secwatch.observer — SEC 8-K summary
======================================

Issuer:     KKR Real Estate Finance Trust Inc. (KREF)
CIK:        0001631596
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001631596-23-000032
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159623000032/0001631596-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159623000032/kref-20230724.htm
  HTML page:      https://secwatch.observer/filing/0001631596-23-000032

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer