Strong Loan Pipeline
Loan demand has recovered significantly, with a pipeline running near record levels. The transaction activity is robust, and the lending opportunity remains highly attractive.
Geographical and Investment Diversification
KREF is diversifying its portfolio into Europe and creating more duration through CMBS investments. They anticipate new originations in the European loan market by the end of the year.
Active Share Repurchase Program
KREF repurchased $20 million of stock in the second quarter, contributing to book value per share accretion. A total of $137 million has been repurchased since the inception of the buyback plan.
Robust Liquidity Position
KREF maintains a strong liquidity position with $757 million available, including $108 million of cash on hand and $620 million of undrawn corporate revolver capacity.