How The Latest Downgrades Are Reshaping KKR Real Estate Finance Trust's Valuation Story
KKR Real Estate Finance Trust (KREF) has seen its fair value estimate reduced from US$11.00 to US$9.60, aligning with broader analyst target trims. This reassessment incorporates a higher discount rate of 11.24% and revised revenue assumptions of 78.43%, reflecting increased caution amidst ongoing analyst coverage. Firms like JPMorgan, BTIG, and Keefe Bruyette have adjusted their stances, with some downgrading the stock, highlighting growing concerns about near-term risks despite acknowledging the company's operational track record.
Implied Volatility Surging for KKR Real Estate Finance Trust Stock Options
Implied volatility for KKR Real Estate Finance Trust Inc. (KREF) stock options, particularly the Feb 20, 2026 $2.50 Call, has surged, indicating expectations of a significant price movement. Despite this, the company currently holds a Zacks Rank #5 (Strong Sell). The high implied volatility, coupled with recent analyst estimate revisions, may present a trading opportunity for options traders looking to sell premium.
Implied Volatility Surging for KKR Real Estate Finance Trust Stock Options
Implied volatility for KKR Real Estate Finance Trust (KREF) stock options, particularly the Feb 20, 2026 $2.50 Call, has surged, indicating market expectations of a significant price movement. Despite this, the company currently holds a Zacks Rank #5 (Strong Sell) with analysts having recently adjusted earnings estimates upwards. This high implied volatility, coupled with the fundamental outlook, could present opportunities for options traders, especially those looking to sell premium.
KKR Real Estate Finance Trust (NYSE:KREF) Price Target Cut to $8.00 by Analysts at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods has lowered its price target for KKR Real Estate Finance Trust (NYSE:KREF) to $8.00 from $8.25, maintaining a "market perform" rating despite the company beating Q4 earnings and revenue estimates. While KREF's Q4 results exceeded expectations with $0.22 EPS and $32.7 million in revenue, analysts note the company's high leverage, negative net margin, and ongoing evaluation of its dividend strategy as management pursues a $1.5 billion repayment plan. The stock currently holds a consensus "Hold" rating from analysts with an average target price of $10.40.
KKR Real Estate Finance Trust (NYSE:KREF) Given New $9.00 Price Target at Wells Fargo & Company
Wells Fargo & Company lowered its price target for KKR Real Estate Finance Trust (NYSE:KREF) from $10.00 to $9.00, while maintaining an "overweight" rating, indicating a potential 23.7% upside. This adjustment comes amidst several downgrades by other firms, yet the company recently surpassed Q4 earnings and revenue estimates. KKR Real Estate Finance Trust is looking to repay $1.5 billion and resolve assets, but faces concerns over negative net margin, negative return on equity, and a high debt-to-equity ratio of 3.63.
KKR Real Estate Finance Trust Inc. (NYSE:KREF) Q4 2025 Earnings Call Transcript
KKR Real Estate Finance Trust Inc. (KREF) discussed its Q4 2025 financial results, reporting a GAAP net loss of $32 million and distributable earnings of $0.22 per share, with a $0.25 cash dividend. The company highlighted strengthening liquidity, its first European loan closure, and an aggressive resolution strategy for its REO and watch list assets in 2026 to improve stock price to book value and reduce exposure to problematic office assets. Management also addressed dividend policy and the broader real estate market outlook, noting increased allocation to real estate credit and equity despite challenges in some sectors like life science.
BTIG downgrades KKR Real Estate Financial Trust stock on portfolio concerns
BTIG has downgraded KKR Real Estate Financial Trust (KREF) from Buy to Neutral due to concerns about portfolio quality and leverage following book value erosion in Q4. Despite an aggressive resolution strategy for problematic loans and strong origination capabilities, BTIG anticipates near-term earnings volatility and potential dividend cuts. Analysts, however, predict a return to profitability for KREF in 2026.
KKR Real Estate Finance Trust (NYSE:KREF) Shares Gap Down - Should You You Sell?
