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KKR Real Estate Finance TrustKREF -1.28%36 Intrinsic Value: Projected FCF is $29.04 as of Aug. 02, 2026, which is 8700% above its 10-year median of 0.33. GuruFocus rates KREF with a GF Score™ of 36/100 and a GF Value™ of $3.84 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 616 REITs companies, KKR Real Estate Finance Trust ranks better than 92.86% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for KKR Real Estate Finance Trust's Intrinsic Value: Projected FCF or its related term are showing as below:
KREF'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.2 Med: 0.33 Max: 0.68
Current: 0.24
During the past 11 years, the highest Price-to-Intrinsic-Value-Projected-FCF of KKR Real Estate Finance Trust was 0.68. The lowest was 0.20. And the median was 0.33.
KREF's Price-to-Projected-FCF is ranked better than 92.86% of 616
companies
in the REITs industry
Industry Median: 0.68
vs KREF: 0.24
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
KKR Real Estate Finance Trust's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
6.96
/
29.037888443846
=
0.24
* 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 Intrinsic Value: Projected FCF Related Terms
KKR Real Estate Finance Trust Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF Chart
KREF vs FBRT, RWT, NREF: Intrinsic Value: Projected FCF Comparison
For the REIT - Mortgage subindustry, KKR Real Estate Finance Trust's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs REITs Industry
For the REITs industry and Real Estate sector, KKR Real Estate Finance Trust's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where KKR Real Estate Finance Trust's Price-to-Projected-FCF falls into.
KKR Real Estate Finance Trust Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $29.04 mean?
KKR Real Estate Finance Trust (KREF) has a Intrinsic Value: Projected FCF of $29.04 as of Aug. 02, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on KKR Real Estate Finance Trust and its competitors. This is 8700% above median its historical median of 0.33. Over the past decade, KKR Real Estate Finance Trust's Intrinsic Value: Projected FCF has ranged from 0.20 to 0.68. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #44 out of 616 companies in the REITs industry, placing it in the top 7.1%.
Is KKR Real Estate Finance Trust's Intrinsic Value: Projected FCF too high?
KKR Real Estate Finance Trust's current Intrinsic Value: Projected FCF of $29.04 is 8700% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.68. The REITs industry median Intrinsic Value: Projected FCF is 0.68. KKR Real Estate Finance Trust's value of $29.04 is 4170.6% above this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #44 out of 616 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, KKR Real Estate Finance Trust has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Intrinsic Value: Projected FCF compare to FBRT and RWT?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #44 out of 616 companies for Intrinsic Value: Projected FCF. This places KKR Real Estate Finance Trust in the top 7% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.68. KKR Real Estate Finance Trust's value of $29.04 is 4170.6% above this benchmark. Historically, KKR Real Estate Finance Trust's own Intrinsic Value: Projected FCF has ranged from 0.20 to 0.68 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.68, 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 Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.68, based on 616 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current Intrinsic Value: Projected FCF of $29.04 is 4170.6% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current Intrinsic Value: Projected FCF is $29.04, which is 8700% above median its own 10-year median of 0.33. 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 Significantly Overvalued. The stock's GF Value™ is $3.84, compared to a current price of $6.96 — trading 81.3% above its estimated fair value. The current Intrinsic Value: Projected FCF is $29.04, which is 8700% above median its 10-year median of 0.33 and 4170.6% above the REITs industry median of 0.68. KKR Real Estate Finance Trust's overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current Intrinsic Value: Projected FCF is $29.04 as of Aug. 02, 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 $6.96 is trading 81.3% above its estimated GF Value™ of $3.84.
GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.
Key valuation signals for KREF:
Intrinsic Value: Projected FCF: $29.04 (8700% above median its 10-year median of 0.33)
GF Value™: $3.84 vs. price of $6.96 (81.3% above fair value)
Industry Position: 4170.6% above the REITs median (#44 of 616)
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 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.
36GF Score
Get the complete analysis for KREF
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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