KKR Real Estate Finance Trust (KREF) Accumulated Expenses (2016 - 2025)
KKR Real Estate Finance Trust's (KREF) quarterly Accumulated Expenses came in at $12.9 million in Q4 2025, down 35.34% on a YoY basis from $19.9 million in Q4 2024, and up 1.68% quarter-over-quarter from $12.7 million in Q3 2025.
Analysis
KKR Real Estate Finance Trust (KREF) Accumulated Expenses (2016 - 2025) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Accumulated Expenses for 10 consecutive years, with $12.9 million the latest figure, recorded 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 grew to $12.9 million in Q4 2025 per KREF's latest filing, from $12.7 million in the prior quarter.
- Across five years, Accumulated Expenses topped out at $22.8 million in Q3 2024 and bottomed at $5.4 million in Q2 2021.
- Historically, Accumulated Expenses has averaged $14.6 million across 5 years, with a median of $14.8 million in 2022.
- The sharpest annual moves came in 2022 and 2025: Accumulated Expenses surged 169.49% in 2022, then plunged 44.3% in 2025.
- Over 5 years, Accumulated Expenses stood at $6.6 million in 2021, then soared by 169.49% to $17.9 million in 2022, then rose by 13.15% to $20.2 million in 2023, then retreated by 1.33% to $19.9 million in 2024, then sank by 35.34% to $12.9 million in 2025.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $12.9 million, $12.7 million, and $13.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 12.89 Mn |
| Sep 30, 2025 | 12.68 Mn |
| Jun 30, 2025 | 13.04 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 | 9.53 Mn |
| Dec 31, 2021 | 6.63 Mn |
| Sep 30, 2021 | 7.50 Mn |
| Jun 30, 2021 | 5.43 Mn |
| Mar 31, 2021 | 7.87 Mn |