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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. (NYSE: KREF) has declared 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 per share. This dividend will be payable on September 15, 2022 to stockholders recorded by August 31, 2022. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is externally managed by an affiliate of KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) will release its second quarter 2022 financial results on July 25, 2022, after market close. A conference call is scheduled for July 26, 2022, at 10:00 a.m. ET, accessible via phone or online through the Investor Relations section of KREF’s website. A replay will be available post-broadcast. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is managed by an affiliate of KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) has declared a dividend of
KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced a public offering of 7,000,000 shares of common stock, with 2,750,000 primary shares from KREF and 4,250,000 secondary shares from KKR REFT Holdings L.P. The estimated gross proceeds are approximately $54.2 million, potentially increasing to $74.9 million with an underwriter's option. Post-offering, KKR's ownership will decrease from 21.0% to approximately 14.1%. KREF plans to use the proceeds for asset origination, acquisition, and general corporate purposes. The offering is expected to close on June 7, 2022.
KKR Real Estate Finance Trust Inc. (KREF) has announced a public offering of 7,000,000 shares of common stock, which includes 2,750,000 primary shares from KREF and 4,250,000 secondary shares from KKR REFT Holdings L.P. KREF will grant underwriters an option for an additional 1,050,000 shares. Proceeds will be used to finance additional assets aligned with its investment strategies. KKR Stockholder's ownership will decrease from 21.0% to approximately 14.1% post-offering. The offering is managed by multiple investment banks, including Morgan Stanley and Wells Fargo.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced that CEO Matt Salem will present at Nareit’s REITweek: 2022 Investor Conference on June 7, 2022, at 10:15 AM ET. A live audio webcast of the presentation will be accessible on KREF's Investor Center website, with a replay available shortly after the event for those unable to attend live.
KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is externally managed by KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) has released its first quarter 2022 financial results, now available on their Investor Relations website. A conference call to discuss these results is scheduled for April 26, 2022, at 10:00 a.m. ET, accessible via phone or live internet broadcast. Additional information, including a supplemental slide presentation, is also posted online. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties.
KKR Real Estate Finance Trust Inc. (KREF) has declared a dividend of $0.40625 per share for its 6.50% Series A Cumulative Redeemable Preferred Stock, amounting to an annual dividend of $1.625 per share. This dividend is set to be paid on June 15, 2022 to stockholders on record as of May 31, 2022. KREF focuses on originating and acquiring senior loans secured by commercial real estate, and is externally managed by KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) plans to release its financial results for Q1 2022 on April 25, 2022, after market close. A conference call to discuss the results is scheduled for April 26, 2022, at 10:00 a.m. ET. Investors can participate via phone or listen to a live broadcast on the company’s website. A replay of the call will be available shortly after its conclusion. KREF primarily focuses on originating and acquiring senior loans secured by commercial real estate properties.
KKR Real Estate Finance Trust Inc. (KREF) has announced the tax treatment for its 2021 Series A Cumulative Redeemable Preferred Stock dividends. The dividends for the year totaled $1.078816 per share, with ordinary dividends of $1.069301 per share, consisting of qualified dividends eligible for tax deductions. Shareholders are advised to consult their tax professionals regarding specific dividend tax treatments. The payment dates ranged from June 15 to December 15, 2021, impacting shareholder income positively.
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