KKR Real Estate Finance Trust

KKR Real Estate Finance Trust, Inc. is a real estate finance company, which focuses primarily on originating and acquiring senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity and other debt-oriented instruments. The company's investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends. KKR Real Estate Finance Trust was founded on October 2, 2014 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q3 2023

Earnings data Q4 2023

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Earnings data Q3 2024

Earnings data Q4 2024

KKR Real Estate Finance Trust (KREF) reports solid Q4 performance

KKR Real Estate Finance Trust (KREF) demonstrated solid financial performance in Q4 2022, focusing on multifamily and industrial properties while actively managing risks in the office sector.
The company maintained high liquidity levels, modified loans to reduce exposure, and showed strength in the multifamily sector with positive credit performance.
Challenges include managing office sector liquidity, discussions on modifications, and concerns about CMBS exposure, while opportunities lie in future lending prospects and favorable real estate credit investments.

KKR Real Estate Finance Trust reports solid Q1 performance and navigates challenges

KREF delivered strong financial performance in Q1 2023, supported by a robust liquidity position and strategic portfolio composition.
While facing challenges in the office sector, the company is proactively managing reserves and focusing on defensive strategies.
Opportunities for growth lie in increasing liquidity, exploring diverse financing options, and leveraging market opportunities for strategic advantage.

KKR Real Estate Finance Trust reports mixed Q2 results and navigates loan challenges

KREF's Q2 performance showed a mix of losses and earnings, with a focus on managing CECL provisions and maintaining liquidity. The company's strengths lie in diverse lending activities, strong financing structure, and progress on key initiatives.
Challenges include increased reserves, potential losses impacting distributable earnings, and the need to address specific loan concerns. Opportunities exist in resolving risk-rated loans, optimizing outcomes, and leveraging market conditions.
Overall, KREF faces a dynamic landscape with opportunities to enhance performance through strategic decision-making, timely updates, and a focus on aligning with distributable earnings projections.

KKR Real Estate Finance Trust reports solid Q3 earnings performance

KREF's Q3 performance reflects resilience and adaptability in a dynamic market
Strong liquidity position and proactive asset management are key strengths
Challenges include limited loan repayments and cost implications of office spaces
Opportunities lie in positive market perceptions and effective portfolio management

KKR Real Estate Finance Trust faces losses but eyes growth opportunities

KREF navigated challenges in Q4 with a focus on asset optimization and proactive management strategies. Despite losses, the company's performance remains stable, with opportunities for growth in a changing market landscape.

KKR Real Estate Finance Trust reports mixed Q1 results and eyes deleveraging opportunities

KREF's Q1 2024 performance reflects a mix of challenges and strengths, with a focus on managing asset quality, liquidity, and risk reserves.
The company's proactive approach to deleveraging and strategic investments presents opportunities for growth and value creation in the real estate finance sector.
Investors should monitor KREF's asset performance, risk management strategies, and capital deployment decisions to assess its financial resilience and growth potential.

KKR Real Estate Finance Trust reports mixed Q2 performance

KREF's Q2 performance reflects a mix of positive and negative financial indicators.
The trust's strengths lie in its diversified portfolio, liquidity position, and prudent risk management.
Challenges include negative distributable earnings and market uncertainties.
Opportunities exist in the recovering real estate market and strategic investment decisions.

KKR Real Estate Finance Trust reports mixed Q3 performance outlook

KREF's Q3 performance showed a mix of challenges and strengths, with a focus on resolving watch list loans and optimizing the loan portfolio.
Despite a GAAP net loss, distributable earnings covered dividends, and the company remains well-positioned with ample liquidity and reduced leverage.
Management's optimism about future origination opportunities and market position signals confidence in KREF's growth potential.

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KKR Real Estate Finance Trust, Inc. engages in originating and acquiring transitional senior loans secured by commercial real estate assets. Its target assets include mezzanine loans, preferred equity, and other debt-oriented instruments. The company was founded on October 2, 2014 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the pricing of a public offering of 7,000,000 shares of KREF common stock (the “Offering”), consisting of 2,750,000 primary shares to be issued and sold by KREF and 4,250,000 secondary shares to be sold by KKR REFT Holdings L.P., a subsidiary of KKR & Co. Inc. (the “KKR Stockholder”). In addition, KREF has agreed to grant the underwriters a 30-day option to purchase from KREF up to an additio

