---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026573"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:53:56.602872+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KREF Q1 net loss widens to $61.9M; distributable loss; dividend slashed to $0.10

## Summary
- Net loss of $61.9M ($0.96 diluted EPS) vs prior quarter loss of $32M; CECL provision $73.5M.
- Distributable loss of $4.1M vs distributable earnings of $14.4M prior quarter; dividend cut to $0.10/share from $0.25.
- Book value per share $11.87, inclusive of CECL allowance of $4.03/sh; CECL allowance increased $73.5M.
- Originated $184M floating-rate senior loan on UK industrial portfolio; received $415M repayments including $312M on office loans.
- Board authorized $75M stock repurchase program for common and preferred; leased REO property in Mountain View to OpenAI.

## SEC filing metadata
- accession: 0001628280-26-026573
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000162828026026573/0001628280-26-026573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000162828026026573/a202603-kref8xk.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026573
- JSON: https://secwatch.observer/filing/0001628280-26-026573.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026573.txt

## Key facts
- Earnings Releases
  KKR Real Estate Finance Trust Inc. reported quarter ended March 31, 2026 results: net income ($61.9) million, or ($0.96) per diluted share of common stock, EPS ($0.96) per diluted share.
  - Period: quarter ended March 31, 2026
  - Net income: ($61.9) million, or ($0.96) per diluted share of common stock
  - EPS: ($0.96) per diluted share
  - Result: reported results
  source text: KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today reported its financial results for the quarter ended March 31, 2026. Reported net loss attributable to common stockholders of ($61.9) million, or ($0.96) per diluted share of common stock, for the three months ended March 31, 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631596/000162828026026573/0001628280-26-026573-index.htm

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