KKR Real Estate Finance Trust (NYSE:KREF) shares gapped down by about 3.6% to $7.78 before market open, with analysts holding a "Hold" consensus rating and a $10.45 target despite recent price target cuts. The company beat Q-quarterly EPS and revenue estimates but faces profitability concerns with negative net margin and return on equity, and a high dividend payout ratio. Insider activity shows mixed signals, with the CEO buying shares and a director selling, with institutional investors holding 70.23% of the stock.
Earnings call transcript: KKR Real Estate Q4 2025 beats EPS, stock dips
KKR Real Estate Finance Trust Inc. (KREF) announced strong Q4 2025 results, with EPS of $0.22 significantly beating the $0.14 forecast and revenue reaching $32.64 million against an anticipated $30 million. Despite these positive financial outcomes, the company's stock declined by 3.97% in premarket trading. KREF projects 2026 as a transition year, focusing on resolving REO and watchlist assets, and is considering a reevaluation of its dividend policy while emphasizing strategic portfolio repositioning and strong liquidity.
KKR Real Estate Finance Trust (NYSE:KREF) Reports Mixed Q4 2025 Results, Beating EPS but Missing Revenue Estimates
KKR Real Estate Finance Trust (NYSE:KREF) announced mixed results for Q4 2025, surpassing analyst EPS estimates by 44% with $0.22 non-GAAP EPS, but narrowly missing revenue forecasts by 2.3% at $25.79 million. Despite the strong earnings beat, the stock declined 0.86% in after-hours trading, suggesting investor focus on the revenue miss and broader concerns about the commercial real estate finance sector. Analysts are projecting Q1 2026 revenues of $28.51 million and EPS of $0.19, with full-year 2026 estimates at $108.94 million in sales and $0.70 EPS.
KKR Real Estate Finance Trust Inc. SEC 10-K Report
KKR Real Estate Finance Trust Inc. (KREF) has released its 2025 10-K report, revealing a significant decrease in net interest income and a net loss attributable to common stockholders primarily due to increased provisions for credit losses. The company plans to continue focusing on originating floating-rate senior loans and diversifying financing sources while addressing challenges such as market competition, real estate market fluctuations, and interest rate volatility. KREF also repurchased shares, increased its revolving credit facility, and refinanced its secured term loan to manage capital and liquidity.
KKR Real Estate: Fourth Quarter Earnings Overview
KKR Real Estate Finance Trust Inc. reported a net loss of $26.2 million, or $0.49 per share, for the fourth quarter. Adjusted earnings for the quarter were $0.22 per share, with total revenue reaching $101.3 million and adjusted revenue at $25.8 million. For the full year, the company posted a total loss of $47.1 million, or $1.05 per share, on revenue of $112.6 million.
KKR Real Estate: Q4 Earnings Snapshot
KKR Real Estate Finance Trust Inc. (KREF) reported a loss of $26.2 million, or 49 cents per share, in its fourth quarter. The company's adjusted earnings were 22 cents per share, with revenue reaching $101.3 million. For the full year, KREF posted a loss of $47.1 million, or $1.05 per share, on revenues of $112.6 million.
KKR Real Estate Finance Trust (NYSE:KREF) Receives "Buy" Rating from BTIG Research
BTIG Research has reiterated a "Buy" rating for KKR Real Estate Finance Trust (KREF) with a price target of $13.00, suggesting a potential upside of 56.8%. The company has a mixed analyst consensus of "Hold" with a target of $10.45. Insider buying has also been noted, with the CEO and a director acquiring shares worth approximately $431,710 in the last 90 days.
Earnings Preview: KKR Real Estate Finance (KREF) Q4 Earnings Expected to Decline
KKR Real Estate Finance (KREF) is projected to report a significant year-over-year decline in earnings and revenue for Q4 2025, with an expected EPS of $0.13, down 58.1%. The company's Most Accurate Estimate is lower than the Zacks Consensus Estimate, leading to a negative Earnings ESP of -38.46%, making a positive earnings surprise difficult to predict despite a Zacks Rank of #3. Investors are advised to consider other factors beyond just earnings estimates when evaluating the stock.
