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Jun 30, 2022
KKR Q2 2022 Earnings Report
Reported financial results for the second quarter of 2022.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported net income attributable to common stockholders of $19.4 million, or $0.28 per diluted share, and Distributable Earnings of $33.1 million, or $0.48 per diluted share, for the three months ended June 30, 2022.
Originated and funded $1,034.2 million and $948.1 million, respectively, relating to 11 floating-rate multifamily and industrial loans.
Current funded loan portfolio of $7.8 billion is 100.0% performing and 100.0% floating rate as of June 30, 2022.
Completed an underwritten public offering of 2,750,000 shares of common stock at $19.51 per share, resulting in $53.7 million of net proceeds.
Increased the borrowing capacity on the corporate revolving credit facility to $610.0 million with a maturity date of March 2027.
Forward Guidance
KREF is well positioned in today’s market environment with a high quality, floating-rate loan portfolio secured by institutional real estate. KREF’s $1.0 billion of Q2 originations contributed to strong distributable earnings which should directly benefit from future increases in short term interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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