10-Q quarterly report · filed Oct 21, 2025

KKR Real Estate Finance Trust Inc. (KREF) Q3 2025 10-Q Quarterly Report

Short answer

KKR Real Estate Finance Trust Inc. (KREF) filed its Q3 2025 10-Q quarterly report on Oct 21, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $4M (up 78.7% year over year) with net income of $14M.

Q3 2025 key financials · XBRL

Revenue
$4M
+78.7% YoY · +26.5% QoQ
Net income
$14M
+286.5% YoY · +146.3% QoQ
EPS (diluted)
$0.12
+163.2% YoY · +122.6% QoQ

Source: XBRL data from the KKR Real Estate Finance Trust Inc. (KREF) Q3 2025 10-Q on SEC EDGAR. USD.

KKR Real Estate Finance Trust Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $8.1M, or $0.12 per share, versus net loss $35.4M, or $(0.53), in June quarter
  • Distributable loss $(2.3)M, or $(0.03) per share, versus $(2.9)M, or $(0.04)
  • Portfolio $5,850.8M, led by multifamily and industrial loans at 58%; weakest risk category, rating 5, totaled $358.5M
  • Loan repayments $479.7M exceeded fundings $84.1M, producing $(395.5)M net fundings and $14.4M net write-offs
  • Headwinds: elevated interest rates, slowing growth, tariffs, trade tensions, vacancies, defaults, and uncertain future rate changes

Risk Factors

  • No material changes to risk factors previously disclosed in the Form 10-K
  • Repurchase-program flexibility risk with $56.0 million remaining capacity as of September 30, 2025
  • Term-loan financing documentation updated through Amendment No. 1 dated September 8, 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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