kkr real estate finance trust inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring senior loans secured by commercial real estate (cre) assets. the company engages in the origination and purchase of credit investments related to cre, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. it has elected to be taxed as a real estate investment trust and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. the company was founded in 2014 and is headquartered in new york, new york.
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
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
8 Mar 24
DEFA14A
Additional proxy soliciting materials
8 Mar 24
DEF 14A
Definitive proxy
8 Mar 24
10-K
2023 FY
Annual report
6 Feb 24
8-K
KKR Real Estate Finance Trust Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
6 Feb 24
10-Q
2023 Q3
Quarterly report
23 Oct 23
8-K
KKR Real Estate Finance Trust Inc. Reports Third Quarter 2023 Financial Results
23 Oct 23
10-Q
2023 Q2
Quarterly report
24 Jul 23
8-K
KKR Real Estate Finance Trust Inc. Reports Second Quarter 2023 Financial Results
24 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
27 Apr 23
Transcripts
KREF
Earnings call transcript
2023 Q4
7 Feb 24
KREF
Earnings call transcript
2023 Q3
24 Oct 23
KREF
Earnings call transcript
2023 Q2
25 Jul 23
KREF
Earnings call transcript
2023 Q1
25 Apr 23
KREF
Earnings call transcript
2022 Q4
8 Feb 23
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
Latest ownership filings
SC 13G/A
Nan Shan Life Insurance Co., Ltd.
14 Feb 24
SC 13G/A
VANGUARD GROUP INC
13 Feb 24
4
Christen E.J. Lee
9 Feb 24
4
W Patrick Mattson
9 Feb 24
4
Matthew A Salem
9 Feb 24
SC 13G/A
BlackRock Inc.
22 Jan 24
4
Christen E.J. Lee
20 Dec 23
4
Matthew A Salem
20 Dec 23
4
Vincent J. Napolitano
20 Dec 23
4
W Patrick Mattson
20 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Revenue | |||||
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Operating income | |||||
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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) | 121.63 mm | 121.63 mm | 121.63 mm | 121.63 mm | 121.63 mm | 121.63 mm |
Cash burn (monthly) | 33.76 mm | 5.75 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 201.83 mm | 34.38 mm | n/a | n/a | n/a | n/a |
Cash remaining | -80.21 mm | 87.25 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | -2.4 | 15.2 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
88.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 158 |
Opened positions | 12 |
Closed positions | 11 |
Increased positions | 59 |
Reduced positions | 58 |
13F shares | Current |
---|---|
Total value | 580.00 bn |
Total shares | 61.57 mm |
Total puts | 92.70 k |
Total calls | 39.10 k |
Total put/call ratio | 2.4 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 10.11 mm | $120.06 bn |
Kohlberg Kravis Roberts & Co. | 10.00 mm | $118.70 bn |
KKR Group Partnership | 10.00 mm | $0.00 |
Vanguard | 5.77 mm | $68.46 bn |
Nan Shan Life Insurance | 3.36 mm | $39.92 bn |
STT State Street | 2.28 mm | $28.09 bn |
Mirae Asset Global Investments | 2.08 mm | $24.66 bn |
Townsend | 1.90 mm | $36.31 mm |
Geode Capital Management | 1.24 mm | $14.73 bn |
Balyasny Asset Management | 1.11 mm | $13.17 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Feb 24 | Mattson W Patrick | Common Stock | Buy | Acquire P | No | No | 9.72 | 10,000 | 97.20 k | 308,446 |
8 Feb 24 | Salem Matthew A | Common Stock | Buy | Acquire P | No | No | 9.7244 | 26,000 | 252.83 k | 460,309 |
8 Feb 24 | Lee Christen E.J. | Common Stock | Gift | Dispose G | No | No | 0 | 3,664 | 0.00 | 251,317.07 |
8 Feb 24 | Lee Christen E.J. | Common Stock | Gift | Dispose G | No | No | 0 | 2,646 | 0.00 | 254,981.07 |
18 Dec 23 | Lee Christen E.J. | Common Stock | Grant | Acquire A | No | No | 0 | 25,000 | 0.00 | 257,627.07 |
18 Dec 23 | Salem Matthew A | Common Stock | Grant | Acquire A | No | No | 0 | 76,250 | 0.00 | 434,309 |
News
JP Morgan Maintains Overweight on KKR Real Estate Finance, Lowers Price Target to $11.5
8 Feb 24
Wells Fargo Maintains Overweight on KKR Real Estate Finance, Lowers Price Target to $10.5
8 Feb 24
Why Container Store Group Shares Are Trading Lower By Around 23%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
7 Feb 24
JMP Securities Maintains Market Outperform on KKR Real Estate Finance, Lowers Price Target to $13
7 Feb 24
Snap Reports Weak Revenue, Joins ePlus, Cognizant And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
7 Feb 24
Press releases
KKR Real Estate Finance Trust Inc. Reports Fourth Quarter and Full Year 2023 Results
6 Feb 24
KKR Real Estate Finance Trust Inc. Declares Preferred Stock Dividend
1 Feb 24
KKR Real Estate Finance Trust Inc. Tax Treatment of 2023 Dividends
31 Jan 24
KKR Real Estate Finance Trust Inc. to Announce Fourth Quarter 2023 Results
19 Jan 24