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Compared to Estimates, KKR Real Estate (KREF) Q1 Earnings: A Look at Key Metrics

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For the quarter ended March 2026, KKR Real Estate Finance (KREF - Free Report) reported revenue of $26.19 million, down 16.4% over the same period last year. EPS came in at -$0.06, compared to -$0.15 in the year-ago quarter.

The reported revenue represents a surprise of +10.29% over the Zacks Consensus Estimate of $23.75 million. With the consensus EPS estimate being $0.09, the EPS surprise was -170.59%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how KKR Real Estate performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Total net interest income: $26.19 million versus $23.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -16.4% change.
  • Total other income: $8.41 million versus $6.49 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +117% change.
  • Total other income- Other income: $0.89 million compared to the $1.63 million average estimate based on two analysts. The reported number represents a change of -24.7% year over year.
  • Total other income- Revenue from real estate owned operations: $4.94 million compared to the $4.87 million average estimate based on two analysts. The reported number represents a change of +71.1% year over year.

View all Key Company Metrics for KKR Real Estate here>>>

Shares of KKR Real Estate have returned +5.5% over the past month versus the Zacks S&P 500 composite's +8.6% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.

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