---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-045715"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:02:26.110476+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF reports Q3 net income $0.12/shr vs loss $0.53 Q2; distributable loss of $0.03/shr

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-045715
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000162828025045715/0001628280-25-045715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000162828025045715/kref-20251021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-045715
- JSON: https://secwatch.observer/filing/0001628280-25-045715.json
- Plain text: https://secwatch.observer/filing/0001628280-25-045715.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.