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KKR Real Estate Finance Trust stock: balance sheet and debt

KREF
$5.36Closing price of 12 Nov 2026MEQIRI Score 32 out of 100

KKR Real Estate Finance Trust has a debt to equity ratio of 3.83 and an interest coverage of 0.8x.

Daily figure as of 13 Nov 2026

Debt / Equity
3.83
Interest coverage
0.8x
Current ratio
0.32
Cash & equivalents
$84.62M
Total assets
$6.46B
Equity ratio
19%
Goodwill
not reported separately
Net debt
$4.61B

Total assets and equity ratio

How large the balance sheet of KKR Real Estate Finance Trust Inc. is, how much of it is equity and how much is goodwill from acquisitions.

Equity ratio

Figures as a table
YearTotal assetsGoodwill and intangible assetsof which goodwillEquity ratioNet debt
2014$17.04Mnot reported separatelynot reported separately95.0%−$61K
2015$4.72Bnot reported separatelynot reported separately6.2%$4.39B
2016$6.27Bnot reported separatelynot reported separately8.1%$5.66B
2017$7.39Bnot reported separatelynot reported separately14.4%$6.12B
2018$5.23Bnot reported separatelynot reported separately21.7%$3.88B
2019$5.06Bnot reported separatelynot reported separately22.2%$3.76B
2020$4.97Bnot reported separatelynot reported separately21.1%$3.7B
2021$6.7Bnot reported separatelynot reported separately20.3%$5.02B
2022$7.8Bnot reported separatelynot reported separately20.1%$5.92B
2023$7.55Bnot reported separatelynot reported separately18.6%$5.92B
2024$6.35Bnot reported separatelynot reported separately22.0%$4.79B
2025$6.46Bnot reported separatelynot reported separately19.0%$4.61B

The equity ratio divides total equity, including non-controlling interests, by total assets. Net debt is debt minus cash and short-term investments; a negative figure means cash exceeds debt.

Equity and debt

What the company owns and owes

  • Cash & equivalents
  • Equity
  • Debt
Figures as a table
YearCash & equivalentsEquityDebtDebt / Equity
2014$61K$15.38M$00
2015$26.79M$281.46M$4.42B15.18
2016$96.35M$497.7M$5.75B11.32
2017$103.52M$1.06B$6.22B5.85
2018$86.53M$1.14B$3.97B3.5
2019$67.62M$1.12B$3.83B3.41
2020$110.83M$1.05B$3.81B3.65
2021$271.49M$1.36B$5.29B3.89
2022$239.79M$1.57B$6.16B3.92
2023$135.9M$1.4B$6.06B4.32
2024$104.93M$1.35B$4.9B3.5
2025$84.62M$1.17B$4.69B3.83

Debt to equity divides debt by total equity, including non-controlling interests, as S&P calculates it. The equity column shows the part that belongs to shareholders.

Data status and sources

Score
Daily value of 13 Nov 2026, recalculated nightly
Price
Closing price of 12 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 28 Mar 2025)
  • Valuation signal Fairly valued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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