KREF Historical PE Ratio Notes

— KKR Real Estate Finance Trust Inc. (KREF) is a real estate finance company focused on originating and acquiring senior loans secured by commercial real estate (CRE) assets, primarily in the United States. As a real estate investment trust (REIT), KREF must distribute most of its taxable income as dividends, and its revenue is largely derived from interest earned on its commercial mortgages & loans. When examining KREF's historical price-to-earnings (PE) ratio, keep in mind that traditional PE analysis for REITs is complex, because net earnings can be impacted by non-cash items like depreciation & unrealized gains or losses, which do not always reflect the actual cash generated from lending activities. Thus, variations in KREF's historical PE ratio may sometimes tell you more about shifts in accounting or one-time events than about the underlying business performance. Investors often look at metrics such as Funds from Operations (FFO) or Adjusted Earnings rather than net income for a clearer view of profitability. Nevertheless, KREF's business model—capitalizing on interest spreads in mortgage lending—means its earnings & market price are sensitive to changes in credit quality, interest rates, & macroeconomic trends in the CRE market, all of which can affect its historical PE ratios as you review the data over time.

On this page we presented the KREF Historical PE Ratio information for KKR Real Estate Finance' stock. The average KREF historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 11.2. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average KREF historical PE based on this TTM earnings result method is 15.3. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this KREF historical PE result, against the recent PE: when this page was posted on 5/14/2026, the most recent closing price for KREF had been 6.49, and the most recent quarterly earnings result, annualized, was 0.88. Meanwhile, the most recent TTM earnings summed to 0.09. From these numbers, we calculate the recent KREF PE on 5/14/2026 based on annualized quarterly EPS was 7.4. Based on KREF's history, that recent PE is low relative to the historical average, with the recent PE 33.9% lower than the historical average PE across our data set for KKR Real Estate Finance. Looking at the recent KREF PE on 5/14/2026 based on TTM EPS, we calculate the ratio at 72.1. Based on KREF's history, that recent PE is elevated relative to the historical average, with the recent PE 371.2% higher than the historical average PE across our KKR Real Estate Finance data set with TTM EPS used in the calculation at each period.

For self directed investors doing their due diligence on KREF or any other given stock, valuation analysis for KREF can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate KKR Real Estate Finance PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for KREF. Thanks for visiting, and the next time you need to research KREF Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.