KKR Real Estate Finance Trust Inc. (KREF)
Real Estate · NYQ
Price as at 1 Oct 2026, 08:23 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
KKR Real Estate Finance Trust Inc. trades at $6.21, which is 95% below the $12.09 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 5 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
KREF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.450 | 3 |
| 2025 | $1.00 | 4 |
| 2024 | $1.00 | 4 |
| 2023 | $1.72 | 4 |
| 2022 | $1.72 | 4 |
| 2021 | $1.99 | 5 |
| 2020 | $1.72 | 4 |
| 2019 | $1.72 | 4 |
| 2018 | $1.69 | 4 |
| 2017 | $0.990 | 3 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
KREF earnings and analyst estimates
Recommendation mix, 6 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About 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 be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
KREF passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
6 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Israel Englander, MILLENNIUM MANAGEMENT LLC$6.63M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$5.88M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$4.40M · 0.0% of book
- Ken Griffin, CITADEL ADVISORS LLC$2.20M · 0.0% of book
- D. E. Shaw, D. E. Shaw & Co., Inc.$1.67M · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
KREF peers
The largest companies in the same industry (REIT - Mortgage), then in the same sector.
- RITM Rithm Capital Corp.
- DX Dynex Capital, Inc.
- ORC Orchid Island Capital, Inc.
- PMT-PB PennyMac Mortgage Investment Trust
- LADR Ladder Capital Corp
- TWO Two Harbors Investment Corp.
- ABR Arbor Realty Trust, Inc.
- CIM Chimera Investment Corporation
Every real estate company we cover is on the Real Estate hub.
Common questions
Is KKR Real Estate Finance Trust Inc. (KREF) undervalued?
Against our fair value estimate of $12.09, KREF at $6.21 is 95% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own KREF?
6 of the institutions we track reported a position in KREF in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
Does KKR Real Estate Finance Trust Inc. (KREF) pay a dividend?
Yes. KKR Real Estate Finance Trust Inc. yields 5.51% at the current share price. It has paid $0.700 per share over the trailing twelve months. It has paid a dividend in each of the last 9 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its KREF data?
Fundamentals for KREF come from company filings and exchange data, as listed on NYQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 1 Oct 2026, 08:23 UTC and is delayed. Our data quality score for this company is 79/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for KREF, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.