secwatch.observer — SEC 8-K summary
======================================

Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2026-04-22T23:59:59+00:00
Accession:  0001628280-26-026573
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000162828026026573/0001628280-26-026573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000162828026026573/a202603-kref8xk.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-026573

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer