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KKR Real Estate Finance Trust Inc.

KREF Real Estate Real Estate Investment Trusts
$5.76
▲ +5.1% Today
as of Oct 23, 16:49 ET
Last 30 days -19.44% Sep 14 → Oct 23
$5.35 $5.83 $6.32 $6.80 $7.28 Sep 14 Sep 22 Sep 30 Oct 07 Oct 15 Oct 23
Open
$5.65
High
$5.79
Low
$5.58
Volume
$537,484
Avg Vol
$1M
Mkt Cap
$365M
P/E (TTM)
—
Beta
—
52w High
$9.11
52w Low
$5.25
Div Yield
—
Shares Out
$59M

Recent Press Releases & News last 60 days · 3 items

Oct 20 · 20:15 PR Business Wire
KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend
Oct 14 · 20:15 PR Business Wire
KKR Real Estate Finance Trust Inc. to Announce Third Quarter 2026 Results
Sep 18 · 20:15 PR Business Wire
KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.10 Per Share of Common Stock

KREF earnings at a glance

The options market is pricing a move of about ±42.4% after the report, a range of roughly $3.32 to $8.20 from today's $5.76. Over its last 6 reports the stock rose the next day 1 time and fell 5, moving ±3.3% on average; after the most recent report on Jul 21, 2026 it moved -2.4%. That means options currently expect more movement than KREF has typically delivered. KREF beat the consensus EPS estimate in 1 of its last 6 reported quarters. Implied volatility is currently 359%. The share price of $5.76 sits near its 52-week low.

More Real Estate stocks · All stocks · Earnings calendar

Overview

52-week range
$5.25
$9.11
13% of range
Avg surprise (last 6)
-128.2%
Avg reaction (last 6)
-3.2%
17% positive
Latest IV / EM
359%
EM ±42.4% · $8 · Oct 16

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.68$-0.46$-0.24$-0.02$0.20 Actual $-0.15Est $0.17Actual $-0.53Est $-0.16Actual $-0.06Est $-0.02Actual $0.20Est $0.10Actual $-0.09Est $0.06Actual $-0.60Est $-0.68 Mar/2025Jun/2025Sep/20258K8KJun/2026
Revenue vs Net Income Revenue Net income
$-116M$-89M$-61M$-33M$-5M Mar 25Jun 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue Jul 21, 2026Jun/2026 $-0.60 $-0.68 0.0% -28.3% -2.4% earnings
Wed Apr 22, 20268K 2026-04-22 $-0.09 $0.06 -250.0% — -9.1% earnings
Tue Feb 3, 20268K 2026-02-03 $0.20 $0.10 +100.0% — -3.7% earnings
Tue Oct 21, 2025Sep/2025 $-0.06 $-0.02 -200.0% — -0.6% earnings
Tue Jul 22, 2025Jun/2025 $-0.53 $-0.16 -231.2% — +0.2% earnings
Wed Apr 23, 2025Mar/2025 $-0.15 $0.17 -188.2% — -3.7% earnings

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue————————
Cost of revenue————————
Gross profit————————
Operating income————————
Net income$-116M$-56M——$-30M$-5M——
EPS (diluted)$-1.95$-0.96——$-0.53$-0.15——

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$83M$135M$85M$204M$108M$106M$105M$109M
Inventory————————
Total current assets————————
Total assets$6.56B$6.95B$6.46B$6.48B$6.76B$6.55B$6.35B$6.77B
Long-term debt————————
Total liabilities$5.57B$5.80B$5.24B$5.20B$5.46B$5.19B$4.95B$5.36B
Total equity$932M$1.15B$1.17B$1.23B$1.29B$1.36B$1.35B$1.41B

