Net Core Earnings

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KKR Real Estate Finance Trust (KREF) - 2018 Q4 - Earnings Call Presentation
2025-06-24 10:47
Financial Performance - Net income attributable to common stockholders for Q4 2018 was $197 million, or $034 per share[6] - Net Core Earnings for Q4 2018 were $222 million, or $038 per share[6] - Book value was $1,1323 million, or $1966 per share in Q4[6] - A dividend of $043 per share was paid for Q4, equating to an 85% annualized dividend yield[6] Portfolio Activity - Originated $9080 million of floating-rate senior loans in Q4 2018[6] - Total loan originations for 2018 reached $27 billion[6] - The outstanding total loan portfolio was $41 billion, a 98% increase from Q4 2017[6] - 98% of the portfolio is floating-rate[6] Capitalization and Financing - $13 billion of undrawn financing capacity was available[6] - The non-mark-to-market term loan financing facility was increased by $4000 million to $10 billion[6] - A $10 billion managed collateralized loan obligation was issued, providing $8100 million of non-mark-to-market financing[6] Interest Rate Sensitivity - A 50 basis point increase in one-month USD LIBOR would increase net interest income by $44 million, or $008 per share, over the next twelve months[6]
KKR Real Estate Finance Trust (KREF) - 2019 Q4 - Earnings Call Presentation
2025-06-24 10:47
Financial Performance - Net Income attributable to common stockholders was $24.8 million, or $0.43 per diluted share in 4Q'19[7] - Net Core Earnings were $25.5 million, or $0.44 per diluted share in 4Q'19[7] - The company paid a 4Q dividend of $0.43 per share, equating to an 80% annualized dividend yield[7] - Book value was $1,1220 million, or $1952 per share[7] Portfolio and Originations - The company originated $7641 million of floating-rate senior loans in 4Q'19[7] - Total loan originations for 2019 reached a record of $31 billion, a 14% increase from 2018[7] - The outstanding total portfolio was $51 billion, up 23% from 4Q'18[7] - Senior loans had a weighted average LTV of 66%[7] Financing and Interest Rate Sensitivity - The company had $16 billion of undrawn financing capacity[7] - 72% of outstanding portfolio financing was non-mark-to-market[7] - 999% of the loan portfolio was floating-rate[7]