The earnings call presented a mixed outlook with strong loan demand and diversification strategies balanced against significant losses and asset downgrades. The company is actively managing its portfolio and liquidity remains strong, but challenges with certain assets persist.

Company Guidance -

Q3 2025

During the KKR Real Estate Finance Trust Inc. second-quarter 2025 earnings call, the company provided detailed guidance and insights into its financial performance and strategic direction. The firm reported a GAAP net loss of $35 million or negative $0.53 per share, with a book value per share of $13.84 as of June 30, 2025. Despite a distributable loss of $3 million due to the ownership transition of a West Hollywood property, distributable earnings before realized losses were $16 million or $0.24 per share. The company paid a $0.25 cash dividend for the quarter. Originations reached $211 million, while repayments totaled $450 million. The company anticipates nearly $1 billion in incremental repayments in the second half of the year. KKR aims to diversify its portfolio by entering the European loan market and investing in CMBS to create more duration. Additionally, they have a $352 million REO portfolio, representing approximately $5.34 per share in equity, and have repurchased $20 million of KREF stock at an average price of $9.21 per share. With robust liquidity of $757 million, including $108 million in cash and $620 million in undrawn revolver capacity, KKR emphasized its strategic focus on maximizing shareholder value while navigating the competitive real estate credit market.

Strong Loan Pipeline

Loan demand has recovered significantly, with a pipeline running near record levels. The transaction activity is robust, and the lending opportunity remains highly attractive.

Geographical and Investment Diversification

KREF is diversifying its portfolio into Europe and creating more duration through CMBS investments. They anticipate new originations in the European loan market by the end of the year.

Active Share Repurchase Program

KREF repurchased $20 million of stock in the second quarter, contributing to book value per share accretion. A total of $137 million has been repurchased since the inception of the buyback plan.

Robust Liquidity Position

KREF maintains a strong liquidity position with $757 million available, including $108 million of cash on hand and $620 million of undrawn corporate revolver capacity.

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)	0.11 / -	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 0.11.

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