---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-22-000011"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2022-02-08T23:59:59+00:00"
generated_at: "2026-06-27T10:09:08.935168+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KREF Q4 net income $35.2M ($0.59/sh); record 2021 originations $4.8B; book value $19.37

## Summary
- Q4 net income $35.2M ($0.59/sh); DE ($2.9M) incl. $32.1M realized loss on loan write-off.
- Full-year net income $125.6M ($2.21/sh); DE $92.4M ($1.63/sh).
- Record 2021 originations $4.8B (428% vs 2020); Q4 originations $1.8B, 18 floating-rate loans at L+3.0%, 68% LTV.
- Completed common equity offering of 5.5M shares at $21.76, net $120.4M, $0.22 accretive to book value.
- Portfolio 100% performing, 100% floating-rate, $6.7B funded; closed $1.3B CLO and $350M term loan at improved L+3.50%.

## SEC filing metadata
- accession: 0001631596-22-000011
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2022-02-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1631596/000163159622000011/0001631596-22-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159622000011/kref-20220208.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-22-000011
- JSON: https://secwatch.observer/filing/0001631596-22-000011.json
- Plain text: https://secwatch.observer/filing/0001631596-22-000011.txt

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