KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend

Rhea-AI Summary

KKR Real Estate Finance Trust Inc. (NYSE: KREF) has announced a dividend of $0.40625 per share on its 6.50% Series A Cumulative Redeemable Preferred Stock, translating to an annual dividend of $1.625. This dividend is set to be distributed on March 15, 2023 to stockholders on record as of February 28, 2023. KREF primarily focuses on originating and acquiring senior loans secured by commercial real estate properties and is managed by KKR & Co. Inc.

Positive

• Declared a dividend of $0.40625 per share, indicating confidence in cash flow.
• Represents an annual dividend yield of $1.625 per share, appealing for income-focused investors.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend of $0.40625 per each issued and outstanding share of the Company’s 6.50% Series A Cumulative Redeemable Preferred Stock, which represents an annual dividend of $1.625 per share. The dividend is payable on March 15, 2023 to KREF’s preferred stockholders of record as of February 28, 2023.

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company or are within its control. The forward-looking statements speak only as of the date of this press release or as of the date they are made, and the Company does not undertake any obligation to update any forward-looking statements except as required by law. Information about factors affecting the Company and the forward-looking statements is available in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, and other filings with the Securities and Exchange Commission, which are available at www.sec.gov.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230203005451/en/

MEDIA:

Miles Radcliffe-Trenner

(212) 750-8300

media@kkr.com

INVESTOR RELATIONS:

Jack Switala

(212) 763-9048

kref-ir@kkr.com

Source: KKR Real Estate Finance Trust Inc.

FAQ

What is the KREF dividend amount for March 2023?

KKR Real Estate Finance Trust declared a dividend of $0.40625 per share for March 2023.

When will KREF pay its dividend?

The dividend will be payable on March 15, 2023.

What is the record date for KREF's dividend?

The record date for KREF's dividend is February 28, 2023.

What is KREF's preferred stock dividend yield?

The annual dividend yield for KREF's preferred stock is $1.625 per share.