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:   2024-07-22T23:59:59+00:00
Accession:  0001631596-24-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000025/0001631596-24-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000025/kref-20240722.htm
  HTML page:      https://secwatch.observer/filing/0001631596-24-000025

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