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KKR Real Estate: Q1 Earnings Snapshot

By The Associated Press

NEW YORK (AP) — NEW YORK (AP) — KKR Real Estate Finance Trust Inc. (KREF) on Wednesday reported a loss of $56.1 million in its first quarter.

The New York-based company said it had a loss of 96 cents per share. Losses, adjusted for non-recurring costs and stock option expense, came to 6 cents per share.

The real estate finance company posted revenue of $95.9 million in the period. Its adjusted revenue was $26.2 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

America 250: How people ordered their ready-to-assemble homes from a catalog

By Linh Bui
For decades, Americans could browse a catalog, choose a home and order it by mail. Sears, Roebuck and Company was a prominent manufacturer of mail-order homes. The company sold about 70,000 to 75,000 homes from 1908 to 1940, according to the Sears Archives. Its catalogs offered more than 400 different house styles and the listed prices could range from around $200 to $6,000. Customers even had the option of designing their own home and submitting the blueprint to Sears.
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