KKR Real Estate Finance Trust (KREF) Retained Earnings (2019 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Retained Earnings came in at -$711.7 million in Q2 2026, down 58.23% YoY from -$1.7 billion in Q2 2025, and down 142.39% on a QoQ basis from $1.7 billion in Q1 2026.
KKR Real Estate Finance Trust (KREF) Retained Earnings (2019 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 8 years of Retained Earnings data on file, last reported at -$711.7 million in Q2 2026.
- Quarterly Retained Earnings fell 58.23% year-over-year to -$711.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was -$711.7 million (down 58.23% YoY) and the FY2025 annual result came in at $1.7 billion, up 555.41% from the prior year.
- Retained Earnings slipped to -$711.7 million in Q2 2026, from $1.7 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $1.8 billion in Q3 2023 to a low of -$711.7 million in Q2 2026.
- A 5-year average of $485.4 million and a median of -$87.3 million in 2022 frame the typical range for Retained Earnings.
- The widest YoY moves for Retained Earnings: up 4914.8% in 2023, down 434.72% in 2023.
- Tracing KREF's Retained Earnings over 5 years: stood at $1.8 billion in 2022, then tumbled by 117.38% to -$314.4 million in 2023, then slipped by 17.85% to -$370.5 million in 2024, then jumped by 555.41% to $1.7 billion in 2025, then sank by 142.19% to -$711.7 million in 2026.
- The last three Retained Earnings figures came in at -$711.7 million (Q2 2026), $1.7 billion (Q1 2026), and $1.7 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 28.89 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 19.83 Bn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | -337.91 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | -567.20 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | -2.19 Bn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 5.89 Bn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | -360.93 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 1.55 Bn |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | -711.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -711.73 Mn |
| Mar 31, 2026 | 1.68 Bn |
| Dec 31, 2025 | 1.69 Bn |
| 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 | 1.73 Bn |
| Jun 30, 2024 | 1.72 Bn |
| Mar 31, 2024 | -340.44 Mn |
| Dec 31, 2023 | -314.37 Mn |
| Sep 30, 2023 | 1.82 Bn |
| Jun 30, 2023 | -257.51 Mn |
| Mar 31, 2023 | 1.81 Bn |
| Dec 31, 2022 | 1.81 Bn |
| 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 | 1.34 Bn |