NYSE$KREF
KKR Real Estate Finance Trust Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported financial results for the quarter and full year ended December 31, 2021.
KKR Real Estate Finance Trust Inc. reported net income attributable to common stockholders of $35.2 million, or $0.59 per diluted share, for the three months ended December 31, 2021. Distributable Earnings were ($2.9) million, or ($0.05) per diluted share for the same period.
- Originated and funded $1.8 billion and $1.5 billion, respectively, relating to 18 floating-rate loans.
- Completed an accretive underwritten public offering of 5,547,361 common shares at $21.76 per share, resulting in $120.4 million of net proceeds.
- Completed repricing of $297.8 million existing secured term loan and a $52.2 million add-on, for an aggregate principal amount of $350.0 million due September 2027.
- Common book value increased to $1,188.9 million, or $19.37 per common share, as of December 31, 2021, representing seven consecutive quarters of book value accretion.
Headline financials
Revenue & EPS history
KKR · Revenue · Quarterly
$42.4M
Forward guidance
KREF had a strong 2021 with record originations of $4.8 billion and a 35% increase in the funded portfolio to $6.8 billion. The KREF brand continues to drive robust capital markets activity.
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 2021
-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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