Earnings summaries and quarterly performance for KKR Real Estate Finance Trust.
Executive leadership at KKR Real Estate Finance Trust.
Board of directors at KKR Real Estate Finance Trust.
Research analysts who have asked questions during KKR Real Estate Finance Trust earnings calls.
SD
Steven Delaney
Citizens JMP Capital
5 questions for KREF
Also covers: ABR, ACRE, ARI +12 more
JR
Jade Rahmani
Keefe, Bruyette & Woods
4 questions for KREF
Also covers: ABR, ACRE, AMH +22 more
RS
Rick Shane
JPMorgan Chase & Co.
4 questions for KREF
Also covers: ABR, AXP, BXMT +5 more
Donald Fandetti
Wells Fargo & Company
3 questions for KREF
Also covers: AOMR, AXP, BXMT +7 more
JS
Jason Sabshon
Keefe, Bruyette & Woods (KBW)
3 questions for KREF
Also covers: AMH, DBRG, INVH +1 more
RS
Richard Shane
JPMorgan Chase & Co.
3 questions for KREF
Also covers: ABR, ACRE, ACT +19 more
CM
Chris Miller
Citizens JMP
2 questions for KREF
John Nickodemus
BTIG
2 questions for KREF
Also covers: ARI, BRSP, CMTG +2 more
Stephen Laws
Raymond James
2 questions for KREF
Also covers: ABR, ACR, AJX +16 more
Tom Catherwood
BTIG
2 questions for KREF
Also covers: BXMT, FBRT, HPP +2 more
WC
William Catherwood
BTIG
2 questions for KREF
Also covers: ARE, ARI, BRSP +14 more
Thomas Catherwood
BTIG
1 question for KREF
Also covers: ACRE, ARE, BXMT +6 more
Recent press releases and 8-K filings for KREF.
KREF Reports Q3 2025 Financial Results and Portfolio Update
KREF
Earnings
New Projects/Investments
- KREF reported Net Income Attributable to Common Stockholders of $8,079 million and Net Income Per Share of Common Stock of $0.12 for Q3 2025.
- The watch list total principal decreased to $358 million in Q3 2025 from $443 million in Q2 2025, with one loan added due to a risk rating downgrade and one resolved.
- As of September 30, 2025, KREF maintained $933 million in total available liquidity, including $204 million in cash and $700 million in undrawn corporate revolver capacity.
- The total loan portfolio principal was $5,310 million in Q3 2025, with a weighted average loan risk rating of 3.1.
Oct 22, 2025, 2:00 PM
KKR Real Estate Finance Trust Inc. Reports Q3 2025 Financial Results
KREF
Earnings
Dividends
Share Buyback
- KKR Real Estate Finance Trust Inc. (KREF) reported GAAP net income of $8 million or $0.12 per share for Q3 2025, alongside a distributable loss of $2 million, with distributable earnings prior to net realized losses at $0.18 per share.
- The company paid a $0.25 cash dividend for Q3 2025, which was not covered by distributable earnings, and its book value remained stable at $13.78 per share as of September 30, 2025.
- KREF ended the quarter with $933 million in liquidity and repurchased $4 million of common stock at a weighted average price of $9.41.
- While Q3 originations were slower, the company expects over $400 million in originations in Q4 2025, including its first European real estate credit loan, and anticipates greater than $1.5 billion in repayments in 2026.
Oct 22, 2025, 2:00 PM
KKR Real Estate Finance Trust Inc. Announces Q3 2025 Financial Results
KREF
Earnings
Dividends
Share Buyback
- KKR Real Estate Finance Trust Inc. (KREF) reported GAAP net income of $8 million or $0.12 per share and a distributable loss of $2 million for the third quarter of 2025, with distributable earnings prior to net realized losses at $0.18 per share. The company paid a $0.25 cash dividend.
- Book value as of September 30, 2025, was $13.78 per share, remaining mostly unchanged quarter-over-quarter.
- The company ended the quarter with near record liquidity levels of $933 million, including over $200 million of cash and a $700 million corporate revolver, and successfully upsized its Term Loan B by $100 million to $650 million.
- KREF expects over $400 million in originations in the fourth quarter of 2025, having already closed $110 million across the U.S. and Europe, including its first European real estate credit loan. The company received $480 million in repayments during Q3 2025.
- KREF repurchased $4 million of shares in Q3 2025 at a weighted average price of $9.41, contributing to $34 million in year-to-date repurchases.
