Keefe Bruyette Lowers Its Price Target on KKR Real Estate Finance Trust (KREF)

On March 23, 2026, KKR Real Estate Finance Trust and TMG Partners announced a lease astatine the 350-380 Ellis field successful Mountain View, California, to OpenAI. The five-building Class A property, owned by KREF and superior accounts advised by KKR, was repositioned by TMG into a modern workplace, featuring upgraded infrastructure, integrated buildings, and caller amenities, including a beforehand introduction experience, indoor/outdoor café, rooftop decks, and a 2.0-acre outdoor workspace area.

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In March, Citizens lowered its terms people connected KKR Real Estate Finance Trust Inc. (NYSE:KREF) to $9.50 from $10 and maintained an Outperform rating. Citizens said the institution is taking a much assertive attack to resolving ticker database loans and selling REO properties to escaped up superior for redeployment into its span indebtedness portfolio.

KKR Real Estate Finance Trust Inc. (NYSE:KREF) focuses connected originating and acquiring transitional elder loans backed by commercialized existent estate.

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