KKR Real Estate Finance Trust posts Q3 net loss of $13M as CECL allowance rises $36.4M

KKR Real Estate Finance Trust Inc.

2024-Q3 EPS reported -$0.02

Net loss attributable to common stockholders of ($13.0)M ($0.19/diluted share) vs prior Q2 net income $20.2M ($0.29).
Distributable earnings of $25.9M ($0.37/diluted share) compared to Distributable Loss of ($108.7)M in Q2.
CECL allowance increased by $36.4M to $150.9M, primarily for risk-rated 5 life science loans.
Liquidity of $637.6M including $109M cash and $475M undrawn revolver; received $290M loan repayments.
Book value per share $14.84, down from $15.24 in prior quarter.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.