Vanguard Group Reduces Stake in KKR Real Estate Finance Trust

The Vanguard Group has filed a Schedule 13G/A amendment, disclosing a reduction in its ownership of KKR Real Estate Finance Trust Inc. (KREF) common stock. As of September 30, 2025, Vanguard holds 3,671,655 shares, representing a 5.59% ownership stake. This marks a decrease of 1,551,298 shares (29.70%) from its previous holdings. The filing indicates that Vanguard's clients, including investment companies and managed accounts, have the right to receive dividends or proceeds from the sale of these securities. The amendment was signed by Ashley Grim, Head of Global Fund Administration, on October 31, 2025.