Business Context and Reporting Period
Company: KKR Real Estate Finance Trust Inc. (KREF)
Filing Type: Form 8-K (Current Report)
Date of Report: August 3, 2020
Reporting Period: Second Quarter ended June 30, 2020
Business Overview: The Company is a real estate finance trust focused on providing capital to real estate owners and developers. This filing announces the issuance of an earnings release and supplemental financial information for the quarter ended June 30, 2020.
Key Financial Metrics
The provided text serves as a cover document referencing the actual financial data contained in attached exhibits. Consequently, specific numerical values for the following metrics are not present in this filing text:
- Revenue: Not provided in text (referenced in Exhibit 99.1).
- Profit: Not provided in text (referenced in Exhibit 99.1).
- Cash Flow: Not provided in text (referenced in Exhibit 99.2).
- Margins: Not provided in text.
- Debt and Liquidity: Not provided in text (referenced in Exhibit 99.2).
Note: The filing explicitly states that the earnings release (Exhibit 99.1) and supplemental financial information (Exhibit 99.2) contain the detailed results.
Material Changes
The filing text does not contain specific comparative data or descriptions of material changes versus the prior comparable period. Investors must refer to the referenced exhibits for year-over-year or quarter-over-quarter analysis.
Guidance, Outlook, and Risks
Forward-Looking Statements: The report includes standard disclaimers regarding forward-looking statements. These statements relate to expectations, beliefs, projections, and future strategies based on current information. The Company notes that these assumptions can change due to various factors, many of which are outside its control.
Legal Status of Information: The information in Item 2.02 and the associated exhibits is being "furnished" and is not deemed "filed" for purposes of Section 18 of the Exchange Act. It is not subject to the liabilities of that section unless specifically incorporated by reference into other documents.
Risk Factors: Specific risks are not detailed in this text but are referenced as being available in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and subsequent periodic filings.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Release) for specific revenue, net income, and FFO figures for Q2 2020.
- Review Exhibit 99.2 (Supplemental Financial Information) for detailed liquidity, debt maturity, and portfolio metrics.
- Verify the Company's status as an Emerging Growth Company (indicated as "Yes" in the filing) and its election regarding extended transition periods for accounting standards.
- Consult the most recent Form 10-K and periodic filings for updated risk factors affecting forward-looking statements.
- Confirm the trading symbol KREF on the New York Stock Exchange.