KKR Real Estate Finance Trust Inc. (KREF) Earnings History
Annual and quarterly earnings data from 2014 to 2025
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KREF EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
KREF Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 88.3% | 59.3% | -10.3% |
| 2024 | 91.6% | 75.3% | 6.0% |
| 2023 | 94.0% | 64.6% | -4.7% |
| 2022 | 91.4% | 61.6% | 8.7% |
| 2021 | 89.6% | 86.1% | 48.0% |
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KKR Real Estate Finance Trust Inc. (KREF) Earnings Overview
As of May 8, 2026, KKR Real Estate Finance Trust Inc. (KREF) reported trailing twelve-month net income of -$104M, reflecting -652.6% year-over-year growth. The company earned $-1.61 per diluted share over the past four quarters, with a net profit margin of -10.3%.
Looking at the long-term picture, KREF's historical earnings data spans multiple years. The company achieved its highest annual net income of $137M in fiscal 2021.
KKR Real Estate Finance Trust Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including BXMT ($104M net income, 7.2% margin), STWD ($412M net income, 21.9% margin), RC (-$229M net income, -45.8% margin), KREF has room to improve margins relative to the peer group. Compare KREF vs BXMT →
KREF Earnings vs Peers
Earnings metrics vs comparable public companies
KREF Historical Earnings Data (2014–2025)
12 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | -$47M | -232.2% | $272M | $-1.05 | -10.3% | 59.3% |
| 2024 | $36M | +215.4% | $446M | $0.19 | 6.0% | 75.3% |
| 2023 | -$31M | -181.0% | $426M | $-0.78 | -4.7% | 64.6% |
| 2022 | $38M | -72.2% | $269M | $0.23 | 8.7% | 61.6% |
| 2021 | $137M | +152.2% | $246M | $2.21 | 48.0% | 86.1% |
| 2020 | $54M | -39.5% | $182M | $0.96 | 20.2% | 67.3% |
| 2019 | $90M | +0.2% | $245M | $1.57 | 32.6% | 88.8% |
| 2018 | $90M | +51.9% | $172M | $1.63 | 45.3% | 86.7% |
| 2017 | $59M | +89.6% | $60M | $1.30 | 70.2% | 71.7% |
| 2016 | $31M | +85.9% | $33M | $0.60 | 93.9% | 98.4% |
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Start ComparisonKREF — Frequently Asked Questions
Quick answers to the most common questions about buying KREF stock.
Is KREF growing earnings?
KREF EPS fell to $-1.61, with earnings declining -652.6%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $-104M.
What are KREF's profit margins?
KKR Real Estate Finance Trust Inc. net margin is -10.3%, with operating margin at +59.3%. Below-average margins reflect competitive or cost pressures.
How consistent are KREF's earnings?
KREF earnings data spans 2014-2025. The declining earnings trend is -652.6% YoY. Historical data enables comparison across business cycles.