earnings
confidence high
sentiment positive
materiality 0.65
KREF Q1 distributable earnings $29.8M; book value per share rises to $19.46
KKR Real Estate Finance Trust Inc.
2022-Q1 EPS reported
$0.46
- Net income attributable to common stockholders $29.8M ($0.47 basic EPS) vs $35.2M ($0.59) in Q4 2021.
- Distributable earnings $29.8M ($0.47/sh) vs $(2.9)M in Q4; reflects strong operating performance.
- Originated $843.6M in floating-rate loans; funded $618.1M at weighted avg LTV 66% and coupon 3.4%.
- Closed $1.0B multifamily CLO; increased revolver to $520M and term lending to $750M.
- Book value per share $19.46, up for 8th consecutive quarter; liquidity $759.3M.