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:   2024-02-06T23:59:59+00:00
Accession:  0001631596-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000007/0001631596-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000007/kref-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001631596-24-000007

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