KKR & Co. Asset Management and Strategic Holdings — Operating lease cost increased by 30.7% to $28.10M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 8.2%, from $30.60M to $28.10M. Over 3 years (FY 2022 to FY 2025), Asset Management and Strategic Holdings — Operating lease cost shows an upward trend with a 23.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Increases reflect higher rental rates or expanded office footprints, impacting the segment's operating margin.
This represents the total periodic expense recognized for operating leases, primarily consisting of rent for office spac...
Standard operating expense under ASC 842, comparable across all firms with leased office space.
kkr_segment_asset_management_and_strategic_holdings_operating_lease_cost| Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.55M | $13.55M | $13.55M | $13.55M | $15.70M | $17.70M | $17.60M | $16.80M | $16.60M | $16.70M | $25.80M | $30.60M | $27.10M | $26.50M | $21.50M | $28.10M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +15.9% | +12.7% | -0.6% | -4.5% | -1.2% | +0.6% | +54.5% | +18.6% | -11.4% | -2.2% | -18.9% | +30.7% |
| YoY Change | — | — | — | — | +15.9% | +30.6% | +29.9% | +24.0% | +5.7% | -5.6% | +46.6% | +82.1% | +63.3% | +58.7% | -16.7% | -8.2% |