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Mar 31, 2021
KKR Q1 2021 Earnings Report
Reported financial results for the quarter ended March 31, 2021.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported a strong start to 2021, originating three senior loans totaling $534.5 million. The company's earnings benefited from portfolio performance and in-place rate floors, with distributable earnings well in excess of the quarterly dividend.
Originated three senior loans totaling $534.5 million, with a weighted average LTV of 69% and coupon of L+3.4%.
Maintained a strong liquidity position of $571.1 million, including $209.3 million in cash.
Received loan repayments of $244.3 million.
Current loan portfolio is 97.8% performing with a weighted average risk rating of 3.1.
Forward Guidance
KREF is off to a strong start in 2021 with over $1.2 billion of loans closed or under exclusivity year to date. Our recent preferred stock issuance provides additional growth capital to invest in today’s attractive market and service our institutional client base.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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