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AI brief of an SEC Form 8-K · KKR Real Estate Finance Trust Inc. (KREF)

KREF swings to $6.4 million Q3 net loss; distributable loss widens to $152.0 million

Negative Impact 4 of 5 earnings Written later

KKR Real Estate Finance Trust reported a third-quarter 2026 net loss attributable to common stockholders of $6.4 million, or $0.11 per diluted share, down from a $121.8 million loss in the second quarter but a swing from $8.1 million of net income a year earlier. Distributable loss widened to $152.0 million, or $2.64 per share, mainly due to a $155.9 million realized loss on loan write-offs, and book value fell to $10.14 per share.

Key points

  • Q3 2026 net loss attributable to common stockholders was $6.4 million ($0.11 per diluted share), versus a $121.8 million loss ($1.95 per share) in Q2 2026.
  • Distributable loss was $152.0 million ($2.64 per share), compared with a $36.4 million loss ($0.58 per share) in Q2 2026, driven by a $155.9 million realized loss on loan write-offs.
  • Liquidity was $853.5 million as of September 30, 2026, and common book value was $582.5 million, or $10.14 per share.
  • Q3 2026 dividend was $0.10 per share; the company also cited $1.5 million of strategic review expenses during the quarter.

The filing

CompanyKKR Real Estate Finance Trust Inc. (KREF)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:24 PM ET
Accession number0001628280-26-067907

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.