KREF posts Q4 net loss $0.27/share; cuts quarterly dividend to $0.25 from $0.43

KKR Real Estate Finance Trust Inc.

2023-FY EPS reported -$0.78

Net loss of $18.7M ($0.27/diluted share) in Q4; full-year net loss $53.9M ($0.78/share).
Board declares quarterly dividend of $0.25/share (vs. $0.43 prior), payable April 15, 2024.
Book value per share fell to $15.52 from $16.29 in Q3; CECL allowance of $212.5M ($3.06/share).
Took title to $149.8M defaulted Philadelphia office loan; $58.7M realized loss recognized.
Loan portfolio $7.6B (99% floating rate, 9.0% yield); liquidity $630M; no debt maturities until 2026.

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. updated its first quarter of 2024 guidance (reaffirmed).

Period: first quarter of 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company's Board of Directors declared a dividend of $0.25 per share of common stock with respect to the first quarter of 2024.

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KKR Real Estate Finance Trust Inc. filing history →

Source: SEC EDGAR

accession 0001631596-24-000007

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