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:   2023-02-07T23:59:59+00:00
Accession:  0001631596-23-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/0001631596-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159623000007/kref-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001631596-23-000007

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