Companies /Real Estate

KKR Real Estate Finance Trust Inc

NYSE: KREF Reit - Mortgage
$5.29
▼ $0.54 (−9.26%) today
Markets closed · 9:09pm ET

KREF at a Glance

Valuation
Market cap
$341.5M
Dividend yield
12.40%
Profitability
Revenue (TTM)
$-5,182,000
EPS (TTM)
$-3.58
Price
52-week range
$5 – $8
Street target
$7.25

Headquartered in New York, NY Fiscal year ends December NYSE: KREF kkrreit.com

About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc. is a real estate investment trust (REIT). It primarily originates or acquires transitional floating-rate senior loans secured by institutional-quality commercial real estate owned by well-capitalized sponsors in liquid markets. Its target assets also include mezzanine loans, preferred equity, CMBS (including B-pieces) and other debt-oriented instruments.

As of September 30, 2026:
- The loan portfolio was $3.2 billion, 100% senior loans and 98% floating rate.
- Multifamily and industrial collateral made up 57% of the portfolio, with meaningful office and life science exposure.
- About 16% of the portfolio was in Europe (UK, Spain and other markets).

The company also holds about $653 million of real estate owned and equity method real estate assets, including office, life science, luxury condo, retail/redevelopment and multifamily properties, which it is positioning for monetization.

KREF is externally managed by KKR Real Estate Finance Manager LLC, an indirect subsidiary of KKR & Co. Inc. KKR owns about 18% of KREF. Financing comes from term credit facilities, term lending agreements, a term loan facility, a secured term loan and a corporate revolver. The board's strategic review committee is currently evaluating strategic alternatives. Updated

KREF Coverage

Frequently Asked Questions

What does KKR Real Estate Finance Trust do?

KKR Real Estate Finance Trust Inc. is a real estate investment trust (REIT). It primarily originates or acquires transitional floating-rate senior loans secured by institutional-quality commercial real estate owned by well-capitalized sponsors in liquid markets.

What is the KREF stock price target?

The Wall Street consensus 12-month price target for KREF is $7.25.