KKR Real Estate Finance Trust (KREF) Retained Earnings (2016 - 2026)

KKR Real Estate Finance Trust (KREF) reported Retained Earnings of -$584.1 million for Q1 2026, down 46.76% on a YoY basis from -$1.1 billion in Q1 2025, and down 15.4% quarter-over-quarter from -$506.1 million in Q4 2025.

KKR Real Estate Finance Trust (KREF) Retained Earnings (2016 - 2026) Analysis & Trends

KKR Real Estate Finance Trust has reported Retained Earnings for 11 years, with the latest figure at -$584.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Retained Earnings fell 46.76% year-over-year to -$584.1 million; the trailing twelve-month figure through Mar 2026 stood at -$584.1 million (down 46.76% YoY), and the FY2025 full-year result was -$506.1 million, down 36.62% from the prior year.
  • Retained Earnings for Q1 2026 stood at -$584.1 million, down from -$506.1 million in the prior quarter.
  • The five-year high for Retained Earnings was -$37.6 million in Q1 2022, with the low at -$584.1 million in Q1 2026.
  • Historically, Retained Earnings has averaged -$306.2 million across 5 years, with a median of -$337.5 million in 2024.
  • Annual changes were most pronounced in 2022 — Retained Earnings soared 37.75% — and 2023, when it slumped 437.07%.
  • KKR Real Estate Finance Trust's Retained Earnings stood at -$141.5 million in 2022, then tumbled by 122.16% to -$314.4 million in 2023, then slipped by 17.85% to -$370.5 million in 2024, then sank by 36.62% to -$506.1 million in 2025, then slipped by 15.4% to -$584.1 million in 2026.
  • The last three Retained Earnings figures came in at -$584.1 million (Q1 2026), -$506.1 million (Q4 2025), and -$458.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Retained Earnings (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn - -13.43 Bn
2 AGNC Investment 11.42 Bn 10.75 Bn - -331.00 Mn
3 Starwood Property Trust 6.25 Bn 6.25 Bn - 10.88 Mn
4 Rithm Capital 5.08 Bn 4.78 Bn - -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn - 7.90 Mn
6 Dynex Capital 2.58 Bn 1.80 Bn - -127.21 Mn
7 Armour Residential REIT 2.05 Bn 1.32 Bn - -573.02 Mn
8 Ellington Financial 1.67 Bn 1.39 Bn - -366.11 Mn
9 Two Harbors Investment 1.29 Bn 746.67 Mn - 1.23 Bn
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn - -584.08 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -584.08 Mn
Dec 31, 2025 -506.13 Mn
Sep 30, 2025 -458.05 Mn
Jun 30, 2025 -449.82 Mn
Mar 31, 2025 -397.98 Mn
Dec 31, 2024 -370.47 Mn
Sep 30, 2024 -367.87 Mn
Jun 30, 2024 -337.55 Mn
Mar 31, 2024 -340.44 Mn
Dec 31, 2023 -314.37 Mn
Sep 30, 2023 -265.83 Mn
Jun 30, 2023 -257.51 Mn
Mar 31, 2023 -202.02 Mn
Dec 31, 2022 -141.50 Mn
Sep 30, 2022 -126.39 Mn
Jun 30, 2022 -48.16 Mn
Mar 31, 2022 -37.62 Mn
Dec 31, 2021 -38.21 Mn
Sep 30, 2021 -47.02 Mn
Jun 30, 2021 -55.09 Mn