Welcome to our dedicated page for KKR Real Estate Finance Trust news (Ticker: KREF), a resource for investors and traders seeking the latest updates and insights on KKR Real Estate Finance Trust stock.
KKR Real Estate Finance Trust Inc. (KREF) is a prominent mortgage real estate investment trust (REIT) dedicated to originating and acquiring senior loans secured by commercial real estate (CRE) assets. This company, headquartered in New York City and founded in 2014, primarily engages in the origination and purchase of credit investments connected to CRE. These investments include both leveraged and unleveraged commercial mortgage loans and commercial mortgage-backed securities (CMBS).
KREF operates under a tax-efficient structure by electing to be taxed as a REIT, thereby avoiding federal corporate income taxes as long as it distributes at least 90% of its taxable income to stockholders. The company's investment strategy is geared towards capital preservation and generating attractive risk-adjusted returns for its investors over the long term, primarily through dividends.
Core Business and Operations
The core business of KKR Real Estate Finance Trust Inc. revolves around senior mortgage loans that are collateralized by high-quality CRE assets. These assets are managed by experienced and well-capitalized sponsors and are located in liquid markets with strong underlying fundamentals. KREF's investment portfolio is strategically curated to ensure stable and lucrative returns.
Recent Achievements and Current Projects
One of the notable recent developments involving KREF is their association with Kasa Living, Inc., a tech-powered hospitality brand. Jonathan Langer, a board member with experience at KKR Real Estate Finance Trust, has joined Kasa's Board of Directors. Kasa Living has recently closed a $70 million Series C fundraise led by Citi Ventures and FirstMark Capital. This collaboration highlights KREF's robust financial strength and strategic partnerships that fuel growth and profitability.
Financial Condition
Amid challenging market conditions, KREF has demonstrated resilience and maintained a strong balance sheet. This financial stability enables the company to continue its investment activities and uphold its commitment to delivering consistent dividends to its stockholders.
Partnerships and Future Prospects
KKR Real Estate Finance Trust Inc. leverages its association with KKR, a global investment firm with expertise across multiple asset classes including private equity, real estate, energy, infrastructure, credit, and hedge funds. This relationship enhances KREF's ability to source and manage high-quality investment opportunities, ensuring long-term value creation for its stakeholders.
Overall, KKR Real Estate Finance Trust Inc. remains a significant player in the real estate finance sector, with a focused strategy on CRE-backed senior loans, a solid financial foundation, and strategic partnerships that position it for sustained growth and success in the competitive investment landscape.
KKR Real Estate Finance Trust Inc. (KREF) will release its Q1 2021 financial results on April 26, 2021, after market close. A conference call to discuss these results is scheduled for April 27, 2021, at 10:00 a.m. ET. Investors can join the call by dialing (844) 784-1730 for U.S. calls or +1 (412) 380-7410 for international calls. The call will also be available live online through KREF's Investor Relations page. A replay will be accessible shortly after the broadcast.
KKR Real Estate Finance Trust Inc. (KREF) has priced a public offering of 6,000,000 shares of its 6.50% Series A Cumulative Redeemable Preferred Stock at $25.00 per share, aiming to raise $150 million. An additional 900,000 shares may be purchased by underwriters within 30 days. The offering is expected to close on April 16, 2021. Proceeds will be used for acquiring target assets and general corporate purposes. KREF plans to list the Preferred Stock on the NYSE under the symbol KREF PRA.
KKR Real Estate Finance Trust Inc. (KREF) has launched a public offering of Series A Cumulative Redeemable Preferred Stock, priced at $25.00 per share. The proceeds will be utilized for acquiring target assets and general corporate purposes. An application will be filed to list the Preferred Stock on the NYSE under the ticker symbol 'KREF PRA.' Raymond James & Associates and KKR Capital Markets are the joint book-running managers for the offering. KREF has filed necessary registration statements with the SEC to facilitate this offering.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) has declared a dividend of $0.43 per share for the first quarter of 2021. This dividend is payable on April 15, 2021, to shareholders recorded as of March 31, 2021. The company focuses on originating and acquiring senior loans backed by commercial real estate. KREF is managed by an affiliate of KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) announced that Matt Salem, CEO, will present at the Citi 2021 Virtual Global Property CEO Conference on March 8, 2021, at 8:15 AM ET. A live audio webcast will be available on KREF's Investor Center page. For those unable to attend, a replay will be accessible shortly after the event.
KREF specializes in originating and acquiring senior loans backed by commercial real estate. The company is externally managed by an affiliate of KKR & Co.
KKR Real Estate Finance Trust Inc. (KREF) announced its fourth quarter and full year 2020 results, available on its Investor Relations website. An upcoming conference call to discuss these results will occur on February 17, 2021, at 10:00 a.m. ET, accessible via phone or live online broadcast. A replay will also be provided post-call. KREF specializes in originating and acquiring senior loans secured by commercial real estate and is managed by an affiliate of KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) updated the tax treatment for its 2020 dividends. For the tax year ending December 31, 2020, the total cash disbursement was $2.15 per share, with adjustments leading to ordinary dividends of $1.83 and qualified dividends of $1.8325. The company emphasizes that these distributions are treated as received by shareholders on December 31, 2020. Shareholders are advised to consult tax professionals regarding their specific dividend tax implications.
KKR Real Estate Finance Trust Inc. (KREF) has disclosed the tax treatment of its 2020 common and preferred stock dividends. The company reported dividends of $0.43 per share for each quarter, totaling $2.15 for the year, with some being classified as ordinary dividends eligible for a tax deduction. The payment dates for dividends were set for January 15, 2021. Shareholders are advised to consult tax professionals for specific tax implications.
KKR Real Estate Finance Trust Inc. (KREF) is set to release its financial results for Q4 and the full year of 2020 on February 16, 2021, after market close. A conference call to discuss these results will be held on February 17, 2021, at 10:00 a.m. ET. Participants can join by phone or listen via a live broadcast on KREF’s website. A slide presentation with additional details will also be available online. KREF is focused on originating and acquiring senior loans backed by commercial real estate properties and is managed by an affiliate of KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) announced it will present Distributable Earnings as a supplement to its GAAP net income, starting with its Q4 2020 earnings release and Annual Report. This metric aims to provide investors with better insights into the company's operating performance and dividend-paying capability. KREF will replace its previous Core Earnings measurement with Distributable Earnings, which excludes certain non-cash expenses and one-time events. A full discussion of this method will be included in its 10-K report.
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