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KKR Real Estate Finance Trust Inc (KREF)



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Upturn Advisory Summary
08/28/2025: KREF (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $11
1 Year Target Price $11
2 | Strong Buy |
2 | Buy |
1 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.6% | Avg. Invested days 37 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 597.65M USD | Price to earnings Ratio - | 1Y Target Price 11 |
Price to earnings Ratio - | 1Y Target Price 11 | ||
Volume (30-day avg) 5 | Beta 0.96 | 52 Weeks Range 8.05 - 11.76 | Updated Date 08/22/2025 |
52 Weeks Range 8.05 - 11.76 | Updated Date 08/22/2025 | ||
Dividends yield (FY) 10.72% | Basic EPS (TTM) -0.66 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -53.77% | Operating Margin (TTM) 218.74% |
Management Effectiveness
Return on Assets (TTM) -0.35% | Return on Equity (TTM) -1.76% |
Valuation
Trailing PE - | Forward PE 11.67 | Enterprise Value 5792400896 | Price to Sales(TTM) 14.8 |
Enterprise Value 5792400896 | Price to Sales(TTM) 14.8 | ||
Enterprise Value to Revenue 36.31 | Enterprise Value to EBITDA - | Shares Outstanding 65676100 | Shares Floating 54388375 |
Shares Outstanding 65676100 | Shares Floating 54388375 | ||
Percent Insiders 2.11 | Percent Institutions 77.05 |
Upturn AI SWOT
KKR Real Estate Finance Trust Inc

Company Overview
History and Background
KKR Real Estate Finance Trust Inc. (KREF) was formed in 2013 and is managed by KKR. It focuses on originating and acquiring senior mortgage loans secured by commercial real estate.
Core Business Areas
- Commercial Real Estate Lending: KREF originates and acquires senior mortgage loans secured by high-quality commercial real estate properties. This encompasses office, multifamily, industrial, retail, and hospitality properties.
Leadership and Structure
Ralph P. Faison serves as the Chief Executive Officer. The company operates as a real estate investment trust (REIT) with a board of directors overseeing its operations.
Top Products and Market Share
Key Offerings
- Senior Mortgage Loans: KREF's primary product is senior mortgage loans secured by commercial real estate. Market share data is not readily available on the specific breakdown of senior mortgage loan market share among REITs like KREF. Competitors include Blackstone Mortgage Trust (BXMT), Starwood Property Trust (STWD), and Arbor Realty Trust (ABR).
Market Dynamics
Industry Overview
The commercial real estate lending market is influenced by interest rates, economic growth, and property valuations. Demand for financing varies across property types and geographies.
Positioning
KREF is positioned as a direct lender with access to the KKR platform's resources and expertise. Its competitive advantage lies in its origination capabilities and risk management practices.
Total Addressable Market (TAM)
The TAM for commercial real estate lending is in the trillions of dollars. KREF is positioned to capture a portion of this market through its lending activities.
Upturn SWOT Analysis
Strengths
- Strong origination platform
- Access to KKR's resources and expertise
- Experienced management team
- Diversified loan portfolio
Weaknesses
- Sensitivity to interest rate changes
- Reliance on commercial real estate market performance
- Potential for credit losses during economic downturns
- Relatively smaller market cap compared to peers.
Opportunities
- Increased demand for commercial real estate financing
- Expansion into new property types or geographies
- Strategic acquisitions of other lending platforms
- Growth in private credit markets
Threats
- Rising interest rates
- Economic recession
- Increased competition from other lenders
- Regulatory changes
Competitors and Market Share
Key Competitors
- BXMT
- STWD
- ABR
- TPG Real Estate Finance Trust (TRTX)
- Apollo Commercial Real Estate Finance (ARI)
Competitive Landscape
KREF competes with other REITs and financial institutions for commercial real estate lending opportunities. Its advantages include access to KKR's platform and its origination expertise. Disadvantages may include smaller size and higher cost of capital than some competitors.
Growth Trajectory and Initiatives
Historical Growth: KREF's growth has been driven by increasing its loan portfolio and expanding its origination capabilities.
Future Projections: Future growth is dependent on market conditions and KREF's ability to source and execute attractive lending opportunities. Refer to analyst estimates for projections.
Recent Initiatives: Recent initiatives likely involve expanding lending relationships and focusing on specific property types.
Summary
KKR Real Estate Finance Trust operates as a REIT focused on commercial real estate lending, leveraging KKR's platform. The company's performance is closely tied to interest rates and the health of the commercial real estate market. While it has a strong origination platform, its sensitivity to economic downturns and competition are significant factors to watch. KREF can grow by expanding into new markets and property types, but needs to manage its risks carefully in a volatile environment.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC filings
- Company investor relations materials
- Third-party financial data providers
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market share data is estimated and may not be precise. Financial data is not real-time and should be verified with the company's official filings. I am unable to provide real-time financial information.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About KKR Real Estate Finance Trust Inc
Exchange NYSE | Headquaters New York, NY, United States | ||
IPO Launch date 2017-05-05 | CEO & Director Mr. Matthew A. Salem | ||
Sector Real Estate | Industry REIT - Mortgage | Full time employees - | Website https://www.kkrreit.com |
Full time employees - | Website https://www.kkrreit.com |
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. The company engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans. It 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.

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