KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc.
Company profile
Ticker
KREF, KREF+A
Exchange
Website
CEO
Matthew Salem
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
KKR Real Estate Finance Holdings L.P. • KREF Capital LLC • KREF Capital TRS LLC • KREF Holdings I LLC • KREF Holdings II LLC • KREF Holdings III LLC • KREF Holdings IV LLC • KREF Holdings V LLC • KREF Holdings VI LLC • KREF Holdings VII LLC ...
KREF stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
24 Oct 22
8-K
KKR Real Estate Finance Trust Inc. Reports Third Quarter 2022 Financial Results
24 Oct 22
8-K
Entry into a Material Definitive Agreement
26 Aug 22
10-Q
2022 Q2
Quarterly report
25 Jul 22
8-K
KKR Real Estate Finance Trust Inc. Reports Second Quarter 2022 Financial Results
25 Jul 22
8-K
Entry into a Material Definitive Agreement
7 Jun 22
424B2
Prospectus for primary offering
6 Jun 22
424B2
Prospectus for primary offering
2 Jun 22
10-Q
2022 Q1
Quarterly report
25 Apr 22
8-K
KKR Real Estate Finance Trust Inc. Reports First Quarter 2022 Financial Results
25 Apr 22
Transcripts
KREF
Earnings call transcript
2022 Q3
25 Oct 22
KREF
Earnings call transcript
2022 Q2
26 Jul 22
KREF
Earnings call transcript
2022 Q1
26 Apr 22
KREF
Earnings call transcript
2021 Q4
10 Feb 22
KREF
Earnings call transcript
2021 Q3
26 Oct 21
KREF
Earnings call transcript
2021 Q2
27 Jul 21
KREF
Earnings call transcript
2021 Q1
27 Apr 21
KREF
Earnings call transcript
2020 Q4
17 Feb 21
KREF
Earnings call transcript
2020 Q3
28 Oct 20
KREF
Earnings call transcript
2020 Q2
4 Aug 20
Latest ownership filings
5
Vincent J. Napolitano
27 Jan 23
5
W Patrick Mattson
27 Jan 23
5
Christen E.J. Lee
27 Jan 23
5
Matthew A Salem
27 Jan 23
5
Kendra Decious
27 Jan 23
SC 13G/A
BlackRock Inc.
26 Jan 23
SC 13G/A
BlackRock Inc.
20 Jan 23
4
Kendra Decious
20 Dec 22
4
W Patrick Mattson
20 Dec 22
4
Vincent J. Napolitano
20 Dec 22
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 190.64 mm | 190.64 mm | 190.64 mm | 190.64 mm | 190.64 mm | 190.64 mm |
| Cash burn (monthly) | (no burn) | 9.89 mm | 14.31 mm | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 41.42 mm | 59.91 mm | n/a | n/a | n/a |
| Cash remaining | n/a | 149.22 mm | 130.72 mm | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 15.1 | 9.1 | n/a | n/a | n/a |
Institutional ownership, Q3 2022
97.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 168 |
| Opened positions | 18 |
| Closed positions | 28 |
| Increased positions | 71 |
| Reduced positions | 57 |
| 13F shares | Current |
|---|---|
| Total value | 1.16 bn |
| Total shares | 67.02 mm |
| Total puts | 11.20 k |
| Total calls | 57.00 k |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| KKR Group Partnership | 14.25 mm | $296.83 mm |
| Kohlberg Kravis Roberts & Co. | 10.00 mm | $162.50 mm |
| BLK Blackrock | 9.73 mm | $158.14 mm |
| Vanguard | 5.54 mm | $89.95 mm |
| Nan Shan Life Insurance | 3.50 mm | $56.88 mm |
| GS Goldman Sachs | 2.14 mm | $34.71 mm |
| Townsend | 1.90 mm | $36.31 mm |
| Mirae Asset Global Investments | 1.84 mm | $29.83 mm |
| JPM JPMorgan Chase & Co. | 1.60 mm | $25.97 mm |
| Allianz Asset Management GmbH | 1.29 mm | $20.89 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Oct 22 | Kendra Decious | Common Stock | Payment of exercise | Dispose F | No | No | 16.25 | 1,678 | 27.27 k | 28,322 |
| 1 Oct 22 | Salem Matthew A | Common Stock | Payment of exercise | Dispose F | No | No | 16.25 | 34,028 | 552.96 k | 361,817 |
| 1 Oct 22 | Lee Christen E.J. | Common Stock | Payment of exercise | Dispose F | No | No | 16.25 | 35,263 | 573.02 k | 263,281.07 |
| 1 Oct 22 | Mattson W Patrick | Common Stock | Payment of exercise | Dispose F | No | No | 16.25 | 25,358 | 412.07 k | 237,651 |
| 1 Oct 22 | Vincent J. Napolitano | Common Stock | Payment of exercise | Dispose F | No | No | 16.25 | 1,612 | 26.20 k | 18,305 |
News
JMP Securities Maintains Market Outperform on KKR Real Estate Finance, Lowers Price Target to $18
1 Feb 23
Stocks That Hit 52-Week Lows On Friday
30 Dec 22
Stocks That Hit 52-Week Lows On Thursday
29 Dec 22
Stocks That Hit 52-Week Lows On Friday
16 Dec 22
Stocks That Hit 52-Week Lows On Friday
9 Dec 22
Press releases
KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend
3 Feb 23
KKR Real Estate Finance Trust Inc. Tax Treatment of 2022 Dividends
31 Jan 23
KKR Real Estate Finance Trust Inc. to Announce Fourth Quarter 2022 Results
12 Jan 23
KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.43 Per Share of Common Stock
13 Dec 22