KKR Real Estate Finance Trust Inc. reported net income of $28.6 million, or $0.52 per share, and Core Earnings of $25.0 million, or $0.45 per share, for the quarter ended June 30, 2020.
Liquidity position of $431.1 million, including $127.3 million in cash.
Funded portfolio of $5.3 billion is 99.9% performing with a weighted average risk rating of 3.1.
99% of the portfolio is floating-rate with a weighted average loan-to-value ratio of 66%.
Repurchased 389,086 shares of KREF's common stock for $5.8 million at an average price of $14.92 per share.
Company has a strong liquidity position which it will use to invest in the attractive market environment.
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