NYSE$KREF

KKR Real Estate Finance Trust Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial results for the second quarter of 2024.

KKR Real Estate Finance Trust Inc. reported a net income attributable to common stockholders of $20.2 million, or $0.29 per diluted share. The company's liquidity position was $643.9 million, and it received $384.5 million in loan repayments. The current loan portfolio stands at $6.6 billion, with multifamily and industrial assets representing 60%.

  • Reported net income attributable to common stockholders of $20.2 million, or $0.29 per diluted share of common stock.
  • Liquidity position of $643.9 million, including $107.2 million of cash.
  • Received $384.5 million in loan repayments and funded $121.5 million in loan principal.
  • Current loan portfolio of $6.6 billion, with 99% floating rate and a weighted average unlevered all-in yield of 8.9%.

Headline financials

Total Revenue

$40.4M

Previous: $44M-8.0%
EPS

$0.29

Previous: $0.48-39.6%
Capital Expenditures

-$363K

No prior period
Free Cash Flow

$25.5M

Previous: -$20M+227.2%
Net Income

$25.8M

Previous: -$20M+229.0%
Operating Income

-$22.3M

Previous: -$148M+84.9%
Gross Profit

$18.4M

Previous: -$26.9M+168.3%
Stock-Based Comp

$2.23M

Previous: $2.17M+2.4%

Revenue & EPS history

KKR · Revenue · Quarterly

$40.4M

Q2 2024-8%vs Q2 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

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 Q2 2024

Historical avgQ2 2024

-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

Earnings price reactions
QuarterReport dateReaction (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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