Business Context and Reporting Period
Company: KKR Real Estate Finance Trust Inc. (KREF)
Filing Type: Form 8-K (Current Report)
Date of Report: April 23, 2024
Reporting Period: Quarter ended March 31, 2024
Business Overview: The Company is a real estate finance trust incorporated in Maryland, with principal executive offices in New York. It trades on the New York Stock Exchange under the symbols KREF (Common Stock) and KREF PRA (Preferred Stock).
Key Financial Metrics
This Form 8-K serves as a notification of the issuance of an earnings release and supplemental financial information. The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the referenced exhibits (Exhibit 99.1 and Exhibit 99.2) which are incorporated by reference but not detailed in the body of this report.
Material Changes
The filing does not explicitly detail material changes versus the prior comparable period within the text provided. It directs investors to the attached earnings release for a comparison of financial results for the quarter ended March 31, 2024.
Guidance, Outlook, and Risks
- Forward-Looking Statements: The report contains forward-looking statements regarding expectations, beliefs, projections, and future strategies. These are based on current assumptions and are subject to change due to various factors.
- Risk Disclosure: The Company notes that factors affecting forward-looking statements are detailed in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and subsequent periodic filings.
- Legal Status of Information: Information in Item 2.02 and the associated exhibits is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, limiting liability exposure for these specific statements unless specifically incorporated by reference into other documents.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Release) for specific Q1 2024 financial results, including FFO, net income, and portfolio metrics.
- Review Exhibit 99.2 (Supplemental Financial Information) for detailed liquidity, debt maturity, and leverage ratios.
- Consult the Form 10-K for the year ended December 31, 2023 for a comprehensive list of risk factors affecting the Company's outlook.
- Verify the status of the 6.50% Series A Cumulative Redeemable Preferred Stock (KREF PRA) regarding dividend declarations or redemption terms in the full earnings release.