KKR Real Estate Finance Trust Inc. Announces Pricing of Public Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the launch of a public offering of 7,000,000 shares of KREF common stock (the “Offering”), consisting of 2,750,000 primary shares to be issued and sold by KREF and 4,250,000 secondary shares to be sold by KKR REFT Holdings L.P., a subsidiary of KKR & Co. Inc. (the “KKR Stockholder”). In addition, KREF has agreed to grant the underwriters a 30-day option to purchase from KREF up to an addition

KKR Real Estate Finance Trust Inc. Announces Public Offering of Common Stock

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Matt Salem, Chief Executive Officer, will present at Nareit's REITweek: 2022 Investor Conference on Tuesday, June 7, 2022, at 10:15 AM ET. A live audio webcast of the presentation will be available on the Investor Center section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live audio webcast, a replay will be avail

KKR Real Estate Finance Trust Inc. to Present at Nareit's REITweek: 2022 Investor Conference

KKR Real Estate Finance Trust Inc. (NYSE:KREF ) Q1 2022 Earnings Conference Call April 26, 2022 10:00 AM ET Company Participants Jack Switala - IR Matt Salem - CEO Patrick Mattson - President and COO Kendra Decious - CFO Conference Call Participants Jade Rahmani - KBW Stephen Laws - Raymond James Don Fandetti - Wells Fargo Rick Shane - JP Morgan Steve Delaney - JMP Securities Eric Hagen - BTIG Operator Good morning and welcome to the KKR Real Estate Finance Trust Inc. First Quarter 2022 financial results conference call. All participants will be in listen only mode.

KKR Real Estate Finance Trust Inc. (KREF) CEO Matt Salem on Q1 2022 Results - Earnings Call Transcript

KKR Real Estate (KREF) delivered earnings and revenue surprises of 4.44% and 4.99%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

KKR Real Estate Finance (KREF) Tops Q1 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its first quarter 2022 results, which have been posted to the Investor Relations section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. A conference call to discuss KREF's financial results will be held on Tuesday, April 26, 2022 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. ca

KKR Real Estate Finance Trust Inc. Reports First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the first quarter 2022 on Monday, April 25, 2022, after the closing of trading on the New York Stock Exchange. A conference call to discuss KREF's financial results will be held on Tuesday, April 26, 2022 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass

KKR Real Estate Finance Trust Inc. to Announce First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its 2021 6.50% Series A Cumulative Redeemable Preferred Stock (the “Series A Preferred Stock”) dividends. The following table summarizes KREF's Series A Preferred Stock dividend payments for the tax year ended December 31, 2021:     Record Date   Payment Date Dividendper Share Ordinary Dividendsper Share(1) Qualified Dividendsper Share Capital Gain Dividendsper Share     May

KKR Real Estate Finance Trust Inc. Tax Treatment of 2021 Series A Preferred Stock Dividends

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced that Matt Salem, Chief Executive Officer, will present at the Citi 2022 Global Property CEO Conference on Monday, March 7, 2022 at 9:45 AM E.T. A live audio webcast of the presentation will be available on the Investor Center section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. About KKR Real Estate Finance Trust Inc. KREF is a real estate finance compa

KKR Real Estate Finance Trust Inc. to Present at the Citi 2022 Global Property CEO Conference

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced the closing of KREF 2022-FL3, a $1.0 billion managed Commercial Real Estate Collateralized Loan Obligation (“FL3 CRE CLO”) on February 10, 2022. The FL3 CRE CLO finances two mortgage loans and 14 pari passu participation interests in KREF's loan portfolio, all in the multifamily property segment, and provides KREF with match-term financing on a non-mark-to-market and non-recourse

KKR Real Estate Finance Trust Inc. Announces Closing of $1.0 Billion CLO

KKR Real Estate Finance Trust Inc. (KREF) CEO Matt Salem on Q4 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its fourth quarter and full year 2021 results, which have been posted to the Investor Relations section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. A conference call to discuss KREF's financial results will be held on Wednesday, February 9, 2022 at 11:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 38

KKR Real Estate Finance Trust Inc. Reports Fourth Quarter and Full Year 2021 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Company's Board of Directors elected Matthew Salem, the Company's Chief Executive Officer, as a director effective February 1, 2022. Mr. Salem will continue to serve as the Company's Chief Executive Officer. Ralph Rosenberg, Global Head of KKR Real Estate and Chairman of KREF's Board of Directors stated: “We are pleased to welcome Matt to the Board of Directors. KREF has benef

Matthew Salem Appointed to Board of Directors of KKR Real Estate Finance Trust Inc.

