, KKR Real Estate Finance Trust's Price to Book was 0.43, down 13.0% from FY2024.
- Going back by year, Price to Book was 0.50 in FY2024 (-24.0%), 0.65 in FY2023 (+6.4%), 0.61 in FY2022 (-34.6%) and 0.94 in FY2021 (-1.7%).
- The five-year range for quarterly Price to Book is 0.34 (Q1 2026) to 0.94 (Q4 2021).
- Year-over-year, Price to Book has declined for five consecutive quarters, with an average decline of 14.9% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q3 2024 (growth of 7.5%), and the weakest in Q1 2023 (a decline of 38.7%).
- Business Quant data shows KREF's Price to Book at 0.40 (Q2 2026), 0.34 (Q1 2026) and 0.43 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.36 |
| Jun 30, 2026 | 0.40 |
| Mar 31, 2026 | 0.34 |
| Dec 31, 2025 | 0.43 |
| Sep 30, 2025 | 0.46 |
| Jun 30, 2025 | 0.45 |
| Mar 31, 2025 | 0.54 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.61 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.51 |
| Dec 31, 2023 | 0.65 |
| Sep 30, 2023 | 0.56 |
| Jun 30, 2023 | 0.58 |
| Mar 31, 2023 | 0.52 |
| Dec 31, 2022 | 0.61 |
| Sep 30, 2022 | 0.71 |
| Jun 30, 2022 | 0.73 |
| Mar 31, 2022 | 0.85 |
| Dec 31, 2021 | 0.94 |
API Access
KKR Real Estate Finance Trust Price to Book 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=price-to-book&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();