Earnings ·
Reports Q3 net loss of $0.11 per share as loan write-offs drive distributable loss of $2.64
KREFKKR Real Estate Finance Trust Inc.
KKR Real Estate Finance Trust Inc. reported a third-quarter net loss attributable to common stockholders of ($6.4) million, or ($0.11) per diluted share, compared to a ($121.8) million loss in the prior quarter. The results were heavily impacted by a $155.9 million realized loss on loan write-offs, resulting in a distributable loss of ($152.0) million, or ($2.64) per diluted share. The company maintained $853.5 million in liquidity and received $1.2 billion in loan repayments during the quarter. KREF operates as a real estate investment trust that primarily originates or acquires transitional senior loans collateralized by institutional-quality commercial real estate assets.