KKR Real Estate Finance: The Preferreds Are A Buy At Their 7.7% Dividend Yield [Seeking Alpha]
KKR Real Estate Finance Trust Inc. (KREF)
Last kkr real estate finance trust inc. earnings: 4/29 04:02 pm
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US:NYSE Investor Relations:
kkrreit.com/company-overview/about-us
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Source: Seeking Alpha
Follow Summary KKR Real Estate Finance's common shares are trading hands at a 20.28% discount to book value with the preferreds trading for 84.6 cents on the dollar. The mREIT's distributable earnings cover its quarterly dividend payout by 160%. Book value per share saw sequential growth of 6 cents with liquidity also growing versus the prior quarter. Walter Bibikow/DigitalVision via Getty Images KKR Real Estate Finance ( NYSE: KREF ) has seen its commons and preferreds ( NYSE: KREF.PR.A ) recover substantially from lows over the last few months since I last covered the mortgage REIT's portfolio. The preferreds are now trading for 84.6 cents on the dollar, a roughly 15.4% discount to their $25 per share liquidation value, and offer a 7.7% yield on cost against their $1.625 per share annual coupon. This discount should be closer to 90% as pending Fed rate cuts look set to catalyze broad yield compression for fixed-income securities. KREF generated fiscal 2024 second-quarte
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News
- KKR Real Estate Finance Trust Inc. (NYSE:KREF) is a favorite amongst institutional investors who own 61% [Yahoo! Finance]Yahoo! Finance
- KKR Real Estate Finance Trust Inc. (NYSE: KREF) had its price target raised by analysts at JMP Securities from $12.50 to $13.00. They now have a "market outperform" rating on the stock.MarketBeat
- KKR Real Estate Finance Trust Inc. (NYSE: KREF) had its price target lowered by analysts at Raymond James from $14.00 to $13.50. They now have an "outperform" rating on the stock.MarketBeat
- KKR Real Estate Finance Trust (NYSE:KREF) shareholders have endured a 29% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
- KKR Real Estate Finance Trust Inc. (KREF) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
KREF
Earnings
- 10/21/24 - Miss
KREF
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/25/24 - Form 3
- KREF's page on the SEC website