---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-23-000007"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2023-02-07T23:59:59+00:00"
generated_at: "2026-06-19T22:56:41.280365+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001631596-23-000007
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2023-02-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/0001631596-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/kref-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-23-000007
- JSON: https://secwatch.observer/filing/0001631596-23-000007.json
- Plain text: https://secwatch.observer/filing/0001631596-23-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/0001631596-23-000007-index.htm
- Executive change
  Todd A. Fisher resigned as Director at KKR Real Estate Finance Trust Inc..
  - Action: resigned
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/0001631596-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.