KREF Earnings Prediction
The chart below shows how KREF performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KREF sees a +0.42% change in stock price 10 days leading up to the earnings, and a -0.65% change 10 days following the report. On the earnings day itself, the stock moves by -0.58%. This data can give you a slight idea of what to expect for the next quarter's release.
KREF Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
128.37M
-23.78%
-14.43%
Gross Margin
--
--
--
Operating Margin
15.35%
288.81%
-411.36%
Net Margin
15.23%
295.51%
-411.45%
EPS
0.21
177.78%
-210.53%
No Data Available
KREF Earnings Analysis
KKR Real Estate Finance Trust Inc Corporation (KREF.N) Earnings Conference Call
Positive
Q4 2024 Financial Performance: GAAP net income for Q4 2024 was $14.6 million, translating to $0.21 per share, indicating a solid financial performance.
Dividend Yield and Shareholder Returns: The company reported a dividend of $0.25 per share, yielding 10% based on the closing price, showcasing strong shareholder returns.
Quarterly Repayments Performance: Fourth quarter repayments exceeded $450 million, contributing to a full-year total of $1.5 billion, which is approximately 19% of the portfolio, reflecting effective asset management.
Watchlist Percentage Decline: The watchlist percentage decreased from 13% in Q4 2023 to 8% in Q4 2024, indicating improved portfolio quality and risk management.
Stock Repurchase Commitment: In Q4, KREF repurchased $10 million of its stock at an average price of $11.64, demonstrating commitment to enhancing shareholder value.
Negative
Distributable Loss Reported: Distributable loss of $14.7 million or negative $0.21 per share reported for Q4 2024, indicating a significant decline in profitability compared to previous quarters.
Flat Book Value: Book value remained flat at $14.76 per share, showing no growth and potential stagnation in shareholder value.
CECL Reserve Decrease: Total CECL reserve decreased to $120 million, indicating ongoing credit risk concerns with 92% of the portfolio still rated 3% or worse.
Negative Distributable Earnings: Fourth quarter distributable earnings were negative $0.21 per share, reflecting challenges in generating positive cash flow from operations.
High Leverage Risks: Debt-to-equity ratio stood at 1.6 times, suggesting a high level of leverage that may pose risks in a volatile market.
KREF FAQs
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KREF Earning Call Sentiment
KKR Real Estate Finance Trust Inc. (NYSE:KREF) Q4 2024 Earnings Call Transcript
KREF.N
-2.11%Positive
The earnings call presented a mixed outlook. While the company showed strong liquidity and a decrease in watchlist loans, the negative distributable earnings and ongoing portfolio risks are concerning. The Q&A highlights cautious optimism in multifamily and office sectors, but unclear responses on key issues like asset resolution create uncertainty. The dividend yield and share repurchase program are positives, but not enough to offset broader concerns. Overall, the sentiment is neutral due to balanced positives and negatives, with no new partnerships or strong guidance to sway sentiment significantly.