earnings
confidence high
sentiment neutral
materiality 0.70
KREF reports Q3 net income $0.12/shr vs loss $0.53 Q2; distributable loss of $0.03/shr
KKR Real Estate Finance Trust Inc.
2025-Q3 EPS reported
-$0.56
- Net income $8.1M ($0.12/shr) vs net loss ($35.4M) ($0.53/shr) in Q2; distributable loss ($2.3M) ($0.03/shr).
- Originated $131.9M in two floating-rate loans (multifamily); received $479.7M loan repayments.
- Upsized secured term loan to $650M, spread cut 75bps to S+2.50%; revolver increased $40M to $700M.
- Realized $14.4M loss resolving a risk-rated 5 loan via deed-in-lieu; repurchased $4.2M in stock.
- Book value per share $13.78 (incl. $2.45/shr CECL); liquidity $933M; dividend $0.25/shr unchanged.