KKR Real Estate Finance Trust (KREF) Return on Equity [ROE] (2016 - 2026)
KKR Real Estate Finance Trust's Return on Equity [ROE] was -17.61% in Q2 2026, down 15.79 percentage points from -1.81% a year earlier and down 9.04 percentage points from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Return on Equity [ROE] (2016 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at KKR Real Estate Finance Trust came in at -3.85%, down 6.30 percentage points from FY2024.
- Return on Equity [ROE] shows a five-year change of -8.87 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 2.45% in FY2024 (+4.58 pp), -2.13% in FY2023 (-4.69 pp), 2.56% in FY2022 (-8.84 pp) and 11.41% in FY2021 (+6.38 pp).
- The Q2 2026 figure marks the lowest quarterly Return on Equity [ROE] in data going back to Q4 2016.
- Compared with a year earlier, Return on Equity [ROE] has declined for five straight quarters, with an average year-over-year change of -3.78 percentage points over the last eight quarters.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q2 2024 (a gain of 7.13 percentage points); the worst was Q2 2026 (a drop of 15.79 percentage points).
- Per Business Quant data, KREF's Return on Equity [ROE] in the three quarters before Q2 2026 was -8.57% (Q1 2026), -4.03% (Q4 2025) and -0.31% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 2.01% |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 13.99% |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 13.69% |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 13.17% |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 41.65% |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 21.08% |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 9.87% |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 17.89% |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 364.35 Mn | -84.32 Mn | - | -17.61% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -17.61% |
| Mar 31, 2026 | -8.57% |
| Dec 31, 2025 | -4.03% |
| Sep 30, 2025 | -0.31% |
| Jun 30, 2025 | -1.81% |
| Mar 31, 2025 | 2.32% |
| Dec 31, 2024 | 2.44% |
| Sep 30, 2024 | 0.12% |
| Jun 30, 2024 | 2.54% |
| Mar 31, 2024 | -0.71% |
| Dec 31, 2023 | -2.22% |
| Sep 30, 2023 | 0.11% |
| Jun 30, 2023 | -4.59% |
| Mar 31, 2023 | -1.50% |
| Dec 31, 2022 | 2.37% |
| Sep 30, 2022 | 3.54% |
| Jun 30, 2022 | 8.20% |
| Mar 31, 2022 | 9.46% |
| Dec 31, 2021 | 10.57% |
| Sep 30, 2021 | 10.22% |
API Access
KKR Real Estate Finance Trust Return on Equity [ROE] 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=return-on-equity-%5Broe%5D&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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=return-on-equity-%5Broe%5D&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();