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:   2021-10-25T23:59:59+00:00
Accession:  0001631596-21-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159621000048/0001631596-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159621000048/kref-20211025.htm
  HTML page:      https://secwatch.observer/filing/0001631596-21-000048

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