KKR Real Estate Finance: Look For Further Yield Compression On The Preferreds
Portfolio Pulse from
KKR Real Estate Finance's Series A Preferreds offer an 8% yield and are trading at an 18% discount to their liquidation value. The common shares are down 6% over the last year and trade at a 22% discount to book value. The company's strong free cash flow supports its dividend by 213%.
December 02, 2024 | 4:30 am
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KKR Real Estate Finance's Series A Preferreds offer an attractive 8% yield and are trading at a significant discount, while the common shares are also undervalued. The company's strong cash flow supports its dividend, indicating potential stability and value for investors.
The 8% yield on the preferreds and the 18% discount to liquidation value make them attractive to yield-seeking investors. The common shares' 22% discount to book value suggests undervaluation. Strong free cash flow supporting dividends by 213% indicates financial stability, which is positive for stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100