KKR Real Estate: Q2 Earnings Snapshot

By The Associated Press
July 21, 2026 | 4:35 PM

NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Tuesday reported a loss of $116.4 million in its second quarter.

The New York-based company said it had a loss of $1.95 per share. Losses, adjusted for non-recurring costs and stock option expense, were 58 cents per share.

The real estate finance company posted revenue of $85.5 million in the period. Its adjusted revenue was $18.2 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KREF at https://www.zacks.com/ap/KREF

Vietnam’s biggest company, Vingroup, goes global as its home market slows

By The Associated Press
July 29, 2026 | 6:04 AM

HANOI, Vietnam (AP) — Vietnam’s biggest conglomerate, Vingroup, is moving into global markets as business at home slows, planning nearly two dozen projects in at least 15 countries, from a “Vietnam Town” in Uzbekistan to smart cities in India and a riverfront development in Congo. Profits from Vingroup’s flagship real estate business have long funded its investments in diverse industries including automaking and technology. But Vietnam’s once sizzling property market is cooling, while its electric vehicle company VinFast is losing money. As opportunities for large developments at home become harder to find, Vingroup, Vietnam’s largest privately owned company, is looking overseas to generate the money needed to fund its ambitions in EVs, artificial intelligence and robotics, industries central to Vietnam's goal of becoming Asia’s next tiger economy. In Uzbekistan, Vingroup signed an agreement in December to build a “Vietnam Town” in its capital, the ancient Silk Road city of Tashkent. In Central Asia’s largest metropolis, it envisions a development modeled on its signature projects in Vietnam, combining homes, shopping centers, schools, hospitals and EV charging stations.

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