KKR Real Estate Finance Trust annual net debt
2016
2017
2022
2023
2024
2025
KKR Real Estate Finance Trust Net Debt Growth & History (KREF)
KKR Real Estate Finance Trust's net debt was $4.05B for fiscal 2025.
View full KKR Real Estate Finance Trust company overviewKKR Real Estate Finance Trust annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $4.05B | $287.3M | +7.64% |
| 2024 | 2024-12-31 | $3.76B | −$691.5M | −15.54% |
| 2023 | 2023-12-31 | $4.45B | −$1.47B | −24.88% |
| 2022 | 2022-12-31 | $5.92B | — | — |
| 2017 | 2017-12-31 | $6.12B | $462.1M | +8.17% |
| 2016 | 2016-12-31 | $5.66B | — | — |
KKR Real Estate Finance Trust quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $4.53B | $325.8M | +7.74% |
| Q1 2026 | 2026-03-31 | $4.60B | — | — |
| Q4 2025 | 2025-12-31 | $4.05B | — | — |
| Q3 2025 | 2025-09-30 | $3.37B | — | — |
| Q2 2025 | 2025-06-30 | $4.21B | — | — |
| Q1 2018 | 2018-03-31 | $6.42B | $650.6M | +11.28% |
| Q4 2017 | 2017-12-31 | $6.12B | $462.1M | +8.17% |
| Q3 2017 | 2017-09-30 | $5.98B | — | — |
| Q2 2017 | 2017-06-30 | $5.47B | — | — |
| Q1 2017 | 2017-03-31 | $5.77B | — | — |
| Q4 2016 | 2016-12-31 | $5.66B | — | — |
KKR Real Estate Finance Trust net debt trends
Between the periods ended 2016-12-31 and 2025-12-31, KKR Real Estate Finance Trust's net debt decreased from $5.66B to $4.05B, a change of −$1.61B. The latest reported quarter, Q2 2026, shows $4.53B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review KKR Real Estate Finance Trust source filings ↗