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Mar 31, 2023
KKR Q1 2023 Earnings Report
Reported a net loss due to additional reserves for two 5-risk rated office loans and heightened market volatility.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported a net loss attributable to common stockholders of ($30.8) million, or ($0.45) per diluted share, and Distributable Earnings of $33.1 million, or $0.48 per diluted share, for the quarter ended March 31, 2023. The company's liquidity position was $892.2 million, and the loan portfolio stood at $7.9 billion with 100% floating rate and a weighted average all-in yield of 8.5%.
Net loss attributable to common stockholders was ($30.8) million, or ($0.45) per diluted share.
Distributable Earnings were $33.1 million, or $0.48 per diluted share.
Liquidity position of $892.2 million, including $254.1 million in cash.
Loan portfolio of $7.9 billion with 100% floating rate and a weighted average all-in yield of 8.5%.
Forward Guidance
The release contains forward-looking statements regarding the company's future operations and financial performance, subject to risks and uncertainties including economic conditions, interest rate changes, and real estate market developments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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