KREF (KKR Real Estate Finance Trust) Earnings per Share (Diluted): $-1.86 (TTM As of Mar. 2026)


KREF KKR Real Estate Finance Trust Inc KREF
50 GF Score
Price $7.36
GF Value $7.09
Valuation Fairly Valued
! 3 Warning Signs
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What is KKR Real Estate Finance Trust Earnings per Share (Diluted)?

KKR Real Estate Finance Trust KREF +1.80% 50 Earnings per Share (Diluted) is $-1.86 as of Mar. 2026. GuruFocus rates KREF with a GF Score™ of 50/100 and a GF Value™ of $7.09 (Fairly Valued). The stock has 3 warning signs investors should review. Among 678 REITs companies, KKR Real Estate Finance Trust ranks worse than 147492.48% on this metric.

KKR Real Estate Finance Trust's Earnings per Share (Diluted) for the three months ended in Mar. 2026 was $-0.96. Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.86.

KKR Real Estate Finance Trust's EPS (Basic) for the three months ended in Mar. 2026 was $-0.96. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.86.

KKR Real Estate Finance Trust's EPS without NRI for the three months ended in Mar. 2026 was $-1.04. Its EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.14.

During the past 11 years, KKR Real Estate Finance Trust's highest 3-Year average EPS without NRI Growth Rate was 80.90% per year. The lowest was -61.70% per year. And the median was 5.20% per year.


KKR Real Estate Finance Trust  (NYSE:KREF) Earnings per Share (Diluted) Explanation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


KKR Real Estate Finance Trust Earnings per Share (Diluted) Related Terms


KKR Real Estate Finance Trust Earnings per Share (Diluted) Historical Data

* Premium members only.

The historical data trend for KKR Real Estate Finance Trust's Earnings per Share (Diluted) 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.

KKR Real Estate Finance Trust Earnings per Share (Diluted) Chart

KKR Real Estate Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Earnings per Share (Diluted)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.21 0.23 -0.78 0.19 -1.05

KKR Real Estate Finance Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Earnings per Share (Diluted) 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 -0.15 -0.53 0.12 -0.49 -0.96

KREF vs CMTG, RWT, RC: Earnings per Share (Diluted) Comparison

For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's PE Ratio, along with its competitors' market caps and PE Ratio 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 PE Ratio vs REITs Industry

For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's PE Ratio distribution charts can be found below:

* The bar in red indicates where KKR Real Estate Finance Trust's PE Ratio falls into.


KREF
50GF Score
KKR Real Estate Finance Trust Inc KREF
Earnings per Share (Diluted) is just one metric. See GF Score™, valuation, warning signs, and more.
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KKR Real Estate Finance Trust Earnings per Share (Diluted) Calculation

Earnings Per Share (EPS) is the amount of earnings per outstanding share of the company's stock. In calculating earnings per share, the dividends of preferred stocks need to subtracted from the total net income first.

KKR Real Estate Finance Trust's Earnings Per Share (Diluted) for the fiscal year that ended in Dec. 2025 is calculated as

Diluted Earnings Per Share (A: Dec. 2025 ) = (Net Income - Preferred Dividends) / Shares Outstanding (Diluted Average)
=(-47.051-21.304)/66.807
=-1.02

KKR Real Estate Finance Trust's Earnings Per Share (Diluted) for the quarter that ended in Mar. 2026 is calculated as

Diluted Earnings Per Share (Q: Mar. 2026 )=(Net Income - Preferred Dividends / Shares Outstanding (Diluted Average)
=(-56.14-5.326)/64.673
=-0.95

Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.86

* 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.

Companies also reported diluted shares in their financial reports. Diluted shares include the shares of convertibles or warrants outstanding.

What does a Earnings per Share (Diluted) of $-1.86 mean?
KKR Real Estate Finance Trust (KREF) has a Earnings per Share (Diluted) of $-1.86 as of Mar. 2026. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on KKR Real Estate Finance Trust and its competitors. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #999999 out of 678 companies in the REITs industry.
Is KKR Real Estate Finance Trust's Earnings per Share (Diluted) too high?
KKR Real Estate Finance Trust's current Earnings per Share (Diluted) is $-1.86. Based on the distribution chart, KKR Real Estate Finance Trust ranks #999999 out of 678 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 50/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Earnings per Share (Diluted) compare to CMTG and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #999999 out of 678 companies for Earnings per Share (Diluted). This places KKR Real Estate Finance Trust in the lower half of its industry. The industry median Earnings per Share (Diluted) is 0.70. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings per Share (Diluted) for a REITs company?
The median Earnings per Share (Diluted) among REITs companies is 0.70, based on 678 companies in the industry. Companies in the top quartile (top 25%) have a Earnings per Share (Diluted) significantly above this median, while those in the bottom quartile fall well below. However, Earnings per Share (Diluted) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings per Share (Diluted) mean?
A high Earnings per Share (Diluted) can signal that a stock is expensive relative to its fundamentals. Diluted EPS equals net earnings divided by average shares outstanding, including dilutive securities. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median Earnings per Share (Diluted) is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Earnings per Share (Diluted) is $-1.86. 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 $7.09, compared to a current price of $7.36 — trading 3.8% above its estimated fair value. The current Earnings per Share (Diluted) is $-1.86. KKR Real Estate Finance Trust's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings per Share (Diluted) calculated?
Earnings per Share (Diluted) is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Earnings per Share (Diluted) is $-1.86 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 overvalued. The current stock price of $7.36 is trading 3.8% above its estimated GF Value™ of $7.09. GuruFocus considers KKR Real Estate Finance Trust to be Fairly Valued.

Key valuation signals for KREF:

  • Earnings per Share (Diluted): $-1.86
  • GF Value™: $7.09 vs. price of $7.36 (3.8% above fair value)
  • GF Score™: 50/100 with 3 warning signs

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

Industry Real EstateREITs
Other Exchanges KREFpA.PFD:USA8KR:Germany
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.
50GF Score

Get the complete analysis for KREF

Earnings per Share (Diluted) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.36
Price
$7.09
GF Value