earnings
confidence high
sentiment positive
materiality 0.70
KREF Q3 2021 net income $32M ($0.57 diluted); distributable earnings $0.62; BVPS $19.09
KKR Real Estate Finance Trust Inc.
2021-Q3 EPS reported
$1.62
- Net income of $32.0M ($0.57 diluted) vs $29.3M ($0.52) Q2 2021; distributable earnings $34.5M ($0.62).
- Originated eight senior loans totaling $1.5B; received $934.9M in repayments.
- Closed $1.3B managed CLO with 84.25% advance rate; entered new $500M non-mark-to-market term facility.
- Funded loan portfolio $5.8B, 98% performing, 99.9% floating-rate, weighted average LTV 67%.
- Book value per share $19.09, up from $18.91 in Q2; sixth consecutive quarterly accretion.