KKR Real Estate Finance Trust (US:KREF)2025-02-04 16:24Portfolio Overview - KREF's loan portfolio totals $59 billion[8] - 60% of the loan portfolio is in multifamily and industrial assets[8, 9] - 79% of secured financing is fully non-mark-to-market[8, 9] Financial Performance - The company reported a 4Q 2024 net income of $146 million, or $021 per diluted share[10] - The company reported a 4Q 2024 distributable loss of $147 million, or $021 per diluted share[10] - Book Value per Share is $1476, which includes a CECL allowance of $120 million, or ($174) per share[9] Liquidity and Capitalization - The company has $685 million in current liquidity, including $105 million in cash and $530 million of undrawn corporate revolver capacity[8, 9, 35] - The company repaid $220 million in financing, net, in 4Q 2024, reducing the total leverage ratio to 36x[9] Loan Portfolio Quality - The weighted average unlevered all-in yield of the loan portfolio is 78%[9] - The company collected 100% of interest payments in 4Q 2024[9, 18]