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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) 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.
KKR Real Estate Finance Trust Inc. (KREF) closed seven floating-rate loans totaling approximately $565.4 million in Q4 2020, boosting its funded portfolio to $5.0 billion. CEO Matt Salem highlighted the defensive portfolio and conservative liabilities as key contributors to their successful origination efforts. The closed loans included six senior loans with an average loan-to-value (LTV) of 68% and an interest rate of L + 4.6%. They also received $534.6 million from loan repayments, reflecting strong cash flow management during an unprecedented year.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) declared a $0.43 dividend per share for the fourth quarter of 2020. This dividend is payable on January 15, 2021 to stockholders of record as of December 31, 2020. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is managed by an affiliate of KKR & Co.
KKR Real Estate Finance Trust Inc. (KREF) announced that CEO Matt Salem and COO Patrick Mattson will present at the Nareit REITworld 2020 Annual Conference on November 18, 2020, at 9:30 AM ET. A live audio webcast of the presentation will be accessible in KREF's Investor Center. A replay will be available shortly after the event for those unable to attend live. KREF focuses on 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. (KREF) reported its third-quarter 2020 results, accessible via its Investor Relations webpage. The company, which focuses on originating and acquiring senior loans backed by commercial real estate, will host a conference call on October 27, 2020, at 10:00 a.m. ET to discuss its financial results. A replay will be available shortly after the live broadcast. Supplemental slide presentations are also posted online for further investor insights.
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