imaginima/iStock via Getty Images In our previous coverage of KKR Real Estate Finance Trust Inc. (NYSE:KREF), we identified possible reasons why you might not want to chase the stock: the share price has fallen and the big yield has failed to lift the total return into positive territory, with the total return trailing the broader S&P 500 (SPY) by nearly 27%. Find Alpha We take a look at the recently released Q1 2024 results and explain why you shouldn't look away, even if things look good on the surface. Q1 2024 KREF cut its Q1 2024 dividend from 43 cents…
Author: Private Lending Agent
Steve Goldstein Deutsche Bank, one of the banks with the largest exposure to U.S. commercial real estate, reported high levels of credit loss provisions for the second consecutive quarter but said they would start to decrease gradually. Deutsche Bank (DB) reported a provision for U.S. commercial real estate credit losses of 121 million euros ($130 million), following 123 million euros in the fourth quarter. A year earlier, Deutsche Bank had booked a provision of just 35 million euros in the sector. Deutsche Bank estimated that the average loan-to-value ratio (LTV) for its roughly 7 billion euros of office loans in…
MADISON, N.J., April 25, 2024 /PRNewswire/ — Anywhere Real Estate Inc. (NYSE: HOUS) (“Anywhere” or the “Company”), a global leader in residential real estate services, today reported financial results for the first quarter ended March 31, 2024. “Anywhere continued to demonstrate powerful leadership in the face of a challenging housing market and industry landscape, and our results in the quarter reinforce our ability to execute with discipline and focus while propelling our strategy forward,” said Ryan Schneider, Anywhere president and CEO. “I appreciate how our great Anywhere affiliated agents, franchisees, and employees continue to deliver meaningful value to help consumers navigate…
Real Estate Settlements: Impact on Buyers and Sellers Real estate developer Uri Mann offers insight into how the settlement is impacting the overall housing market. IRVINE, Calif. — New data shows home resales fell sharply last year, marking the first annual decline since 2008. The number of single-family homes and condominiums resold in the U.S. in 2023 was 308,922, down 29% from 436,807 in 2022, according to real estate data curator ATTOM. And as the number of homes resold by investors declined, resales' share of total home sales also fell from 8.6% in 2022 to 8.1% last year, data from…
KKR Real Estate Finance Trust Inc. (NYSE:KREF) Q1 2024 Earnings Conference Call April 24, 2024 10:00 AM ET Company Participants Jack Switala – Investor RelationsMatt Salem – Chief Executive OfficerPatrick Mattson – President and Chief Operating Officer Conference Call Participants Rick Shane – JPMorganStephen Laws – Raymond JamesSarah Barcomb – BTIGSteve Delaney – JMP SecuritiesJade Rahmani – KBWDon Fandetti – Wells Fargo Operator Good morning, and welcome to the KKR Real Estate Finance Trust Inc. First Quarter 2024 Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note, this event is being recorded. I would now…
Residential real estate for sale signs seen in Washington DC Brendan Smiarowski | AFP | Getty ImagesMortgage rates rose for a third straight week last week, reaching their highest level since November. As a result, mortgage application demand fell 2.7% from the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.13% to 7.24%, and the points for loans with a 20% down payment increased from 0.65 (including origination fees) to 0.66.Mortgage refinance applications, which are the most sensitive to weekly…
The American Express Blue Business Cash™ Card offers 2% cash back on up to $50,000 in eligible business purchases per calendar year. What we think: The Blue Business Cash card is a solid option for small businesses. Other cards may earn more than this card’s flat rate of 2%, but for the business owner who doesn’t want to track complicated spending categories or pay an annual fee, this card fits the bill. This credit card has no annual fee (see rates and fees). Blue Business Cash cardholders have access to several card benefits, including extended warranty protection and purchase protection.…
Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Is your license renewal on the horizon? Every 12 years, a cosmic thing happens, and agents in all 50 states come due for their real estate continuing education (CE) and licensing renewal. 2024 is that year! Maintaining your real estate license means taking continuing education courses to fulfill your state licensing board’s requirements, and doing so before your license expires. You can complete your real estate CE hours online through one of the many course providers that…
LEASES Colliers|Wisconsin CD Smith Construction, Inc. leased 1,102 square feet of office space at 731 N Jackson Street in Milwaukee, Wisconsin. Jenna Maguire and Joe Moritz of Colliers|Wisconsin brokered the deal. Bay Driving Academy leased 609 square feet of office space at 4650 N Port Washington Road in Glendale, Wisconsin. Caitlin Ackatz of Colliers|Wisconsin brokered the deal. Outsource, Inc. leased 5,487 square feet of office space in Riverwood Corporate Center I at N19 W24400 Riverwood Drive in Waukesha, Wisconsin. Joe Moritz of Colliers|Wisconsin brokered the deal. Maroney Dental Lab, Inc. leased 2,500 square feet of retail space at 4600 S…
INDIANAPOLIS — Circle Centre Mall officially has a new owner after Hendricks Commercial Properties confirmed the deal was completed Wednesday. Circle Centre Development Co., a partnership of 17 businesses and corporate investors, announced in a news release that Hendricks Commercial Properties has acquired the longtime downtown Indianapolis shopping mall. Circle Centre Mall begins redevelopment after sale to Hendricks Commercial Properties Hendricks Commercial Properties is the developer of the Bottleworks District and Ironworks on Keystone Avenue. The deal was first confirmed in December when officials announced they would invest roughly $600 million over the next 10 years to transform the site…