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Kkr Real Estate Finance Trust Inc (KREF)
NYSE:KREF
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.11Last Year’s EPS
-1.57Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -0.86%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of KKR Real Estate Finance Trust's performance. While the company demonstrated strong liquidity, a significant pipeline, and made strategic moves in share buybacks and European market expansion, it also faced challenges such as a reported net loss, market uncertainty, and specific loan downgrades.Company Guidance
In the first quarter of 2025, KKR Real Estate Finance Trust Inc. reported a GAAP net loss of $10.6 million, equivalent to 15 cents per share, while the book value per share was $14.44 as of March 31. Distributable earnings were $17 million, or 25 cents per share, aligning with their dividend. The company has secured a strong liquidity position, with over $700 million available, and no corporate maturities until 2030, thanks to refinancing their Term Loan B with a new seven-year facility. The real estate credit market has seen increased volatility, with senior loan spreads widening by 10 to 15 basis points, transitional loans by 15 to 20 basis points, and BMBF spreads by 50 to 75 basis points. Their pipeline is robust, totaling over $30 billion, and the company closed four loans worth $376 million, mainly secured by Class A multi-family properties with a weighted average LTV of 69% and a coupon of SOFR plus 277 basis points. Despite challenges, KKR remains focused on diversifying its portfolio, particularly in the European lending market, and exploring new issuance opportunities in CMBS.Strong Liquidity and No Near-term Maturities
KKR Real Estate Finance Trust reported having over $700 million in liquidity and no corporate maturities until 2030, having extended their corporate revolver and refinanced the Term Loan B.
Significant Pipeline and Active Quarter
The company has a robust pipeline totaling over $30 billion, and closed four loans for a total of $376 million during the quarter. 80% of these were secured by Class A, multi-family properties.
Investment in Share Buybacks
KKR repurchased $10 million of its own stock at a weighted average price of $11.03, raising the total shares repurchased in the past two quarters to $20 million.
European Market Expansion
The company is actively looking at opportunities to diversify its portfolio and add duration by focusing on the European lending market.
KREF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2025 | $9.28 | $8.94 | -3.66% |
Feb 03, 2025 | $9.82 | $10.77 | +9.67% |
Oct 21, 2024 | $11.13 | $11.12 | -0.09% |
Jul 22, 2024 | $9.42 | $10.80 | +14.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kkr Real Estate Finance Trust Inc (KREF) report earnings?
Kkr Real Estate Finance Trust Inc (KREF) is schdueled to report earning on Jul 28, 2025, TBA Not Confirmed.
What is Kkr Real Estate Finance Trust Inc (KREF) earnings time?
Kkr Real Estate Finance Trust Inc (KREF) earnings time is at Jul 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KREF EPS forecast?
KREF EPS forecast for the fiscal quarter 2025 (Q2) is -0.11.