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:   2022-07-25T23:59:59+00:00
Accession:  0001631596-22-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF Q2 net income $19.4M ($0.28/sh), distributable earnings $33.1M ($0.48/sh); originations $1.03B
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- Net income $19.4M ($0.28 diluted) vs $29.8M ($0.46) in Q1; distributable earnings $33.1M ($0.48) vs $29.8M ($0.47).
- Originated $1.03B floating-rate multifamily/industrial loans; funded $948M; repaid $444M; portfolio $7.8B 100% performing.
- Completed 2.75M share offering at $19.51 for $53.7M net; repurchased 1.04M shares at $17.28 avg ($18.1M) in June.
- Added $450M non-mark-to-market financing facilities; increased revolver to $610M with March 2027 maturity.
- Book value $19.36/sh; CECL allowance $34.3M increased by $11.8M during Q2; average risk rating 3.0.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000031/0001631596-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000031/kref-20220725.htm
  HTML page:      https://secwatch.observer/filing/0001631596-22-000031

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