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KREF (KKR Real Estate Finance Trust) Cyclically Adjusted Price-to-FCF : 5.06 (As of Jun. 02, 2025)


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What is KKR Real Estate Finance Trust Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), KKR Real Estate Finance Trust's current share price is $8.81. KKR Real Estate Finance Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 was $1.74. KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF for today is 5.06.

The historical rank and industry rank for KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

KREF' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 5.13   Med: 6.3   Max: 6.54
Current: 5.13

During the past 10 years, KKR Real Estate Finance Trust's highest Cyclically Adjusted Price-to-FCF was 6.54. The lowest was 5.13. And the median was 6.30.

KREF's Cyclically Adjusted Price-to-FCF is ranked better than
82.54% of 418 companies
in the REITs industry
Industry Median: 12.265 vs KREF: 5.13

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

KKR Real Estate Finance Trust's adjusted free cash flow per share data of for the fiscal year that ended in Dec24 was $1.793. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.74 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


KKR Real Estate Finance Trust Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

KKR Real Estate Finance Trust Cyclically Adjusted Price-to-FCF Chart

KKR Real Estate Finance Trust Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 5.81

KKR Real Estate Finance Trust Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 5.81 -

Competitive Comparison of KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF

For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF falls into.


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KKR Real Estate Finance Trust Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=8.81/1.74
=5.06

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

KKR Real Estate Finance Trust's Cyclically Adjusted FCF per Share for the fiscal year that ended in Dec24 is calculated as:

For example, KKR Real Estate Finance Trust's adjusted Free Cash Flow per Share data for the fiscal year that ended in Dec24 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=1.793/133.1571*133.1571
=1.793

Current CPI (Dec24) = 133.1571.

KKR Real Estate Finance Trust Annual Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201512 0.216 99.792 0.288
201612 0.478 101.863 0.625
201712 1.187 104.011 1.520
201812 1.393 105.998 1.750
201912 1.594 108.420 1.958
202012 2.053 109.897 2.488
202112 2.198 117.630 2.488
202212 2.064 125.222 2.195
202312 2.224 129.419 2.288
202412 1.793 133.157 1.793

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


KKR Real Estate Finance Trust  (NYSE:KREF) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


KKR Real Estate Finance Trust Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of KKR Real Estate Finance Trust's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


KKR Real Estate Finance Trust Business Description

Traded in Other Exchanges
Address
30 Hudson Yards, Suite 7500, New York, NY, USA, 10001
KKR Real Estate Finance Trust Inc is a real estate finance company that focuses on originating and acquiring senior mortgage loans secured by CRE assets. The investment is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estates, energy, infrastructure, credit, and hedge funds. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, through dividends.
Executives
W Patrick Mattson officer: Chief Operating Off. and Secr C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Matthew A Salem officer: Co-CEO and Co-President C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Lee Christen E.j. officer: Co-CEO and Co-President C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Co. Inc. 10 percent owner 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Group Partnership L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kkr Reft Holdings L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 30 HUDSON YARDS, NEW YORK NY 10001
Kendra Decious officer: CFO and Treasurer C/O KKR REAL ESTATE FINANCE TRUST INC., 30 HUDSON YARDS, SUITE 7500, NEW YORK NY 10001
Vincent J. Napolitano officer: General Counsel and Secretary C/O KKR REAL ESTATE FINANCE TRUST INC., 30 HUDSON YARDS, SUITE 7500, NEW YORK NY 10001
Tactical Value Spn-kref Holdings L.p. 10 percent owner C/O KOHLBERG KRAVIS ROBERTS & CO. L.P., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Makena U.s. Real Estate Master Fund B, L.p. 10 percent owner 2755 SAND HILL ROAD, SUITE 200, MENLO PARK CA 94025
Kkr Management Holdings L.p. 10 percent owner 9 WEST 57TH STREET 41ST FLOOR, NEW YORK NY 10019
Irene M Esteves director C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 17TH FLOOR, NEW YORK NY 10023
Paula Madoff director C/O KKR REAL ESTATE FINANCE TRUST INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Mostafa Nagaty officer: CFO and Treasurer C/O KKR REAL ESTATE FINANCE TRUST INC., 9 WEST 57TH STREET, SUITE 4200, NEW YORK NY 10019
Jonathan A Langer director C/O GOLDMAN, SACHS & CO., 85 BROAD STREET, NEW YORK NY 10004