KKR Real Estate Finance Trust -KKR Real Estate Finance (KREF) Q3 Earnings Surpass Estimates

Group 1: Earnings Performance - KKR Real Estate Finance (KREF) reported quarterly earnings of $0.40 per share, exceeding the Zacks Consensus Estimate of$ 0.31 per share, but down from $0.47 per share a year ago, representing an earnings surprise of 29.03% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [1] - Revenues for the quarter ended September 2024 were$ 37.01 million, missing the Zacks Consensus Estimate by 6.36% and down from $44.61 million year-over-year [1] Group 2: Stock Performance and Outlook - KKR Real Estate shares have declined approximately 9% since the beginning of the year, contrasting with the S&P 500's gain of 23% [2] - The future performance of the stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the upcoming quarter is$ 0.31 on revenues of $40.65 million, and for the current fiscal year, it is$ 1.47 on revenues of $159.76 million [4] Group 3: Industry Context - The REIT and Equity Trust industry, to which KKR Real Estate belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Apollo Commercial Finance (ARI), is expected to report quarterly earnings of$ 0.25 per share, reflecting a year-over-year decline of 32.4% [5]