KREF
KKR Real Estate Finance Trust Inc.8.50
-0.17-1.96%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
558.25MP/E (TTM)
-Basic EPS (TTM)
-0.35Dividend Yield
0.12%Recent Filings
8-K
10-Q
Q3 FY2025 results
KKR Real Estate Finance Trust swung to a $12.8M net income in Q3 2025 ended September 30, up from a $7.3M loss y/y, as net interest income dipped 32% to $25.3M on lower loan balances yet provision for credit losses eased to $1.0M from $38.2M. Revenue fell 39% y/y to $108.0M amid $1.1B in repayments outpacing $706M originations, trimming the loan portfolio to $5.3B outstanding principal; YTD, net loss widened to $23.6M from $14.8M profit, with EPS at -$0.56 versus -$0.02 y/y, reconciled to 67.3M diluted shares. Cash climbed to $204M, free cash flow hit $42.7M (derived: $55.5M operating cash minus $12.8M capex), while total debt eased to $4.7B including a $650M term loan upsized in September at S+2.5%. REO assets grew to $467M across office and multifamily amid $34.8M write-offs. Yet office sector distress lingers as a key risk.
8-K
KREF Q3 net income rebounds
KKR Real Estate Finance Trust swung to net income of $8.1 million, or $0.12 per diluted share, in Q3 2025, up from a $35.4 million loss last quarter, yet distributable loss narrowed to $2.3 million amid a $14.4 million hit from resolving a troubled Raleigh multifamily loan via property takeover. The $5.3 billion floating-rate portfolio, yielding 7.8%, saw $132 million originated and $480 million repaid, while liquidity hit $933 million after upsizing the term loan to $650 million at a tighter S+2.50% spread. Watch list loans total $358 million, mostly office and life science.
8-K
Credit facility amendments boost capacity
KKR Real Estate Finance Trust bolstered its debt capacity through key amendments to its credit facilities. On September 8, 2025, it added $101.375 million in incremental term loans, lifting total term debt to $650 million under a lower rate of Term SOFR plus 2.50%, down 0.75%. Two days later, revolving commitments rose from $660 million to $700 million. This expands funding flexibility amid real estate finance operations.
8-K
KREF Q2 loss amid strong liquidity
KKR Real Estate Finance Trust reported a Q2 2025 net loss of $35.4 million, or $0.53 per share, driven by a $49.8 million CECL provision and $20.4 million realized loss from resolving a distressed multifamily loan via property takeover. Yet the company originated $210.7 million in floating-rate senior loans at 7.6% yield, received $450.1 million in repayments, and maintained $757 million liquidity with no debt due until 2030. Portfolio stays strong at $5.8 billion, 99% floating-rate, focused on multifamily and industrial. Watchlist loans pose ongoing credit risks.
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