KKR Real Estate Finance Trust Inc
KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets in the United States. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans. The company has also elected to b… Read more
KKR Real Estate Finance Trust Inc (KREF) - Net Assets
Latest net assets as of December 2025: $1.23 Billion USD
Based on the latest financial reports, KKR Real Estate Finance Trust Inc (KREF) has net assets worth $1.23 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.46 Billion) and total liabilities ($5.24 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.23 Billion |
| % of Total Assets | 18.95% |
| Annual Growth Rate | 48.18% |
| 5-Year Change | -10.02% |
| 10-Year Change | 142.6% |
| Growth Volatility | 475.24 |
KKR Real Estate Finance Trust Inc - Net Assets Trend (2014–2025)
This chart illustrates how KKR Real Estate Finance Trust Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KKR Real Estate Finance Trust Inc (2014–2025)
The table below shows the annual net assets of KKR Real Estate Finance Trust Inc from 2014 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.23 Billion | -12.42% |
| 2024-12-31 | $1.40 Billion | -0.38% |
| 2023-12-31 | $1.40 Billion | -10.64% |
| 2022-12-31 | $1.57 Billion | +15.41% |
| 2021-12-31 | $1.36 Billion | +30.24% |
| 2020-12-31 | $1.05 Billion | -6.97% |
| 2019-12-31 | $1.12 Billion | -1.01% |
| 2018-12-31 | $1.14 Billion | +7.08% |
| 2017-12-31 | $1.06 Billion | +109.90% |
| 2016-12-31 | $505.04 Million | +76.36% |
| 2015-12-31 | $286.37 Million | +1668.83% |
| 2014-12-31 | $16.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KKR Real Estate Finance Trust Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 50560800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $644.00K | 0.05% |
| Other Components | $1.68 Billion | 143.11% |
| Total Equity | $1.17 Billion | 100.00% |
KKR Real Estate Finance Trust Inc Competitors by Market Cap
The table below lists competitors of KKR Real Estate Finance Trust Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eurocrane China Co Ltd
SHG:603966
|
$353.96 Million |
|
Depo Auto Parts Industrial Co Ltd
TW:6605
|
$354.04 Million |
|
Intrum AB (publ)
PINK:ITJTY
|
$354.15 Million |
|
Tremor International Ltd
PINK:TTTPF
|
$354.16 Million |
|
CGN NEW ENERGY HO.HD0001
F:C41
|
$353.95 Million |
|
Ningbo Runhe High-Tech Materials Co Ltd Class A
SHE:300727
|
$353.93 Million |
|
Avidia Bancorp, Inc.
NYSE:AVBC
|
$353.93 Million |
|
Shandong Binzhou Bohai Piston Co Ltd
SHG:600960
|
$353.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KKR Real Estate Finance Trust Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,345,030,000 to 1,172,550,000, a change of -172,480,000 (-12.8%).
- Net loss of 50,489,000 reduced equity.
- Dividend payments of 66,860,000 reduced retained earnings.
- Share repurchases of 43,405,000 reduced equity.
- Other factors decreased equity by 11,726,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-50.49 Million | -4.31% |
| Dividends Paid | $66.86 Million | -5.7% |
| Share Repurchases | $43.41 Million | -3.7% |
| Other Changes | $-11.73 Million | -1.0% |
| Total Change | $- | -12.82% |
Book Value vs Market Value Analysis
This analysis compares KKR Real Estate Finance Trust Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.38x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.14x to 0.38x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | $48.18 | $6.68 | x |
| 2015-12-31 | $5.39 | $6.68 | x |
| 2016-12-31 | $9.54 | $6.68 | x |
| 2017-12-31 | $23.39 | $6.68 | x |
| 2018-12-31 | $20.58 | $6.68 | x |
| 2019-12-31 | $19.53 | $6.68 | x |
| 2020-12-31 | $18.65 | $6.68 | x |
| 2021-12-31 | $23.98 | $6.68 | x |
| 2022-12-31 | $23.26 | $6.68 | x |
| 2023-12-31 | $20.31 | $6.68 | x |
| 2024-12-31 | $19.38 | $6.68 | x |
| 2025-12-31 | $17.55 | $6.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KKR Real Estate Finance Trust Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -4.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.02%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 5.51x
- Recent ROE (-4.31%) is below the historical average (2.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -13.58% | -298.29% | 0.04x | 1.11x | $-3.63 Million |
| 2015 | 5.96% | 85.13% | 0.00x | 16.76x | $-11.38 Million |
| 2016 | 6.26% | 88.36% | 0.01x | 12.59x | $-18.61 Million |
| 2017 | 5.57% | 90.53% | 0.01x | 6.98x | $-46.95 Million |
| 2018 | 7.91% | 90.43% | 0.02x | 4.61x | $-23.77 Million |
| 2019 | 8.01% | 90.17% | 0.02x | 4.50x | $-22.41 Million |
| 2020 | 5.20% | 43.30% | 0.03x | 4.75x | $-50.14 Million |
| 2021 | 10.08% | 90.28% | 0.02x | 4.92x | $1.04 Million |
| 2022 | 2.42% | 21.81% | 0.02x | 4.96x | $-119.05 Million |
| 2023 | -3.84% | -29.69% | 0.02x | 5.37x | $-194.40 Million |
| 2024 | 2.65% | 23.46% | 0.02x | 4.72x | $-98.91 Million |
| 2025 | -4.31% | -11.02% | 0.07x | 5.51x | $-167.74 Million |
Industry Comparison
This section compares KKR Real Estate Finance Trust Inc's net assets metrics with peer companies in the REIT - Mortgage industry.
Industry Context
- Industry: REIT - Mortgage
- Average net assets among peers: $1,096,262,362
- Average return on equity (ROE) among peers: 8.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KKR Real Estate Finance Trust Inc (KREF) | $1.23 Billion | -13.58% | 4.28x | $353.96 Million |
| Arbor Realty Trust (ABR) | $361.58 Million | 13.94% | 5.10x | $1.46 Billion |
| Acres Commercial Realty Corp (ACR) | $228.83 Million | 2.77% | 6.85x | $126.82 Million |
| Ares Commercial Real Estate (ACRE) | $456.49 Million | 7.51% | 2.02x | $265.18 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $40.49 Million |
| AGNC Investment Corp (AGNCL) | $546.82 Million | 21.69% | 7.46x | $27.70 Billion |
| AGNC Investment Corp. 8.75% Series H Fixed-Rate Cumulative Redeemable Preferred Stock (AGNCZ) | $6.21 Billion | 12.40% | 8.33x | $245.43K |
| Great Ajax Corp (AJX) | $282.72 Million | 9.85% | 2.39x | $347.80K |
| Angel Oak Mortgage Inc (AOMR) | $44.05 Million | -14.07% | 8.78x | $127.29 Million |
| Apollo Commercial Real Estate Finance Inc (ARI) | $2.63 Billion | 8.75% | 1.62x | $1.36 Billion |
| ARMOUR Residential REIT Inc (ARR) | $108.71 Million | 6.01% | 10.12x | $2.04 Billion |