KKR Real Estate Finance Trust (KREF) is exploring strategic alternatives including a merger, a company sale, or an asset sale. The KKR & Co.-managed lender formed a committee to review options but set no timetable for the process.
KREF reported a second-quarter net loss that nearly doubled from the previous quarter. Increased provisions for bad loans drove the widening deficit.
Company shares have fallen 65% over the last five years. The decline reflects ongoing post-pandemic challenges within the commercial mortgage REIT sector.