KREF PEER ANALYSIS

KKR Real Estate Finance Trust Inc — metric-by-metric comparison with peers and the industry median

KREFKKR Real Estate Finance Trust Inc

🇺🇸 USA · NYSE · Real Estate · REIT - Mortgage

Value it Duel

Overall Profile & Returns

· REIT - Mortgage

Position Within Industry

0 = weak quartile, 100 = strong quartile

KREFIndustry median

Scores normalize each metric against industry quartiles (p25–p75); direction is inverted for lower-is-better metrics.

Return Comparison

1-Year

Split-adjusted

Year-to-Date (YTD)

Key Metric Comparison

P/E

Lower is better

ROE

Higher is better

Net Margin

Higher is better

Revenue Growth

Higher is better

All Metrics

Valuation
Metric	KREF	HLGYO	OZKGY	AVPGY	AKSGY	PSGYO	Ind. Median
P/E	—	1.50●	—	14.62	7.20	5.80	9.96
P/B	0.41	0.33	0.29●	0.51	0.47	0.58	0.76
EV/EBITDA	22.82	1.15●	—	7.41	6.76	80.80	25.41
P/S	1.03●	1.61	3.24	3.08	4.80	96.01	1.96

Financial Health
Metric	KREF	HLGYO	OZKGY	AVPGY	AKSGY	PSGYO	Ind. Median
Current Ratio	0.21	1.17	2.89	5.24●	2.91	2.59	0.08
Debt/Equity	410.6%	15.0%	7.4%	0.0%●	3.9%	34.3%	461.9%
NetDebt/EBITDA	20.67	0.23	77.23	-0.56●	-0.25	29.95	20.67

Profitability
Metric	KREF	HLGYO	OZKGY	AVPGY	AKSGY	PSGYO	Ind. Median
Net Margin	-22.3%	107.2%	-7.6%	21.1%	66.7%	1,654.4%●	13.4%
ROE	-8.2%	27.7%●	-0.8%	3.9%	7.6%	13.3%	6.1%
ROA	-1.5%	19.9%●	-0.6%	3.1%	6.3%	5.6%	1.0%
EBITDA Margin	47.8%	175.4%	-1.1%	38.7%	68.5%	188.8%●	61.0%

Growth + Dividend
Metric	KREF	HLGYO	OZKGY	AVPGY	AKSGY	PSGYO	Ind. Median
Rev. Growth	-20.0%	90.2%●	-14.7%	26.8%	11.8%	-57.9%	19.5%
NI Growth	—	206.4%●	—	-76.3%	-34.4%	5.7%	16.1%
Div. Yield	14.0%●	0.1%	0.0%	9.5%	1.5%	0.0%	13.4%
Payout	-88.6%	0.1%	0.0%	138.6%	10.7%	0.0%	122.1%

Valuation
Metric	KREF	RWT	CMTG	FBRT	TRTX	IVR	Ind. Median
P/E	—	—	—	8.99●	10.13	13.20	9.96
P/B	0.41	0.58	0.22●	0.46	0.63	0.78	0.76
EV/EBITDA	22.82	106.92	—	23.18	14.43●	34.87	25.41
P/S	1.03	0.50●	0.90	1.21	1.96	2.45	1.96

Financial Health
Metric	KREF	RWT	CMTG	FBRT	TRTX	IVR	Ind. Median
Current Ratio	0.21	0.06	0.08	18.47●	5.24	0.01	0.08
Debt/Equity	410.6%	2,642.1%	176.1%●	329.2%	316.7%	609.3%	461.9%
NetDebt/EBITDA	20.67	104.55	-5.63●	20.25	12.00	30.86	20.67

Profitability
Metric	KREF	RWT	CMTG	FBRT	TRTX	IVR	Ind. Median
Net Margin	-22.3%	-8.1%	-125.1%	13.4%	19.4%	22.0%●	13.4%
ROE	-8.2%	-8.6%	-27.1%	5.0%	6.1%	7.6%●	6.1%
ROA	-1.5%	-0.4%	-8.6%	1.2%	1.6%●	1.0%	1.0%
EBITDA Margin	47.8%	20.9%	-120.1%	41.2%	80.5%●	61.0%	61.0%

Growth + Dividend
Metric	KREF	RWT	CMTG	FBRT	TRTX	IVR	Ind. Median
Rev. Growth	-20.0%	136.7%●	85.3%	-6.4%	0.8%	-25.8%	19.5%
NI Growth	—	—	—	25.8%●	-8.1%	22.5%	16.1%
Div. Yield	14.0%	15.4%	0.0%	15.8%	11.3%	17.7%●	13.4%
Payout	-88.6%	-113.9%	0.0%	202.5%	138.0%	206.4%	122.1%

The green dot marks the best value in the group given the metric direction (higher/lower is better). All metrics use trailing-twelve-month (TTM) data.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.