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:   2022-04-25T23:59:59+00:00
Accession:  0001631596-22-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF Q1 distributable earnings $29.8M; book value per share rises to $19.46
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- Net income attributable to common stockholders $29.8M ($0.47 basic EPS) vs $35.2M ($0.59) in Q4 2021.
- Distributable earnings $29.8M ($0.47/sh) vs $(2.9)M in Q4; reflects strong operating performance.
- Originated $843.6M in floating-rate loans; funded $618.1M at weighted avg LTV 66% and coupon 3.4%.
- Closed $1.0B multifamily CLO; increased revolver to $520M and term lending to $750M.
- Book value per share $19.46, up for 8th consecutive quarter; liquidity $759.3M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000023/0001631596-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000023/kref-20220425.htm
  HTML page:      https://secwatch.observer/filing/0001631596-22-000023

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