Kkr Real Estate Stock Price, News & Analysis

KKR Real Estate Finance Trust Inc. (KREF) has announced the pricing of a public offering of 4,400,000 shares of its 6.50% Series A Cumulative Redeemable Preferred Stock at $25.00 per share. The offering will raise approximately $110,000,000 in gross proceeds and is set to close on January 13, 2022. KREF intends to utilize the funds for asset acquisitions and general corporate purposes. The offering includes an option for underwriters to purchase an additional 660,000 shares. The Preferred Stock is available on the NYSE under the symbol KREF PRA.

KKR Real Estate Finance Trust Inc. (KREF) has announced a public offering of additional shares of its 6.50% Series A Cumulative Redeemable Preferred Stock, priced at $25.00 per share. This offering will reopen KREF's previous issuance of 6,900,000 shares, making the new shares fully fungible with existing ones. The proceeds will be used to acquire target assets in line with KREF's investment strategies and for general corporate purposes. The Preferred Stock is traded on the NYSE under the ticker symbol KREF PRA.

KKR Real Estate Finance Trust Inc. (NYSE: KREF) announced record fourth quarter 2021 results, closing 18 floating-rate loans totaling approximately $1.8 billion. This brings annual originations for 2021 to 37 loans with commitments of about $4.8 billion. The funded loan portfolio at year-end stood at approximately $6.7 billion. Key highlights include a successful public offering and a reduction in loan costs by 175 bps through repricing. KREF is well-positioned for growth in 2022.

KKR Real Estate Finance Trust Inc. (KREF) has appointed Kendra Decious as its new Chief Financial Officer and Treasurer, effective March 2, 2022. She replaces Mostafa Nagaty, who will support the transition until March 1, 2022. Decious brings over 15 years of experience from KKR, where she has held various leadership roles, including Head of Strategic Planning and Budgeting. CEO Matt Salem expressed confidence in Decious's ability to drive business growth, while thanking Nagaty for his contributions since 2018.

Urban Renaissance Group has partnered with KKR Real Estate Finance Trust Inc. (KREF) to revitalize the Lloyd Center in Portland. This initiative continues to honor its 1960 traditions while engaging local community feedback for future investments. URG, known for significant projects like the $28 million renovation of the former Oregonian headquarters, aims to enhance the property’s status as a community hub. The Lloyd Center currently operates with around 100 businesses and remains a popular destination for shopping and recreational activities.

KKR Real Estate Finance Trust Inc. (NYSE: KREF) has declared a $0.43 dividend per common share for the fourth quarter of 2021. This dividend will be payable on January 14, 2022 to stockholders of record as of December 31, 2021. KREF focuses on originating and acquiring senior loans secured by commercial real estate properties and is externally managed by an affiliate of KKR & Co. Inc.

KKR Real Estate Finance Trust Inc. (KREF) has successfully closed a repricing of its existing Term Loan B, totaling $298 million, and an additional $52 million, resulting in a new Term Loan B of $350 million due in 2027. This new loan carries an interest rate of LIBOR plus 350 basis points, a reduction of 125 basis points from the previous loan. KREF aims to use the net proceeds for general corporate purposes, effectively lowering its cost of capital by 175 bps, as stated by President Patrick Mattson.

KKR Real Estate Finance Trust Inc. (KREF) has priced a public offering of 5,000,000 shares of its common stock, with total gross proceeds estimated at $110 million, potentially rising to $126.5 million if underwriters exercise their option for an additional 750,000 shares. The offering is set to close on November 1, 2021 and proceeds will be used to acquire assets and for general corporate purposes. Major banks like Morgan Stanley and Wells Fargo are acting as joint book-running managers.

KKR Real Estate Finance Trust Inc. (NYSE:KREF) announced its agreement to issue and sell 5 million shares of common stock, with an additional option of 750,000 shares for underwriters. The net proceeds will be used for asset acquisitions aligned with its investment strategies and general corporate purposes. The offering is managed by leading financial firms, including Morgan Stanley and Goldman Sachs. Registration statements are effective with the SEC. This release doesn't constitute a sale offer in jurisdictions where it's unlawful.