KREF
KKR Real Estate Finance Trust Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-37/100
Last price
6.26
▲ 0.18 (2.96%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
6.08
Prev close
6.08
Day high
6.27
Day low
6.03
Volume
863.82K
Market cap
$366.70M
P/E (TTM)
—
52W range
5.25 – 9.11
Day trading desk
Gap from prior close
0.00%
Prior close 6.08
VWAP
6.23
+0.42% from price
Relative volume
2.06×
Unusually busy
Session range
4.07%
6.03 – 6.27
Position in range
96%
Near session high
ATR (14D)
0.26
4.08% of price
Prior day high
6.17
PDH
Prior day low
6.04
PDL
Bid / ask spread
—
Quote not published
Session volume
1.92M
Avg 935.90K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-1.88%
-3.8%
1M
-18.17%
-19.3%
3M
-12.81%
-17.3%
6M
+2.45%
-15.7%
YTD
-23.84%
-38.1%
1Y
-30.83%
-47.2%
3Y
-47.26%
-129.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on KREF open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
4.72M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Apr 24, 26 | SALEM MATTHEW A Chief Executive Officer |
BUY | 60.00K | $362.47K | Direct |
| Apr 24, 26 | MATTSON W PATRICK President |
BUY | 40.00K | $241.07K | Direct |
| Apr 14, 26 | AHERN TERRANCE R Director |
STOCK | 16.69K | $0 | Direct |
| Apr 14, 26 | LANGER JONATHAN A Director |
STOCK | 16.69K | $0 | Direct |
| Apr 14, 26 | ESTEVES IRENE M Director |
STOCK | 16.69K | $0 | Direct |
| Apr 14, 26 | MCANENY DEBORAH H Director |
STOCK | 16.69K | $0 | Direct |
| Apr 14, 26 | MADOFF PAULA Director |
STOCK | 16.69K | $0 | Direct |
| Dec 18, 25 | SALEM MATTHEW A Chief Executive Officer |
STOCK | 81.25K | $0 | Direct |
| Dec 18, 25 | MATTSON W PATRICK President |
STOCK | 73.50K | $0 | Direct |
| Dec 18, 25 | DECIOUS KENDRA Chief Financial Officer |
STOCK | 24.00K | $0 | Direct |
| Dec 3, 25 | ROSENBERG RALPH F. Director |
SELL | 250.58K | $2.07M | |
| Nov 7, 25 | LEE CHRISTEN E.J. Director |
BUY | 10.00K | $77.98K | Direct |
| Nov 6, 25 | AHERN TERRANCE R Director |
BUY | 23.70K | $185.20K | Direct |
| Nov 6, 25 | SALEM MATTHEW A Chief Executive Officer |
BUY | 32.00K | $250.96K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AHERN TERRANCE R |
Director | 79.25K | Stock Award(Grant) |
DECIOUS KENDRA |
Chief Financial Officer | 80.24K | Stock Award(Grant) |
ESTEVES IRENE M |
Director | 69.97K | Stock Award(Grant) |
GALLIGAN KELLY |
General Counsel | 3.50K | Stock Award(Grant) |
LANGER JONATHAN A |
Director | 73.51K | Stock Award(Grant) |
LEE CHRISTEN E.J. |
Director | 254.17K | Purchase |
MADOFF PAULA |
Director | 70.18K | Stock Award(Grant) |
MATTSON W PATRICK |
President | 500.29K | Purchase |
MCANENY DEBORAH H |
Director | 80.10K | Stock Award(Grant) |
SALEM MATTHEW A |
Chief Executive Officer | 703.08K | Purchase |
Fundamentals
Market cap$366.70M
Enterprise value$4.97B
Revenue (TTM)$-72.42M
Gross profit$-102.97M
EBITDA—
Net income$-207.58M
EPS (TTM)$-3.26
Free cash flow—
Total cash$84.06M
Total debt$4.32B
Book value / share$10.47
Shares outstanding58.58M
Float41.38M
Short % of float14.94%
Dividend yield6.39%
Beta (5Y)0.93
Valuation & profitability ratios
Trailing P/E—
Forward P/E178.86
PEG ratio—
Price / sales—
Price / book0.60
EV / revenue-68.69
EV / EBITDA—
Gross margin0.00%
