NYSE$KREF

KKR Real Estate Finance Trust Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported financial results for the fourth quarter and full year ended December 31, 2019.

KKR Real Estate Finance Trust Inc. reported net income attributable to common stockholders of $24.8 million, or $0.43 per diluted share, and Net Core Earnings of $25.5 million, or $0.44 per diluted share, for the quarter ended December 31, 2019. The company committed and initially funded $764.1 million and $527.0 million, respectively, to six new floating-rate senior loans.

  • Committed and initially funded $764.1 million and $527.0 million, respectively, to six new floating-rate senior loans.
  • Received approximately $765.4 million from the repayment of loans.
  • Current portfolio of $5.1 billion is 100% performing with a weighted average risk rating of 2.9, and 99% floating-rate with a weighted average loan-to-value ratio of 66% as of December 31, 2019.
  • Book value was $1,122.0 million or $19.52 per share as of December 31, 2019.

Headline financials

Total Revenue

$31.1M

Previous: $27.4M+13.3%
EPS (adj)

$0.44

Previous: $0.38+15.8%
Net Income

$24.5M

Previous: $21.4M+14.4%
Operating Income

$24.7M

No prior period
Cash & Equivalents

$67.6M

Previous: $86.5M-21.9%
Total Assets

$5.06B

Previous: $5.23B-3.3%
Stock-Based Comp

$1.02M

Previous: $783K+29.8%

Revenue & EPS history

KKR · Revenue · Quarterly

$31.1M

Q4 2019+13.3%vs Q4 2018
Beat estimate in 3 of 15 quarters(20%)
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 Q4 2019

Historical avgQ4 2019

-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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