---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-24-000015"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:57:39.535309+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF reports Q1 net loss of $0.13/share; distributable earnings $0.39, dividend cut to $0.25

## Summary
- Net loss attributable to common stockholders $8.7M ($0.13/diluted), improved from $18.7M loss in Q4 2023.
- Distributable Earnings of $26.7M ($0.39/share) covered the $0.25 dividend 1.54x.
- CECL allowance increased by $33.3M ($0.48/share) primarily on risk-rated 5 senior office loans.
- Loan portfolio $7.3B, 99% floating-rate, all-in yield 8.9%; received $335.7M in repayments including two full payoffs.
- Liquidity $620.1M; dividend reduced to $0.25 from $0.43 in prior quarter.

## SEC filing metadata
- accession: 0001631596-24-000015
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000163159624000015/0001631596-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159624000015/kref-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-24-000015
- JSON: https://secwatch.observer/filing/0001631596-24-000015.json
- Plain text: https://secwatch.observer/filing/0001631596-24-000015.txt

## Key facts
- Earnings Releases
  KKR Real Estate Finance Trust Inc. reported the quarter ended March 31, 2024 results: net income ($8.7) million, or ($0.13) per diluted share of common stock, EPS ($0.13) per diluted share of common stock.
  - Period: the quarter ended March 31, 2024
  - Net income: ($8.7) million, or ($0.13) per diluted share of common stock
  - EPS: ($0.13) per diluted share of common stock
  - Result: reported results
  source text: KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today reported its financial results for the quarter ended March 31, 2024. Reported net loss attributable to common stockholders of ($8.7) million, or ($0.13) per diluted share of common stock, for the three months ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1631596/000163159624000015/0001631596-24-000015-index.htm

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