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:   2026-02-03T23:59:59+00:00
Accession:  0001628280-26-005088
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF reports Q4 net loss of $0.49/share; CECL allowance rises $43.7M on risk-rated 5 loans
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- Net loss of $32.0M in Q4 ($0.49 diluted EPS); full year loss $69.9M ($1.05/share).
- Distributable Earnings (non-GAAP) of $14.4M ($0.22/diluted share) in Q4; full year $26.3M ($0.39).
- CECL allowance increased $43.7M in Q4 to $204.1M ($3.15/share), primarily for risk-rated 5 loans.
- Book value per share fell to $13.04 from $13.78 in prior quarter; dividend held at $0.25/share.
- Liquidity $887M; new $250M term lending and £300M credit agreements entered in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000162828026005088/0001628280-26-005088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000162828026005088/kref-20260203.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-005088

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