KKR Real Estate Finance Trust (KREF) Expected to Announce Earnings on Tuesday
KKR Real Estate Finance Trust (KREF) is expected to announce its Q4 2025 earnings after market close on Tuesday, February 3rd, with analysts projecting $0.14 EPS and $26.06 million in revenue. The company recently paid a quarterly dividend of $0.25, resulting in a 12.4% yield. Shares are currently trading around $8.10, and insider transactions included a sale by Director Ralph Rosenberg and a purchase by Director Christen E.J. Lee.
KKR Real Estate Finance Trust Inc. to Announce Fourth Quarter 2025 Results
KKR Real Estate Finance Trust Inc. (KREF) announced it will release its fourth-quarter 2025 financial results on Tuesday, February 3, 2026, after market close. A conference call is scheduled for Wednesday, February 4, 2026, at 10:00 a.m. ET to discuss these results. KREF is a real estate finance company specializing in senior loans secured by commercial properties.
Stephens Inc. AR Sells 176,200 Shares of KKR Real Estate Finance Trust $KREF
Stephens Inc. AR reduced its stake in KKR Real Estate Finance Trust (NYSE:KREF) by 39.7% in Q3, selling 176,200 shares and retaining 267,658 shares valued at approximately $2.41 million. KREF pays a quarterly dividend of $0.25 (12.1% yield) and recently missed EPS estimates while exceeding revenue expectations. The stock currently has a consensus "Hold" rating with an average price target of $9.81.
KKR Real Estate Finance Trust announces resignation of general counsel
KKR Real Estate Finance Trust Inc. announced the resignation of its General Counsel and Secretary, Kelly Galligan, who will remain with the company for a transition period. This news follows the company's third-quarter 2025 earnings, which missed analyst expectations, and a declared quarterly dividend of $0.25 per share. Citizens has reiterated a Market Outperform rating on KREF with an $11.00 price target.
Keefe, Bruyette & Woods Issues Pessimistic Forecast for KKR Real Estate Finance Trust (NYSE:KREF) Stock Price
Keefe, Bruyette & Woods has lowered its price target for KKR Real Estate Finance Trust (NYSE:KREF) from $8.75 to $8.25, while maintaining a "market perform" rating, suggesting a potential upside of 6.93%. This adjustment follows KREF missing Q3 earnings expectations, reporting an EPS of ($0.03) against an expected $0.01. Despite the pessimistic forecast, company insiders, including CEO Matthew Salem and COO W. Patrick Mattson, have recently increased their holdings in the company.
The Truth About KKR Real Estate Finance (KREF): Smart Passive Income Play or Total Flop?
This article examines KKR Real Estate Finance (KREF), a high-yield real estate stock, to determine if it's a smart passive income opportunity or a risky investment. It delves into the stock price, dividend sustainability, and the inherent risks associated with commercial real estate loans in the current economic climate, comparing KREF to competitors like Blackstone Mortgage Trust and Starwood Property Trust. The piece concludes with a "Cop or Drop" verdict, advising investors on when KREF might be a suitable addition to a diversified portfolio.
KKR Real Estate Finance Trust (NYSE:KREF) Receives Average Recommendation of "Hold" from Brokerages
KKR Real Estate Finance Trust (NYSE:KREF) has received a consensus "Hold" rating from six analysts, with an average 12-month target price of $9.94. Insider activity shows CEO Matthew A. Salem bought 32,000 shares, while director Ralph F. Rosenberg sold 125,289 shares, resulting in net insider buying over the last 90 days. The company announced a quarterly dividend of $0.25, leading to an 11.2% yield, but its dividend payout ratio is unusually negative at -285.71%.
