KKR Real Estate Finance Trust Inc.
KREFReal Estate · Stock · quarterly payer
Forward Yield
5.28%
Annual Dividend
$0.40
Payout Ratio
588%
5-Yr Growth
-10.3%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of August 2026, KKR Real Estate Finance Trust Inc. (KREF) yields 5.28% ($0.40 per share annually), with a blended fair-value estimate of $5.46 — -28% downside, so it screens as overvalued. Dividend safety grade: D (44/100).
Is KREF a good dividend stock?
MixedKKR Real Estate Finance Trust Inc. (KREF) pays a quarterly dividend yielding 5.28% ($0.40/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (588%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 5.28%
- Payout Ratio
- 588%
- Annual Dividend
- $0.40
- 5-Yr Avg Growth
- -10.3%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.87
- Market Cap
- $487.4M
- P/E Ratio
- —
- 5-Yr Total Return
- -64%
- 52-Week Range
- —
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
KREF Price — Last 12 Months
Daily close
Price Return
1 Year
-16%
3 Years
-36%
5 Years
-64%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KREF worth?
Overvaluedlow confidenceOur blended fair-value estimate for KKR Real Estate Finance Trust Inc. is $5.46 per share, versus a market price of $7.58. That implies 28% of downside.
Fair Value
$5.46
Current Price
$7.58
Downside
-28%
Margin of Safety
-39%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.6% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, -$3.26 EPS, $0.40 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KREF Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.1000 | regular |
| Mar 31, 2026 | — | $0.2500 | regular |
| Dec 31, 2025 | — | $0.2500 | regular |
| Sep 30, 2025 | — | $0.2500 | regular |
| Jun 30, 2025 | — | $0.2500 | regular |
| Mar 31, 2025 | — | $0.2500 | regular |
| Dec 31, 2024 | — | $0.2500 | regular |
| Sep 30, 2024 | — | $0.2500 | regular |
| Jun 28, 2024 | — | $0.2500 | regular |
| Mar 27, 2024 | — | $0.2500 | regular |
| Dec 28, 2023 | — | $0.4300 | regular |
| Sep 28, 2023 | — | $0.4300 | regular |
| Jun 29, 2023 | — | $0.4300 | regular |
| Mar 30, 2023 | — | $0.4300 | regular |
Income Calculator
At $0.40 / yr per share
