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KKR Real Estate Finance (KREF) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2024-07-23 01:00
KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. What's Next for KKR Real Estate? While KKR Real Estate has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the ...
KKR Real Estate Finance Trust (KREF) - 2024 Q2 - Quarterly Report
2024-07-22 20:46
• adverse developments in the availability of attractive loan and other investment opportunities whether they are due to competition, regulation or otherwise, could adversely affect our results of operations; • global economic trends and economic conditions, including heightened inflation, slower growth or recession, changes to fiscal and monetary policy, higher interest rates, labor shortages, currency fluctuations and challenges in global supply chains; • increased competition from entities engaged in mor ...
KKR Real Estate Finance Trust (KREF) - 2024 Q2 - Quarterly Results
2024-07-22 20:37
KKR REAL ESTATE FINANCE TRUST INC. REPORTS SECOND QUARTER 2024 FINANCIAL RESULTS New York, NY, July 22, 2024 - KKR Real Estate Finance Trust Inc. (the "Company" or "KREF") (NYSE: KREF) today reported its financial results for the quarter ended June 30, 2024. Reported net income attributable to common stockholders of $20.2 million, or $0.29 per diluted share of common stock, for the three months ended June 30, 2024, compared to net loss attributable to common stockholders of ($8.7) million, or ($0.13) per di ...
KKR Real Estate Finance: The 15% Yield Likely Gets Cut, Again
Seeking Alpha· 2024-04-25 13:48
imaginima/iStock via Getty Images On our last coverage of KKR Real Estate Finance Trust Inc. (NYSE:KREF) we identified the potential reasons that we did not want to chase this. The stock has moved lower, and even the large yield has failed to get total returns into positive territory. The total return has lagged the broader S&P 500 (SPY) by almost 27%. Seeking Alpha We look at the recently released Q1-2024 results and explain why you should not take your eyes off the ball, even though it might appear that t ...
KKR Real Estate Finance Trust (KREF) - 2024 Q1 - Earnings Call Transcript
2024-04-24 20:37
KKR Real Estate Finance Trust Inc. (NYSE:KREF) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Jack Switala - Investor Relations Matt Salem - Chief Executive Officer Patrick Mattson - President and Chief Operating Officer Conference Call Participants Rick Shane - JPMorgan Stephen Laws - Raymond James Sarah Barcomb - BTIG Steve Delaney - JMP Securities Jade Rahmani - KBW Don Fandetti - Wells Fargo Operator Good morning, and welcome to the KKR Real Estate Finance Trust Inc. Fi ...
KKR Real Estate Finance Trust (KREF) - 2024 Q1 - Earnings Call Presentation
2024-04-24 16:06
• $7.5 billion predominantly senior loan portfolio with a weighted average unlevered all-in yield(3) of 8.9% • Received $336 million in loan repayments, including full loan repayments of $173 million on a previously 4- rated senior office loan in Washington, D.C. and $151 million on a previously 4-rated senior condo loan in New York, NY Monitoring eight watch list loans, including three office assets • Diversified financing sources totaling $8.7 billion with $2.9 billion of undrawn capacity • Collected 97% ...
Compared to Estimates, KKR Real Estate (KREF) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-04-24 01:01
KKR Real Estate Finance (KREF) reported $39.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 15.9%. EPS of $0.39 for the same period compares to $0.48 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $43.16 million, representing a surprise of -9.29%. The company delivered an EPS surprise of +5.41%, with the consensus EPS estimate being $0.37.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...
KKR Real Estate Finance (KREF) Q1 Earnings Surpass Estimates
Zacks Investment Research· 2024-04-23 23:06
KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this real estate finance company would post earnings of $0.45 per share when it actually produced earnings of $0.47, delivering a surprise of 4.44%.Over the last f ...
KKR Real Estate Finance Trust (KREF) - 2024 Q1 - Quarterly Report
2024-04-23 20:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________ Commission File Number: 001-38082 KKR Real Estate Finance Trust Inc. (Exact name of registrant as specified in its charter) Maryland 47 ...
KKR Real Estate Finance Trust (KREF) - 2024 Q1 - Quarterly Results
2024-04-23 20:51
New York, NY, April 23, 2024 - KKR Real Estate Finance Trust Inc. (the "Company" or "KREF") (NYSE: KREF) today reported its financial results for the quarter ended March 31, 2024. KKR REAL ESTATE FINANCE TRUST INC. REPORTS FIRST QUARTER 2024 FINANCIAL RESULTS Reported net loss attributable to common stockholders of ($8.7) million, or ($0.13) per diluted share of common stock, for the three months ended March 31, 2024, compared to net loss attributable to common stockholders of ($18.7) million, or ($0.27) pe ...