KKR Real Estate Finance Trust (KREF) - 2019 Q4 - Earnings Call Presentation

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]