KKR Real Estate Finance Trust Inc (NYSE:KREF)
$ 10.57 0.01 (0.09%) Market Cap: 734.69 Mil Enterprise Value: 5.97 Bil PE Ratio: 0 PB Ratio: 0.54 GF Score: 66/100

KKR Real Estate Finance Trust Inc at NAREIT REITweek: Investor Conference Transcript

Jun 07, 2023 / 06:45PM GMT
Release Date Price: $12.26 (+1.41%)
Stephen Laws
Raymond James Financial, Inc. - Analyst

Hi. Thank you, everyone, for joining us today. I'm Stephen Laws, analyst with Raymond James. I cover KKR Real Estate Finance and other commercial mortgage rates. We're joined today by KREF President and CEO -- sorry, COO, Patrick Mattson. Patrick, thanks for being here today.

Maybe to start, can you give a quick background on KREF. And then spend a few minutes talking about the transitional CRE lending market, which is your focus, and where you guys provide value in the real estate life cycle? Thank you.

Patrick Mattson
KKR Real Estate Finance Trust Inc. - President & COO

Certainly. Well, great to see everyone. And Stephen, great to join you here. So thanks very much. So KREF participates in the large loan transitional space, light transitional space. By large loan, for us, that means typically $50 million to $250 million in size. We've done deals that are bigger than that, that we've split with other parts of KKR, but that's our sweet spot.

And on the light transition, for us, that

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