KKR Real Estate Finance Trust Inc. - KREF STOCK NEWS

KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced the election of Matthew Salem as a director effective February 1, 2022, while he continues as Chief Executive Officer. Ralph Rosenberg, Chairman of the Board, expressed confidence in Salem's leadership, noting his significant contributions since KREF's inception. With a background as a managing director at Rialto Capital and roles at Goldman Sachs, Salem brings extensive experience in real estate finance. KREF specializes in originating and acquiring senior loans secured by commercial real estate.

KKR Real Estate Finance Trust Inc. (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. This dividend will be payable on March 15, 2022 to stockholders of record as of February 28, 2022. KREF specializes in originating and acquiring senior loans secured by commercial real estate properties, managed by KKR & Co. Inc.

KKR Real Estate Finance Trust announced the tax treatment of its 2021 dividends. For the tax year ending December 31, 2021, the total cash distribution was $2.15, with ordinary dividends amounting to $1.52. Shareholders received $0.43 per share on four occasions: January 14, April 15, July 15, and October 15, 2021. Shareholders should consult tax advisors regarding their specific dividend tax treatment, particularly concerning qualified REIT dividends eligible for a 20% deduction under IRC Section 199A.

KKR Real Estate Finance Trust Inc. (KREF) has announced a change in the timing of its fourth quarter and full year 2021 results conference call. The call is now scheduled for 11:00 a.m. E.T. on February 9, 2022, shifting from its previous time of 9:00 a.m. E.T.. This adjustment aims to reduce conflicts for analysts. The call can be accessed via phone or live streamed on KREF's Investor Relations website. A replay will also be available shortly after the broadcast.

KKR Real Estate Finance Trust Inc. (KREF) is set to disclose its fourth quarter and full year 2021 financial results on February 8, 2022, after trading hours on the NYSE. A conference call to discuss these results will take place on February 9, 2022, at 9:00 a.m. ET. Participants can access the call by telephone or through a live broadcast on KREF's Investor Relations website. A replay will be available shortly after the live session.

KKR Real Estate Finance Trust Inc. (KREF) has announced the pricing of a public offering of 4,400,000 shares of its 6.50% Series A Cumulative Redeemable Preferred Stock at $25.00 per share. The offering will raise approximately $110,000,000 in gross proceeds and is set to close on January 13, 2022. KREF intends to utilize the funds for asset acquisitions and general corporate purposes. The offering includes an option for underwriters to purchase an additional 660,000 shares. The Preferred Stock is available on the NYSE under the symbol KREF PRA.

KKR Real Estate Finance Trust Inc. (KREF) has announced a public offering of additional shares of its 6.50% Series A Cumulative Redeemable Preferred Stock, priced at $25.00 per share. This offering will reopen KREF's previous issuance of 6,900,000 shares, making the new shares fully fungible with existing ones. The proceeds will be used to acquire target assets in line with KREF's investment strategies and for general corporate purposes. The Preferred Stock is traded on the NYSE under the ticker symbol KREF PRA.

KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced record fourth quarter 2021 results, closing 18 floating-rate loans totaling approximately $1.8 billion. This brings annual originations for 2021 to 37 loans with commitments of about $4.8 billion. The funded loan portfolio at year-end stood at approximately $6.7 billion. Key highlights include a successful public offering and a reduction in loan costs by 175 bps through repricing. KREF is well-positioned for growth in 2022.

KKR Real Estate Finance Trust Inc. (KREF) has appointed Kendra Decious as its new Chief Financial Officer and Treasurer, effective March 2, 2022. She replaces Mostafa Nagaty, who will support the transition until March 1, 2022. Decious brings over 15 years of experience from KKR, where she has held various leadership roles, including Head of Strategic Planning and Budgeting. CEO Matt Salem expressed confidence in Decious's ability to drive business growth, while thanking Nagaty for his contributions since 2018.