earnings
confidence high
sentiment positive
materiality 0.75
KREF Q2 net income $29.3M ($0.52/sh); origination $967M; $1.3B CLO priced
KKR Real Estate Finance Trust Inc.
2021-Q2 EPS reported
$1.05
- Net income $29.3M ($0.52/sh); Distributable Earnings $30.4M ($0.54/sh) for Q2 2021.
- Originated eight senior loans totaling $967.1M; loan repayments $271.0M during quarter.
- Issued 6.9M shares of 6.5% Series A Preferred for net proceeds $167.1M.
- Priced $1.30B managed CLO in July, expected to close Aug 16 with L+1.30% cost.
- Portfolio $5.6B funded, 97.9% performing, 99.9% floating-rate; book value $18.91/sh.