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:   2024-10-21T23:59:59+00:00
Accession:  0001631596-24-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000037/0001631596-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159624000037/kref-20241021.htm
  HTML page:      https://secwatch.observer/filing/0001631596-24-000037

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