KKR Real Estate Finance Trust declares $0.25 dividend for Q4 2025
KKR Real Estate Finance Trust Inc. announced a quarterly dividend of $0.25 per share for Q4 2025, payable on January 15, 2026, to shareholders of record as of December 31, 2025, offering an 11.51% yield. This declaration follows a recent Q3 2025 earnings report where the company missed analyst expectations for both GAAP net income and revenue, despite Citizens reiterating a 'Market Outperform' rating with an $11.00 price target. The company specializes in senior loans secured by commercial real estate properties.
Non Independent Chairman of the Board Ralph Rosenberg Sold A Bunch Of Shares In KKR Real Estate Finance Trust
Ralph Rosenberg, the Non Independent Chairman of the Board at KKR Real Estate Finance Trust Inc. (NYSE:KREF), recently sold US$2.1 million worth of shares, representing 100% of his holding. While insiders have bought some shares worth US$617k over the last year, they have sold a total of 250.58k shares for US$2.1m, with the recent sale being the largest by an insider. This significant sale, especially below the current stock price, combined with relatively low insider ownership of 1.9%, suggests caution regarding the company.
KKR Real Estate Finance Trust declares $0.25 dividend for Q4 2025
KKR Real Estate Finance Trust Inc. (NYSE:KREF) has announced a quarterly dividend of $0.25 per share for Q4 2025, resulting in an attractive annual yield of 11.51%. The dividend will be payable on January 15, 2026, to shareholders of record as of December 31, 2025. This declaration follows recent Q3 2025 earnings that missed analyst expectations, though Citizens reiterated a Market Outperform rating on the stock.
How Kkr Real Estate Finance Trust Inc. (KREF) Affects Rotational Strategy Timing
This article analyzes Kkr Real Estate Finance Trust Inc. (NASDAQ: KREF), noting strong near and mid-term sentiment but a weak long-term outlook. It identifies a mid-channel oscillation pattern and presents three AI-generated trading strategies (Position, Momentum Breakout, Risk Hedging) with specific entry, target, and stop-loss levels. The analysis provides multi-timeframe signal insights, highlighting support and resistance levels for the stock.
Citizens reiterates Market Outperform rating on KKR Real Estate stock By Investing.com
Citizens has reaffirmed its Market Outperform rating and an $11.00 price target for KKR Real Estate Finance Trust (NYSE:KREF), projecting a 28% upside based on the current price and an undervalued assessment by InvestingPro. Despite negative earnings in the past year, analysts expect profitability soon, supported by a strong current ratio and potential sales of REO properties. The price target anticipates a potential total return of approximately 40%, combining price appreciation and a cash dividend yield.
Ralph Rosenberg Sells 125,289 Shares of KKR Real Estate Finance Trust (NYSE:KREF) Stock
Director Ralph Rosenberg sold 125,289 shares of KKR Real Estate Finance Trust (NYSE:KREF) on December 3rd for over $1 million. The stock traded at $8.49 that day with increased volume, and analysts currently have an average "Hold" rating with a consensus price target of $9.94. KREF also recently announced a quarterly dividend of $0.25 per share, representing an 11.8% yield.
KKR Real Estate Finance Trust (KREF): Extended Losses Highlight Persistent Valuation Concerns vs. Recovery Narratives
KKR Real Estate Finance Trust (KREF) has faced extended losses over the past five years and trades at a significantly high price-to-sales ratio compared to its industry, raising valuation concerns. Despite this, analysts forecast a strong earnings turnaround and a return to profitability within three years, supported by integration with KKR's platform and demand in urban logistics and multifamily sectors. However, real estate losses are pressuring dividend stability, and while the share price is below the analyst target, high valuation and portfolio risks remain.
KKR Real Estate Finance Trust (KREF): Extended Losses Highlight Persistent Valuation Concerns vs. Recovery Narratives
KKR Real Estate Finance Trust (KREF) has faced significant losses, with net losses increasing by 53.3% annually over the past five years, and trades at a high price-to-sales ratio of 14x. Despite these current struggles, analysts anticipate a turnaround, forecasting 108.83% annual earnings growth and a return to profitability within three years, driven by integration with KKR's platform and demand in urban logistics and multifamily sectors. However, concerns regarding dividend sustainability persist due to ongoing real estate losses and concentrated sector exposure, even as the stock trades below its analyst target price.
