KKR Real Estate Finance Trust Inc

Chart & Performance

D1W1MN

Profile

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. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial mortgage loans, and commercial mortgage-backed securities. The company 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. KKR Real Estate Finance Trust Inc. was incorporated in 2014 and is headquartered in New York, New York.

URL

https://www.kkrreit.com/

IPO date

May 05, 2017

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	181,610 3.94%	174,732 15.00%	151,945 20.95%
Cost of revenue	29,978	28,729	43,886
Unusual Expense (Income)
NOPBT	151,632	146,003	108,059
NOPBT Margin	83.49%	83.56%	71.12%
Operating Taxes	710	58	684
Tax Rate	0.47%	0.04%	0.63%
NOPAT	150,922	145,945	107,375
Net income	(30,851) -180.97%	38,103 -72.22%	137,183 152.19%
Dividends	(140,158)	(136,906)	(103,946)
Dividend yield	15.31%	14.52%	8.79%
Proceeds from repurchase of equity	(1,979)	305,566	281,549
BB yield	0.22%	-32.40%	-23.80%
Debt
Debt current		143,237	141,851
Long-term debt	6,060,052	6,164,479	5,295,038
Deferred revenue		6,230,885	5,341,658
Other long-term liabilities		(6,136,244)	(5,294,969)
Net debt	5,889,078	6,031,076	5,129,865
Cash flow
Cash from operating activities	155,715	141,125	124,793
CAPEX
Cash from investing activities	13,487	(1,177,133)	(1,540,836)
Cash from financing activities	(271,510)	1,012,859	1,578,981
FCF	150,922	145,945	126,804
Balance
Cash	135,898	239,791	271,487
Long term investments	35,076	36,849	35,537
Excess cash	161,894	267,903	299,427
Stockholders' equity	(314,131)	(140,783)	(37,379)
Invested Capital	7,803,467	14,289,122	6,915,010
ROIC	1.37%	1.38%	1.80%
ROCE	2.02%	1.84%	1.58%
EV
Common stock shares outstanding	69,180	67,554	56,783
Price	13.23 -5.23%	13.96 -32.98%	20.83 16.24%
Market cap	915,252 -2.95%	943,048 -20.27%	1,182,798 17.74%
EV	6,803,876	6,974,153	6,312,879
EBITDA	177,814	169,861	123,790
EV/EBITDA	38.26	41.06	51.00
Interest	458,802	236,095	114,439
Interest/NOPBT	302.58%	161.71%	105.90%