A $22,000-a-Month LA Rental Showcases KKR's Property Stresses [BNN Bloomberg (Canada)]
KKR Real Estate Finance Trust Inc. (KREF)
Last kkr real estate finance trust inc. earnings: 4/29 04:02 pm
Check Earnings Report
US:NYSE Investor Relations:
kkrreit.com/company-overview/about-us
Company Research
Source: BNN Bloomberg
The only two available units — each with three bedrooms and three baths — rent for $19,500 and $22,000 a month. But despite commanding sky-high rents, the property's owners are already dealing with the weight of borrowing costs that have surged since 2022. Its lender, KKR Real Estate Finance Trust, has the $105 million floating-rate loan on a watchlist of troubled debt. The inclusion of the 37-unit West Hollywood complex underscores how the commercial-property tumult is affecting real estate far beyond offices. While the real estate investment trust is also grappling with debt tied to workplaces in Philadelphia and Boston, it's also concerned about apartment loans in San Diego and Raleigh, North Carolina, as well as a life science facility in Seattle. It's a particularly stark shift though for apartment buildings, which until recently were considered among the safest US real estate bets with the cost of homeownership rising beyond the reach of more Americans. But higher interest
Show less
Read more
Impact Snapshot
Event Time:
KREF
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
KREF alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
KREF alerts
High impacting KKR Real Estate Finance Trust Inc. news events
Weekly update
A roundup of the hottest topics
KREF
News
- KKR Real Estate Finance Trust Inc. (NYSE: KREF) had its price target lowered by analysts at Keefe, Bruyette & Woods from $10.00 to $9.75. They now have a "market perform" rating on the stock.MarketBeat
- KKR Real Estate Finance Trust Inc. (NYSE:KREF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- KKR Real Estate Finance: The 15% Yield Likely Gets Cut, Again [Seeking Alpha]Seeking Alpha
- Compared to Estimates, KKR Real Estate (KREF) Q1 Earnings: A Look at Key Metrics [Yahoo! Finance]Yahoo! Finance
- KKR Real Estate Finance Trust Inc. Reports First Quarter 2024 ResultsBusiness Wire
KREF
Earnings
- 4/23/24 - Beat
KREF
Sec Filings
- 4/25/24 - Form 8-K
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- KREF's page on the SEC website