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Side-by-side financial comparison of Creative Media & Community Trust Corp (CMCT) and KKR Real Estate Finance Trust Inc. (KREF). Click either name above to swap in a different company.

Creative Media & Community Trust Corp is the larger business by last-quarter revenue ($28.5M vs $25.8M, roughly 1.1× KKR Real Estate Finance Trust Inc.). KKR Real Estate Finance Trust Inc. runs the higher net margin — -101.7% vs -125.8%, a 24.0% gap on every dollar of revenue. On growth, Creative Media & Community Trust Corp posted the faster year-over-year revenue change (3.6% vs -26.6%). Over the past eight quarters, Creative Media & Community Trust Corp's revenue compounded faster (-8.5% CAGR vs -18.8%).

Creative Media & Community Trust Corp is a U.S.-headquartered real estate investment trust operating two core segments: it owns, manages and develops creative media facilities including professional film and TV production studios, plus community-focused assets such as affordable housing, neighborhood healthcare centers and local commercial spaces, serving media operators and local communities nationwide.

KKR Real Estate Finance Trust Inc. is a specialized real estate finance firm sponsored by global investment firm KKR. It primarily originates, acquires, and manages a portfolio of senior secured commercial real estate loans, mostly backed by high-quality institutional commercial properties across the United States, delivering stable risk-adjusted returns to investors via interest income from its diversified assets.

CMCT vs KREF — Head-to-Head

Bigger by revenue
CMCT
CMCT
1.1× larger
CMCT
$28.5M
$25.8M
KREF
Growing faster (revenue YoY)
CMCT
CMCT
+30.2% gap
CMCT
3.6%
-26.6%
KREF
Higher net margin
KREF
KREF
24.0% more per $
KREF
-101.7%
-125.8%
CMCT
Faster 2-yr revenue CAGR
CMCT
CMCT
Annualised
CMCT
-8.5%
-18.8%
KREF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMCT
CMCT
KREF
KREF
Revenue
$28.5M
$25.8M
Net Profit
$-11.4M
$-26.2M
Gross Margin
Operating Margin
-125.6%
-105.1%
Net Margin
-125.8%
-101.7%
Revenue YoY
3.6%
-26.6%
Net Profit YoY
-11.4%
-229.6%
EPS (diluted)
$-3.89
$-0.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMCT
CMCT
KREF
KREF
Q4 25
$28.5M
$25.8M
Q3 25
$26.2M
$25.3M
Q2 25
$29.7M
$30.2M
Q1 25
$32.3M
$31.3M
Q4 24
$27.5M
$35.1M
Q3 24
$28.6M
$37.0M
Q2 24
$34.4M
$40.4M
Q1 24
$34.0M
$39.1M
Net Profit
CMCT
CMCT
KREF
KREF
Q4 25
$-11.4M
$-26.2M
Q3 25
$-12.5M
$13.8M
Q2 25
$-9.0M
$-29.7M
Q1 25
$-6.1M
$-4.9M
Q4 24
$-10.3M
$20.3M
Q3 24
$-10.4M
$-7.4M
Q2 24
$-796.0K
$25.8M
Q1 24
$-3.7M
$-3.1M
Operating Margin
CMCT
CMCT
KREF
KREF
Q4 25
-125.6%
-105.1%
Q3 25
-47.7%
50.4%
Q2 25
-30.3%
-101.3%
Q1 25
-19.0%
-18.3%
Q4 24
-128.8%
55.8%
Q3 24
-36.9%
-19.6%
Q2 24
-1.6%
63.3%
Q1 24
-10.7%
-8.7%
Net Margin
CMCT
CMCT
KREF
KREF
Q4 25
-125.8%
-101.7%
Q3 25
-47.5%
54.4%
Q2 25
-30.3%
-98.5%
Q1 25
-18.9%
-15.5%
Q4 24
-129.8%
57.7%
Q3 24
-36.3%
-20.0%
Q2 24
-2.3%
63.9%
Q1 24
-11.0%
-7.9%
EPS (diluted)
CMCT
CMCT
KREF
KREF
Q4 25
$-3.89
$-0.49
Q3 25
$-23.52
$0.12
Q2 25
$-18.94
$-0.53
Q1 25
$-20.73
$-0.15
Q4 24
$97.71
$0.22
Q3 24
$-305.04
$-0.19
Q2 24
$-98.64
$0.29
Q1 24
$-125.46
$-0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMCT
CMCT
KREF
KREF
Cash + ST InvestmentsLiquidity on hand
$15.4M
$84.6M
Total DebtLower is stronger
$509.8M
Stockholders' EquityBook value
$265.4M
$1.2B
Total Assets
$859.2M
$6.5B
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCT
CMCT
KREF
KREF
Q4 25
$15.4M
$84.6M
Q3 25
$17.3M
$204.1M
Q2 25
$27.8M
$107.7M
Q1 25
$19.8M
$106.4M
Q4 24
$20.3M
$104.9M
Q3 24
$18.5M
$108.8M
Q2 24
$29.3M
$107.2M
Q1 24
$21.3M
$106.5M
Total Debt
CMCT
CMCT
KREF
KREF
Q4 25
$509.8M
Q3 25
$527.8M
Q2 25
$535.6M
Q1 25
$512.7M
Q4 24
$505.7M
Q3 24
$478.3M
Q2 24
$485.1M
Q1 24
$472.8M
Stockholders' Equity
CMCT
CMCT
KREF
KREF
Q4 25
$265.4M
$1.2B
Q3 25
$281.9M
$1.2B
Q2 25
$287.1M
$1.2B
Q1 25
$293.0M
$1.3B
Q4 24
$304.5M
$1.3B
Q3 24
$321.0M
$1.4B
Q2 24
$351.1M
$1.4B
Q1 24
$369.9M
$1.4B
Total Assets
CMCT
CMCT
KREF
KREF
Q4 25
$859.2M
$6.5B
Q3 25
$871.8M
$6.5B
Q2 25
$885.0M
$6.8B
Q1 25
$882.3M
$6.6B
Q4 24
$889.6M
$6.4B
Q3 24
$868.0M
$6.8B
Q2 24
$891.2M
$7.1B
Q1 24
$887.5M
$7.3B
Debt / Equity
CMCT
CMCT
KREF
KREF
Q4 25
1.92×
Q3 25
1.87×
Q2 25
1.87×
Q1 25
1.75×
Q4 24
1.66×
Q3 24
1.49×
Q2 24
1.38×
Q1 24
1.28×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMCT
CMCT
KREF
KREF
Operating Cash FlowLast quarter
$5.8M
$72.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCT
CMCT
KREF
KREF
Q4 25
$5.8M
$72.3M
Q3 25
$3.7M
$18.5M
Q2 25
$-2.5M
$21.1M
Q1 25
$1.2M
$15.9M
Q4 24
$17.0M
$132.6M
Q3 24
$10.3M
$49.1M
Q2 24
$3.9M
$30.6M
Q1 24
$1.6M
$34.5M
Cash Conversion
CMCT
CMCT
KREF
KREF
Q4 25
Q3 25
1.34×
Q2 25
Q1 25
Q4 24
6.54×
Q3 24
Q2 24
1.19×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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