KKR REAL EST.FIN.TR. -,01

KKR Real Estate Finance Trust reported a GAAP net loss of $61.9m for Q1 2026 and a distributable loss of $(0.06) per share, driven by a CECL reserve of $4.03 per share. Book value fell 9% to $11.87 per share and management cut the quarterly dividend from $0.25 to $0.10 per share, causing the stock to plunge in premarket trading. The company is pursuing a strategic repositioning by reducing older office exposures, monetizing REO assets and shifting more toward residential and industrial properties, supported by a solid liquidity position of around $653m. Analysts’ price targets range from $6.50 to $9.50 if the strategy is executed successfully. » More on de.investing.com

KRR Real Estate Finance Trust reported a GAAP net loss of $10.6m in Q1 2025, distributable earnings of $17m (25c per share) matching its dividend, and book value per share of $14.44. Management highlighted over $700m of liquidity, a newly upsized $550m Term Loan B and an extended $660m revolver, with total financing availability of $8.3bn and no corporate maturities until 2030. Repayments accelerated (>$180m in the quarter) and net fundings were $220.2m; the pipeline tops $30bn and the firm expects to redeploy capital into new originations, including European lending and CMBS. The company downgraded two loans (Raleigh multifamily and a Boston life-science loan), increased CECL reserves, repurchased $10m of stock in the quarter, and said the dividend will be reviewed quarterly but remains appropriate for now. » More on finance.yahoo.com

At the annual general meeting, shareholders confirmed all eight members of the board of directors of KKR Real Estate Finance Trust to serve until the next annual meeting and elected Deloitte & Touche LLP as the independent auditor for the fiscal year ending December 31, 2026. Votes on the board and auditor carried by a wide margin, although there were notable broker non‑votes on some items. The company pays a quarterly dividend of $0.25; the next quarterly report is expected on April 22, 2026. » More on de.investing.com