KKR Real Estate Finance Trust (KREF) Capital Expenditures (2016 - 2026)
KKR Real Estate Finance Trust (KREF) recorded Capital Expenditures of $9.83 million in Q3 2026, down 8.8% from $10.78 million a year earlier and down 55.5% from the prior quarter.
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Analysis
KKR Real Estate Finance Trust (KREF) Capital Expenditures (2016 - 2026) Analysis & Trends
On a TTM basis, KKR Real Estate Finance Trust's Capital Expenditures came in at $37.54 million as of Sep 30, 2026, up 388.8% year-over-year; for FY2025, it was $10.37 million, up 22.4% from FY2024.
- Annual Capital Expenditures has increased for three straight years, with a three-year compound annual growth rate of 84.1% (FY2022 to FY2025).
- Across earlier years, Capital Expenditures came in at $8.47 million in FY2024 (+355.3%), $1.86 million in FY2023 (+11.9%) and $1.66 million in FY2022.
- Quarterly Capital Expenditures has ranged from -$4.4 million in Q2 2025 to $22.06 million in Q2 2026 over the past five years.
- On a year-over-year basis, Capital Expenditures rose in 1 of the last four quarters, with an average decline of 3.6%.
- Peak year-over-year performance for Capital Expenditures in the last five years was growth of 221.6% in Q3 2024, against a decline of 95.8% in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at $22.06 million (Q2 2026), $2.94 million (Q1 2026) and $2.71 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 43.00 Mn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | - |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 62.51 Mn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 1.02 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | - |
| 10 | KKR Real Estate Finance Trust | 308.52 Mn | -98.81 Mn | - | 9.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 9.83 Mn |
| Jun 30, 2026 | 22.06 Mn |
| Mar 31, 2026 | 2.94 Mn |
| Dec 31, 2025 | 2.71 Mn |
| Sep 30, 2025 | 10.78 Mn |
| Jun 30, 2025 | -4.40 Mn |
| Mar 31, 2025 | 1.28 Mn |
| Dec 31, 2024 | 20,000.00 |
| Sep 30, 2024 | 685,000.00 |
| Jun 30, 2024 | 5.65 Mn |
| Mar 31, 2024 | 2.11 Mn |
| Dec 31, 2023 | 473,000.00 |
| Sep 30, 2023 | 213,000.00 |
| Jun 30, 2023 | 306,000.00 |
| Mar 31, 2023 | 868,000.00 |
| Dec 31, 2022 | 543,000.00 |
| Sep 30, 2022 | 520,000.00 |
| Jun 30, 2022 | 599,000.00 |
| Sep 30, 2016 | 24,000.00 |
| Jun 30, 2016 | 49,000.00 |
API Access
KKR Real Estate Finance Trust Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=KREF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "KREF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=KREF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();