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

KKR Real Estate Finance Trust has reported Operating Expenses for 11 years, with the latest figure at $91.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 1741.05% year-over-year to $91.8 million; the trailing twelve-month figure through Mar 2026 stood at $236.6 million (up 133.12% YoY), and the FY2025 full-year result was $185.8 million, up 26.69% from the prior year.
• Operating Expenses for Q1 2026 stood at $91.8 million, up from $59.7 million in the prior quarter.
• The five-year high for Operating Expenses was $94.1 million in Q3 2022, with the low at $5.0 million in Q1 2025.
• Historically, Operating Expenses has averaged $46.4 million across 5 years, with a median of $50.1 million in 2024.
• Annual changes were most pronounced in 2025 — Operating Expenses sank 90.06% — and 2026, when it jumped 1741.05%.
• KKR Real Estate Finance Trust's Operating Expenses stood at $36.6 million in 2022, then soared by 73.86% to $63.6 million in 2023, then sank by 68.24% to $20.2 million in 2024, then jumped by 195.86% to $59.7 million in 2025, then soared by 53.61% to $91.8 million in 2026.
• The last three Operating Expenses figures came in at $91.8 million (Q1 2026), $59.7 million (Q4 2025), and $18.6 million (Q3 2025), per Business Quant data.