KKR Real Estate Finance Trust Results Presentation Deck
1Q'20 Equity Activity
$19.52
Book Value
at 4Q'19
7
$0.40
Net Income,
excl. CECL and
RECOP I MTM (1)(2)
($0.43)
1Q'20
Dividend
Changes in Book Value per Share
$0.19
Share
Buybacks (3)
$(0.05)
RECOP I
Unrealized
MTM (1)
(1) Collectively, represents ($0.61) net loss per common share attributable to common stockholders.
(2) Includes $2.8 million, or $0.05 per common share, non-recurring exit fee income in 1Q'20.
(3) Repurchased 1.6 million shares at an average price per share of $11.64 for a total of $19.2 million.
$0.04
Accretion to
APIC due to
RSU
Amortization
Cumulative provision for credit losses of ($70.3)
million or ($1.22) per diluted share during 1Q'20,
inclusive of ($4.3) million or ($0.07) per diluted
share allowance for unfunded loan commitments
$19.67
Subtotal Pre-
CECL impact
($0.26)
CECL Day-One
Adjustment
($0.96)
1Q'20 CECL
Provision (1)
(4) Book value per share includes the YTD impact of ($0.4) million, or ($0.01) per common share, non-cash redemption value adjustment to our redeemable SNVPS, resulting in
a cumulative (since issuance of the SNVPS) decrease of $2.1 million to our book value as of March 31, 2020.
$18.45
Book Value
at 10'20 (4)
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation