KKR Real Estate Finance Trust Inc. Reports Third Quarter 2020 Results

KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today reported its third quarter 2020 results, which have been posted to the Investor Relations section of KREF’s website at http://www.kkrreit.com/investor-relations/events-and-presentations.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201026005795/en/

A conference call to discuss KREF’s financial results will be held on Tuesday, October 27, 2020 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass code is not required. Additionally, the conference call will be broadcast live over the Internet and may be accessed at http://www.kkrreit.com/investor-relations/events-and-presentations.

A replay of the live broadcast will be available on KREF’s website or by dialing (877) 344-7529 (U.S. callers) or +1 (412) 317-0088 (non-U.S. callers), pass code 10148123, beginning approximately two hours after the broadcast.

A slide presentation containing supplemental information has also been posted to the Investor

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Apollo Commercial Real Estate Finance, Inc. Reports Third Quarter 2020 Results

NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) — Apollo Commercial Real Estate Finance, Inc. (the “Company” or “ARI”) (NYSE:ARI), today reported results for the quarter and nine months ended September 30, 2020.  

Third quarter 2020 net income per share of common stock was $0.31 and Operating Earnings (a non-GAAP financial measure defined below) was $0.36 per share of common stock.  

“Despite continued economic uncertainty, ARI had another solid quarter, producing operating earnings that covered the $0.35 per share quarterly dividend,” said Stuart Rothstein, Chief Executive Officer and President of the Company. “Importantly, ARI achieved these results while maintaining a defensive capital position, ending the quarter with $450 million of liquidity after opportunistically using some excess liquidity to repurchase common stock. To date, ARI has repurchased $119.2 million of common stock at a price which is accretive to both operating earnings and book value per share.”

ARI issued a detailed presentation

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Commercial real estate, loan deferrals in focus at bank results

The falling number of loan deferrals was heartening, Australian Prudential Regulation Authority chairman Wayne Byres told a Citi conference earlier this month, but “we are still at the early stage of this working through the system. There is a lot of temporary support in place and the impact on bank balance sheets is yet to be felt.”

The market will closely watch for disclosures around commercial real estate exposure and stress.

Credit Suisse said it was the “key swing factor for bad debts”, with major banks having around $60 billion of exposure to the commercial real estate sector.

“In relation to commercial real estate specifically, the RBA noted that vacancy rates for commercial property are rising, putting pressure on landlords, which has been seen to a greater extent in the retail sector,” said Credit Suisse analyst Jarrod Martin.

“With rental conditions starting to deteriorate, [the RBA] flags commercial real estate

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United Bankshares: Confident In The Q3 Results But Exposure To Commercial Loans Remains (NASDAQ:UBSI)

Introduction

United Bankshares (UBSI) still needs to report its Q3 results and ahead of the release (next week), I noticed the option premiums have reached interesting levels as market makers are bracing for the uncertainty surrounding the Q3 results. An excellent cue for me to have a look at how the bank performed in the first half of the year and how the bank’s risk management department has been dealing with the balance sheet.

ChartData by YCharts

The H1 results indicate a strong profitability

In the first half of the year, United Bankshares saw its net interest income increase as the interest expenses decreased at a much faster pace than the interest income. This even accelerated in the second quarter as although the interest income decreased by a little bit less than 0.5%, the interest expenses decreased by more than 40% resulting in a $20M expansion of the net interest

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Chipotle Announces Third Quarter 2020 Results Q3 Digital Sales Tripled Year-Over-Year And Accounted For Nearly Half Of Sales

NEWPORT BEACH, Calf., Oct. 21, 2020 /PRNewswire/ — Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2020.

Third quarter highlights, which incorporate the impact of COVID-19, year over year:

  • Revenue increased 14.1% to $1.6 billion

  • Comparable restaurant sales increased 8.3%

  • Digital sales grew 202.5% and accounted for 48.8% of sales for the quarter

  • Restaurant level operating margin was 19.5%, a decrease of 1.3%

  • Diluted earnings per share was $2.82, net of a $0.94 after-tax impact from expenses related to certain legal proceedings, restaurant asset impairment and closure costs, as well as corporate restructuring and other adjustments, an 18.7% decrease from $3.47. Adjusted diluted earnings per share excluding these charges was $3.76, a 1.6% decrease from $3.821

  • Opened 44 new restaurants and closed three restaurants during the quarter; and about 10 restaurants remain temporarily closed because

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Better Real Estate Results: 7 Steps, Homeowners Should Take

When one decides, it’s time, to sell his house, the smartest approach, is, to proceed, with a time – tested, well – considered, process, focused on achieving the most desirable objectives! For most, this includes, obtaining the best possible price and terms, in the shortest – period of time, with a minimum of hassle/ stress! In order to make this, often – stressful process, and transaction period, more stress – free, and meaningful, based on my, over a decade, as a Real Estate Licensed Salesperson, in the State of New York, I have created, my, RICH IDEAS, 7 basic steps, homeowners should take, to get the finest, possible results, etc. With that in mind, this article will briefly, consider, examine, review, and discuss, these steps.

1. Interview potential agents: Since, in most areas, there are many licensed, qualified, real estate agents, homeowners, should begin the process, by thoroughly, interviewing … Read More