KKR Real Estate Finance Trust Inc.KREF
What KKR Real Estate Finance Trust Inc. does.
KREF is a real estate finance company that focuses primarily on originating and acquirin g transitional senior loans secured by institutional-quality commercial real estate ("CRE") properties that are owned and operated by experienced and well-capitalized sponsors and located in top markets with strong underlying fundamentals. Our target assets also include mezzanine loans, preferred equity and other debt-oriented instruments with these characteristics. Our investment objective is capital preservation and the generation of attractive risk-adjusted returns for our stockholders over the long term, primarily through dividends.
We began our investment activities in October 2014 with an initial commitment of $400.0 million from KKR. We raised an additional $438.1 million in equity commitments from third-party investors and certain current and former employees of, and consultants to, KKR that brought our total committed capital base to $838.1 million, which was fully drawn prior to our initial public offering ("IPO") that generated net proceeds of $225.9 million on May 5, 2017. We had a common book value of $844.8 million as of December 31, 2025 and established a diversified investment portfolio which totaled $5,924.2 million, consisting primarily of performing senior commercial real estate loans.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net income | $54.4M | $137.2M | $38.1M | -$30.9M | $35.6M | -$47.1M |
More on KREF.
- KKR Real Estate Finance Trust Inc. summary
- KKR Real Estate Finance Trust Inc. financial statements
- KKR Real Estate Finance Trust Inc. key metrics
- KKR Real Estate Finance Trust Inc. health scores and style box
- KKR Real Estate Finance Trust Inc. earnings
- KKR Real Estate Finance Trust Inc. dividends
- KKR Real Estate Finance Trust Inc. valuation
- KKR Real Estate Finance Trust Inc. ownership and insiders
- KKR Real Estate Finance Trust Inc. peers
Figures from KKR Real Estate Finance Trust Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.