KKR Real Estate Finance Trust (KREF) Operating Expenses (2016 - 2026)

KKR Real Estate Finance Trust (KREF) has reported Operating Expenses for 11 consecutive years, with $138.3 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 108.12% year-over-year to $138.3 million; the trailing twelve-month figure through Jun 2026 stood at $308.4 million (up 69.59% YoY), and the FY2025 full-year result was $185.8 million, up 26.69% from the prior year.
• Operating Expenses climbed to $138.3 million in Q2 2026 per KREF's latest filing, from $91.8 million in the prior quarter.
• Across five years, Operating Expenses topped out at $138.3 million in Q2 2026 and bottomed at $11.8 million in Q1 2022.
• Historically, Operating Expenses has averaged $53.5 million across 5 years, with a median of $52.2 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 683.78% in 2022, then plunged 75.49% in 2023.
• Over 5 years, Operating Expenses stood at $36.6 million in 2022, then surged by 73.86% to $63.6 million in 2023, then tumbled by 68.24% to $20.2 million in 2024, then soared by 195.86% to $59.7 million in 2025, then jumped by 131.49% to $138.3 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $138.3 million, $91.8 million, and $59.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.