NYSE$KREF
KKR Real Estate Finance Trust Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported a net loss due to additional reserves for two 5-risk rated office loans and heightened market volatility.
KKR Real Estate Finance Trust Inc. reported a net loss attributable to common stockholders of ($30.8) million, or ($0.45) per diluted share, and Distributable Earnings of $33.1 million, or $0.48 per diluted share, for the quarter ended March 31, 2023. The company's liquidity position was $892.2 million, and the loan portfolio stood at $7.9 billion with 100% floating rate and a weighted average all-in yield of 8.5%.
- Net loss attributable to common stockholders was ($30.8) million, or ($0.45) per diluted share.
- Distributable Earnings were $33.1 million, or $0.48 per diluted share.
- Liquidity position of $892.2 million, including $254.1 million in cash.
- Loan portfolio of $7.9 billion with 100% floating rate and a weighted average all-in yield of 8.5%.
Headline financials
Revenue & EPS history
KKR · Revenue · Quarterly
$46.6M
Forward guidance
The release contains forward-looking statements regarding the company's future operations and financial performance, subject to risks and uncertainties including economic conditions, interest rate changes, and real estate market developments.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-0.6%
Avg return
Earnings day
-0.5%
Avg return
5 days after
-1.3%
Avg return
30 days after
29%
12 / 41 earnings
Positive
+15.3%
Q1 2020
Best reaction
-14.0%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -9.1% | -6.7% | -3.7% | |
| Q4 2025 | -3.7% | -11.7% | -12.2% | |
| Q3 2025 | -1.3% | +0.7% | -3.9% | |
| Q2 2025 | -0.5% | +0.5% | +3.3% | |
| Q1 2025 | -3.7% | -1.1% | -3.3% | |
| Q4 2024 | +9.7% | +10.6% | +6.3% | |
| Q3 2024 | -3.1% | -2.9% | -4.8% | |
| Q2 2024 | +14.3% | +13.0% | +11.3% | |
| Q1 2024 | -0.7% | -2.3% | -2.8% | |
| Q4 2023 | -14.0% | -19.3% | -16.0% | |
| Q3 2023 | -1.0% | -0.3% | +16.3% | |
| Q2 2023 | -3.1% | -1.5% | -9.6% | |
| Q1 2023 | -8.7% | -5.5% | -1.4% | |
| Q4 2022 | -4.6% | -4.6% | -18.0% | |
| Q3 2022 | -1.8% | +5.3% | -2.2% | |
| Q2 2022 | -0.2% | +3.5% | +3.2% | |
| Q1 2022 | -2.7% | -4.6% | +0.4% | |
| Q4 2021 | +0.0% | -1.1% | -6.3% | |
| Q3 2021 | +2.2% | -2.6% | -3.3% | |
| Q2 2021 | -0.2% | +0.6% | -1.0% | |
| Q1 2021 | +2.5% | +7.4% | +7.4% | |
| Q4 2020 | -1.4% | -0.8% | +1.6% | |
| Q3 2020 | +0.2% | -0.4% | +9.7% | |
| Q2 2020 | +0.8% | +4.5% | +9.5% | |
| Q1 2020 | +15.3% | +9.9% | +13.7% | |
| Q4 2019 | +0.5% | +0.4% | -53.6% | |
| Q3 2019 | -0.6% | -2.1% | +0.1% | |
| Q2 2019 | -0.8% | -2.2% | -5.6% | |
| Q1 2019 | +0.4% | +0.9% | -1.9% | |
| Q4 2018 | -0.3% | -0.5% | +0.3% | |
| Q3 2018 | +0.7% | +3.5% | -1.9% | |
| Q2 2018 | +0.3% | -3.2% | +1.8% | |
| Q1 2018 | +1.1% | +2.8% | +2.1% | |
| Q4 2017 | -1.8% | -0.1% | +1.6% | |
| Q4 2015 | -1.8% | -0.1% | +1.6% | |
| Q3 2016 | -1.8% | -1.6% | +3.5% | |
| Q3 2017 | -1.8% | -1.6% | +3.5% | |
| Q2 2017 | -2.3% | -0.6% | +3.1% | |
| Q2 2016 | -2.3% | -0.6% | +3.1% | |
| Q4 2016 | -0.4% | -2.2% | -2.4% | |
| Q1 2017 | -0.4% | -2.2% | -2.4% | |
| Q1 2016 | — | — | — |
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