5.70
+0.71%
Close of 9 Nov 2026, in USD
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About KKR Real Estate Finance Trust
From its filings with the US Securities and Exchange Commission
KKR Real Estate Finance Trust is based in New York, New York and is incorporated in Maryland. Its shares trade on NYSE under the ticker KREF. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported a net loss of $47.1m. At that date it held total assets of $6.46bn and shareholders' equity of $1.17bn.
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.
We are organized as a holding company externally managed by our Manager, an indirect subsidiary of KKR, and operate our business primarily through various subsidiaries in a single segment that originates, acquires, and finances our target assets.
We conduct our operations as a REIT for federal income tax purposes while operating our business in a manner that allows us to maintain an exclusion from registration under the Investment Company Act of 1940, as amended, (the "Investment Company Act"). We generally will not be subject to U.S. federal income taxes on the portion of our annual net taxable income that we distribute to stockholders if we maintain our qualification as a REIT.
Quoted from its 10-K, filed 3 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Mortgage Real Estate Investment Trusts (REITs)
- Listed since
- 5 May 2017
- Website
- kkrreit.com ↗
- Head office
- 30 HUDSON YARDS, NEW YORK, NY, 10001
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Ralph RosenbergChairman of the Board
- Mr. W. Patrick MattsonPresident, Chief Operating Officer$828,345
- Mr. Matthew SalemChief Executive Officer, Director, since 2015$915,688
- Mr. Christen LeeVice Chairman of the Board, since 2015$1.3m
- Ms. Kendra DeciousChief Financial Officer, Treasurer$725,391
- Ms. Kelly GalliganGeneral Counsel, Company Secretary$39,445
- Mr. Terrance AhernIndependent Director$217,500
- Ms. Irene EstevesIndependent Director$235,000
- Mr. Jonathan LangerIndependent Director$230,000
- Ms. Paula MadoffIndependent Director$237,500
- Ms. Deborah McanenyIndependent Director$265,000
- Mr. Jack SwitalaIR Contact Officer, since 2022
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 31
- Environment
- 2
- Social
- 31
- Governance
- 60
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- KKR Real Estate Finance Trust Inc has several key strengths that contribute to its success in the real estate finance industry. Firstly, the company benefits from the extensive experience and expertise of its management team, who possess in-depth knowledge of the market and strong industry connections. This allows them to make informed investment decisions and seize profitable opportunities. Secondly, KKR Real Estate Finance Trust Inc has a diversified portfolio of high-quality real estate assets, which helps spread risk and stabilize its financial performance. The company's strong financial position and access to capital also enable it to pursue strategic acquisitions and investments.
Weaknesses
- Despite its strengths, KKR Real Estate Finance Trust Inc faces several weaknesses that could hinder its growth. Firstly, the company operates in a highly competitive market, which increases the risk of losing potential deals and market share to competitors. Secondly, KKR Real Estate Finance Trust Inc's success is highly dependent on the overall performance of the real estate market, making it vulnerable to economic downturns and market fluctuations. Additionally, the company's heavy reliance on debt financing exposes it to interest rate risk. Any unfavorable changes in interest rates could negatively impact its profitability and financial stability.
Opportunities
- KKR Real Estate Finance Trust Inc has several opportunities to capitalize on in the real estate finance industry. Firstly, the increasing demand for real estate investments, driven by population growth and urbanization, presents a favorable market environment for the company to expand its portfolio. Additionally, technological advancements and the rise of digital platforms offer new avenues for KKR Real Estate Finance Trust Inc to enhance its operational efficiency and customer reach. Moreover, the company can leverage its strong financial position to secure attractive investment opportunities and pursue strategic partnerships with other industry players.
Threats
- Alongside opportunities, KKR Real Estate Finance Trust Inc also faces various threats that could impact its business. Firstly, regulatory changes and government policies regarding real estate financing may impose new restrictions or increase compliance costs, posing potential challenges for the company. Secondly, fluctuations in interest rates and credit markets could negatively affect KKR Real Estate Finance Trust Inc's borrowing costs and access to capital. Furthermore, unexpected economic downturns or geopolitical events may disrupt the real estate market and affect the value of the company's assets. Lastly, competition from established players and emerging fintech startups could intensify, potentially eroding KKR Real Estate Finance Trust Inc's market share and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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