2024-04-25 09:48:45 ET
Summary
- KKR Real Estate Finance Trust Inc. has declined since our last article, and predictably it cut its distribution.
- Q1-2024 showed the distributable earnings were way ahead of the 25 cents declared.
- We tell you why another cut is highly probable within a year.
On our last coverage of KKR Real Estate Finance Trust Inc. ( KREF ) we identified the potential reasons that we did not want to chase this. The stock has moved lower, and even the large yield has failed to get total returns into positive territory. The total return has lagged the broader S&P 500 ( SPY ) by almost 27%....
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For further details see:
KKR Real Estate Finance: The 15% Yield Likely Gets Cut, Again