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% on a YoY basis from $82.1 million in Q2 2025, and down 3.46% quarter-over-quarter from $69.7 million in Q1 2026.
Analysis
KKR Real Estate Finance Trust (KREF) Interest Expenses (2016 - 2026) Analysis & Trends
KKR Real Estate Finance Trust (KREF) has reported Interest Expenses for 11 consecutive years, with $67.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Interest Expenses fell 18.02% year-over-year to $67.3 million; the trailing twelve-month figure through Jun 2026 stood at $295.3 million (down 17.14% YoY), and the FY2025 full-year result was $323.0 million, down 21.78% from the prior year.
- Interest Expenses eased to $67.3 million in Q2 2026 per KREF's latest filing, from $69.7 million in the prior quarter.
- Across five years, Interest Expenses topped out at $118.6 million in Q3 2023 and bottomed at $32.5 million in Q1 2022.
- Historically, Interest Expenses has averaged $87.1 million across 5 years, with a median of $85.6 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Interest Expenses surged 226.49% in 2023, then slipped 26.54% in 2025.
- Over 5 years, Interest Expenses stood at $91.6 million in 2022, then gained by 29.41% to $118.5 million in 2023, then declined by 25.36% to $88.5 million in 2024, then retreated by 14.61% to $75.5 million in 2025, then dropped by 10.91% to $67.3 million in 2026.
- According to Business Quant data, Interest Expenses over the past three periods registered $67.3 million, $69.7 million, and $75.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Int Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 1.32 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | 709.00 Mn |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | 344.58 Mn |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 15.50 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | 208.97 Mn |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | 89.56 Mn |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | 227.18 Mn |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 98.55 Mn |
| 10 | KKR Real Estate Finance Trust | 468.79 Mn | 385.73 Mn | - | 67.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 67.31 Mn |
| Mar 31, 2026 | 69.72 Mn |
| Dec 31, 2025 | 75.55 Mn |
| Sep 30, 2025 | 82.69 Mn |
| Jun 30, 2025 | 82.10 Mn |
| Mar 31, 2025 | 82.63 Mn |
| Dec 31, 2024 | 88.48 Mn |
| Sep 30, 2024 | 103.15 Mn |
| Jun 30, 2024 | 108.82 Mn |
| Mar 31, 2024 | 112.48 Mn |
| Dec 31, 2023 | 118.53 Mn |
| Sep 30, 2023 | 118.62 Mn |
| Jun 30, 2023 | 115.68 Mn |
| Mar 31, 2023 | 105.98 Mn |
| Dec 31, 2022 | 91.59 Mn |
| Sep 30, 2022 | 67.31 Mn |
| Jun 30, 2022 | 44.73 Mn |
| Mar 31, 2022 | 32.46 Mn |
| Dec 31, 2021 | 30.27 Mn |
| Sep 30, 2021 | 29.83 Mn |