---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-23-000032"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:14:48.038119+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001631596-23-000032
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000032/0001631596-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000032/kref-20230724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-23-000032
- JSON: https://secwatch.observer/filing/0001631596-23-000032.json
- Plain text: https://secwatch.observer/filing/0001631596-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631596/000163159623000032/0001631596-23-000032-index.htm

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