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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) declared a dividend of $0.43 per share for Q1 2022. The dividend is set to be paid on April 15, 2022, to stockholders of record as of March 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. This dividend announcement is significant for investors seeking income from their investments.
KKR Real Estate Finance Trust Inc. (KREF) announced the pricing of a public offering of 6,000,000 shares of common stock, with a 30-day option for underwriters to purchase an additional 900,000 shares. Estimated gross proceeds are around
KKR Real Estate Finance Trust Inc. (NYSE: KREF) has announced an underwritten public offering of 6,000,000 shares of its common stock, with an option for underwriters to purchase an additional 900,000 shares. The proceeds will be utilized for acquiring target assets aligned with its investment strategies and for general corporate purposes. The offering's registration has been declared effective by the SEC, and major financial institutions including Morgan Stanley, Wells Fargo, and Goldman Sachs are involved as book-running managers.
KKR Real Estate Finance Trust Inc. (KREF) announced that CEO Matt Salem will present at the Citi 2022 Global Property CEO Conference on March 7, 2022, at 9:45 AM E.T. Investors can access a live audio webcast of the presentation on KREF’s Investor Center website. KREF specializes in originating and acquiring senior loans secured by commercial real estate properties and is externally managed by an affiliate of KKR & Co. Inc. For more details, visit www.kkrreit.com.
KKR Real Estate Finance Trust Inc. (KREF) has successfully closed the KREF 2022-FL3, a $1.0 billion Commercial Real Estate Collateralized Loan Obligation (CLO), on February 10, 2022. This CLO finances two mortgage loans and 14 participation interests in KREF's multifamily loan portfolio, providing non-recourse financing with a weighted average cost of capital of one-month Term SOFR + 1.71%. Patrick Mattson, COO, highlighted that this marks KREF's third CLO issuance, indicating strong market presence.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) reported its fourth quarter and full year 2021 results, available on their investor relations site. A conference call to discuss these results is scheduled for February 9, 2022, at 11:00 a.m. ET. Participants can join via phone or listen online. A replay will be available shortly after the live broadcast. KREF focuses on 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. (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
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.
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