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Dec 31, 2021
KKR Q4 2021 Earnings Report
Reported financial results for the quarter and full year ended December 31, 2021.
Key Takeaways
KKR Real Estate Finance Trust Inc. reported net income attributable to common stockholders of $35.2 million, or $0.59 per diluted share, for the three months ended December 31, 2021. Distributable Earnings were ($2.9) million, or ($0.05) per diluted share for the same period.
Originated and funded $1.8 billion and $1.5 billion, respectively, relating to 18 floating-rate loans.
Completed an accretive underwritten public offering of 5,547,361 common shares at $21.76 per share, resulting in $120.4 million of net proceeds.
Completed repricing of $297.8 million existing secured term loan and a $52.2 million add-on, for an aggregate principal amount of $350.0 million due September 2027.
Common book value increased to $1,188.9 million, or $19.37 per common share, as of December 31, 2021, representing seven consecutive quarters of book value accretion.
Forward Guidance
KREF had a strong 2021 with record originations of $4.8 billion and a 35% increase in the funded portfolio to $6.8 billion. The KREF brand continues to drive robust capital markets activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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