Earnings call transcript: KKR Real Estate misses Q3 2025 EPS and revenue forecasts
KKR Real Estate Finance Trust Inc. (KREF) reported Q3 2025 earnings that missed both EPS and revenue forecasts, with an adjusted EPS loss of $0.03 against a projected $0.07, and revenue of $31.41 million versus the anticipated $34.15 million. Despite the miss, KREF shares saw a premarket increase, suggesting positive investor outlook on other aspects such as its dividend yield and strategic initiatives, including European expansion. The company aims to manage its REO portfolio and match future repayments with originations to improve earnings.
The Technical Signals Behind (KREF) That Institutions Follow
This article analyzes the technical signals for Kkr Real Estate Finance Trust Inc. (KREF), highlighting a potential shift from persistent mid to long-term weakness towards strong near-term sentiment. It outlines three AI-generated trading strategies with specific entry, target, and stop-loss levels, and provides multi-timeframe signal analysis indicating support and resistance levels for the stock. The analysis also points to an exceptional risk-reward setup targeting an 8.2% gain against a 0.2% risk.
KKR Real Estate Finance Trust Inc. Announces Closing of Reprice and Upsize of $650 Million Senior Secured Term Loan B
KKR Real Estate Finance Trust Inc. (KREF) announced the repricing and upsizing of its senior secured Term Loan B to $650 million, due in 2032. The repricing reduced the coupon by 75 basis points to SOFR plus 250 basis points. KREF plans to use the incremental proceeds to repay existing debt and for general corporate purposes, aiming for a lower cost of capital for lending opportunities.
KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.25 Per Share of Common Stock
KKR Real Estate Finance Trust Inc. (KREF) announced a quarterly dividend of $0.25 per share of common stock for the third quarter of 2025. This dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025. KREF is a real estate finance company focusing on senior loans secured by commercial properties.
$0.25 Per Share: KKR Real Estate Finance Trust Announces Q3 2025 Dividend Payment for October
KKR Real Estate Finance Trust Inc. (KREF) announced a quarterly dividend of $0.25 per share of common stock for the third quarter of 2025. The dividend is payable on October 15, 2025, to stockholders of record as of September 30, 2025. KREF is a real estate finance company focused on originating and acquiring senior loans secured by commercial real estate properties.
KKR Real Estate Finance Trust's (NYSE:KREF three-year decrease in earnings delivers investors with a 29% loss
KKR Real Estate Finance Trust (NYSE:KREF) shareholders have experienced a 29% loss over the last three years, largely due to a 49% drop in share price and a 39% annual decline in revenue. While the CEO's remuneration is modest, the company's declining dividend likely fueled investor sell-off. However, recent performance shows a 15% total shareholder return over the last twelve months, suggesting a potential improvement.
KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.25 Per Share of Common Stock
KKR Real Estate Finance Trust Inc. (KREF) announced a quarterly dividend of $0.25 per share of common stock for the fourth quarter of 2024. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024. KREF is a real estate finance company focusing on originating and acquiring senior loans secured by commercial real estate properties.
KKR buys student portfolio from Blackstone for $1.64B
KKR is set to acquire a portfolio of 19 student housing properties from Blackstone Real Estate Income Trust (BREIT) for approximately $1.64 billion. This acquisition will add over 10,000 beds to KKR-owned University Partners' management, bringing their total to more than 25,000 units. The transaction, expected to close by Q3 2024, reflects KKR's long-term conviction in the student housing sector.
KKR Mortgage REIT shares sink to 4-year low after dividend slash
Shares of KKR Real Estate Finance Trust (KREF.N) plunged by as much as 20% to a nearly four-year low after the company slashed its dividend by 42%. This drastic cut followed a roughly $59-million loss tied to a Philadelphia office loan, leading to a distributable loss in the fourth quarter. The real estate investment trust also increased reserves for a Seattle life sciences property loan amid renewed scrutiny on commercial real estate exposure.