Operating margin135.83%
Profit margin0.00%
Return on equity-16.52%
Return on assets-2.83%
Debt / equity435.78
Current ratio4.39
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $112.98M | $155.17M | $175.22M | $174.73M | -27.2% |
| Operating revenue | $112.98M | $155.17M | $175.22M | $174.73M | -27.2% |
| Selling, general & admin | $18.06M | $18.41M | $18.79M | $17.62M | -1.9% |
| Pre-tax income | -$50.65M | $34.58M | -$30.95M | $37.65M | -246.5% |
| Tax provision | -$156.00K | $248.00K | $710.00K | $58.00K | -162.9% |
| Net income | -$47.05M | $35.59M | -$30.85M | $38.10M | -232.2% |
| Net income to common | -$69.89M | $13.07M | -$53.92M | $15.37M | -634.7% |
| Basic EPS | -1.05 | 0.19 | -0.78 | 0.23 | -652.6% |
| Diluted EPS | -1.05 | 0.19 | -0.78 | 0.23 | -652.6% |
| Basic shares | 66.81M | 69.40M | 69.18M | 67.55M | -3.7% |
| Diluted shares | 66.81M | 69.40M | 69.18M | 67.55M | -3.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $84.62M | $104.93M | $135.90M | $88.79M | -19.4% |
| Accounts receivable | $27.68M | $28.75M | $41.00M | $39.01M | -3.7% |
| Total assets | $6.46B | $6.35B | $7.55B | $7.80B | +1.8% |
| Current debt | $0 | $80.00M | $160.00M | — | -100.0% |
| Long-term debt | $4.13B | $3.78B | $4.43B | $6.16B | +9.2% |
| Total debt | $4.13B | $3.86B | $4.59B | $6.16B | +6.9% |
| Total liabilities | $5.24B | $4.95B | $6.14B | $6.23B | +5.8% |
| Retained earnings | -$506.13M | -$370.47M | -$314.37M | -$141.50M | -36.6% |
| Shareholder equity | $1.17B | $1.35B | $1.40B | $1.57B | -12.8% |
| Net tangible assets | $1.17B | $1.35B | $1.40B | $1.57B | -12.8% |
| Shares issued | 65.49M | 68.71M | 75.30M | 75.08M | -4.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$50.49M | $34.33M | -$31.66M | $37.59M | -247.1% |
| Depreciation & amortisation | $2.60M | $983.00K | $0 | $0 | +164.9% |
| Stock-based compensation | $7.93M | $8.26M | $8.07M | $7.83M | -4.0% |
| Change in working capital | -$5.00M | $10.06M | -$177.00K | -$12.29M | -149.8% |
| Operating cash flow | $72.28M | $132.56M | $155.72M | $141.13M | -45.5% |
| Capital expenditure | -$5.58M | -$8.11M | -$1.86M | -$1.66M | +31.1% |
| Investing cash flow | $264.29M | $1.12B | $13.49M | -$1.18B | -76.3% |
| Share buybacks | -$43.41M | -$10.03M | $0 | -$35.79M | -332.9% |
| Dividends paid | -$88.16M | -$103.10M | -$140.16M | -$136.91M | +14.5% |
| Financing cash flow | -$355.78M | -$1.29B | -$271.51M | $1.01B | +72.4% |
| Free cash flow | $66.70M | $124.46M | $153.85M | $139.46M | -46.4% |
| End cash position | $87.34M | $106.55M | $148.31M | $250.62M | -18.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | -$28.20M | $28.43M | $26.70M | $25.90M | $30.75M | — | -199.2% |
| Operating revenue | -$28.20M | $28.43M | $26.70M | $25.90M | $30.75M | — | -199.2% |
| Selling, general & admin | $4.65M | $4.58M | $3.80M | $4.75M | $4.68M | — | +1.5% |
| Pre-tax income | -$117.33M | -$57.16M | -$27.09M | $12.77M | -$30.57M | — | -105.3% |
| Tax provision | $0 | $0 | -$156.00K | $0 | $0 | — | — |
| Net income | -$116.36M | -$56.14M | -$26.24M | $13.78M | -$29.73M | — | -107.3% |
| Net income to common | -$121.79M | -$61.88M | -$31.99M | $8.08M | -$35.42M | — | -96.8% |
