Steven Delaney

Jade Rahmani

Rick Shane

Donald Fandetti

Jason Sabshon

Richard Shane

Chris Miller

John Nickodemus

Stephen Laws

Tom Catherwood

William Catherwood

Thomas Catherwood

- 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.  **[0001631596_2194124:21]** 
- 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.  **[0001631596_2194124:0]** 
- 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**.  **[0001631596_2194124:5]** 
- The total loan portfolio principal was **$5,310 million** in Q3 2025, with a weighted average loan risk rating of **3.1**.  **[0001631596_2194124:15]** **[0001631596_2194124:11]**

KREF Reports Q3 2025 Financial Results and Portfolio Update

- 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**.  **[0001631596_2196776_0]** **[0001631596_2196776_1]** 
- 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.  **[0001631596_2196776_0]** **[0001631596_2196776_1]** 
- KREF ended the quarter with **$933 million in liquidity** and repurchased **$4 million** of common stock at a weighted average price of **$9.41**.  **[0001631596_2196776_3]** 
- 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.  **[0001631596_2196776_1]** **[0001631596_2196776_2]** **[0001631596_2196776_4]**

KKR Real Estate Finance Trust Inc. Reports Q3 2025 Financial Results

- 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**.  **[0001631596_2196795_0]** **[0001631596_2196795_1]**  The company paid a **$0.25 cash dividend**.  **[0001631596_2196795_0]** 
- Book value as of **September 30, 2025**, was **$13.78 per share**, remaining mostly unchanged quarter-over-quarter.  **[0001631596_2196795_0]** **[0001631596_2196795_1]** 
- 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**.  **[0001631596_2196795_3]** 
- 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.  **[0001631596_2196795_1]**  The company received **$480 million in repayments** during Q3 2025.  **[0001631596_2196795_1]** 
- 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.  **[0001631596_2196795_3]**

KKR Real Estate Finance Trust Inc. Announces Q3 2025 Financial Results

- 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.  **[0001631596_2195752_0]** **[0001631596_2195752_1]**  Distributable earnings prior to net realized losses were **$12 million**, or **$0.18 per share**.  **[0001631596_2195752_0]** **[0001631596_2195752_1]** 
- 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.  **[0001631596_2195752_0]** **[0001631596_2195752_1]** 
- 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**.  **[0001631596_2195752_3]**  The Term Loan B was upsized by **$100 million to $650 million**.  **[0001631596_2195752_3]** 
- 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**.  **[0001631596_2195752_3]** 
- For Q4 2025, KREF expects **over $400 million** in originations, with **$110 million** already closed, including its first European real estate credit loan.  **[0001631596_2195752_1]**  Q3 2025 saw **$480 million** in repayments, contributing to **$1.1 billion** year-to-date.  **[0001631596_2195752_1]** **[0001631596_2195752_2]**

KKR Real Estate Finance Trust Inc. Reports Q3 2025 Financial Results and Operational Updates

- 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.  **[0001631596_2195784_0]** **[0001631596_2195784_1]**  Distributable earnings prior to net realized losses were **$12 million, or $0.18 per share**.  **[0001631596_2195784_0]** **[0001631596_2195784_1]**  The company paid a **$0.25 cash dividend** for the quarter.  **[0001631596_2195784_0]** 
- 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**.  **[0001631596_2195784_3]**  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**.  **[0001631596_2195784_3]** 
- 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**.  **[0001631596_2195784_3]** 
- 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**.  **[0001631596_2195784_1]**  KREF anticipates greater than **$1.5 billion of repayments** in 2026.  **[0001631596_2195784_2]** 
- KREF expanded its lending activities into Europe, closing its **first European real estate loan** in October 2025.  **[0001631596_2195784_1]**

KKR Real Estate Finance Trust Reports Q3 2025 Financial Results and Operational Updates

- 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**.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-krefsupplemental.htm:15]** 
- 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.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-krefsupplemental.htm:4]** 
- 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**.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:1]**  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%**.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-krefsupplemental.htm:4]** 
- 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**.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-krefsupplemental.htm:4]**  Additionally, the company **repurchased and retired 448,877 shares** for a total of **$4.2 million**.  **[1631596_0001628280-25-045715_a202509-exhibit99x1.htm:0]** **[1631596_0001628280-25-045715_a202509-krefsupplemental.htm:4]**

- KKR Real Estate Finance Trust Inc. (KREF) **repriced and upsized** its outstanding Term Loan B.  **[1631596_fc59a6d127c547eb8f1675995603d46b_0]** 
- The new aggregate principal amount of the loan is **$650 million**, with a maturity date in **2032**.  **[1631596_fc59a6d127c547eb8f1675995603d46b_0]** 
- The loan was repriced **tighter by 75 basis points**, reducing the coupon to **SOFR plus 250 basis points**.  **[1631596_fc59a6d127c547eb8f1675995603d46b_0]** 
- KREF intends to use the net incremental proceeds to **repay other indebtedness** and for **general corporate purposes**.  **[1631596_fc59a6d127c547eb8f1675995603d46b_0]**

KREF Announces Repricing and Upsizing of Term Loan B

- KKR Real Estate Finance Trust (KREF) **repriced and upsized** its Term Loan B to an aggregate principal amount of **$650 million** due in **2032**.  **[1631596_2819f1ef20b4494c8c16149d63c7a881_0]** 
- The loan's coupon was reduced by **75 basis points** to **SOFR plus 250 basis points**, aiming to lower KREF's cost of capital.  **[1631596_2819f1ef20b4494c8c16149d63c7a881_0]** 
- KREF obtained over **$100 million** in incremental proceeds, which it intends to use for repaying other indebtedness and for general corporate purposes.  **[1631596_2819f1ef20b4494c8c16149d63c7a881_0]**