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:   2022-10-24T23:59:59+00:00
Accession:  0001631596-22-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KKR Real Estate Finance Trust reports Q3 net loss of $48.4M, driven by $80.6M CECL increase
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- Net loss attributable to common stockholders $(48.4)M ($(0.70)/share) vs. net income $19.4M ($0.28) in Q2.
- Distributable Earnings $34.4M ($0.50/share) up from $33.1M ($0.48) in Q2.
- CECL allowance increased $80.6M to $114.9M, primarily due to office sector uncertainty.
- Portfolio $7.6B, 100% floating rate, avg LTV 67%; liquidity $916.2M incl. $183.3M cash.
- Repurchased 587,890 shares at avg $17.42; YTD total 2,085,370 shares at $17.13.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000045/0001631596-22-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159622000045/kref-20221024.htm
  HTML page:      https://secwatch.observer/filing/0001631596-22-000045

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