KKR Real Estate Finance Trust -Here's What Key Metrics Tell Us About KKR Real Estate (KREF) Q3 Earnings

Core Insights - KKR Real Estate Finance (KREF) reported a revenue of $37.01 million for the quarter ended September 2024, reflecting a 17.1% decrease year-over-year and a surprise of -6.36% compared to the Zacks Consensus Estimate of$ 39.52 million [1][2] - The earnings per share (EPS) for the quarter was $0.40, down from$ 0.47 in the same quarter last year, but exceeded the consensus EPS estimate of $0.31, resulting in a surprise of +29.03% [1] Financial Performance Metrics - Total net interest income was reported at$ 37.01 million, which is a decline of 17.1% compared to the previous year and below the average estimate of $39.52 million from two analysts [2] - Total other income reached$ 10.02 million, slightly below the average estimate of $10.09 million, but showed a significant year-over-year increase of +84% [2] - Other income from equity method investments was$ 0.16 million, which fell short of the average estimate of $0.63 million [2] - Revenue from real estate owned operations was reported at$ 8.54 million, exceeding the average estimate of $7.46 million from two analysts [2] Stock Performance - KKR Real Estate shares have experienced a -4.5% return over the past month, contrasting with the Zacks S&P 500 composite's +4.5% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating it may perform in line with the broader market in the near term [2]