| Basic EPS | -1.95 | -0.96 | — | 0.12 | -0.53 | -0.15 | -103.1% |
| Diluted EPS | -1.95 | -0.96 | — | 0.12 | -0.53 | -0.15 | -103.1% |
| Basic shares | 62.46M | 64.67M | — | 65.88M | 67.19M | 68.77M | -3.4% |
| Diluted shares | 62.46M | 64.67M | — | 65.88M | 67.19M | 68.77M | -3.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $83.06M | $135.44M | $84.62M | $204.09M | $107.72M | -38.7% |
| Accounts receivable | $27.86M | $33.21M | $27.68M | $28.15M | $28.48M | -16.1% |
| Total assets | $6.56B | $6.95B | $6.46B | $6.48B | $6.76B | -5.6% |
| Current debt | $350.00M | $200.00M | $0 | $0 | $40.00M | +75.0% |
| Long-term debt | $4.27B | $4.53B | $4.13B | $3.57B | $4.27B | -5.9% |
| Total debt | $4.62B | $4.73B | $4.13B | $3.57B | $4.31B | -2.4% |
| Total liabilities | $5.57B | $5.80B | $5.24B | $5.20B | $5.46B | -3.9% |
| Retained earnings | -$711.73M | -$584.08M | -$506.13M | -$458.05M | -$449.82M | -21.9% |
| Shareholder equity | $931.77M | $1.10B | $1.17B | $1.23B | $1.24B | -15.0% |
| Net tangible assets | $931.77M | $1.10B | $1.17B | $1.23B | $1.24B | -15.0% |
| Shares issued | 64.30M | 64.28M | 65.49M | 65.23M | 65.68M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$117.33M | -$57.16M | -$26.94M | $12.77M | -$30.57M | -105.3% |
| Depreciation & amortisation | $992.00K | $979.00K | $893.00K | $730.00K | $491.00K | +1.3% |
| Stock-based compensation | $1.90M | $1.81M | $1.49M | $2.17M | $2.14M | +5.0% |
| Change in working capital | $4.24M | -$4.30M | -$907.00K | $1.01M | $913.00K | +198.6% |
| Operating cash flow | $14.62M | $13.14M | $16.73M | $18.50M | $21.13M | +11.2% |
| Capital expenditure | -$22.06M | -$2.94M | -$2.71M | -$980.00K | -$613.00K | -650.2% |
| Investing cash flow | $169.96M | $249.47M | -$135.47M | $383.55M | $236.68M | -31.9% |
| Share buybacks | -$38.12M | -$762.00K | -$9.27M | -$4.24M | -$20.06M | -4,902.2% |
| Dividends paid | -$21.39M | -$21.42M | -$21.63M | -$21.75M | -$22.28M | +0.1% |
| Financing cash flow | -$237.57M | -$212.61M | -$1.06M | -$304.88M | -$255.19M | -11.7% |
| Free cash flow | -$7.44M | $10.20M | $14.03M | $17.52M | $20.51M | -172.9% |
| End cash position | $84.35M | $137.34M | $87.34M | $207.14M | $109.96M | -38.6% |
Options analytics
Put / call volume
10.33
Put-heavy session
Put / call open interest
5.00
Positioning, not flow
Max pain
10.00
+59.7% from spot
ATM implied vol
25.0%
Nearest strike to spot
Skew (10% OTM)
+25.0%
Puts bid over calls
Call volume
3
Contracts, this expiry
Put volume
31
Contracts, this expiry
Heaviest call OI
10.00
5 contracts
Heaviest put OI
10.00
25 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.47 | -0.58 | -22.8% |
| Mar 2026 | 0.18 | -0.06 | -133.0% |
| Dec 2025 | 0.13 | 0.22 | +65.0% |
| Sep 2025 | 0.02 | -0.03 | -266.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.05 | 4 | $14.42M | -43.1% |
| Next quarter | -0.10 | 4 | $13.47M | -47.8% |
| Current year | -0.70 | 4 | $72.23M | -35.9% |
| Next year | 0.04 | 4 | $56.37M | -22.0% |
Analyst targets & ownership
Mean target$7.75
High target$9.50
Low target$7.00
Implied upside23.80%
Analyst count4
ConsensusBUY
Strong buy / Buy0 / 2
Hold3
Sell / Strong sell0 / 1
Held by insiders8.06%
Held by institutions90.74%
Institutions holding205
