KKR Real Estate Finance Trust (KREF) Accumulated Expenses (2016 - 2025)

KKR Real Estate Finance Trust (KREF) reported Accumulated Expenses of $12.9 million for Q4 2025, down 35.34% on a YoY basis from $19.9 million in Q4 2024, and up 361.29% quarter-over-quarter from $2.8 million in Q3 2025.

KKR Real Estate Finance Trust (KREF) Accumulated Expenses (2016 - 2025) Analysis & Trends

KKR Real Estate Finance Trust has reported Accumulated Expenses for 10 years, with the latest figure at $12.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Accumulated Expenses fell 35.34% year-over-year to $12.9 million; the trailing twelve-month figure through Dec 2025 stood at $12.9 million (down 35.34% YoY), and the FY2025 full-year result was $12.9 million, down 35.34% from the prior year.
  • Accumulated Expenses for Q4 2025 stood at $12.9 million, up from $2.8 million in the prior quarter.
  • The five-year high for Accumulated Expenses was $22.8 million in Q3 2024, with the low at $1.8 million in Q2 2021.
  • Historically, Accumulated Expenses has averaged $12.8 million across 5 years, with a median of $14.8 million in 2022.
  • Annual changes were most pronounced in 2023 — Accumulated Expenses jumped 767.96% — and 2025, when it plunged 87.72%.
  • KKR Real Estate Finance Trust's Accumulated Expenses stood at $6.6 million in 2021, then jumped by 169.49% to $17.9 million in 2022, then grew by 13.15% to $20.2 million in 2023, then declined by 1.33% to $19.9 million in 2024, then tumbled by 35.34% to $12.9 million in 2025.
  • The last three Accumulated Expenses figures came in at $12.9 million (Q4 2025), $2.8 million (Q3 2025), and $2.3 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Annaly Capital Management 15.34 Bn 13.08 Bn -
2 AGNC Investment 11.42 Bn 10.75 Bn -
3 Starwood Property Trust 6.25 Bn 6.25 Bn -
4 Rithm Capital 5.08 Bn 4.78 Bn -
5 Blackstone Mortgage Trust 3.10 Bn 2.56 Bn -
6 Dynex Capital 2.58 Bn 1.80 Bn -
7 Armour Residential REIT 2.05 Bn 1.32 Bn -
8 Ellington Financial 1.67 Bn 1.39 Bn -
9 Two Harbors Investment 1.29 Bn 746.67 Mn -
10 KKR Real Estate Finance Trust 447.54 Mn 369.35 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 12.89 Mn
Sep 30, 2025 2.80 Mn
Jun 30, 2025 2.31 Mn
Mar 31, 2025 14.76 Mn
Dec 31, 2024 19.94 Mn
Sep 30, 2024 22.76 Mn
Jun 30, 2024 16.70 Mn
Mar 31, 2024 19.25 Mn
Dec 31, 2023 20.21 Mn
Sep 30, 2023 19.39 Mn
Jun 30, 2023 18.27 Mn
Mar 31, 2023 21.70 Mn
Dec 31, 2022 17.86 Mn
Sep 30, 2022 14.82 Mn
Jun 30, 2022 9.84 Mn
Mar 31, 2022 2.50 Mn
Dec 31, 2021 6.63 Mn
Sep 30, 2021 7.50 Mn
Jun 30, 2021 1.80 Mn
Mar 31, 2021 3.20 Mn