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Jun 30, 2021
KKR Q2 2021 Earnings Report
Reported financial results for the quarter ended June 30, 2021.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported a strong second quarter with net income attributable to common stockholders of $29.3 million, or $0.52 per diluted share, and distributable earnings of $30.4 million, or $0.54 per diluted share.
Originated eight senior loans totaling $967.1 million with a weighted average LTV and coupon of 64% and L+3.6%, respectively.
Issued 6,900,000 shares of 6.5% Series A Cumulative Redeemable Preferred Stock, receiving net proceeds of $167.1 million.
Maintained a $633.5 million liquidity position, including cash, undrawn capacity on the corporate revolving credit facility, and available borrowings.
The current loan portfolio has a record $5.6 billion funded portfolio that is 97.9% performing with a weighted average risk rating of 3.1.
Forward Guidance
The pipeline remains robust with an additional $850 million of loans under exclusivity or closed since quarter end.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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