KREF (KKR Real Estate Finance Trust) OCF Yield %: 15.38 (As of Jun. 25, 2026) — 38% Above Median


KREF KKR Real Estate Finance Trust Inc KREF
46 GF Score
Price $7.03
GF Value $7.16
Valuation Fairly Valued
! 3 Warning Signs
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What is KKR Real Estate Finance Trust OCF Yield %?

KKR Real Estate Finance Trust KREF -0.14% 46 OCF Yield % is 15.38 as of Jun. 25, 2026, which is 38% above its 10-year median of 11.12. GuruFocus rates KREF with a GF Score™ of 46/100 and a GF Value™ of $7.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 942 REITs companies, KKR Real Estate Finance Trust ranks better than 86.41% on this metric.

OCF Yield % is calculated as Cash Flow from Operations divided by Market Capitalization. It is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

As of today, KKR Real Estate Finance Trust's Trailing 12-Month Cash Flow from Operations is $69.5 Mil, and Market Cap is $452.0 Mil. Therefore, KKR Real Estate Finance Trust's OCF Yield % for today is 15.38%.

The historical rank and industry rank for KKR Real Estate Finance Trust's OCF Yield % or its related term are showing as below:

KREF' s OCF Yield % Range Over the Past 10 Years
Min: -3.46   Med: 11.12   Max: 23.72
Current: 15.38


During the past 11 years, the highest OCF Yield % of KKR Real Estate Finance Trust was 23.72%. The lowest was -3.46%. And the median was 11.12%.

KREF's OCF Yield % is ranked better than
86.41% of 942 companies
in the REITs industry
Industry Median: 7.305 vs KREF: 15.38

KKR Real Estate Finance Trust's OCF Margin % for the quarter that ended in Mar. 2026 was %.


KKR Real Estate Finance Trust OCF Yield % Explanation

Similar to Earnings Yield %, OCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high operating cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


KKR Real Estate Finance Trust OCF Yield % Related Terms


KKR Real Estate Finance Trust OCF Yield % Historical Data

* Premium members only.

The historical data trend for KKR Real Estate Finance Trust's OCF Yield % 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 OCF Yield % Chart

KKR Real Estate Finance Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.76 14.63 16.98 19.10 13.66

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
OCF Yield % 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 8.69 14.67 12.61 12.65 13.37

KREF vs CMTG, NREF, RC: OCF Yield % Comparison

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

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

* The bar in red indicates where KKR Real Estate Finance Trust's OCF Yield % falls into.


KREF
46GF Score
KKR Real Estate Finance Trust Inc KREF
OCF Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
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KKR Real Estate Finance Trust OCF Yield % Calculation

OCF Yield % is a financial solvency ratio that compares the operating cash flow a company is expected to earn against its market value.

KKR Real Estate Finance Trust's OCF Yield % for the fiscal year that ended in Dec. 2025 is calculated as

OCF Yield %=Cash Flow from Operations / Market Cap
=72.283 / 529.10496
=13.66%

KKR Real Estate Finance Trust's annualized OCF Yield % for the quarter that ended in Mar. 2026 is calculated as

OCF Yield %=Cash Flow from Operations * Annualized Factor / Market Cap
=13.144 * 4 / 393.36912
=13.37%

* 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.

Frequently Asked Questions Learn more about OCF Yield % →
What does a OCF Yield % of 15.38 mean?
KKR Real Estate Finance Trust (KREF) has a OCF Yield % of 15.38 as of Jun. 25, 2026. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on KKR Real Estate Finance Trust and its competitors. This is 38% above median its historical median of 11.12. According to the industry distribution chart, KKR Real Estate Finance Trust ranks #128 out of 942 companies in the REITs industry, placing it in the top 13.6%.
Is KKR Real Estate Finance Trust's OCF Yield % too high?
KKR Real Estate Finance Trust's current OCF Yield % of 15.38 is 38% above median its 10-year median of 11.12. The REITs industry median OCF Yield % is 7.31. KKR Real Estate Finance Trust's value of 15.38 is 110.5% above this industry median. Based on the distribution chart, KKR Real Estate Finance Trust ranks #128 out of 942 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 46/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's OCF Yield % compare to CMTG and NREF?
According to the REITs industry distribution chart, KKR Real Estate Finance Trust ranks #128 out of 942 companies for OCF Yield %. This places KKR Real Estate Finance Trust in the top 14% of its industry — outperforming the majority of peers. The industry median OCF Yield % is 7.31. KKR Real Estate Finance Trust's value of 15.38 is 110.5% above this benchmark. While the company's 10-year median is 11.12 vs. the industry median of 7.31, 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 OCF Yield % for a REITs company?
The median OCF Yield % among REITs companies is 7.31, based on 942 companies in the industry. Companies in the top quartile (top 25%) have a OCF Yield % significantly above this median, while those in the bottom quartile fall well below. However, OCF Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. KKR Real Estate Finance Trust's current OCF Yield % of 15.38 is 110.5% 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 OCF Yield % mean?
A high OCF Yield % can signal that a stock is expensive relative to its fundamentals. OCF Yield is calculated as Cash Flow from Operations divided by Market Capitalization. View historical data on KKR Real Estate Finance Trust and its competitors. For the REITs industry, the median OCF Yield % is 7.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KKR Real Estate Finance Trust's current OCF Yield % is 15.38, which is 38% above median its own 10-year median of 11.12. 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 $7.16, compared to a current price of $7.03 — trading 1.8% below its estimated fair value. The current OCF Yield % is 15.38, which is 38% above median its 10-year median of 11.12 and 110.5% above the REITs industry median of 7.31. KKR Real Estate Finance Trust's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Yield % calculated?
OCF Yield % is calculated from a company's financial statements. For KKR Real Estate Finance Trust (KREF), the current OCF Yield % is 15.38 as of Jun. 25, 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 1.8% below its estimated GF Value™ of $7.16. GuruFocus considers KKR Real Estate Finance Trust to be Fairly Valued.

Key valuation signals for KREF:

  • OCF Yield %: 15.38 (38% above median its 10-year median of 11.12)
  • GF Value™: $7.16 vs. price of $7.03 (1.8% below fair value)
  • GF Score™: 46/100 with 3 warning signs
  • Industry Position: 110.5% above the REITs median (#128 of 942)

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.
46GF Score

Get the complete analysis for KREF

OCF Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.03
Price
$7.16
GF Value