Business Context and Reporting Period
Company: KKR Real Estate Finance Trust Inc. (KREF)
Filing Type: Form 8-K (Current Report)
Date of Report: April 24, 2023
Reporting Period: Quarter ended March 31, 2023
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 for the quarter ended March 31, 2023. 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.
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 information and are subject to risks and uncertainties.
- Risk Factors: The filing references the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, for a detailed discussion of factors affecting the Company and risks associated with forward-looking statements.
- Legal Disclaimer: Information furnished in Item 2.02 and the associated exhibits is not deemed "filed" under Section 18 of the Exchange Act and is not subject to the liabilities of that section unless specifically incorporated by reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Earnings Release) for specific Q1 2023 financial results, including net income, FFO, and balance sheet metrics.
- Review Exhibit 99.2 (Supplemental Financial Information) for detailed portfolio performance and liquidity data.
- Consult the Form 10-K for the year ended December 31, 2022 for comprehensive risk factors and historical context.
- Verify the status of the 6.50% Series A Cumulative Redeemable Preferred Stock (KREF PRA) in the context of the reported results.