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| Date | Value |
|---|---|
| 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 |