KKR Real Estate Finance Trust (KREF) Interest Expenses (2016 - 2026)
KKR Real Estate Finance Trust's (KREF) quarterly Interest Expenses came in at $67.3 million in Q2 2026, down 18.02% YoY from $82.1 million in Q2 2025, and down 3.46% on a QoQ basis from $69.7 million in Q1 2026.
KKR Real Estate Finance Trust (KREF) Interest Expenses (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has 11 years of Interest Expenses data on file, last reported at $67.3 million in Q2 2026.
- Quarterly Interest Expenses fell 18.02% year-over-year to $67.3 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $295.3 million (down 17.63% YoY) and the FY2025 annual result came in at $323.0 million, down 21.78% from the prior year.
- Interest Expenses fell to $67.3 million in Q2 2026, from $69.7 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $118.6 million in Q3 2023 to a low of $32.5 million in Q1 2022.
- A 5-year average of $87.2 million and a median of $86.6 million in 2024 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2023 — Interest Expenses jumped 226.49% — and 2024, when it fell 25.36%.
- Tracing KREF's Interest Expenses over 5 years: stood at $91.6 million in 2022, then increased by 29.41% to $118.5 million in 2023, then slipped by 25.36% to $88.5 million in 2024, then declined by 14.61% to $75.5 million in 2025, then decreased by 10.91% to $67.3 million in 2026.
- The last three Interest Expenses figures came in at $67.3 million (Q2 2026), $69.7 million (Q1 2026), and $75.5 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 1.32 Bn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 709.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 344.58 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 201.50 Mn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 208.97 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 227.18 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 285.73 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 98.55 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 104.22 Mn |
| 10 | KKR Real Estate Finance Trust | 456.61 Mn | 373.55 Mn | - | 67.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 67.31 Mn |
| Jun 30, 2026 | 67.31 Mn |
| Mar 31, 2026 | 69.72 Mn |
| Mar 31, 2026 | 69.72 Mn |
| Dec 31, 2025 | 75.55 Mn |
| Dec 31, 2025 | 75.55 Mn |
| Sep 30, 2025 | 82.69 Mn |
| Sep 30, 2025 | 82.69 Mn |
| Jun 30, 2025 | 82.10 Mn |
| Jun 30, 2025 | 82.10 Mn |
| Mar 31, 2025 | 84.72 Mn |
| Mar 31, 2025 | 84.72 Mn |
| Dec 31, 2024 | 88.48 Mn |
| Dec 31, 2024 | 88.48 Mn |
| Sep 30, 2024 | 103.15 Mn |
| Sep 30, 2024 | 103.15 Mn |
| Jun 30, 2024 | 108.82 Mn |
| Jun 30, 2024 | 108.82 Mn |
| Mar 31, 2024 | 112.48 Mn |
| Mar 31, 2024 | 112.48 Mn |