Credit RiskCredit risk migration slipped in the quarter with 10% of the loan portfolio now rated 4/5, up from 8% previously.
Financial PerformanceThe company's book value per share fell, and net interest income was below estimates, indicating financial pressure.
Loan PortfolioKREF reported a decrease in its loan portfolio, with a contraction of $331.6 million despite originating a significant amount of new loans.