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Kkr Reit (KREF)
:KREF
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.39Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 03, 2025
|% Change Since: 11.94%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a positive outlook with strong liquidity and a decrease in watchlist percentage, indicating better asset management. However, challenges remain with distributable losses, ongoing issues in the office and life science sectors, and high leverage levels.Company Guidance
During the KKR Real Estate Finance Trust's Fourth Quarter 2024 earnings call, several key metrics and guidance were shared. The company reported a GAAP net income of $14.6 million or $0.21 per share, while book value remained relatively stable at $14.76 per share. A distributable loss of $14.7 million or $0.21 per share was noted for the quarter, alongside a $0.25 per share dividend, yielding 10%. The company's watchlist percentage of loans decreased from 13% in Q4 2023 to 8% by the end of 2024. They repaid over $450 million in the fourth quarter, contributing to a total of $1.5 billion in full-year repayments, and closed two new loans totaling $225 million in January 2025. With $685 million in liquidity and no corporate maturities until 2027, KREF remains focused on leveraging its robust pipeline, confident in higher-quality asset opportunities and potential shareholder value optimization. The company anticipates repayments to exceed $1 billion again in 2025, with expectations for originations to outpace these repayments, reflecting an active lending market.Decreased Watchlist Percentage
Reduced watchlist percentage from 13% in Q4 2023 to 8% in Q4 2024, indicating improved asset management outcomes.
Strong Liquidity Position
Maintained strong liquidity with $685 million available at the end of Q4 2024 and no corporate maturities until 2027.
Repayment and Origination Activity
Fourth quarter repayments exceeded $450 million, with full-year repayments totaling $1.5 billion. Expect originations to outpace repayments in the near term.
Proactive Management of CECL Allowance
Modified San Carlos Life Science loan, resulting in a $36 million subordinated note write-off and a decrease in total CECL reserve to $120 million.
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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
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KREF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 03, 2025 | $10.05 | $11.02 | +9.65% |
| Oct 21, 2024 | $11.39 | $11.38 | -0.09% |
| Jul 22, 2024 | $9.64 | $11.05 | +14.63% |
| Apr 23, 2024 | $9.32 | $9.09 | -2.47% |
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.
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FAQ
When does Kkr Reit (KREF) report earnings?
Kkr Reit (KREF) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is Kkr Reit (KREF) earnings time?
Kkr Reit (KREF) earnings time is at Apr 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 (Q1) is 0.29.
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