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
6.22
+0.61% from price
SMA 20
6.60
-5.17% from price
SMA 50
7.12
-12.13% from price
SMA 100
7.06
-11.33% from price
SMA 200
7.10
-11.80% from price
EMA 12
6.36
-1.61% from price
EMA 26
6.67
-6.15% from price
EMA 50
6.90
-9.30% from price
RSI (14)
36.3
Neutral
MACD (12,26,9)
-0.31
Hist -0.02
ATR (14)
0.26
4.08% of price
Realised vol 30D
35.4%
Annualised
Bollinger upper
7.43
20, 2σ
Bollinger lower
5.77
20, 2σ
50 / 200 cross
Golden
7.12 vs 7.10
Trend bias
Below 200
-11.80%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.79
Less volatile than market
Correlation to SPY
0.31
Loosely linked
Realised vol 30D
35.4%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-34.2%
Peak to trough
Max drawdown 5Y
-74.3%
Peak to trough
ATR 14
0.26
4.08% of price
Beta (reported)
0.93
5Y monthly, from filing
Short interest
Shares short
5.66M
Prior 5.38M
Change vs prior
+5.2%
Shorts adding
% of float
14.94%
Elevated
% of shares out
9.66%
Against total outstanding
Days to cover
10.3
Crowded exit
Float
41.38M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 24, 26 | JP Morgan | MAINTAINED | Underweight | Underweight |
| Jul 23, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 17, 26 | JP Morgan | DOWNGRADE | Neutral | Underweight |
| Apr 28, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 27, 26 | Citizens | DOWNGRADE | Market Outperform | Market Perform |
| Apr 24, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Apr 16, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Apr 8, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Mar 23, 26 | Citizens | MAINTAINED | Market Outperform | Market Outperform |
| Feb 5, 26 | JP Morgan | MAINTAINED | Neutral | Neutral |
| Feb 5, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Feb 5, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$0.40 / yr
Forward yield6.39%
5-year avg yield11.37%
Payout ratio625.00%
Ex-dividend dateSep 30, 2026
Next pay dateOct 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-07-21
Periodic Financial Reports
10-Q · 2026-04-22
Corporate Changes & Voting Matters
8-K · 2026-04-16
Proxy Statements
DEF 14A · 2026-03-03
Corporate Changes & Voting Matters
8-K · 2026-02-03
Corporate Changes & Voting Matters
8-K · 2026-01-09
Periodic Financial Reports
10-Q · 2025-10-21
Corporate Changes & Voting Matters
8-K · 2025-09-11
Headlines
KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.10 Per Share of Common Stock
Business Wire · 18d ago
5 Cheap REITs With Dividends Above 3% to Buy on the Dip
Zacks · 19d ago
Mavik Bets on KKR Real Estate Lender’s Strategic Review
CRE Daily · 48d ago
Surging Earnings Estimates Signal Upside for KKR Real Estate (KREF) Stock
Zacks · 58d ago
Raymond James Upgrades KKR Real Estate Finance Trust to Strong Buy From Market Perform
MT Newswires · 62d ago
KKR Real Estate Finance Trust (KREF) Stock Sees Fair Value Lift As Analysts Split On Rates
Simply Wall St. · 66d ago
KKR Real Estate Finance Trust Weighs Sale or Merger Options
CRE Daily · 76d ago
KKR Real Estate Finance Trust Inc (KREF) Q2 2026 Earnings Call Highlights: Navigating ...
GuruFocus.com · 76d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.