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KREF

KKR Real Estate Finance Trust Inc.

Real Estate · $474M market cap

Verdict

Share price

$6.16

close of Oct 3, 2026

Fair value

$5.27

Sticker Price

Payback Price

$2.11

buy price

Overpriced

KREF is Overpriced: at $6.16 it trades 17% above its fair value of $5.27. Its buy price (Payback Price) is $2.11, 66% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Justified P/B (Financials). A bank or insurer. These are best valued on their book value and how much they earn on it.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-29.6% a year✗
Equity per share growth-2.0% a year✗
Sales growth21.8% a year✓
Free cash flow growth17.5% a year✓
Return on invested capital5.6%✗

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About KKR Real Estate Finance Trust Inc.

KKR Real Estate Finance Trust Inc. (KREF) operates as a mortgage real estate investment trust (REIT), primarily focused on originating and acquiring first-lien debt secured by commercial properties. Its investment strategy includes a range of commercial real estate credit products, such as both leveraged and unleveraged commercial mortgage loans, as well as commercial mortgage-backed securities (CMBS). As an elected…

REIT - Mortgage

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works