secwatch.observer — SEC 8-K summary
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Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001628280-25-045715
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000162828025045715/0001628280-25-045715-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000162828025045715/kref-20251021.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-045715

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