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Side-by-side financial comparison of KKR Real Estate Finance Trust Inc. (KREF) and PS International Group Ltd. (PSIG). Click either name above to swap in a different company.

KKR Real Estate Finance Trust Inc. is the larger business by last-quarter revenue ($25.8M vs $23.2M, roughly 1.1× PS International Group Ltd.). PS International Group Ltd. runs the higher net margin — -1.8% vs -101.7%, a 100.0% gap on every dollar of revenue.

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.

P.S. Fashion is an international brand from Serbia. It is the flagship chain store of the P.S. Fashion Design, clothing company headquartered in Čačak, Serbia.

KREF vs PSIG — Head-to-Head

Bigger by revenue
KREF
KREF
1.1× larger
KREF
$25.8M
$23.2M
PSIG
Higher net margin
PSIG
PSIG
100.0% more per $
PSIG
-1.8%
-101.7%
KREF

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
KREF
KREF
PSIG
PSIG
Revenue
$25.8M
$23.2M
Net Profit
$-26.2M
$-415.2K
Gross Margin
0.9%
Operating Margin
-105.1%
-8.4%
Net Margin
-101.7%
-1.8%
Revenue YoY
-26.6%
Net Profit YoY
-229.6%
EPS (diluted)
$-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
KREF
KREF
PSIG
PSIG
Q4 25
$25.8M
Q3 25
$25.3M
Q2 25
$30.2M
$23.2M
Q1 25
$31.3M
Q4 24
$35.1M
Q3 24
$37.0M
Q2 24
$40.4M
$39.4M
Q1 24
$39.1M
Net Profit
KREF
KREF
PSIG
PSIG
Q4 25
$-26.2M
Q3 25
$13.8M
Q2 25
$-29.7M
$-415.2K
Q1 25
$-4.9M
Q4 24
$20.3M
Q3 24
$-7.4M
Q2 24
$25.8M
$-445.6K
Q1 24
$-3.1M
Gross Margin
KREF
KREF
PSIG
PSIG
Q4 25
Q3 25
Q2 25
0.9%
Q1 25
Q4 24
Q3 24
Q2 24
3.1%
Q1 24
Operating Margin
KREF
KREF
PSIG
PSIG
Q4 25
-105.1%
Q3 25
50.4%
Q2 25
-101.3%
-8.4%
Q1 25
-18.3%
Q4 24
55.8%
Q3 24
-19.6%
Q2 24
63.3%
-1.2%
Q1 24
-8.7%
Net Margin
KREF
KREF
PSIG
PSIG
Q4 25
-101.7%
Q3 25
54.4%
Q2 25
-98.5%
-1.8%
Q1 25
-15.5%
Q4 24
57.7%
Q3 24
-20.0%
Q2 24
63.9%
-1.1%
Q1 24
-7.9%
EPS (diluted)
KREF
KREF
PSIG
PSIG
Q4 25
$-0.49
Q3 25
$0.12
Q2 25
$-0.53
Q1 25
$-0.15
Q4 24
$0.22
Q3 24
$-0.19
Q2 24
$0.29
Q1 24
$-0.13

Balance Sheet & Financial Strength

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

Metric
KREF
KREF
PSIG
PSIG
Cash + ST InvestmentsLiquidity on hand
$84.6M
$7.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$10.9M
Total Assets
$6.5B
$15.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KREF
KREF
PSIG
PSIG
Q4 25
$84.6M
Q3 25
$204.1M
Q2 25
$107.7M
$7.0M
Q1 25
$106.4M
Q4 24
$104.9M
Q3 24
$108.8M
Q2 24
$107.2M
$8.6M
Q1 24
$106.5M
Stockholders' Equity
KREF
KREF
PSIG
PSIG
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
$10.9M
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
$12.4M
Q1 24
$1.4B
Total Assets
KREF
KREF
PSIG
PSIG
Q4 25
$6.5B
Q3 25
$6.5B
Q2 25
$6.8B
$15.6M
Q1 25
$6.6B
Q4 24
$6.4B
Q3 24
$6.8B
Q2 24
$7.1B
$27.5M
Q1 24
$7.3B

Cash Flow & Capital Efficiency

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

Metric
KREF
KREF
PSIG
PSIG
Operating Cash FlowLast quarter
$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
KREF
KREF
PSIG
PSIG
Q4 25
$72.3M
Q3 25
$18.5M
Q2 25
$21.1M
Q1 25
$15.9M
Q4 24
$132.6M
Q3 24
$49.1M
Q2 24
$30.6M
Q1 24
$34.5M
Cash Conversion
KREF
KREF
PSIG
PSIG
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.

Revenue Breakdown by Segment

KREF
KREF

Segment breakdown not available.

PSIG
PSIG

Air freight$22.6M97%
Ocean freight$599.6K3%
Ancillary logistic services$35.8K0%

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