The earnings call reflects a balance between positive developments in market opportunities, active share repurchases, and strong liquidity against the backdrop of reported losses, loan downgrades, and challenges in specific sectors.

Company Guidance

During the call, KKR Real Estate Finance Trust Inc. provided detailed guidance and metrics for their second-quarter 2025 financial results and future outlook. The company reported a GAAP net loss of $35 million, equating to a negative $0.53 per share, and a distributable loss of $3 million due to taking ownership of a West Hollywood property. The book value per share stood at $13.84 as of June 30, 2025. Despite these losses, KKR paid a $0.25 cash dividend for the quarter. The company originated $211 million in loans, secured by industrial and multifamily properties, while receiving repayments totaling $450 million. Looking ahead, KKR anticipates nearly $1 billion in incremental repayments in the second half of the year and plans to continue diversifying its portfolio, particularly by expanding into the European loan market and making strategic CMBS investments. The company is managing risk by downgrading certain assets, such as a Boston life science asset, and remains focused on maximizing shareholder value through strategic asset management and proactive share repurchases, totaling $20 million in the second quarter. KKR's liquidity remains strong, with $757 million available, including $108 million in cash and $620 million in undrawn corporate revolver capacity.

Robust Loan Pipeline and Market Opportunities

Transaction activity and loan demand have recovered, with significant opportunities within the loan pipeline, running near record levels. The company is focused on diversifying geographically into Europe and creating more duration through CMBS investments.

Active Share Repurchase Program

The company repurchased $20 million of KREF stock in the second quarter, contributing to approximately $0.25 of book value per share accretion.

Strong Liquidity Position

At quarter-end, the company had $757 million of liquidity available, including $108 million of cash on hand and $620 million of undrawn corporate revolver capacity.

Positive Developments in REO Assets

Market improvements have been reported for Mountain View, California, with active tenant proposals. A sale of a parcel in Portland, Oregon, closed, and a garage sale in Philadelphia was completed at a level slightly above the carry basis.

Kkr Real Estate Finance (KREF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

KREF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 27, 2025	2025 (Q3)	0.07 / -	0.37	―	―	―
Jul 22, 2025	2025 (Q2)	-0.02 / -0.04	-1.57	97.45% (+1.53)
Apr 23, 2025	2025 (Q1)	0.28 / 0.25	0.39	-35.90% (-0.14)
Feb 03, 2025	2024 (Q4)	-0.13 / -0.21	-0.37	43.24% (+0.16)
Oct 21, 2024	2024 (Q3)	0.34 / 0.37	0.25	48.00% (+0.12)
Jul 22, 2024	2024 (Q2)	-1.71 / -1.57	0.48	-427.08% (-2.05)
Apr 23, 2024	2024 (Q1)	0.34 / 0.39	0.48	-18.75% (-0.09)
Feb 06, 2024	2023 (Q4)	0.37 / -0.37	0.18	-305.56% (-0.55)
Oct 23, 2023	2023 (Q3)	0.04 / 0.25	0.5	-50.00% (-0.25)
Jul 24, 2023	2023 (Q2)	0.14 / 0.48	0.48	0.00% (0.00)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KREF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$9.05	$9.07	+0.22%
Apr 23, 2025	$9.02	$8.69	-3.66%
Feb 03, 2025	$9.55	$10.47	+9.63%
Oct 21, 2024	$10.82	$10.81	-0.09%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Kkr Real Estate Finance Trust Inc (KREF) report earnings?

Kkr Real Estate Finance Trust Inc (KREF) is schdueled to report earning on Oct 27, 2025, After Close (Confirmed).

What is Kkr Real Estate Finance Trust Inc (KREF) earnings time?

Kkr Real Estate Finance Trust Inc (KREF) earnings time is at Oct 27, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is KREF EPS forecast?

KREF EPS forecast for the fiscal quarter 2025 (Q3) is 0.07.

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