KKR Real Estate Finance Trust (KREF) Return on Invested Capital [ROIC] (2017 - 2026)
KKR Real Estate Finance Trust (KREF) recorded Return on Invested Capital [ROIC] of 2.67% in Q2 2026, down 5.03 percentage points from 7.70% a year earlier and down 2.50 percentage points from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Return on Invested Capital [ROIC] (2017 - 2026) Analysis & Trends
For FY2025, KKR Real Estate Finance Trust reported Return on Invested Capital [ROIC] of 6.55%, down 2.92 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +1.81 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 9.47% in FY2024 (+1.32 pp), 8.14% in FY2023 (+2.90 pp), 5.25% in FY2022 (-0.52 pp) and 5.77% in FY2021 (+1.03 pp).
- The Q2 2026 figure is the lowest quarterly Return on Invested Capital [ROIC] in data going back to Q1 2017.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for three consecutive quarters, with an average year-over-year change of -1.34 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 4.27 percentage points in Q2 2024, against a drop of 5.03 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 5.16% (Q1 2026), 6.73% (Q4 2025) and 8.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.94 Bn | 29.62 Bn | - | 3.08% |
| 2 | Orix | 41.70 Bn | 42.20 Bn | - | 2.93% |
| 3 | Royalty Pharma | 32.87 Bn | 32.78 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 25.52 Bn | 25.52 Bn | - | - |
| 5 | Affirm Holdings | 23.86 Bn | 17.55 Bn | - | 5.55% |
| 6 | Synchrony Financial | 23.33 Bn | -44.64 Bn | - | 26.91% |
| 7 | Royal Gold | 19.87 Bn | 19.09 Bn | 390.45 Mn | 9.67% |
| 8 | Annaly Capital Management | 13.89 Bn | 4.98 Bn | - | 16.56% |
| 9 | Ares Capital | 13.54 Bn | 10.98 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 360.84 Mn | -87.84 Mn | - | 2.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.67% |
| Mar 31, 2026 | 5.16% |
| Dec 31, 2025 | 6.73% |
| Sep 30, 2025 | 8.07% |
| Jun 30, 2025 | 7.70% |
| Mar 31, 2025 | 9.61% |
| Dec 31, 2024 | 10.30% |
| Sep 30, 2024 | 7.83% |
| Jun 30, 2024 | 10.14% |
| Mar 31, 2024 | 9.04% |
| Dec 31, 2023 | 8.17% |
| Sep 30, 2023 | 6.03% |
| Jun 30, 2023 | 5.87% |
| Mar 31, 2023 | 5.36% |
| Dec 31, 2022 | 5.26% |
| Sep 30, 2022 | 4.49% |
| Jun 30, 2022 | 5.50% |
| Mar 31, 2022 | 5.35% |
| Dec 31, 2021 | 5.41% |
| Sep 30, 2021 | 5.66% |
API Access
KKR Real Estate Finance Trust Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();