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the tax treatment of its 2021 common stock and special voting preferred stock dividends. The following table summarizes KKR Real Estate Finance Trust Inc.'s common stock and special voting preferred stock dividend payments for the tax year ended December 31, 2021: Tax Treatment of 2021 Dividends   Record Date   Payment Date   Cash Distribution   Adjustment   Dividend(1)   Ordinary Dividends(2)

KKR Real Estate Finance Trust Inc. Tax Treatment of 2021 Dividends

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it has changed the time of its fourth quarter and full year 2021 results conference call and webcast. To minimize scheduling conflicts amongst our analyst community, the conference call will now be held at 11:00 a.m. E.T. on Wednesday, February 9, 2022. The conference call was previously scheduled for 9:00am E.T. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or

KKR Real Estate Finance Trust Inc. Announces Time Change for Its Conference Call to Discuss Fourth Quarter and Full Year 2021 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the fourth quarter and full year 2021 on Tuesday, February 8, 2022, after the closing of trading on the New York Stock Exchange. A conference call to discuss KREF's financial results will be held on Wednesday, February 9, 2022 at 9:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U

KKR Real Estate Finance Trust Inc. to Announce Fourth Quarter and Full Year 2021 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the pricing of a public offering of 4,400,000 additional shares of its 6.50% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) at a public offering price of $25.00 per share (plus accrued dividends from and including December 15, 2021 to, but not including, January 13, 2022). This offering is a re-opening of KREF's previous issuance of 6,900,000 shares of Preferred Stock. The

KKR Real Estate Finance Trust Inc. Announces Pricing of Public Offering of Additional Shares of 6.50% Series A Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced the launch of a public offering of additional shares of its 6.50% Series A Cumulative Redeemable Preferred Stock (the “Preferred Stock”) with a $25.00 per share liquidation preference. This offering is a re-opening of KREF's previous issuance of 6,900,000 shares of Preferred Stock. The additional shares of Preferred Stock sold in this offering will form a single series, and be fully fungible, wit

KKR Real Estate Finance Trust Inc. Announces Launch of Public Offering of Additional Shares of 6.50% Series A Cumulative Redeemable Preferred Stock

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced that it closed 18 floating-rate loans totaling approximately $1.8 billion of commitments in the fourth quarter of 2021, resulting in record annual originations activity of 37 loans totaling approximately $4.8 billion of commitments for 2021. As of year-end, the outstanding funded loan portfolio was approximately $6.7 billion. Commenting on the fourth quarter and 2021 activity, Ma

KKR Real Estate Finance Trust Inc. Announces Record Annual and Fourth Quarter 2021 Originations of $4.8 Billion and $1.8 Billion, respectively

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) today announced that Kendra Decious has been appointed Chief Financial Officer and Treasurer of the Company, effective March 2, 2022. Ms. Decious will replace Mostafa Nagaty, who resigned from the Company. Mr. Nagaty will remain in his positions through March 1, 2022 and has agreed to assist the Company as it transitions his responsibilities. “We are thrilled to welcome Kendra to the KREF team.

KKR Real Estate Finance Trust Inc. Announces New CFO

PORTLAND, Ore.--(BUSINESS WIRE)--Lloyd Center Gets New Owner, Local Operator

Lloyd Center Gets New Owner, Local Operator

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced that it closed on a repricing of its $298 million existing Term Loan B (the “Existing Term Loan B”) and a $52 million add-on, for an aggregate principal amount of $350 million due 2027 (the “New Term Loan B”), which was issued at par. KREF intends to use the net proceeds from the New Term Loan B of $52 million for general corporate purposes. The New Term Loan B will bear interest at LIBOR plus 35

KKR Real Estate Finance Trust Inc. Announces Closing of Successful Repricing and Upsize of Senior Secured Term Loan B

KKR Real Estate Finance Trust Inc. (KREF) CEO Matt Salem on Q3 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its third quarter 2021 results, which have been posted to the Investor Relations section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. A conference call to discuss KREF's financial results will be held on Tuesday, October 26, 2021 at 9:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. c

KKR Real Estate Finance Trust Inc. Reports Third Quarter 2021 Results

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that Patrick Mattson, President and Chief Operating Officer, will participate in a panel discussion at the Moody's Banking Series 2021 on Wednesday, October 27, 2021 at 1:00 PM ET. A live audio webcast of the presentation will be available on the Investor Center section of KREF's website at http://www.kkrreit.com/investor-relations/events-and-presentations. For those unable to listen to the live

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