KKR Real Estate Finance Trust
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
9.757.79
Price/Sales ratio
3.833.34
Earnings per Share (EPS)
$0.96$1.20

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-3.3868.8737.0515.3511.7613.0318.448.5824.74-29.66332.9211.76
Price/Sales ratio
10.0958.6332.7413.8910.6311.757.987.755.395.031.8111.75
Price/Book Value ratio
0.454.102.310.850.931.040.950.860.600.650.521.04
Price/Cash Flow ratio
220.75100.0345.4416.8513.7412.788.719.446.685.874.7212.78
Price/Free Cash Flow ratio
220.75102.4646.2716.8513.7412.788.719.446.685.874.9512.78
Price/Earnings Growth ratio
N/A-0.650.420.130.46-4.24-0.470.06-0.270.0634.620.46
Dividend Yield
N/A0.65%1.89%5.59%8.45%8.48%9.67%8.82%14.51%15.31%7.29%8.48%
Profitability Indicator Ratios
Gross Profit Margin
100%86.02%82.13%120.67%116.47%79.54%81.08%80.48%93.64%93.83%89.98%89.98%
Operating Profit Margin
-314.28%89.94%110.44%124.74%176.02%90.75%43.62%90.73%157.25%-32.23%64.26%90.75%
Pretax Profit Margin
-314.28%89.20%92.52%93.77%90.42%90.75%43.62%90.73%21.54%-17.04%0.52%90.75%
Net Profit Margin
-298.28%85.13%88.36%90.52%90.43%90.17%43.30%90.28%21.80%-16.98%0.54%90.17%
Effective Tax Rate
N/A2.23%1.08%1.80%-0.07%0.63%0.75%0.49%0.15%-2.29%19.51%-0.07%
Return on Assets
-12.25%0.35%0.49%0.79%1.71%1.77%1.09%2.04%0.48%-0.40%0.03%1.77%
Return On Equity
-13.57%5.95%6.26%5.57%7.90%8.00%5.20%10.07%2.42%-2.19%0.15%8.00%
Return on Capital Employed
-13.58%0.37%0.62%3.86%4.25%1.79%1.10%2.06%3.53%-0.78%3.77%3.77%
Liquidity Ratios
Current Ratio
N/AN/AN/A0.010.071.64N/AN/AN/AN/A2.950.07
Quick Ratio
19.936.1834.620.010.078.3512.3714.717.063.032.950.07
Cash ratio
0.075.5433.280.010.076.7210.8619.188.532.332.270.07
Days of Sales Outstanding
8.72K25.5030.7847.1259.5059.6544.7736.6181.4782.4029.8259.65
Days of Inventory outstanding
N/A-228.870.00-0.00N/AN/AN/A967.172.63KN/AN/AN/A
Operating Cycle
N/A-203.3630.7847.1259.5059.6544.771.00K2.71K82.4029.8259.65
Days of Payables Outstanding
N/A638.84167.46-110.59-268.96179.73156.71174.16586.56659.12209.96-268.96
Cash Conversion Cycle
N/A-842.21-136.67157.71328.46-120.08-111.93829.622.13K-576.71-180.13-120.08
Debt Ratios
Debt Ratio
N/A0.020.070.140.560.760.780.780.790.800.780.56
Debt Equity Ratio
N/A0.430.880.982.623.463.713.883.924.313.892.62
Long-term Debt to Capitalization
N/A0.300.460.490.720.770.780.790.790.810.790.72
Total Debt to Capitalization
N/A0.300.460.490.720.770.780.790.790.810.790.72
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A0.43N/AN/AN/A0.57N/A
Cash Flow to Debt Ratio
N/A0.090.050.050.020.020.020.020.020.020.020.02
Company Equity Multiplier
1.1016.7512.586.974.604.504.744.924.965.374.984.60
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.040.580.720.820.770.910.910.820.800.850.380.91
Free Cash Flow / Operating Cash Flow Ratio
10.970.9811111110.951
Cash Flow Coverage Ratio
N/A0.090.050.050.020.020.020.020.020.020.020.02
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
N/A45.09%70.36%85.86%99.43%110.64%178.47%75.77%359.30%-454.30%5386.47%99.43%