KKR Real Estate Finance Trust (FRA:8KR) Scaled Net Operating Assets: 0.80 (As of Jun. 2026)

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FRA:8KR KKR Real Estate Finance Trust Inc FRA:8KR
45 GF Score
Price €6.20
GF Value €3.45
Valuation Significantly Overvalued
! 5 Warning Signs
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What is KKR Real Estate Finance Trust Scaled Net Operating Assets?

KKR Real Estate Finance Trust FRA:8KR -2.36% 45 Scaled Net Operating Assets is 0.80 as of Jun. 2026. GuruFocus rates FRA:8KR with a GF Score™ of 45/100 and a GF Value™ of €3.45 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

KKR Real Estate Finance Trust's operating assets for the quarter that ended in Jun. 2026 was €5,621.36 Mil. KKR Real Estate Finance Trust's operating liabilities for the quarter that ended in Jun. 2026 was €827.22 Mil. KKR Real Estate Finance Trust's Total Assets for the quarter that ended in Mar. 2026 was €6,011.83 Mil. Therefore, KKR Real Estate Finance Trust's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2026 was 0.80.

FRA:8KR
45GF Score
KKR Real Estate Finance Trust Inc FRA:8KR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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KKR Real Estate Finance Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

KKR Real Estate Finance Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5448.542-946.721)/6064.63
=0.74

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5520.805 - 72.263
=5448.542

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4474.481 - 3527.76 - 0
=946.721

KKR Real Estate Finance Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2026 )
=(Operating Assets (Q: Jun. 2026 )-Operating Liabilities (Q: Jun. 2026 ))/Total Assets (Q: Mar. 2026 )
=(5621.364-827.221)/6011.832
=0.80

where

Operating Assets(Q: Jun. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5693.458 - 72.094
=5621.364

Operating Liabilities(Q: Jun. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4833.878 - 3702.857 - 303.8
=827.221

* 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 Scaled Net Operating Assets of 0.80 mean?
KKR Real Estate Finance Trust (FRA:8KR) has a Scaled Net Operating Assets of 0.80 as of Jun. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KKR Real Estate Finance Trust and its competitors.
Is KKR Real Estate Finance Trust's Scaled Net Operating Assets too high?
KKR Real Estate Finance Trust's current Scaled Net Operating Assets is 0.80. Overall, KKR Real Estate Finance Trust has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KKR Real Estate Finance Trust's Scaled Net Operating Assets compare to CMTG and RWT?
KKR Real Estate Finance Trust's Scaled Net Operating Assets of 0.80 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on KKR Real Estate Finance Trust and its competitors. KKR Real Estate Finance Trust's current Scaled Net Operating Assets is 0.80. 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 (FRA:8KR) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.45, compared to a current price of €6.20 — trading 79.7% above its estimated fair value. The current Scaled Net Operating Assets is 0.80. KKR Real Estate Finance Trust's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For KKR Real Estate Finance Trust (FRA:8KR), the current Scaled Net Operating Assets is 0.80 as of Jun. 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 (FRA:8KR) Overvalued in 2026?

Based on GuruFocus' analysis, KKR Real Estate Finance Trust stock appears to be overvalued. The current stock price of €6.20 is trading 79.7% above its estimated GF Value™ of €3.45. GuruFocus considers KKR Real Estate Finance Trust to be Significantly Overvalued.

Key valuation signals for FRA:8KR:

  • Scaled Net Operating Assets: 0.80
  • GF Value™: €3.45 vs. price of €6.20 (79.7% above fair value)
  • GF Score™: 45/100 with 5 warning signs

No single metric tells the full story. See the FRA:8KR 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:USAKREF:USA
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.
45GF Score

Get the complete analysis for FRA:8KR

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.20
Price
€3.45
GF Value