KKR Real Estate Finance Trust/$KREF

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About KKR Real Estate Finance Trust

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estates, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.

Ticker

$KREF

Primary listing

NYSE

Employees

-

KREF Metrics

BasicAdvanced
$640M
-
-$0.65
0.95
$1.00
10.26%

Bulls say / Bears say

KREF finished Q2 2025 with $757 million in available liquidity, made up of $108 million in cash and $620 million in unused revolver capacity, and faces no corporate debt maturities until 2030, strengthening its ability to manage commercial real estate market volatility (Investing.com).
The loan portfolio remains diversified and resilient, with $5.8 billion in senior floating-rate loans and 62% exposure to multifamily and industrial properties, which have maintained stronger fundamentals compared to office assets (Investing.com).
Management repurchased 2 million shares for $20 million at an average price of $9.21 in Q2, signaling confidence in the long-term outlook and enhancing book value per share (Investing.com).
KKR Real Estate Finance Trust posted a GAAP net loss of $35.4 million, or $0.53 per diluted share in Q2 2025 due to a $50 million CECL provision, up from a $10.6 million loss in Q1 2025 (Investing.com).
Book value per share dropped to $13.84 as of June 30, 2025, down from $15.24 a year ago, reflecting impairments and ongoing pressure on underlying collateral values (Investing.com).
Credit quality worsened slightly, with the weighted average loan-to-value climbing from 65% in Q1 2025 to 66% in Q2 2025. Five loans, including office assets, moved to the watch list, exposing vulnerability in that sector (Investing.com).
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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