KKR Real Estate Finance Trust (KREF) Total Liabilities (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Total Liabilities came in at $5.6 billion in Q2 2026, up 1.96% on a YoY basis from $5.5 billion in Q2 2025, and down 3.94% quarter-over-quarter from $5.8 billion in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) Total Liabilities (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Total Liabilities for 11 consecutive years, with $5.6 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Total Liabilities rose 1.96% year-over-year to $5.6 billion; the trailing twelve-month figure through Jun 2026 stood at $5.6 billion (up 1.96% YoY), and the FY2025 full-year result was $5.2 billion, up 5.81% from the prior year.
- Total Liabilities fell to $5.6 billion in Q2 2026 per KREF's latest filing, from $5.8 billion in the prior quarter.
- Across five years, Total Liabilities topped out at $6.4 billion in Q1 2023 and bottomed at $5.0 billion in Q4 2024.
- Historically, Total Liabilities has averaged $5.7 billion across 5 years, with a median of $5.7 billion in 2024.
- The sharpest annual moves came in 2022 and 2024: Total Liabilities soared 40.51% in 2022, then slipped 19.4% in 2024.
- Over 5 years, Total Liabilities stood at $6.2 billion in 2022, then fell by 1.4% to $6.1 billion in 2023, then fell by 19.4% to $5.0 billion in 2024, then grew by 5.81% to $5.2 billion in 2025, then rose by 6.29% to $5.6 billion in 2026.
- According to Business Quant data, Total Liabilities over the past three periods registered $5.6 billion, $5.8 billion, and $5.2 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 126.76 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 109.22 Bn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 53.86 Bn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 44.66 Bn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 23.24 Bn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 7.09 Bn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 16.14 Bn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | 20.17 Bn |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 19.03 Bn |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | 5.57 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.57 Bn |
| Mar 31, 2026 | 5.80 Bn |
| Dec 31, 2025 | 5.24 Bn |
| Sep 30, 2025 | 5.20 Bn |
| Jun 30, 2025 | 5.46 Bn |
| Mar 31, 2025 | 5.19 Bn |
| Dec 31, 2024 | 4.95 Bn |
| Sep 30, 2024 | 5.36 Bn |
| Jun 30, 2024 | 5.62 Bn |
| Mar 31, 2024 | 5.88 Bn |
| Dec 31, 2023 | 6.14 Bn |
| Sep 30, 2023 | 6.17 Bn |
| Jun 30, 2023 | 6.15 Bn |
| Mar 31, 2023 | 6.36 Bn |
| Dec 31, 2022 | 6.23 Bn |
| Sep 30, 2022 | 5.95 Bn |
| Jun 30, 2022 | 6.04 Bn |
| Mar 31, 2022 | 5.50 Bn |
| Dec 31, 2021 | 5.34 Bn |
| Sep 30, 2021 | 4.52 Bn |