Arbor Realty Trust ($ABR) and KKR Real Estate Finance Trust ($KREF) are facing financial troubles as they both slashed dividends to deal with souring loans. Moody's cut New York Community Bancorp's ($NYCB) credit grade to junk, leading to a 15% stock drop. KREF's shares sank to a four-year low after the dividend cut, and the company added two multifamily assets to its watchlist. Viceroy Research believes Arbor is in a dire situation.
KKR Mortgage REIT shares sink to 4-year low after dividend slash https://t.co/2AP8y5ezFn https://t.co/UJfio1Q3Ab
⚠️ KKR MORTGAGE REIT SHARES SINK TO 4-YEAR LOW AFTER DIVIDEND SLASH (Reuters) Shares of KKR Real Estate Finance Trust plunged by as much as 20% to a nearly four-year low on Wednesday after the real estate investment trust (REIT) slashed its dividend amid souring loans. KREF,… https://t.co/P9gvCv9Yz4
Read across for the impending disaster at $ABR; it's bad! @KKR_Co Real Estate Finance Trust slumped after slashing its dividend to deal with souring loans. KKR added 2 multifamily assets to its watchlist. @viceroyresearch believes Arbor is a zero. https://t.co/7qmrEgtffL
KKR Real Estate Finance Trust, which invests in commercial mortgages, slumped after the company slashed its dividend to help it deal with souring loans https://t.co/zWtT39Nqpl
$KREF KKR Real Estate Finance down 15% -Cuts dividend on troubled loans by 42% to 25c quarterly https://t.co/hNJVmLb1z0
The read-across shouldn't be ignored between $ABR & other lenders in the space, $NYCB just cut to junk. Arbor is in a lot more trouble. *NYCB SINKS 15% AFTER MOODY'S CUTS CREDIT GRADE TO JUNK* https://t.co/UHgqkybH0O