KKR Real Estate Finance Trust Inc’s 6.50% Series A Cumulative Redeemable Preferred Stock (Symbol: KREF.PRA) yielded over 9% during trading on Monday, with shares trading as low as $17.85. This marks a significant increase compared to the average yield of 8.04% in the “Real Estate” preferred stock category, according to Preferred Stock Channel.
As of the last close, KREF.PRA was trading at a 27.32% discount to its liquidation preference amount, in contrast to the average discount of 14.05% in the sector. On that day, KREF.PRA was down approximately 1.8%, while the common shares (Symbol: KREF) saw a decrease of about 0.4%.
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