KKR Mortgage REIT Plunges as Commercial-Property Woes Mount
KKR Real Estate Finance Trust (KREF) saw its stock plunge after slashing its dividend by 42% to 25 cents a share. This action was taken to address mounting commercial mortgage woes, including a nearly $59 million loss on a Philadelphia office loan. The company also identified other troubled assets, signaling that commercial real estate challenges extend beyond the office sector.
KKR Appoints Lindsey Wright as Managing Director
KKR has appointed Lindsey Wright as Managing Director and Head of Investment Services for the firm’s real estate credit business in the United States. In this new role, Ms. Wright will lead the development of a dedicated services platform in Dallas to support various aspects of KKR's growing real estate credit franchise. She brings over three decades of real estate asset management and special servicing experience to K firm.
New Lloyd Center co-owner Urban Renaissance Group hints at future of struggling mall
Urban Renaissance Group has become the new co-owner of Portland's Lloyd Center, partnering with KKR Real Estate Finance Trust Inc. The firm describes its involvement as a revitalization effort, with the immediate priority being the mall's stability. While the mall is "open for business," its future direction remains to be fully revealed.
Lloyd Center owners bring on Seattle developer to revamp Portland mall
Seattle-based developer Urban Renaissance Group is partnering with lender KKR Real Estate Finance Trust to revamp Portland’s troubled Lloyd Center mall. The mall will remain open, and the developer plans to consult with tenants, neighbors, and city officials, indicating a long-term future that likely includes shopping and preserving the ice rink. This comes after the mall faced foreclosure due to defaulting on a $177 million loan, with major tenants having left over the years.
CyrusOne to Be Sold in $15 Billion Deal to KKR and Global Infrastructure Partners
CyrusOne Inc. announced its sale to buyout firms KKR & Co. and Global Infrastructure Partners LLC in a deal valued at approximately $15 billion, including debt. CyrusOne is a Dallas-based real-estate investment trust that operates more than 50 data centers across North America, South America, and Europe. The company has experienced significant growth due to the increased demand for data usage and had been a target for acquisition by multiple investment firms.
Lloyd Center mall in NE Portland faces foreclosure and redevelopment
The Lloyd Center mall in Northeast Portland is facing foreclosure and is slated for redevelopment by KKR Real Estate Finance Trust. KKR plans to take ownership and convert the property into residential and office space, acknowledging the mall's outdated concept and ongoing challenges. Despite the looming changes, current mall operations, including retail, are expected to continue through the holiday season.
KKR Real Estate Finance Trust CEO Says Multifamily, Office Loan Portfolio Has Outperformed
Matt Salem, CEO of KKR Real Estate Finance Trust Inc. (NYSE: KREF), discussed the mREIT's strong performance, attributing it to a defensive positioning before COVID-19, with a focus on transitional loans secured by multifamily and well-leased office properties. Salem noted that these segments have outperformed, with borrowers maintaining significant liquidity. KKR remains positive on multifamily but is cautiously underwriting the office sector due to ongoing transformations in urban centers.
Paula B. Madoff
Power Corporation of Canada announced the election of Ms. Paula B. Madoff to its Board of Directors. Ms. Madoff brings 30 years of experience in capital markets, risk management, and investing activities, including a 25-year career at Goldman Sachs where she was a Partner and Head of Interest Rate Products and Mortgages Sales and Distribution. She also serves as a director for Great-West Lifeco, KKR Real Estate Finance Trust, Tradeweb Markets, and ICE Benchmark Administration.
CIM Group refinances Central Loop tower after completing renovation
CIM Group refinanced its 425 South Financial Place tower in Chicago's Central Loop with a $170 million loan from KKR Real Estate Finance Trust after completing extensive renovations. CIM acquired the 950,000-square-foot office building in 2016 for $189 million and rebranded it following renovations that included lobby and plaza improvements. This refinancing follows other significant development projects by CIM in Chicago, including the Tribune Tower redevelopment.
