KKR Real Estate Finance Trust is a holding company. Through its subsidiaries, Co. is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. Co.'s target assets also include mezzanine loans, preferred equity and other debt-oriented instruments. Co. has a portfolio of diversified investments, consisting of performing senior loans, mezzanine loans, and commercial mortgage-backed securities B-Pieces. Co. is externally managed by its manager, KKR Real Estate Finance Manager LLC, an indirect subsidiary of KKR & Co. L.P. We show 19 historical shares outstanding datapoints in our KREF shares outstanding history coverage, used to compute KREF market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing KREF market cap history over the course of time is important for investors
interested in comparing KREF's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of KREF versus a peer is one thing; comparing
KREF market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like KREF can fluctuate over the course of history.
With this page we aim to empower investors researching KREF by allowing them to research the KREF market cap history. |
Video: The Importance of Market Cap
