Loading...
Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Page: Earnings Power Value

KKR Real Estate Finance Trust Inc.

Ticker: KREF | Industry: REIT - Mortgage | Sector: Real Estate
$8.15 -0.07 (-0.85%)
As of: 2026-01-23

Master Data Export


Valuation Snapshot

Intrinsic Range$10.42 — $13.01
Selected Value (Mid)$11.72
Live Price$8.50
Upside / Downside37.84%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$10.42$11.72$13.01

Normalized EBIT Margin

ScenarioMargin
Low25.29%
Mid29.75%
High34.21%

Normalized Tax Rate

MetricValue
Tax Rate21.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low41,688,735
Mid49,045,570
High56,402,406

Capital Structure

ComponentValue
Net Debt-204,094,000
Shares Outstanding65,876,727
WACC8.64%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin29.75%17.61%
NOPAT (Earnings)49,045,57029,033,502
Enterprise Value567,757,172336,095,161

Valuation Details

MetricLowMidHigh
Enterprise Value482,593,596567,757,172652,920,748
(-) Net Debt-204,094,000-204,094,000-204,094,000
(=) Equity Value686,687,596771,851,172857,014,748
(/) Shares Outstanding65,876,72765,876,72765,876,727
(=) Fair Value$10.42$11.72$13.01
Live Price$8.50$8.50$8.50
Upside %22.63%37.84%53.05%

High-Upside EPV Screener

US Market Global Market
« 3 »
Ticker Company Price EPV Upside
FTAI-PB Fortress Transportation and Infrastructure Investors LLC $24.26 $36.89 52.08%
BXS BancorpSouth Bank $28.76 $36.84 28.11%
CFG-PD Citizens Financial Group, Inc. $24.99 $36.68 46.78%
FCCO First Community Corporation $29.65 $36.19 22.04%
DCOM Dime Community Bancshares, Inc. $29.85 $35.66 19.47%
WEYS Weyco Group, Inc. $30.49 $35.51 16.47%
COG Cabot Oil & Gas Corporation $22.25 $35.41 59.13%
LARK Landmark Bancorp, Inc. $24.98 $35.33 41.44%
CBK Commercial Bancgroup, Inc. Common Stock $24.49 $34.65 41.50%
AVBH Avidbank Holdings, Inc. $26.55 $34.60 30.31%
AJXA Great Ajax Corp. 7.25 CV SR NT 24 $25.07 $34.59 37.99%
HAFC Hanmi Financial Corporation $27.66 $34.57 24.99%
UNB Union Bankshares, Inc. $23.74 $34.28 44.41%
BSIG BrightSphere Investment Group Inc. $25.49 $34.24 34.32%
0HST.L Campbell Soup Company $26.65 $34.22 28.42%
MBNKP Medallion Bank $25.43 $33.64 32.28%
NECB Northeast Community Bancorp, Inc. $22.43 $33.35 48.68%
REPX Riley Exploration Permian, Inc. $24.77 $33.14 33.78%
COSO CoastalSouth Bancshares, Inc. $23.00 $32.37 40.73%
CCD Calamos Dynamic Convertible and Income Fund $21.92 $32.28 47.26%
TRINL Trinity Capital Inc. - 7.00% No $25.07 $32.06 27.89%
BXSL Blackstone Secured Lending Fund $26.57 $31.80 19.69%
DUKB Duke Energy Corporation 5.625% $24.65 $30.93 25.49%
EBSB Meridian Bancorp, Inc. $24.15 $30.62 26.80%
PCB PCB Bancorp $21.55 $30.58 41.88%
CII BlackRock Enhanced Capital and Income Fund, Inc. $23.42 $30.20 28.93%
FMBI First Midwest Bancorp, Inc. $21.51 $30.15 40.17%
RNP Cohen & Steers REIT and Preferred Income Fund, Inc. $20.25 $29.65 46.44%
BCAL Southern California Bancorp $18.79 $29.21 55.46%
AMRB American River Bankshares $20.91 $28.63 36.90%
CSTR CapStar Financial Holdings, Inc. $20.10 $28.30 40.77%
PAA Plains All American Pipeline, L.P. $18.06 $27.57 52.67%
HNVR Hanover Bancorp, Inc. $22.82 $27.49 20.47%
PAGP Plains GP Holdings, L.P. $19.25 $27.30 41.82%
SFD SMITHFIELD FOODS INC $21.72 $26.44 21.71%
USNA USANA Health Sciences, Inc. $19.49 $26.31 35.01%
FBP First BanCorp. $21.25 $26.24 23.49%
KROS Keros Therapeutics, Inc. $17.79 $26.23 47.46%
CWBC Community West Bancshares $22.64 $26.05 15.06%
RYN Rayonier Inc. $21.82 $25.45 16.61%
MRBK Meridian Corporation $17.51 $25.13 43.54%
NBBK NB Bancorp, Inc. Common Stock $19.96 $24.85 24.48%
UPBD Upbound Group, Inc. $18.70 $24.77 32.46%
JPI Nuveen Preferred Securities & Income Opportunities Fund $20.33 $24.69 21.43%
HBB Hamilton Beach Brands Holding Company $16.56 $24.63 48.71%
CZNC Citizens & Northern Corporation $20.19 $24.35 20.61%
DRQ Dril-Quip, Inc. $15.41 $24.26 57.42%
TRIN Trinity Capital Inc. $15.47 $24.21 56.49%
PFBI Premier Financial Bancorp, Inc. $17.79 $24.03 35.10%
FDUS Fidus Investment Corporation $19.71 $24.03 21.92%