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0 0.00249376558603486 0.00166251039068991 0.00166251039068991 0 -0.00166251039068991 -0.000831255195344953 -0.000831255195344953
Stock impact report

KKR Real Estate: A Dividend Cut And Book Value Dip Heightens Preferreds' Role [Seeking Alpha]

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: Seeking Alpha
KREF's book value fell 17.8% year-over-year to $11.87 per share, with shares now trading at a 48.7% discount to book value. Portfolio repositioning continues with office exposure reduced to 18% at the end of the first quarter. The mREIT is targeting reducing this below 10% by the end of 2026. I rate KREF as Hold due to persistent book value erosion and dividend instability, favoring the 9.12% yielding preferreds for risk-adjusted income. elxeneize/iStock via Getty Images KKR Real Estate Finance Trust Inc. ( KREF ) has cut its common share dividend as it continues to transition its commercial real estate ("CRE") loan portfolio away from legacy office property loans and institutes a This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of KREF.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Show less Read more
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