While the top- and bottom-line numbers for KKR Real Estate (KREF) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.47 per share a year ago.
KKR Real Estate (KREF) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
SPOT, NEM, and KREF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on July 30, 2024.
KKR Real Estate (KREF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
KKR Real Estate Finance Trust Inc. (NYSE:KREF ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Jack Switala - Investor Relations Matt Salem - Chief Executive Officer Patrick Mattson - President & Chief Operating Officer Conference Call Participants Stephen Laws - Raymond James Rick Shane - JPMorgan Don Fandetti - Wells Fargo Jade Rahmani - KBW Steve Delaney - JMP Securities Tom Catherwood - BTIG Operator Good morning, and welcome to the KKR Real Estate Finance Trust Incorporated Second Quarter 2024 Financial Results Conference Call. All participants will be in listen-only mode.
KKR Real Estate Finance (KREF) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.48 per share a year ago.
Commercial real estate has suffered in recent years due to rising interest rates. KKR Real Estate Finance Trust is a CRE REIT that lends money to commercial property owners. KREF's preferred shares offer an attractive yield of 8.7% and represent a bet on the company's ability to stay solvent.