KKR Real Estate Finance Trust (KREF) Tops Q2 EPS by 14c
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BTIG Reiterates Buy Rating on KKR Real Estate Financial Trust (KREF)
July 23, 2024 4:58 AM EDTBTIG analyst Thomas Catherwood reiterated a Buy rating and $11.50 price target on KKR Real Estate Financial Trust (NYSE: KREF)
The analyst comments "KREF reported Distributable EPS of ($1.57)/sh vs. our estimate of ($1.72); however, this figure includes net realized losses of $136M, or ($1.97)/sh. We estimate KREF's 2Q DE ex. realized losses to be ~$0.39/sh, in line with 1Q and $0.06 higher than our estimate,... More
