KKR Real Estate Finance Trust annual debt-to-equity ratio
2016
2017
2022
2023
2024
2025
KKR Real Estate Finance Trust Debt-to-Equity Ratio Growth & History (KREF)
KKR Real Estate Finance Trust's debt-to-equity ratio was 3.52 for fiscal 2025.
View full KKR Real Estate Finance Trust company overviewKKR Real Estate Finance Trust annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 3.52 | 0.65 | +22.64% |
| 2024 | 2024-12-31 | 2.87 | −0.39 | −12.01% |
| 2023 | 2023-12-31 | 3.26 | −0.66 | −16.77% |
| 2022 | 2022-12-31 | 3.92 | — | — |
| 2017 | 2017-12-31 | 5.87 | −5.68 | −49.18% |
| 2016 | 2016-12-31 | 11.56 | — | — |
KKR Real Estate Finance Trust quarterly debt-to-equity ratio
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 4.95 | 1.47 | +42.37% |
| Q1 2026 | 2026-03-31 | 4.32 | — | — |
| Q4 2025 | 2025-12-31 | 3.52 | — | — |
| Q3 2025 | 2025-09-30 | 2.90 | — | — |
| Q2 2025 | 2025-06-30 | 3.48 | — | — |
| Q1 2018 | 2018-03-31 | 6.13 | −3.02 | −33.00% |
| Q4 2017 | 2017-12-31 | 5.87 | −5.68 | −49.18% |
| Q3 2017 | 2017-09-30 | 5.72 | — | — |
| Q2 2017 | 2017-06-30 | 5.19 | — | — |
| Q1 2017 | 2017-03-31 | 9.15 | — | — |
| Q4 2016 | 2016-12-31 | 11.56 | — | — |
KKR Real Estate Finance Trust debt-to-equity ratio trends
Between the periods ended 2016-12-31 and 2025-12-31, KKR Real Estate Finance Trust's debt-to-equity ratio decreased from 11.56 to 3.52, a change of −8.04. The latest reported quarter, Q2 2026, shows 4.95.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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