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KKR Real Estate: Q4 Earnings Snapshot

By The Associated Press

NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Tuesday reported a loss of $26.2 million in its fourth quarter.

The New York-based company said it had a loss of 49 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 22 cents per share.

The real estate finance company posted revenue of $101.3 million in the period. Its adjusted revenue was $25.8 million.

For the year, the company reported a loss of $47.1 million, or $1.05 per share. Revenue was reported as $112.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KREF at https://www.zacks.com/ap/KREF

Voters are worried about the cost of housing. But Trump wants home prices to keep climbing

By The Associated Press
WASHINGTON (AP) — President Donald Trump wants to keep home prices high, bypassing calls to ramp up construction so people can afford what has been a ticket to the middle class. Trump has instead argued for protecting existing owners who have watched the values of their homes climb. It's a position that flies in the face of what many economists, the real estate industry, local officials and apartment dwellers say is needed to fix a big chunk of America’s affordability problem. “I don’t want to drive housing prices down. I want to drive housing prices up for people that own their homes, and they can be assured that’s what’s going to happen,” Trump told his Cabinet on Jan. 29. That approach could bolster the Republican president's standing with older voters, a group that over time has been more likely to vote in midterm elections. Those races in November will determine whether Trump's party can retain control of the House and Senate.
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