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:   2022-02-08T23:59:59+00:00
Accession:  0001631596-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000011/0001631596-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000011/kref-20220208.htm
  HTML page:      https://secwatch.observer/filing/0001631596-22-000011

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