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.
Urban Renaissance Group has partnered with KKR Real Estate Finance Trust Inc. (KREF) to revitalize the Lloyd Center in Portland. This initiative continues to honor its 1960 traditions while engaging local community feedback for future investments. URG, known for significant projects like the $28 million renovation of the former Oregonian headquarters, aims to enhance the property’s status as a community hub. The Lloyd Center currently operates with around 100 businesses and remains a popular destination for shopping and recreational activities.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) has declared a $0.43 dividend per common share for the fourth quarter of 2021. This dividend will be payable on January 14, 2022 to stockholders of record as of December 31, 2021. 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) has successfully closed a repricing of its existing Term Loan B, totaling $298 million, and an additional $52 million, resulting in a new Term Loan B of $350 million due in 2027. This new loan carries an interest rate of LIBOR plus 350 basis points, a reduction of 125 basis points from the previous loan. KREF aims to use the net proceeds for general corporate purposes, effectively lowering its cost of capital by 175 bps, as stated by President Patrick Mattson.
KKR Real Estate Finance Trust Inc. (KREF) has priced a public offering of 5,000,000 shares of its common stock, with total gross proceeds estimated at
KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced its agreement to issue and sell 5 million shares of common stock, with an additional option of 750,000 shares for underwriters. The net proceeds will be used for asset acquisitions aligned with its investment strategies and general corporate purposes. The offering is managed by leading financial firms, including Morgan Stanley and Goldman Sachs. Registration statements are effective with the SEC. This release doesn't constitute a sale offer in jurisdictions where it's unlawful.
KKR Real Estate Finance Trust Inc. (KREF) reported its Q3 2021 financial results, which are available on its Investor Relations website. A conference call to discuss these results is scheduled for October 26, 2021, at 9:00 a.m. ET, accessible via phone or online. A replay will be available shortly after the call. KREF primarily 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. (KREF) announced a dividend of
KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced that President and COO Patrick Mattson will participate in a panel discussion during the Moody's Banking Series 2021. The event is scheduled for October 27, 2021, at 1:00 PM ET. A live audio webcast will be accessible through KREF's Investor Center, with a replay available after the event for those unable to attend live.
KREF specializes in originating and acquiring senior loans secured by commercial real estate properties and is externally managed by an affiliate of KKR & Co.
KKR Real Estate Finance Trust Inc. (KREF) will release its Q3 2021 financial results on October 25, 2021, after market close. A conference call to discuss the results is scheduled for October 26, 2021, at 9:00 a.m. ET, accessible via phone and online. Interested parties can listen to a replay of the call later. 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. (NYSE: KREF) announced that CEO Matt Salem will participate in a panel discussion at the KBW Virtual CRE Day on Wednesday, September 29, 2021, at 10:15 AM ET. The event will be accessible via a live audio webcast on KREF's Investor Center webpage. A replay will be available shortly after the live presentation for those unable to attend. KREF specializes in originating and acquiring senior loans secured by commercial real estate properties and is managed by an affiliate of KKR & Co. Inc.
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