---
schema_version: "secwatch.filing_event.v1"
accession: "0001631596-25-000011"
form_type: "8-K"
ticker: "KREF"
cik: "0001631596"
company_name: "KKR Real Estate Finance Trust Inc."
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T03:59:21.359728+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# KREF Q4 net income $0.21/sh but distributable loss ($0.21); BVPS $14.76

## Summary
- Net income attributable to common stockholders Q4 $14.6M ($0.21/diluted), full year $13.1M ($0.19).
- Distributable loss Q4 ($14.7M) or ($0.21)/share; full year ($70.7M) or ($1.02)/share.
- Loan portfolio $5.9B; received $457M repayments, funded $53M; 100% interest collected in Q4.
- Book value per share $14.76 including $119.6M CECL allowance ($1.74/sh); dividend held at $0.25.
- 2024 realized losses of $173.5M from loan resolutions; total leverage reduced to 3.6x.

## SEC filing metadata
- accession: 0001631596-25-000011
- form_type: 8-K
- ticker: KREF
- cik: 0001631596
- company_name: KKR Real Estate Finance Trust Inc.
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1631596/000163159625000011/0001631596-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1631596/000163159625000011/kref-20250203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001631596-25-000011
- JSON: https://secwatch.observer/filing/0001631596-25-000011.json
- Plain text: https://secwatch.observer/filing/0001631596-25-000011.txt

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