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Waste Connections Q1 2026 Earnings Call Transcript

  • On Thursday, KKR Real Estate Finance Trust Inc. reported a Q1 2026 GAAP net loss of $62 million, or negative $0.96 per share, and reduced its quarterly dividend to $0.10 per share effective July 15.
  • Management is executing an aggressive 2026 resolution strategy to reduce legacy office exposure from 21% to under 10%, prioritizing par repayments and watch list loan resolution to reposition the portfolio .
  • Strategic asset actions include signing a long-term lease with OpenAI for the Mountain View, California office property, while the Boston Life Science loan will transition to REO with an expected realized loss of approximately $37 million .
  • With $653 million in total liquidity, KREF initiated a new $75 million share repurchase program approved by the Board on April 14, deploying capital to support shareholder value .
  • Executives characterized 2026 as a transition year with distributable earnings expected to trough through early 2027 before increasing as the portfolio rotates into higher-quality, newer vintage assets .
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Waste Connections Q1 2026 Earnings Call Transcript

·New York, United States
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Business Wire broke the news in Crystal River, United States on Thursday, April 23, 2026.
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