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 1.52% in Q3 2026, down 5.55 percentage points from 7.07% a year earlier and down 0.78 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 5.86%, down 2.97 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] has a five-year change of +1.30 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Invested Capital [ROIC] came in at 8.84% in FY2024 (+1.18 pp), 7.65% in FY2023 (+2.73 pp), 4.93% in FY2022 (-0.45 pp) and 5.38% in FY2021 (+0.81 pp).
- The Q3 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 six consecutive quarters, with an average year-over-year change of -2.35 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 3.96 percentage points in Q2 2024, against a drop of 5.55 percentage points in Q3 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.30% (Q2 2026), 4.46% (Q1 2026) and 5.82% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 3.67% |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 2.77% |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 2.85% |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 25.70% |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 6.19% |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 11.12% |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 12.15% |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | 1.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.52% |
| Jun 30, 2026 | 2.30% |
| Mar 31, 2026 | 4.46% |
| Dec 31, 2025 | 5.82% |
| Sep 30, 2025 | 7.07% |
| Jun 30, 2025 | 6.85% |
| Mar 31, 2025 | 8.73% |
| Dec 31, 2024 | 9.56% |
| Sep 30, 2024 | 7.29% |
| Jun 30, 2024 | 9.48% |
| Mar 31, 2024 | 8.48% |
| Dec 31, 2023 | 7.68% |
| Sep 30, 2023 | 5.67% |
| Jun 30, 2023 | 5.52% |
| Mar 31, 2023 | 5.04% |
| Dec 31, 2022 | 4.94% |
| Sep 30, 2022 | 4.21% |
| Jun 30, 2022 | 5.15% |
| Mar 31, 2022 | 5.00% |
| Dec 31, 2021 | 5.07% |
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();