| Market Capitalization (Millions $) |
476 |
| Shares
Outstanding (Millions) |
62 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-189 |
| Cash Flow (TTM) (Millions $) |
27 |
| Capital Exp. (TTM) (Millions $) |
10 |
Business Description
KKR Real Estate Finance Trust Inc (KREF) is a real estate finance company that provides customized lending solutions to its clients. The company is a publicly traded real estate investment trust (REIT) that operates primarily in the United States. It was founded in 2014 and is headquartered in New York City.
KREF focuses on commercial real estate debt investments, which include originating and acquiring senior mortgage loans, mezzanine loans and preferred equity investments. Senior mortgage loans are the most senior debt portion of a commercial real estate loan, while mezzanine loans are subordinate debt position with higher returns and higher risk. Preferred equity investments are a hybrid of equity and debt positions that provide a yield and the opportunity for upside potential.
The company's loan portfolio is diversified across multiple property types, including office, retail, industrial, multifamily, and hospitality. KREFes target customers are typically institutional borrowers, such as real estate private equity firms, REITs, and real estate operating companies.
KREFes strategy is focused on managing risk by investing in high-quality loans to high-quality borrowers. The company underwrites loan opportunities with a disciplined approach to product, property, sponsorship, and structure. KREF benefits from the expertise, scale, and reputation of its parent company, KKR, which is a leading global investment firm with over $230 billion in assets under management.
KREF generates income primarily from the interest income earned on its debt investments. In addition, the company earns income from origination fees, commitment fees, and other loan fees.
As of December 31, 2020, KREF had a loan portfolio with a total principal balance of $6.4 billion with an average loan size of $40 million. The companyes portfolio had a weighted average risk rating of2 out of0, which indicates that KREFes portfolio is of high quality with a low default risk.
In summary, KKR Real Estate Finance Trust Inc is a specialized real estate finance company that provides customized lending solutions to institutional borrowers. The companyes focus on high-quality loans to high-quality borrowers reduces risk and generates income from interest and fees. KREF benefits from the expertise and reputation of its parent company, KKR.
Company Address: 30 Hudson Yards, New York, 10001 NY
Company Phone Number: 750-8300 Stock Exchange / Ticker: NYSE KREF
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