--- title: "Kkr Real Estate Finance Trust | 8-K: FY2026 Q2 EPS Misses Estimate at USD -1.95" type: "News" locale: "en" url: "https://longbridge.com/en/news/293385137.md" datetime: "2026-07-21T20:46:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293385137.md) - [en](https://longbridge.com/en/news/293385137.md) - [zh-HK](https://longbridge.com/zh-HK/news/293385137.md) generator: "portal-rs" --- # Kkr Real Estate Finance Trust | 8-K: FY2026 Q2 EPS Misses Estimate at USD -1.95 EPS: As of FY2026 Q2, the actual value is USD -1.95, missing the estimate of USD 0.0495. The provided reference document, an 8-K filing from KKR Real Estate Finance Trust Inc., announces an earnings release and supplemental financial information for the quarter ended June 30, 2026, but the document itself does not contain specific financial metrics such such as segment revenue, net income, gross margin, operating profit, operating costs, cash flow, or any unique company-specific financial indicators . However, further details are provided in other sections. ### KKR Real Estate Finance Trust Inc. Overview KKR Real Estate Finance Trust Inc. maintains a $4.5 billion loan portfolio, consisting entirely of senior loans, with 60% in multifamily and industrial assets, and an average loan size of $101 million . The company has 11% European loan exposure . Its financing capacity is $7.0 billion, with 79% being fully non-mark-to-market . Current liquidity stands at $722 million, comprising $83 million in cash, $350 million in undrawn corporate revolver capacity, $255 million in loan principal repayments held by a servicer, and $34 million in available borrowings . KKR holds a 17% ownership in KKR Real Estate Finance Trust Inc., which manages $758 billion in global AUM and $84 billion in real estate AUM as of March 31, 2026 . ### Second Quarter 2026 Highlights For the second quarter of 2026, KKR Real Estate Finance Trust Inc. reported a net loss of - $1.95 per diluted share, which includes a loan loss provision of - $1.92 per diluted share . The distributable loss was - $0.58 per diluted share, including a realized loss of - $0.68 per diluted share . Book Value per Share (BVPS) was $10.24 per share . During the quarter, the company originated $349 million and funded $328 million in three floating-rate senior loans . The senior loan portfolio had a weighted average unlevered all-in yield of 6.8%, with multifamily and industrial assets representing 60% of the portfolio . KKR Real Estate Finance Trust Inc. received $807 million in loan repayments, including $784 million in full repayments across five loans, and funded an additional $31 million for existing loans . The portfolio’s weighted average risk rating was 3.3, with six watch list loans being monitored, and two resolved, including one risk-rated 5 loan and one risk-rated 4 loan . The company repurchased 5.7 million shares at an average price of $6.63 per share, totaling $38.0 million . ### 2Q’26 Financial Summary #### Income Statement (Three Months Ended June 30, 2026) - **Net interest income:** $18.2 million - **Other income:** $2.8 million - **Provision for loan losses:** - $119.8 million - **Operating expenses:** - $18.4 million - **Preferred stock dividends:** - $5.3 million - **Other:** $0.9 million - **Net Loss Attributable to Common Stockholders:** - $121.8 million - **Net Loss per Share, Diluted:** - $1.95 - **Distributable Earnings (Loss):** - $36.4 million - **Distributable Earnings (Loss) per Share, Diluted:** - $0.58 - **Dividend per Share:** $0.10 - **Diluted Weighted Average Shares Outstanding:** 62,463,168 #### Balance Sheet (As of June 30, 2026) - **Commercial real estate loans, net:** $4,151.6 million - **Real estate assets:** $717.6 million - **Consolidated VIE assets, CMBS trusts:** $1,241.3 million - **Cash:** $83.1 million - **Cash held by servicer:** $254.8 million - **CMBS investments:** $60.6 million - **Other assets:** $50.4 million - **Total Assets:** $6,559.3 million - **Secured financing agreements, net:** $3,024.1 million - **Collateralized loan obligations, net:** $660.3 million - **Secured term loan, net:** $630.4 million - **Consolidated VIE liabilities, CMBS trusts:** $1,216.9 million - **Other liabilities:** $37.2 million - **Total Liabilities:** $5,569.0 million - **Total Equity:** $990.3 million - **Common Shareholders’ Equity:** $604.0 million - **Book Value per Share:** $10.24 - **Common Shares Outstanding:** 58,577,948 ### Outlook KKR Real Estate Finance Trust Inc.’s outlook for 2026 prioritizes executing a proactive and disciplined resolution strategy for watch list assets and certain legacy office exposures . 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