KKR Real Estate Finance Trust Reports Q2 Loss Amid Portfolio Repositioning
KKR Real Estate Finance Trust (KREF) reported a second-quarter GAAP loss of $1.95 per share and a book value decline to $10.24 per share as it continues repositioning its portfolio, increasing reserves for troubled assets, particularly in legacy office loans. The company returned over $800 million through repayments and buybacks during the quarter.
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