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) - 2018 Q4 - Earnings Call Presentation