Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
KKR Real Estate Finance Trust Inc(KREF)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for KREF
11/10/2026: KREF (1-star) is currently NOT-A-BUY. Pass it for now.
KKR Real Estate Finance Trust Inc is a mortgage REIT that primarily originates senior loans for institutional-quality commercial real estate. Its main strength lies in its affiliation with the KKR platform, which provides significant underwriting and deal-sourcing advantages. The company’s investment story centers on providing steady dividend income through exposure to floating-rate commercial debt. However, it faces material risks from commercial real estate market volatility, potential credit impairments, and sensitivity to high interest rates. It is generally best suited for income-oriented investors comfortable with real estate sector risks. Investors should monitor portfolio credit quality, loan watchlist developments, and broader trends in commercial real estate valuation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | The company is primarily an income-oriented vehicle rather than a high-growth capital appreciation play. |
| Momentum investor | Weak fit | KREF's price action is generally tied to slow-moving macro trends in real estate and interest rates rather than high-momentum growth signals. |
| Value investor | Mixed fit | Value investors may be attracted to the discount to book value, though the risks in the CRE portfolio must be carefully assessed. |
| Dividend investor | Strong fit | The company is structured as a REIT and focuses on delivering consistent dividend income to shareholders. |
| Low-risk investor | Weak fit | Exposure to commercial real estate debt carries inherent credit and interest rate risks, which are not suitable for low-risk portfolios. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | Real estate market cycles can lead to significant swings in the stock's valuation. |
| Valuation risk | Medium | Trading at a discount or premium to book value reflects market sentiment on the underlying loan portfolio quality. |
| Competition risk (CRE lending) | Medium / high | Intense competition for quality loans can compress spreads and affect net interest margins. |
| Business quality | Medium | While supported by KKR's platform, the business is sensitive to the cyclical nature of the commercial real estate market. |
| Dividend income | Medium | Dividends are dependent on portfolio earnings, which can be impacted by credit impairments. |
| Execution risk | Medium | Effective asset management and loan workout execution are critical to preserving book value. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -4.78% | Avg. Invested days 45 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/10/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 326.65M USD | Price to earnings Ratio - | 1Y Target Price 7 |
Price to earnings Ratio - | 1Y Target Price 7 | ||
Volume (30-day avg) 1.0M shares | Beta 0.95 | 52 Weeks Range 4.93 - 8.23 | Updated Date 11/10/2026 |
52 Weeks Range 4.93 - 8.23 | Updated Date 11/10/2026 | ||
Dividends yield (FY) 12.37% | Basic EPS (TTM) -3.58 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Commercial Real Estate Lending | Interest income from senior floating-rate loans secured by properties like office buildings, apartments, and industrial assets. | KREF acts like a bank for commercial real estate, earning money from the interest paid on loans. |
Earnings Date
Report Date 2026-10-28 | When After Market | Estimate 0.03 | Actual 0.06 |
Profitability
Profit Margin - | Operating Margin (TTM) 19.85% |
Management Effectiveness
Return on Assets (TTM) -3.46% | Return on Equity (TTM) -17.94% |
Valuation
Trailing PE - | Forward PE 11.67 | Enterprise Value 3.57B | Price to Sales(TTM) 326.45 |
Enterprise Value 3.57B | Price to Sales(TTM) 326.45 | ||
Enterprise Value to Revenue 41.26 | Enterprise Value to EBITDA - | Shares Outstanding 57.31M | Shares Floating 40.09M |
Shares Outstanding 57.31M | Shares Floating 40.09M | ||
Percent Insiders 2.68 | Percent Institutions 100.89 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.