KKR Real Estate Finance Trust Inc (KREF) — Cash Flow Reinvestment Rate

Latest as of June 2026: 1.78x

KKR Real Estate Finance Trust Inc (KREF) has a Cash Flow Reinvestment Rate of 1.78x as of June 2026, reinvesting $49.41 Million (capex $25.00 Million plus investments $24.41 Million) from operating cash flow of $27.76 Million. See KREF free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.

Reinvestment Rate

1.78x
(Capex + Investments) / Operating CF

Total Reinvested

$49.41 Million
Capex + Investments

Operating Cash Flow

$27.76 Million
USD

Capital Expenditures

$25.00 Million
USD

KKR Real Estate Finance Trust Inc Cash Flow Reinvestment Rate (2014–2025)

Historical reinvestment intensity for KKR Real Estate Finance Trust Inc across 12 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of KKR Real Estate Finance Trust Inc.

Annual Cash Flow Reinvestment Rate for KKR Real Estate Finance Trust Inc (2014–2025)

Year-by-year capital reinvestment analysis for KKR Real Estate Finance Trust Inc. See KREF free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 0.54x $39.10 Million $72.28 Million $5.58 Million ▼ -93.6%
2024 8.48x $1.12 Billion $132.56 Million $8.11 Million ▲ +386.7%
2023 1.74x $271.38 Million $155.72 Million $1.86 Million ▼ -79.1%
2022 8.34x $1.18 Billion $141.12 Million $1.66 Million ▼ -32.4%
2021 12.35x $1.54 Billion $124.79 Million $0.00 ▲ +1501.5%
2020 0.77x $88.71 Million $115.06 Million $0.00 ▼ -92.4%
2019 10.10x $926.31 Million $91.71 Million $0.00 ▼ -61.1%
2018 26.00x $2.00 Billion $76.83 Million $0.00 ▲ +29.1%
2017 20.14x $1.08 Billion $53.80 Million $0.00 ▲ +12.0%
2016 17.98x $456.90 Million $25.41 Million $455.00K ▲ +127.7%
2015 7.90x $91.17 Million $11.54 Million $274.00K ▼ -99.7%
2014 2849.22x $91.17 Million $32.00K $274.00K
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow