---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-24-000025"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2024-07-22T23:59:59+00:00"
generated_at: "2026-05-31T18:33:38.991568+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KREF reports Q2 net income $0.29/share but distributable loss of $1.57 on $136M realized losses

## Summary
- Net income attributable to common stockholders of $20.2M ($0.29 diluted EPS), vs net loss of ($8.7M) in Q1 2024.
- Distributable loss of ($108.7M) or ($1.57) per share, driven by $136M realized losses on deed-in-lieu and write-offs.
- Received $384.5M in loan repayments; repaid $241.5M in financing; debt-to-equity ratio reduced to 1.9x.
- Book value per share $15.24, down from $16.38 a year ago; CECL allowance of $115M ($1.65/share).
- Dividend maintained at $0.25 per share (down from $0.43 in Q2 2023); liquidity position $643.9M.

## SEC filing metadata
- accession: 0001631596-24-000025
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2024-07-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1631596/000163159624000025/0001631596-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159624000025/kref-20240722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-24-000025
- JSON: https://secwatch.observer/filing/0001631596-24-000025.json
- Plain text: https://secwatch.observer/filing/0001631596-24-000025.txt

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