Company Analysis

KKR Real Estate Finance Trust I KREF

A comprehensive view of key metrics, scores, and financial health for KKR Real Estate Finance Trust I

Overview of KKR Real Estate Finance Trust Inc.

KREF NYQ

Real Estate REIT - Mortgage Framework: Real Estate Investment Trusts Small Cap

KKR Real Estate Finance Trust Inc. (KREF), is a Small Cap company, in the REIT - Mortgage industry, last closed at $7.23, about 0.0% overvalued vs fair value, -21.3% 1Y return, ranked 302/330 in sector.

Metrics Rev Growth -27.2% ROE -3.7% Div Yield 16.38%

USD 7.23

1.69%

(Delayed)

• Vol 90d: 37.5%

52-Week Range

Low

5.88

34%

Now 7.23

High

9.87

Market Cap

$459.70M

Enterprise Value

$4.51B

Overall Score

View breakdown

Overall

Growth

Weak

Profitability

Weak

Health

Weak

Efficiency

Fair

Valuation

Fair

Growth

Weak

Profitability

Weak

Health

Weak

Efficiency

Fair

Valuation

Fair

Completeness: 82%

Confidence: 88%

Updated: Mar 8

Top Beats

No strong beats yet

Quick Facts

Website https://www.kkrreit.com

HQ New York, NY

Fiscal year Dec 31

Next Events

Dividend Jul 15 Ex-div: Jun 30

Earnings Jul 22 Estimated

Fair Value Snapshot

Bear Base Bull

Current: $7.23

Engine Room Money Flow™

Small Cap

Real Estate Investment Trust - Where revenue goes and how value is created

Flow Steps

Total Revenue

$113.0M

-27.2%%

Net Operating Income

$271.6M

-39.1%%

Net Income

$-69.9M

-232.2%%

FFO (Funds From Operations)

$-66.1M

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Real Estate Investment Trust

Data Quality Notes

Note: For REITs, FFO and AFFO are the key cash metrics. Net Income is distorted by high depreciation on properties.
Note: Owner Pocket percentages are relative to AFFO (not FCF), as AFFO represents true cash available for distribution.
Warning: Interest Coverage is 0.8x, indicating potential debt service pressure.
Note: Deleveraging - net debt repayment of $1.2B.

Quality & Reliability Indicators

NOI Margin

240.4%

Excellent

Operating Income / Revenue - property efficiency

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Where It Leaks

Cash Flow Health critical

Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.

Active Leaks

1/4

Improving

High Impact

Critical

Low

Stock-Based Compensation Leak

Current: 11.0%

Conversion Leak

Worsening

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Scores based on quantitative metrics and qualitative factors

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Rent Pricing Power

Moderate

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AFFO Strength

Strong

Balance Sheet & Cost of Capital

Developing

Capital Recycling & Growth

Developing

Operational Efficiency

Strong

Portfolio Quality & Diversification

Weak

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Equity REITs vs Industry Peers 88% Coverage

Click axes to expand details. Marker shows current allocation.

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Growth

10th percentile vs peers

Key Signals

TSR -5.3% 53p Rev Growth YoY -27.2% 8p Revenue CAGR 3Y -13.5% 9p AFFO/Share -1.02 9p FFO/Share -93.1% 7p

Strengths

Conservative leverage compared to industry peers

Risks

Growth in bottom 20% of peers (percentile: 10)
Rev Growth YoY in bottom 20% of peers (-27.2%)
FFO Growth YoY in bottom 20% of peers (-5.66)

Profitability

27th percentile vs peers

Key Signals

Strengths

Risks

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Safety

29th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for KKR Real Estate Finance Trust I.

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

- - -

- upside

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

KKR Real Estate Finance Trust I KREF

Overview of KKR Real Estate Finance Trust Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

NOI Margin

Locked Metric

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Locked Metric

Stock-Based Compensation Leak

Locked Leak

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Locked Leak

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Rent Pricing Power

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AFFO Strength

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Balance Sheet & Cost of Capital

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Capital Recycling & Growth

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Operational Efficiency

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Portfolio Quality & Diversification

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Growth

Profitability

Safety

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