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% YoY from 0.43% in Q4 2024, and up 150.78% on a QoQ basis from 0.23% in Q4 2024.
KKR Real Estate Finance Trust (KREF) Tax Rate (2016 - 2025) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 10 years of Tax Rate data on file, last reported at 0.58% in Q4 2025.
- Quarterly Tax Rate rose 35.0% year-over-year to 0.58% in Q4 2025, while the trailing twelve-month figure through Jun 2026 was 0.08% (up 65.0% YoY) and the FY2025 annual result came in at 0.39%, down 18.0% from the prior year.
- Tax Rate rose to 0.58% in Q4 2025, from 0.23% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 1.05% in Q4 2021 to a low of 1.54% in Q4 2023.
- A 5-year average of 0.13% and a median of 0.25% in 2024 frame the typical range for Tax Rate.
- The widest YoY moves for Tax Rate: up 177 bps in 2024, down 187 bps in 2024.
- Tracing KREF's Tax Rate over 5 years: stood at 1.05% in 2021, then plunged by 73 bps to 0.29% in 2022, then plunged by 636 bps to 1.54% in 2023, then surged by 115 bps to 0.23% in 2024, then jumped by 151 bps to 0.58% in 2025.
- The last three Tax Rate figures came in at 0.58% (Q4 2025), 0.23% (Q4 2024), and 1.26% (Q3 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 0.83% |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 29.32% |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 21.84% |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | -3.18% |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 0.21% |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | - |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.58% |
| Dec 31, 2025 | 0.58% |
| Dec 31, 2025 | 0.58% |
| Dec 31, 2024 | 0.23% |
| Dec 31, 2024 | 0.23% |
| Dec 31, 2024 | 0.23% |
| Sep 30, 2024 | -1.26% |
| Sep 30, 2024 | -1.26% |
| Sep 30, 2024 | -1.26% |
| Jun 30, 2024 | 0.28% |
| Jun 30, 2024 | 0.28% |
| Jun 30, 2024 | 0.28% |
| Mar 31, 2024 | -1.21% |
| Mar 31, 2024 | -1.21% |
| Mar 31, 2024 | -1.21% |
| Dec 31, 2023 | -1.54% |
| Dec 31, 2023 | -1.54% |
| Dec 31, 2023 | -1.54% |
| Sep 30, 2023 | 0.61% |
| Sep 30, 2023 | 0.61% |