KREF Q2 net loss $0.37/share; CECL allowance up $56M; book value down to $16.38

KKR Real Estate Finance Trust Inc.

2023-Q2 EPS reported -$0.82

Net loss attributable to common stockholders of $25.8M ($0.37/diluted share) vs. $30.8M ($0.45) in Q1.
Distributable Earnings of $33.1M ($0.48/diluted share), flat QoQ; quarterly dividend $0.43/share covered 1.1x.
CECL allowance increased $56.3M ($0.82/share) primarily on risk-rated 5 senior office loans.
Book value per share fell to $16.38 from $17.16; liquidity $799.6M; repaid $143.8M convertible notes.
Portfolio $7.8B, 99% floating rate with 8.8% all-in yield; 56% multifamily/industrial; 99% interest collected.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KKR Real Estate Finance Trust Inc. reported the three months ended June 30, 2023 results: net income ($25.8) million, EPS ($0.37) per diluted share.

Period: the three months ended June 30, 2023
Net income: ($25.8) million
EPS: ($0.37) per diluted share
Result: reported results

Exact text from the filing

Reported net loss attributable to common stockholders of ($25.8) million, or ($0.37) per diluted share of common stock, for the three months ended June 30, 2023

View on SEC.gov

Browse all earnings releases →

KKR Real Estate Finance Trust Inc. filing history →

Source: SEC EDGAR

accession 0001631596-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.