KREF

KKR Real Estate Finance Trust Inc

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Advanced Chart

9.520

-0.020(-0.210%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

9.650

Open

9.530

VWAP

9.54

Vol

429.28K

Mkt Cap

645.52M

Low

9.500

Amount

4.09M

EV/EBITDA(TTM)

180.69

Total Shares

69.31M

5.74B

EV/OCF(TTM)

50.31

P/S(TTM)

1.20

KKR Real Estate Finance Trust Inc. is a real estate investment trust. The Company primarily originates or acquires transitional senior loans collateralized by institutional-quality commercial real estate (CRE) assets that are owned and operated by sponsors and located in liquid markets with underlying fundamentals. The Company's target assets also include mezzanine loans, preferred equity and other debt-oriented instruments with these characteristics. The Company's investment objective is capital preservation and the generation of attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends. Its portfolio of diversified investments consists of performing senior and mezzanine loans. It focuses on originating and acquiring senior loans that are secured by CRE properties and evidenced by a first-priority mortgage. The Company is externally managed by KKR Real Estate Finance Manager LLC, an indirect wholly owned subsidiary of KKR & Co. Inc.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

31.88M

-9.28%

0.238

-213.13%

31.83M

-14%

0.234

-36.73%

32.65M

-19.25%

-0.032

-97.93%

Estimates Revision

The market is revising Downward the revenue expectations for KKR Real Estate Finance Trust Inc. (KREF) for FY2025, with the revenue forecasts being adjusted by -9.29% over the past three months. During the same period, the stock price has changed by -14.31%.

Revenue Estimates for FY2025

Revise Downward

-9.29%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-17.08%

In Past 3 Month

Stock Price

Go Down

-14.31%

In Past 3 Month

4 Analyst Rating

9.03% Upside

Wall Street analysts forecast KREF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KREF is 10.38 USD with a low forecast of 9.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

1 Hold

0 Sell

Strong Buy

9.03% Upside

Current: 9.520

Low

9.00

Averages

10.38

High

12.00

9.03% Upside

Current: 9.520

Low

9.00

Averages

10.38

High

12.00

JMP Securities

Steven Delaney

Buy

Maintains

$13 → $12

2025-04-24

Reason

JMP Securities

Steven Delaney

Price Target

$13 → $12

2025-04-24

Maintains

Buy

Reason

Citizens JMP lowered the firm's price target on KKR Real Estate Finance to $12 from $13 and keeps an Outperform rating on the shares. While Q1 GAAP earnings were negatively impacted by a $25M additional current expected credit loss loan loss provision, distributable EPS was well above consensus, the analyst tells investors in a research note. The firm notes that its price target offers a potential total return of 40%, with price appreciation of 29.3% and a cash dividend yield of 10.8%.

JP Morgan

Richard Shane

Buy

Maintains

$12 → $9.5

2025-04-16

Reason

JP Morgan

Richard Shane

Price Target

$12 → $9.5

2025-04-16

Maintains

Buy

Reason

JPMorgan analyst Richard Shane lowered the firm's price target on KKR Real Estate Finance to $9.50 from $11.50 and keeps an Overweight rating on the shares as part of a Q1 preview for the mortgage real estate investment trusts. Lower short-term rates provide incremental credit relief for borrowers in the form of lower financing costs, but may signal an elevated risk of recession, which could pressure occupancy and rent growth rates and make final resolution of troubled assets more difficult, the analyst tells investors in a research note. The firm says elevated macro uncertainty and a more "two sided risk/reward outlook tempers" its conviction on the MREITs.

Citizens Capital Markets

Chris Muller

Buy

Reiterates

$13

2025-02-26

Reason

Citizens Capital Markets

Chris Muller

Price Target

$13

2025-02-26

Reiterates

Buy

Reason

JP Morgan

Richard Shane

Buy

Maintains

$12 → $11

2025-01-21

Reason

JP Morgan

Richard Shane

Price Target

$12 → $11

2025-01-21

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on KKR Real Estate Finance to $10.50 from $11.50 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the mortgage real estate investment trust group. Commercial real estate borrowers and lenders "have collectively kicked the can down the road," awaiting a more favorable rate environment, the analyst tells investors in a research note. However, the firm says the higher rate outlook "may dampen the budding optimism" that emerged in mid-2024. With the 10-year Treasury rate now projected above 4% until at least 2027, carrying costs will remain elevated and commercial real estate participants may be forced to resolve deals at "undesirable valuations," contends JPMorgan. It views Claros Mortgage Trust's (CMTG) December dividend cut to zero as potentially cautionary for the sector.

Keefe, Bruyette & Woods

Jade Rahmani

Buy

Maintains

$13 → $12

2025-01-14

Reason

Keefe, Bruyette & Woods

Jade Rahmani

Price Target

$13 → $12

2025-01-14

Maintains

Buy

Reason

JP Morgan

Richard Shane

Buy

Maintains

$12 → $12

2024-12-09

Reason

JP Morgan

Richard Shane

Price Target

$12 → $12

2024-12-09

Maintains

Buy

Reason

JPMorgan lowered the firm's price target on KKR Real Estate Finance to $11.50 from $12 and keeps an Overweight rating on the shares. The firm says market outcomes for consumer and specialty finance in 2025 will likely be determined by how far the Trump administration can go in implementing its policy objectives. The stocks already appear to be incorporating many of the more likely outcomes into valuations, with the sector factoring significant regulatory relief, less restrictive capital requirements, and higher capital returns, the analyst tells investors in a research note. JPMorgan believes this limits upside with risk/rewards "skewing unfavorably as premium valuations may constrain returns and downside scenarios could be exacerbated should events fail to unfold as expected."

See All Ratings

Valuation Metrics

The current forward P/E ratio for KKR Real Estate Finance Trust Inc (KREF.N) is 14.26, compared to its 5-year average forward P/E of 8.66. For a more detailed relative valuation and DCF analysis to assess KKR Real Estate Finance Trust Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

8.66

Current PE

14.26

Overvalued PE

16.85

Undervalued PE

0.47

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

6.12

Current PS

4.90

Overvalued PS

7.49

Undervalued PS

4.76