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KKR Real Estate Finance Trust (KREF) - 2017 Q4 - Earnings Call Presentation
2025-06-24 10:48
Financial Highlights - Net income attributable to common stockholders was $17 million, or $032 per share[6,8] - Core Earnings were $171 million, or $032 per share[6,49] - The company paid a dividend of $037 per share[6,8] - Book value per share was $973[6] Portfolio and Originations - Originated $15 billion of floating-rate senior loans in 2017, a 175% increase from the prior year[6,13,14] - The portfolio totaled $21 billion, a 15% increase from the previous quarter, with a weighted average LTV of 67%[6,20] - 93% of the portfolio is indexed to one-month USD LIBOR[6,33] Financing and Interest Rate Sensitivity - Total financing capacity of $18 billion with $856 million of undrawn capacity[28] - A 50 basis point increase in one-month USD LIBOR would increase net interest income by $28 million, or $005 per share, over the next 12 months[33] - The company's Debt-to-Equity Ratio is 08x and Total Leverage Ratio is 10x[8,27]
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]
Velocity Financial: Another Good Performance And Potential Acquisition Target
Seeking Alpha· 2025-06-23 13:15
Group 1 - Velocity Financial (NYSE: VEL) is a vertically integrated real estate finance company that has shown promise, yet its shares have not performed as expected [1] - The company is part of a broader investment strategy that focuses on small companies with high growth potential, utilizing a buy and hold approach with tranche purchases [2] - The analyst has a beneficial long position in VEL shares, indicating confidence in the company's future performance [3]
UPDATE -- Ready Capital Corporation Declares Second Quarter 2025 Dividends
Globenewswire· 2025-06-14 12:54
Group 1 - The Company declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025, payable on July 31, 2025 [1] - The Company announced a dividend of $0.390625 per share of its 6.25% Series C Cumulative Convertible Preferred Stock, payable on July 15, 2025 [2] - A dividend of $0.40625 per share of its 6.50% Series E Cumulative Redeemable Preferred Stock was also declared, payable on July 31, 2025 [3] Group 2 - Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans [4] - The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [4] - The Company is headquartered in New York and employs approximately 500 professionals nationwide [4]
Ready Capital Corporation Declares First Quarter 2025 Dividends
Globenewswire· 2025-06-13 20:10
Core Points - Ready Capital Corporation declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2025, payable on July 31, 2025, to shareholders of record as of June 30, 2025 [1] - The Company also declared a dividend of $0.390625 per share of its 6.25% Series C Cumulative Convertible Preferred Stock, payable on July 15, 2025, to Series C Preferred stockholders of record as of June 30, 2025 [2] - Additionally, a dividend of $0.40625 per share of its 6.50% Series E Cumulative Redeemable Preferred Stock was declared, payable on July 31, 2025, to Series E Preferred stockholders of record as of June 30, 2025 [3] Company Overview - Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans [4] - The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [4] - Headquartered in New York, the Company employs approximately 500 professionals nationwide [4]
Invesco Commercial Real Estate Finance Trust, Inc. ("INCREF") Provides $354.6M To Refinance Industrial Portfolio
Prnewswire· 2025-06-13 15:34
Core Insights - Invesco Commercial Real Estate Finance Trust, Inc. (INCREF) has provided $354.6 million in financing to Bridge Logistics Properties (BLP) for refinancing an industrial assets portfolio [1][3] - The portfolio consists of 24 properties totaling 2,454,761 square feet located in key states including California, Washington, Texas, New Jersey, New York, and Florida [2] - This financing aligns with INCREF's strategy of originating high-quality, income-generating loans secured by institutional quality assets in liquid markets across the US and Europe [3] Company Overview - INCREF is a perpetual life real estate investment trust focused on private credit secured by real estate, managed by Invesco Advisers, Inc. [4] - Invesco Real Estate, a global leader in real estate investment management, manages $85 billion in real estate assets and has a workforce of 605 employees across 21 regional offices [5] - Bridge Logistics Properties is a vertically integrated logistics real estate investment manager founded in 2021, led by experienced professionals from notable firms [7][8] Financial Strategy - The loan provided to BLP is characterized as a sub-70% loan-to-value loan secured by a diversified portfolio of well-leased, cash-flowing industrial properties [3] - With this financing, INCREF's portfolio now totals 61 loans representing over $3.6 billion in loan commitments across the US and Europe [3] Market Position - BLP focuses on value-driven investment strategies and collaborates closely with institutional capital partners, targeting coastal and gateway markets in the US [8] - Bridge Investment Group, the parent company of BLP, manages approximately $49 billion in assets and operates across various specialized asset classes [10]
Arbor Realty: Dividend Unlikely To Recover After 2025 As Multifamily Outlook Worsens
Seeking Alpha· 2025-05-17 13:37
Core Insights - The article discusses the background and expertise of a financial analyst named Harrison, who has been active on Seeking Alpha since 2018 and has over a decade of market experience [1]. Group 1 - Harrison has professional experience in private equity, real estate, and economic research [1]. - He possesses an academic background in financial econometrics, economic forecasting, and global monetary economics [1].
Lument Finance Trust Reports First Quarter 2025 Results
Prnewswire· 2025-05-12 20:45
Core Points - Lument Finance Trust, Inc. reported a GAAP net loss of $1.7 million, or $0.03 per share, for the first quarter of 2025 [1] - The company reported distributable earnings of $4.0 million, or $0.08 per share, for the same period [1] - A conference call is scheduled for May 13, 2025, to discuss the financial results and provide a business update [2] Financial Performance - The reconciliation of GAAP to non-GAAP information shows a net income attributable to common shareholders of $(1,707,526) for the three months ended March 31, 2025 [10] - Adjustments included unrealized losses on mortgage servicing rights of $22,518 and unrealized provisions for credit losses of $5,697,661, leading to distributable earnings of $4,021,203 [10] - The weighted average shares outstanding were 52,309,887, resulting in distributable earnings per share of $0.08 [10] Company Overview - Lument Finance Trust is focused on investing in, financing, and managing a portfolio of commercial real estate debt investments, primarily in transitional floating rate commercial mortgage loans [11] - The company emphasizes middle-market multi-family assets and is externally managed by Lument Investment Management LLC [11]
Ready Capital Corporation Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 21:00
- GAAP EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $0.47 -- DISTRIBUTABLE LOSS PER COMMON SHARE OF $(0.09) -- DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.00 - NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner-occupied commercial real estate loans, today reported f ...