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

KKR Real Estate Finance Trust

23/04/2024 22:52

* KKR Real Estate Finance Trust Inc  KREF.N  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in March, 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 earnings of 34 cents per
share. Wall Street expected results to range from 15 cents to 54
cents per share.
    * Revenue fell 15.9% to $39.14 million from a year ago;
analysts
expected $43.68 million. 
    * KKR Real Estate Finance Trust Inc's reported EPS for the
quarter
was a loss of 13 cents​.
    * The company reported a quarterly loss of $8.74 million.
    * KKR Real Estate Finance Trust Inc shares had fallen
by 2.1% this
quarter and lost 25.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $10.50 
This summary was machine generated from LSEG data April 23 at
09:52 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
 Mar. 31 2024      0.34           0.39           Beat
 Dec. 31 2023      0.11           -0.37          Missed
 Sep. 30 2023      0.22           0.25           Beat
 Jun. 30 2023      0.26           0.48           Beat