KKR Real Estate Finance Trust Inc reports results for the quarter ended September 30 - Earnings Summary

• KKR Real Estate Finance Trust Inc KREF.N reported a quarterly adjusted loss of $2.64​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of six analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 6 cents to 10 cents per share.

• Revenue fell 42.5% to $14.58 million from a year ago; analysts expected $18.15 million.

• KKR Real Estate Finance Trust Inc's reported EPS for the quarter was a loss of 11 cents​.

• The company reported a quarterly loss of $6.42 million.

• KKR Real Estate Finance Trust Inc shares had fallen by 9.3% this quarter and lost 31.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.9% 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 "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for KKR Real Estate Finance Trust Inc is $7.00, about 19.6% above its last closing price of $5.63

This summary was machine generated from LSEG data October 29 at 06:14 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)