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:   2024-04-23T23:59:59+00:00
Accession:  0001631596-24-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000015/0001631596-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000015/kref-20240423.htm
  HTML page:      https://secwatch.observer/filing/0001631596-24-000015

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