KKR Real Estate Finance TrustNYSE: KREF

KKR Real Estate Finance Trust Inc. has decreased in value since our previous article, leading to a reduction in its distribution. The distributable earnings for Q1-2024 exceeded the 25 cents declared. We explain why another distribution cut is likely to occur within the next year.

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the first quarter 2024 on Tuesday, April 23, 2024, after the closing of trading on the New York Stock Exchange. A conference call to discuss KREF's financial results will be held on Wednesday, April 24, 2024 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pa.

KKR Real Estate Finance: CRE Anxiety Will Last Through 2024

KKR Real Estate Finance Trust Inc. (KREF) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for KKR Real Estate (KREF) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.18 per share a year ago.

NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it plans to release its financial results for the fourth quarter 2023 on Tuesday, February 6, 2024, after the closing of trading on the New York Stock Exchange. A conference call to discuss KREF's financial results will be held on Wednesday, February 7, 2024 at 9:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers);.

KKR Real Estate Finance has seen its discount to book value reduce to just 14%. The mREIT is now paying out a 12.2% dividend yield that was not fully covered by distributable earnings. Book value is set to see more near-term disruption as the Fed begins to cut interest rates.

KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.50 per share a year ago.