KKR Real Estate Finance Trust (KREF) Price to Book (2017 - 2026)
KKR Real Estate Finance Trust's Price to Book came in at 0.40 for Q2 2026, down 9.2% from 0.45 a year earlier but up 18.6% 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 0.95 (Q3 2021).
- Year-over-year, Price to Book has declined for four consecutive quarters, with an average decline of 11.4% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q3 2021 (growth of 7.7%), and the weakest in Q1 2023 (a decline of 38.7%).
- Business Quant data shows KREF's Price to Book at 0.34 (Q1 2026), 0.43 (Q4 2025) and 0.46 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - |
| 10 | KKR Real Estate Finance Trust | 364.35 Mn | -84.32 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 0.95 |
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();