Oct 22, 2025, 2:00 PM
KKR Real Estate Finance Trust Inc. Reports Q3 2025 Financial Results and Operational Updates
KREF
Earnings
Dividends
New Projects/Investments
- KKR Real Estate Finance Trust Inc. reported GAAP net income of $8 million, or $0.12 per share, and a distributable loss of $2 million, or $0.03 per share, for the third quarter of 2025. Distributable earnings prior to net realized losses were $12 million, or $0.18 per share.
- The company's book value per share was $13.78 as of September 30, 2025, and it paid a $0.25 cash dividend for the third quarter.
- KREF achieved near record liquidity levels of $933 million at quarter-end, which includes over $200 million in cash and a $700 million corporate revolver. The Term Loan B was upsized by $100 million to $650 million.
- The company repurchased $4 million of common stock in Q3 2025 at a weighted average price of $9.41, bringing year-to-date repurchases to $34 million.
- For Q4 2025, KREF expects over $400 million in originations, with $110 million already closed, including its first European real estate credit loan. Q3 2025 saw $480 million in repayments, contributing to $1.1 billion year-to-date.
Oct 22, 2025, 2:00 PM
KKR Real Estate Finance Trust Reports Q3 2025 Financial Results and Operational Updates
KREF
Earnings
Share Buyback
Debt Issuance
- KKR Real Estate Finance Trust reported GAAP net income of $8 million, or $0.12 per share, and a distributable loss of $2 million, or negative $0.03 per share, for Q3 2025. Distributable earnings prior to net realized losses were $12 million, or $0.18 per share. The company paid a $0.25 cash dividend for the quarter.
- The company maintained a strong liquidity position, ending Q3 2025 with $933 million in liquidity, including over $200 million in cash and a $700 million undrawn corporate revolver. KREF also upsized its Term Loan B by $100 million to $650 million and repriced it 75 basis points tighter to SOFR plus 250 basis points.
- KREF repurchased $4 million of common stock in Q3 2025 at a weighted average price of $9.41, bringing year-to-date repurchases to $34 million.
- The company received $480 million in repayments during Q3 2025 and expects over $400 million in originations in Q4 2025, with year-to-date originations totaling $719 million. KREF anticipates greater than $1.5 billion of repayments in 2026.
- KREF expanded its lending activities into Europe, closing its first European real estate loan in October 2025.
Oct 22, 2025, 2:00 PM
KKR Real Estate Finance Trust Inc. Reports Q3 2025 Financial Results
KREF
Earnings
Share Buyback
New Projects/Investments
- KKR Real Estate Finance Trust Inc. (KREF) reported net income attributable to common stockholders of $8.1 million, or $0.12 per diluted share, for the three months ended September 30, 2025, alongside a Distributable Loss of ($2.3) million, or ($0.03) per diluted share.
- As of September 30, 2025, KREF maintained a liquidity position of $933.0 million, comprising $204.1 million in cash and $700.0 million of undrawn capacity on its corporate revolving credit agreement.
- During the third quarter, KREF originated and funded $131.9 million and $68.4 million in new floating-rate loans, respectively, and received $479.7 million in loan repayments. The company's loan portfolio stood at $5.3 billion, with 99% floating rate and a weighted average unlevered all-in yield of 7.8%.
- KREF enhanced its financial flexibility by upsizing its secured term loan to $650.0 million and increasing its corporate revolving credit facility to $700.0 million. Additionally, the company repurchased and retired 448,877 shares for a total of $4.2 million.
Oct 21, 2025, 8:30 PM
KREF Announces Repricing and Upsizing of Term Loan B
KREF
Debt Issuance
- KKR Real Estate Finance Trust Inc. (KREF) repriced and upsized its outstanding Term Loan B.
- The new aggregate principal amount of the loan is $650 million, with a maturity date in 2032.
- The loan was repriced tighter by 75 basis points, reducing the coupon to SOFR plus 250 basis points.
- KREF intends to use the net incremental proceeds to repay other indebtedness and for general corporate purposes.
Sep 11, 2025, 9:03 PM
KREF Reprices and Upsizes Senior Secured Term Loan B
KREF
Debt Issuance
New Projects/Investments
- KKR Real Estate Finance Trust (KREF) repriced and upsized its Term Loan B to an aggregate principal amount of $650 million due in 2032.
- The loan's coupon was reduced by 75 basis points to SOFR plus 250 basis points, aiming to lower KREF's cost of capital.
- KREF obtained over $100 million in incremental proceeds, which it intends to use for repaying other indebtedness and for general corporate purposes.
Sep 11, 2025, 8:52 PM
Quarterly earnings call transcripts for KKR Real Estate Finance Trust.
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