KKR Real Estate Finance Trust (KREF) Tax Rate (2016 - 2025)
KKR Real Estate Finance Trust's (KREF) quarterly Tax Rate came in at 0.58% in Q4 2025, up 35.0% on a YoY basis from 0.43% in Q4 2024, and up 150.78% quarter-over-quarter from 0.23% in Q4 2024.
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Analysis
KKR Real Estate Finance Trust (KREF) Tax Rate (2016 - 2025) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Tax Rate for 10 consecutive years, with 0.58% the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, Tax Rate rose 35.0% year-over-year to 0.58%; the trailing twelve-month figure through Jun 2026 stood at 0.08% (up 65.0% YoY), and the FY2025 full-year result was 0.39%, down 32.0% from the prior year.
- Tax Rate climbed to 0.58% in Q4 2025 per KREF's latest filing, from 0.23% in the prior quarter.
- Across five years, Tax Rate topped out at 1.05% in Q4 2021 and bottomed at 1.54% in Q4 2023.
- Historically, Tax Rate has averaged 0.13% across 5 years, with a median of 0.25% in 2024.
- The widest YoY moves for Tax Rate: up 177 bps in 2024, down 187 bps in 2024.
- Over 5 years, Tax Rate stood at 1.05% in 2021, then slumped by 73 bps to 0.29% in 2022, then slumped by 636 bps to 1.54% in 2023, then jumped by 115 bps to 0.23% in 2024, then soared by 151 bps to 0.58% in 2025.
- According to Business Quant data, Tax Rate over the past three periods registered 0.58%, 0.23%, and 1.26% for Q4 2025, Q4 2024, and Q3 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 0.83% |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 29.32% |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 21.84% |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 8.80% |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | -3.18% |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 0.21% |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.58% |
| Dec 31, 2024 | 0.23% |
| Sep 30, 2024 | -1.26% |
| Jun 30, 2024 | 0.28% |
| Mar 31, 2024 | -1.21% |
| Dec 31, 2023 | -1.54% |
| Sep 30, 2023 | 0.61% |
| Jun 30, 2023 | -0.89% |
| Mar 31, 2023 | -0.67% |
| Dec 31, 2022 | 0.29% |
| Dec 31, 2021 | 1.05% |
| Sep 30, 2021 | 0.30% |
| Jun 30, 2021 | 0.33% |
| Mar 31, 2021 | 0.16% |
| Dec 31, 2020 | 0.54% |
| Sep 30, 2020 | 0.31% |
| Jun 30, 2020 | 0.27% |
| Mar 31, 2020 | -0.24% |
| Dec 31, 2019 | 0.86% |
| Sep 30, 2019 | 0.32% |