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Mar 31, 2022
KKR Q1 2022 Earnings Report
Reported first quarter financial results.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported net income attributable to common stockholders of $29.8 million, or $0.47 per basic share, and Distributable Earnings of $29.8 million, or $0.47 per diluted share, for the quarter ended March 31, 2022.
Originated and funded $843.6 million and $618.1 million, respectively, relating to nine floating-rate loans.
Current funded loan portfolio of $7.1 billion is 100.0% performing and 100.0% floating rate as of March 31, 2022.
Closed a $1.0 billion managed multifamily CLO with two-year reinvestment period providing $847.5 million of non-mark-to-market and non-recourse financing.
Increased the borrowing capacity on the corporate revolving credit facility to $520.0 million and extended the maturity date through March 2027.
Forward Guidance
KREF is well positioned to capitalize on the opportunities in this market environment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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