KKR Real Estate Finance Trust (KREF) Tops Q4 EPS by 1c
KKR Real Estate Finance Trust (NYSE: KREF) reported Q4 EPS of $0.43, $0.01 better than the analyst estimate of $0.42.
- Committed and initially funded $764.1 million and $527.0 million, respectively, to six new floating-rate senior loans. Funded an additional $92.8 million for loans closed prior to the fourth quarter.
- Received approximately $765.4 million from the repayment of loans.
- Current portfolio of $5.1 billion is 100% performing with a weighted average risk rating of 2.9, and 99% floating-rate with a weighted average loan-to-value ratio ("LTV") of 66% as of December 31, 2019. Current portfolio increased 23% over 2018.
- Book value was $1,122.0 million or $19.52 per share as of December 31, 2019, compared to $1,122.0 million or $19.54 per share as of September 30, 2019.
- Added to the S&P SmallCap 600 index
For earnings history and earnings-related data on KKR Real Estate Finance Trust (KREF) click here.
