KKR Real Estate Finance Trust (KREF) Stock Price, News & Analysis

Company Overview

KKR Real Estate Finance Trust, Inc. (NYSE: KREF) is a mortgage real estate investment trust sponsored by KKR & Co. Inc. The company focuses on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and real estate-related assets across the United States and select European markets.

The trust’s investment strategy is centered on lending to high-quality office, industrial, retail, multifamily and hotel properties. Its portfolio primarily consists of senior mortgage loans, mezzanine loans, floating-rate debt securities and preferred equity positions. By leveraging KKR’s global real estate credit platform, KREF aims to generate current income and total returns through disciplined underwriting and active portfolio management.

Established in May 2018, KKR Real Estate Finance Trust benefits from the deep industry expertise and robust deal flow of its sponsor’s real estate credit team. The company’s management brings decades of experience in corporate finance, real estate lending and risk management. Headquartered in New York City, KREF operates with an emphasis on sourcing direct origination opportunities and structuring customized financing solutions for real estate borrowers.

As a publicly traded REIT, KKR Real Estate Finance Trust provides investors with access to a diversified real estate credit strategy. Its focus on floating-rate instruments and a conservative leverage profile are designed to help mitigate interest rate and market volatility over the longer term.

Key Stats

• Today's Range: $8.40 to $8.63
• 50-Day Range: $8.45 to $9.86
• 52-Week Range: $8.27 to $12.33
• Volume: 1.13 million shs
• Average Volume: 627,655 shs
• Market Capitalization: $554.31 million
• P/E Ratio: N/A
• Dividend Yield: 11.85%
• Price Target: $11.44
• Consensus Rating: Hold

KKR Real Estate Finance Trust Stock Analysis - MarketRank™

KKR Real Estate Finance Trust scored higher than 82% of companies evaluated by MarketBeat, and ranked 312th out of 947 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Hold

Consensus Rating

KKR Real Estate Finance Trust has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 3 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

KKR Real Estate Finance Trust has a consensus price target of $11.44, representing about 35.6% upside from its current price of $8.44.

Amount of Analyst Coverage

KKR Real Estate Finance Trust has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 2.86%

Earnings Growth

Earnings for KKR Real Estate Finance Trust are expected to grow by 2.86% in the coming year, from $1.05 to $1.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of KKR Real Estate Finance Trust is -12.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of KKR Real Estate Finance Trust is -12.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

KKR Real Estate Finance Trust has a P/B Ratio of 0.41. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

7.48% of the float of KKR Real Estate Finance Trust has been sold short.

Short Interest Ratio / Days to Cover

KKR Real Estate Finance Trust has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in KKR Real Estate Finance Trust has recently increased by 0.49%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

KKR Real Estate Finance Trust is a leading dividend payer. It pays a dividend yield of 11.59%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

KKR Real Estate Finance Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, KKR Real Estate Finance Trust will have a dividend payout ratio of 92.59% in the coming year. This indicates that KKR Real Estate Finance Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.16

Percentage of Shares Shorted

7.48% of the float of KKR Real Estate Finance Trust has been sold short.

Short Interest Ratio / Days to Cover

KKR Real Estate Finance Trust has a short interest ratio ("days to cover") of 5.7.

Change versus previous month

Short interest in KKR Real Estate Finance Trust has recently increased by 0.49%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.20

News Sentiment

KKR Real Estate Finance Trust has a news sentiment score of 1.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.83 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for KKR Real Estate Finance Trust this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for KREF on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

1 people have added KKR Real Estate Finance Trust to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, KKR Real Estate Finance Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.90% of the stock of KKR Real Estate Finance Trust is held by insiders.

Percentage Held by Institutions

70.23% of the stock of KKR Real Estate Finance Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KREF Stock Analysis - Frequently Asked Questions

How have KREF shares performed this year?

KKR Real Estate Finance Trust's stock was trading at $10.10 at the beginning of 2025. Since then, KREF stock has decreased by 16.5% and is now trading at $8.4350.

How were KKR Real Estate Finance Trust's earnings last quarter?

KKR Real Estate Finance Trust (NYSE:KREF) issued its quarterly earnings results on Tuesday, July, 22nd. The company reported ($0.53) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by $0.37. The company had revenue of $35.75 million for the quarter, compared to the consensus estimate of $32.55 million. KKR Real Estate Finance Trust had a positive trailing twelve-month return on equity of 1.61% and a negative net margin of 4.43%.
Read the conference call transcript.

When did KKR Real Estate Finance Trust IPO?

KKR Real Estate Finance Trust (KREF) raised $210 million in an IPO on Friday, May 5th 2017. The company issued 10,000,000 shares at a price of $20.50-$21.50 per share. Wells Fargo Securities, Morgan Stanley and KKR acted as the underwriters for the IPO and Barclays, Goldman, Sachs, J.P. Morgan and Keefe, Bruyette & Woods (A Stifel Company) were co-managers.

Who are KKR Real Estate Finance Trust's major shareholders?

KKR Real Estate Finance Trust's top institutional investors include Voya Investment Management LLC (0.48%). Insiders that own company stock include Matthew A Salem, W Patrick Mattson and Christen EJ Lee.
View institutional ownership trends.

How do I buy shares of KKR Real Estate Finance Trust?

Shares of KREF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of KKR Real Estate Finance Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that KKR Real Estate Finance Trust investors own include Tesla (TSLA), NVIDIA (NVDA), Walmart (WMT), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Home Depot (HD) and Advanced Micro Devices (AMD).

Company Calendar

• Record date for 7/15 Dividend: 6/30/2025
• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Dividend Payable: 7/15/2025
• Last Earnings: 7/22/2025
• Record date for 10/15 Dividend: 9/30/2025
• Ex-Dividend for 10/15 Dividend: 9/30/2025
• Today: 10/10/2025
• Dividend Payable: 10/15/2025
• Next Earnings (Estimated): 10/21/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - MTGE TRUST
• Sub-Industry: Trading
• Current Symbol: NYSE:KREF
• Previous Symbol: NASDAQ:KREF
• CIK: 1631596
• Web: www.kkrreit.com
• Phone: (212) 750-8300
• Fax: N/A
• Employees: N/A
• Year Founded: 1976

Price Target and Rating

• Average Price Target for KKR Real Estate Finance Trust: $11.44
• High Price Target: $13.50
• Low Price Target: $9.50
• Potential Upside/Downside: +36.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.66)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 8.00
• P/E Growth: N/A
• Net Income: $35.59 million
• Net Margins: -4.43%
• Pretax Margin: -4.89%
• Return on Equity: 1.61%
• Return on Assets: 0.33%

Debt

• Debt-to-Equity Ratio: 3.81
• Current Ratio: 440.20
• Quick Ratio: 440.20

Sales & Book Value

• Annual Sales: $135.31 million
• Price / Sales: 4.08
• Cash Flow: $1.65 per share
• Price / Cash Flow: 5.10
• Book Value: $20.36 per share
• Price / Book: 0.41

Miscellaneous

• Outstanding Shares: 65,676,000
• Free Float: 64,428,000
• Market Cap: $552.01 million
• Optionable: Optionable
• Beta: 0.89