---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-21-000048"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2021-10-25T23:59:59+00:00"
generated_at: "2026-06-28T18:27:59.807958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF Q3 2021 net income $32M ($0.57 diluted); distributable earnings $0.62; BVPS $19.09

## Summary
- Net income of $32.0M ($0.57 diluted) vs $29.3M ($0.52) Q2 2021; distributable earnings $34.5M ($0.62).
- Originated eight senior loans totaling $1.5B; received $934.9M in repayments.
- Closed $1.3B managed CLO with 84.25% advance rate; entered new $500M non-mark-to-market term facility.
- Funded loan portfolio $5.8B, 98% performing, 99.9% floating-rate, weighted average LTV 67%.
- Book value per share $19.09, up from $18.91 in Q2; sixth consecutive quarterly accretion.

## SEC filing metadata
- accession: 0001631596-21-000048
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2021-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1631596/000163159621000048/0001631596-21-000048-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159621000048/kref-20211025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-21-000048
- JSON: https://secwatch.observer/filing/0001631596-21-000048.json
- Plain text: https://secwatch.observer/filing/0001631596-21-000048.txt

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