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.
KKR Real Estate Finance Trust (KREF) has declared a dividend of $0.460417 per share for its 6.50% Series A Cumulative Redeemable Preferred Stock, amounting to an annual dividend of $1.625 per share. This dividend will be payable on September 27, 2021 to stockholders of record as of September 17, 2021. 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 closed a $1.3 billion Commercial Real Estate Collateralized Loan Obligation (CLO), named KREF 2021-FL2, on August 16, 2021. This transaction allows KREF to refinance its previous $1.0 billion CLO and enhances its non-mark-to-market, non-recourse financing capabilities. The FL2 CLO finances one mortgage loan and 19 participation interests in KREF's portfolio, featuring a weighted average cost of capital of L+1.30%. The company's strong brand and management track record facilitated this attractive financing opportunity.
KKR Real Estate Finance Trust Inc. (KREF) reported its second quarter 2021 results, available on its website. A conference call to discuss the financial performance is scheduled for July 27, 2021, at 9:00 a.m. ET, accessible via phone or live internet broadcast. Additional information is provided in a supplemental slide presentation on KREF's Investor Relations page. KREF focuses on senior loans secured by commercial real estate properties and is managed by KKR & Co. Inc.
KKR Real Estate Finance Trust Inc. (KREF) has announced the release date for its second quarter 2021 financial results, set for Monday, July 26, 2021, after market close. A conference call to discuss these results will take place on Tuesday, July 27, 2021, at 9:00 a.m. ET. Investors can access the call via phone or stream it live on KREF's Investor Relations webpage. Additionally, a slide presentation with supplemental information will be available prior to the call. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties.
KKR Real Estate Finance Trust (KREF) has declared a dividend of $0.43 per share for the second quarter of 2021. This dividend is set to be distributed on July 15, 2021, to stockholders of record as of June 30, 2021. KREF specializes in originating and acquiring senior loans backed by commercial real estate. The company is externally managed by KKR & Co. and remains focused on its strategic objectives for financial growth.
KKR Real Estate Finance Trust Inc. (KREF) announced that CEO Matt Salem will present at the Nareit REITweek Virtual Investor Conference on June 9, 2021, at 11:45 AM ET. The presentation will be available via a live audio webcast on KREF’s Investor Center website. A replay will be accessible 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) announced the pricing of an underwritten public offering of 5,000,000 shares of its common stock by KKR REFT Holdings L.P. KREF will not sell any shares or receive proceeds from this offering, with the KKR Stockholder receiving the net proceeds. After the offering, the KKR Stockholder's ownership will decrease from 35.9% to approximately 27.0%, or 25.6% if the overallotment is exercised. The offering is set to close on May 13, 2021, subject to customary conditions.
KKR Real Estate Finance Trust Inc. (NYSE: KREF) has announced an underwritten secondary offering of 5,000,000 shares of its common stock by KKR REFT Holdings L.P., a subsidiary of KKR & Co. The underwriters also have a 30-day option to purchase an additional 750,000 shares. KREF will not receive any proceeds from the offering, which will go entirely to the KKR Stockholder. Following the offering, KKR Stockholder's ownership in KREF will decrease from 35.9% to approximately 27%.
KKR Real Estate Finance Trust Inc. (KREF) reported its first quarter 2021 results, now available on its Investor Relations page. A conference call to discuss these results is set for April 27, 2021, at 10:00 a.m. ET, accessible via phone or live internet broadcast. A presentation with supplemental information has also been posted online. KREF primarily focuses on originating and acquiring senior loans secured by commercial real estate properties and is externally managed by KKR & Co.
KKR Real Estate Finance Trust (KREF) announced a dividend of $0.266319 per share on its 6.50% Series A Cumulative Redeemable Preferred Stock, amounting to an annual dividend of $1.625 per share. This payment is scheduled for June 15, 2021, for stockholders of record as of May 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.
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