Implied volatility — last 90 days

14%169%323%478%633% Jun 07 — IV 104% · EM ±14.5%Jun 08 — IV 109% · EM ±14.3%Jun 09 — IV 123% · EM ±15.4%Jun 10 — IV 101% · EM ±11.9%Jun 11 — IV 102% · EM ±11.3%Jun 12 — IV 210% · EM ±21.4%Jun 17 — IV 634% · EM ±26.5%Jun 19 — IV 77% · EM ±17.0%Jun 22 — IV 86% · EM ±17.9%Jun 23 — IV 83% · EM ±17.1%Jun 24 — IV 82% · EM ±16.3%Jun 25 — IV 95% · EM ±18.6%Jun 26 — IV 69% · EM ±13.2%Jun 29 — IV 88% · EM ±15.6%Jun 30 — IV 115% · EM ±19.7%Jul 01 — IV 63% · EM ±10.5%Jul 02 — IV 84% · EM ±13.5%Jul 03 — IV 86% · EM ±13.5%Jul 06 — IV 97% · EM ±13.5%Jul 07 — IV 90% · EM ±11.9%Jul 08 — IV 78% · EM ±9.7%Jul 09 — IV 64% · EM ±7.6%Jul 10 — IV 49% · EM ±5.4%Jul 13 — IV 57% · EM ±4.8%Jul 14 — IV 28% · EM ±2.0%Jul 15 — IV 47% · EM ±2.7%Jul 20 — IV 64% · EM ±15.2%Jul 21 — IV 46% · EM ±10.8%Jul 22 — IV 35% · EM ±8.1%Jul 23 — IV 56% · EM ±12.6%Jul 24 — IV 43% · EM ±9.5%Jul 27 — IV 65% · EM ±13.7%Jul 28 — IV 50% · EM ±10.2%Jul 29 — IV 138% · EM ±27.6%Jul 30 — IV 72% · EM ±14.2%Jul 31 — IV 98% · EM ±18.7%Aug 03 — IV 62% · EM ±11.1%Aug 04 — IV 69% · EM ±11.9%Aug 05 — IV 68% · EM ±11.4%Aug 06 — IV 67% · EM ±10.9%Aug 10 — IV 14% · EM ±2.0%Aug 11 — IV 80% · EM ±10.6%Aug 13 — IV 92% · EM ±10.9%Aug 14 — IV 95% · EM ±10.5%Aug 17 — IV 128% · EM ±10.7%Aug 24 — IV 32% · EM ±6.7%Aug 25 — IV 35% · EM ±7.2%Aug 27 — IV 37% · EM ±7.2%Aug 28 — IV 38% · EM ±7.2%Aug 31 — IV 41% · EM ±7.3%Sep 01 — IV 42% · EM ±7.3%Sep 04 — IV 38% · EM ±5.9%Sep 07 — IV 42% · EM ±5.9%Sep 08 — IV 41% · EM ±5.4%Sep 09 — IV 43% · EM ±5.4%Sep 15 — IV 363% · EM ±26.3%Sep 17 — IV 334% · EM ±13.9%Sep 21 — IV 117% · EM ±24.4%Sep 22 — IV 140% · EM ±28.7%Sep 23 — IV 235% · EM ±47.0%Sep 24 — IV 228% · EM ±44.7%Sep 25 — IV 239% · EM ±45.7%Sep 28 — IV 230% · EM ±40.7%Sep 29 — IV 228% · EM ±39.2%Sep 30 — IV 275% · EM ±45.9%Oct 01 — IV 259% · EM ±41.9%Oct 02 — IV 265% · EM ±41.4%Oct 06 — IV 339% · EM ±44.7%Oct 07 — IV 340% · EM ±42.5%Oct 08 — IV 359% · EM ±42.4%

Sector peers

CHCT
Community Healthcare Trust Incorporated
$389M $13.00+2.9%
TCI
Transcontinental Realty Investors, Inc.
$396M $48.45+0.2%
FVR
FrontView REIT, Inc.
$400M $17.74+3.0%
LAND
Gladstone Land Corporation
$413M $8.87+3.4%
PINE
Alpine Income Property Trust, Inc.
$316M $16.16-5.6%
RWT
Redwood Trust, Inc.
$420M $3.18+5.7%

KREF earnings FAQ

What is KREF's expected move for earnings?

Options currently price a move of about ±42.4%, or $2.44 per share either way from $5.76.

How does KREF stock usually react to earnings?

Across the last 6 reports the average next-day move was ±3.3%, up 1 times and down 5 times.

What is KREF's implied volatility?

KREF's at-the-money implied volatility is about 359% based on the latest options snapshot.

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