KREF Q4 net income $0.21/shr, FY $0.23; CECL provision pressure; BVPS $18.00

KKR Real Estate Finance Trust Inc.

2022-FY EPS reported $0.23

Q4 net income $14.6M ($0.21 diluted); FY net income $15.4M ($0.23).
Distributable earnings $12.4M ($0.18) in Q4; $109.6M ($1.62) full year.
$112M CECL provision in 2022; wrote off $25M on defaulted office loan.
Book value per share $18.00, down from $18.28 in Q3; CECL allowance $111M ($1.61/shr).
Board authorized $100M share repurchase program; 77% secured financing non-mark-to-market.

item 2.02 item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Todd A. Fisher

Director

KREF · KKR Real Estate Finance Trust Inc.

Effective: 2023-02-01
Filed: February 7, 2023, 6:59 PM ET

On February 1, 2023, Todd A. Fisher informed the Company of his decision to resign from the Board of Directors of the Company (the “Board”), effective immediately, to accept a position with the federal government.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KKR Real Estate Finance Trust Inc. reported financial results for the quarter and full year ended December 31, 2022.

Period: the quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On February 7, 2023, KKR Real Estate Finance Trust Inc. (the “Company”) issued an earnings release and supplemental financial information announcing its financial results for the year and quarter ended December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd A. Fisher resigned as Director at KKR Real Estate Finance Trust Inc..

Action: resigned
Role: Director

Exact text from the filing

On February 1, 2023, Todd A. Fisher informed the Company of his decision to resign from the Board of Directors of the Company (the “Board”), effective immediately, to accept a position with the federal government.

View on SEC.gov

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KKR Real Estate Finance Trust Inc. filing history →

Source: SEC EDGAR

accession 0001631596-23-000007

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