KKR Real Estate Finance Trust Inc.

Frequently Asked Questions About KREF

What does KREF invest in?

KKR Real Estate Finance Trust Inc. (KREF) operates as a mortgage real estate investment trust (REIT), primarily focused on originating and acquiring first-lien debt secured by commercial properties. Its investment strategy includes a range of commercial real estate credit products, such as both leveraged and unleveraged commercial mortgage loans, as well as commercial mortgage-backed securities (CMBS). As an elected REIT, the company is exempt from federal corporate income tax, provided it distributes a minimum of 90% of its taxable income to its shareholders. KREF was established in 2014 and maintains its corporate headquarters in New York, New York.

What is the expense ratio of KREF?

An expense ratio for KKR Real Estate Finance Trust Inc. (KREF) is not available from our data sources — neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

How big is KREF?

KKR Real Estate Finance Trust Inc. (KREF) manages $476.5M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is KREF actively managed or an index fund?

KREF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was KREF launched?

KKR Real Estate Finance Trust Inc. (KREF) launched in May 2017 and is managed by the fund issuer.

How has KREF performed?

KREF's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.