KKR Real Estate Finance Trust Inc reports results for the quarter ended in June - Earnings Summary

KKR Real Estate Finance Trust

22/07/2024 22:40

* KKR Real Estate Finance Trust Inc  KREF.N  reported a
quarterly
adjusted loss of $1.57​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of 48 cents.  The mean expectation of six analysts
for the quarter was for a loss of $1.67 per share. Wall Street
expected results to range from $-1.72 to $-1.58 per share.
    * Revenue fell 8% to $40.43 million from a year ago;
analysts
expected $36.82 million. 
    * KKR Real Estate Finance Trust Inc's reported EPS for the
quarter
was 29 cents​.
    * The company reported quarterly net income of $20.22
million.
    * KKR Real Estate Finance Trust Inc shares had risen
by 11.7% this
quarter and lost 23.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1,903.6% in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for KKR Real Estate
Finance Trust Inc is $11.50 
This summary was machine generated from LSEG data July 22 at
09:40 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       -1.67          -1.57          Beat
 Mar. 31 2024      0.34           0.39           Beat
 Dec. 31 2023      0.11           -0.37          Missed
 Sep. 30 2023      0.22           0.25           Beat