A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for KKR Real Estate Finance Trust's Debt-to-Equity or its related term are showing as below:
KREF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 3.5 Max: 4.32
Current: 4.32
During the past 11 years, the highest Debt-to-Equity Ratio of KKR Real Estate Finance Trust was 4.32. The lowest was 0.17. And the median was 3.50.
KREF's Debt-to-Equity is ranked worse than 95.24% of 694
companies
in the REITs industry
Industry Median: 0.78
vs KREF: 4.32
KKR Real Estate Finance Trust (NYSE:KREF) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
KKR Real Estate Finance Trust Debt-to-Equity Related Terms
KKR Real Estate Finance Trust Debt-to-Equity Historical Data
* 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 Debt-to-Equity Chart
For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs REITs Industry
For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where KKR Real Estate Finance Trust's Debt-to-Equity falls into.
* 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 (KREF) has a Debt-to-Equity of 4.32 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on KKR Real Estate Finance Trust and its competitors. This is 23% above median its historical median of 3.50. Over the past decade, KKR Real Estate Finance Trust's Debt-to-Equity has ranged from 0.17 to 4.32. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #661 out of 694 companies in the REITs industry, placing it in the top 95.2%.
Is KKR Real Estate Finance Trust's Debt-to-Equity too high?
KKR Real Estate Finance Trust's current Debt-to-Equity of 4.32 is 23% above median its 10-year median of 3.50. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 4.32. The REITs industry median Debt-to-Equity is 0.78. KKR Real Estate Finance Trust's value of 4.32 is 453.8% above this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #661 out of 694 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, KKR Real Estate Finance Trust has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Debt-to-Equity compare to CMTG and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #661 out of 694 companies for Debt-to-Equity. This places KKR Real Estate Finance Trust in the lower half of its industry. The industry median Debt-to-Equity is 0.78. KKR Real Estate Finance Trust's value of 4.32 is 453.8% above this benchmark. Historically, KKR Real Estate Finance Trust's own Debt-to-Equity has ranged from 0.17 to 4.32 over the past decade. While the company's 10-year median is 3.50 vs. the industry median of 0.78, KKR Real Estate Finance Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current Debt-to-Equity of 4.32 is 453.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Debt-to-Equity is 4.32, which is 23% above median its own 10-year median of 3.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KKR Real Estate Finance Trust stock overvalued right now?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust (KREF) is currently considered Fairly Valued. The stock's GF Value™ is $7.12, compared to a current price of $7.03 — trading 1.3% below its estimated fair value. The current Debt-to-Equity is 4.32, which is 23% above median its 10-year median of 3.50 and 453.8% above the REITs industry median of 0.78. KKR Real Estate Finance Trust's overall GF Score™ is 51/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Debt-to-Equity is 4.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is KKR Real Estate Finance Trust (KREF) Overvalued in 2026?
Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be undervalued.
The current stock price of $7.03 is trading 1.3% below its estimated GF Value™ of $7.12.
GuruFocus considers KKR Real Estate Finance Trust to be Fairly Valued.
Key valuation signals for KREF:
Debt-to-Equity: 4.32 (23% above median its 10-year median of 3.50)
GF Value™: $7.12 vs. price of $7.03 (1.3% below fair value)
Industry Position: 453.8% above the REITs median (#661 of 694)
No single metric tells the full story. See the KREF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KKR Real Estate Finance Trust Business Description
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.
51GF Score
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