KKR Real Estate Finance Trust (KREF) Total Debt (2016 - 2026)
KKR Real Estate Finance Trust (KREF) posted Total Debt of $630.4 million for Q2 2026, down 77.49% on a QoQ basis from $2.8 billion in Q1 2026, and down 78.62% year-over-year from $2.9 billion in Q2 2025.
KKR Real Estate Finance Trust (KREF) Total Debt (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust's Total Debt history runs 11 years deep, the most recent figure standing at $630.4 million for Q2 2026.
- Quarterly Total Debt fell 78.62% year-over-year to $630.4 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $630.4 million (down 78.62% YoY) and the FY2025 annual result came in at $632.5 million, up 89.46% from the prior year.
- Total Debt was $630.4 million for Q2 2026 at KKR Real Estate Finance Trust, down from $2.8 billion in the prior quarter.
- Across five years, Total Debt topped out at $3.8 billion in Q3 2023 and bottomed at $333.9 million in Q4 2024.
- A 5-year average of $1.7 billion and a median of $633.0 million in 2025 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2023 — Total Debt soared 1027.86% — and 2024, when it slumped 91.27%.
- KKR Real Estate Finance Trust's Total Debt stood at $336.8 million in 2022, then surged by 1022.95% to $3.8 billion in 2023, then tumbled by 91.17% to $333.9 million in 2024, then jumped by 89.46% to $632.5 million in 2025, then dropped by 0.33% to $630.4 million in 2026.
- Business Quant data shows KREF's Total Debt at $630.4 million in Q2 2026, $2.8 billion in Q1 2026, and $632.5 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | 1.10 Bn |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | 87.62 Bn |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | 18.85 Bn |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | 782.22 Mn |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | 264.44 Mn |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | 19.44 Bn |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | 111.20 Mn |
| 10 | KKR Real Estate Finance Trust | 446.61 Mn | 422.08 Mn | - | 630.42 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 630.42 Mn |
| Mar 31, 2026 | 2.80 Bn |
| Dec 31, 2025 | 632.52 Mn |
| Sep 30, 2025 | 633.54 Mn |
| Jun 30, 2025 | 2.95 Bn |
| Mar 31, 2025 | 3.02 Bn |
| Dec 31, 2024 | 333.85 Mn |
| Sep 30, 2024 | 334.19 Mn |
| Jun 30, 2024 | 334.62 Mn |
| Mar 31, 2024 | 334.98 Mn |
| Dec 31, 2023 | 3.78 Bn |
| Sep 30, 2023 | 3.83 Bn |
| Jun 30, 2023 | 3.81 Bn |
| Mar 31, 2023 | 336.46 Mn |
| Dec 31, 2022 | 336.83 Mn |
| Sep 30, 2022 | 3.47 Bn |
| Jun 30, 2022 | 337.61 Mn |
| Mar 31, 2022 | 3.04 Bn |
| Dec 31, 2021 | 338.55 Mn |
| Sep 30, 2021 | 2.96 Bn |