KKR Real Estate Finance Trust Inc (KREF)

NYSE · Real Estate · REIT - Mortgage · USA

KKR Real Estate Finance Trust Inc is a small cap company (market value between $300 million and $2 billion) in the REIT - Mortgage industry.

KKR Real Estate Finance Trust originates and acquires debt instruments backed by commercial real estate properties in major markets. Its portfolio consists primarily of senior loans collateralized by properties operated by experienced sponsors, along with mezzanine loans, preferred equity, and related investments. The company generates returns for stockholders through dividends.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the KKR Real Estate Finance Trust Inc stock.

Our verdict on KREF

Undervalued: intrinsic value $11.87 per share, market price $5.29, margin of safety 55.4% (as of 2026-10-30).

Discounting its cash flows at 7.8% (average of 2 methods) values the shares at $11.87; the price of $5.29 is 55% below that value, and 80% of that value comes from beyond year five.

Leak Score: 76/100 on 9 of 12 signals (Clear Leak).

ETFs with the most weight in KREF

17 more funds hold it; the full list is part of the paid plan.

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Is KREF undervalued or overvalued?

KREF is undervalued (as of the 2026-10-30 close). Discounting its cash flows at 7.8% (average of 2 methods) values the shares at $11.87; the price of $5.29 is 55% below that value, and 80% of that value comes from beyond year five.

What is the intrinsic value of KREF?

$11.87 per share (as of the 2026-10-30 close), against a market price of $5.29. That is a margin of safety of 55.4%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.

What is KKR Real Estate Finance Trust Inc's Leak Score?

76 out of 100, which we rate "Clear Leak", on 9 of 12 value investing signals.