Credit Risk MigrationCredit risk migration slipped in the quarter with 10% of the loan portfolio now rated 4/5, up from 8% previously.
Dividend CoverageKREF's dividend coverage was below 100%, highlighting concerns about its ability to maintain dividend payments at current levels.
Loan Portfolio ContractionKREF reported a decrease in its loan portfolio, with a contraction of $331.6M despite originating a significant amount of new loans.