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:   2025-04-23T23:59:59+00:00
Accession:  0001631596-25-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KREF reports Q1 net loss $0.15/share; Distributable Earnings $0.25/share; CECL up $24.9M
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- Net loss of $10.6M ($0.15 diluted EPS); Distributable Earnings of $17.0M ($0.25/share).
- CECL allowance increased $24.9M to $144.4M, driven by watchlist multifamily and life science loans.
- Originated $376M in four floating-rate loans; funded $374M; liquidity of $720M at quarter end.
- Book value per share $14.44; declared $0.25 dividend; repurchased 889K shares at avg $11.03.
- Refinanced Term Loan B to $550M at S+3.25%; increased revolver to $660M; added $300M non-mark-to-market facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1631596/000163159625000018/0001631596-25-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1631596/000163159625000018/kref-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001631596-25-000018

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