KKR Real Estate Finance Trust releases transcript of Q2 2026 earnings call

KKR Real Estate Finance Trust held its Q2 2026 earnings call attended by CEO Matt Salem, President and COO Patrick Mattson, CFO Kendra Decious, and IR head Jack Switala.

• The board launched a strategic alternatives review led by independent directors; the CEO said KKR has not submitted any transaction proposal to date.
• The company reported a GAAP loss of $122 million, or -$1.95 per share; book value fell 13.7% in the quarter to $10.24 per share.
• Distributable loss was $36 million, or -$0.58 per share; distributable earnings before realized losses were $6 million, or $0.10 per share, matching the dividend.
• Management expects over $2 billion of 2026 repayments.

The company repurchased $38 million of stock at $6.63, plus $10 million post-quarter at $7.24.