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Recap: KKR Real Estate Finance Q3 Earnings

Benzinga Insights
·1 min read

Shares of KKR Real Estate Finance (NYSE:KREF) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 34.88% year over year to $0.58, which beat the estimate of $0.44.

Revenue of $38,857,000 higher by 35.74% year over year, which beat the estimate of $34,860,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

View more earnings on KREF

KKR Real Estate Finance hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $22.03

Company's 52-week low was at $6.84

Price action over last quarter: down 1.19%

Company Overview

KKR Real Estate Finance Trust Inc is a real estate finance company that focuses primarily on originating and acquiring senior mortgage loans secured by CRE assets. Its investment strategy is to originate or acquire senior mortgage loans collateralized by institutional-quality CRE assets that are owned and operated by experienced and well-capitalized sponsors and located in liquid markets with strong underlying fundamentals. KKR manages investments across multiple asset classes, including private equity, real estate, energy, infrastructure, credit, and hedge funds. The company investment objective is capital preservation and generating attractive risk-adjusted returns for its stockholders over the long term, primarily through dividends.

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