KKR Real Estate Finance Trust: Insider Spending US$251k to Purchase Shares Amid Unprofitable Year

KKR Real Estate Finance Trust CEO & Director Matthew Salem recently spent $251k to buy 31,900 shares at $7.84 per share, increasing their holding by 7.6%. This purchase was the largest insider purchase in the last 12 months. Insiders own 2.3% of KREF shares, worth $12m. The recent purchase is heartening, but the company's lack of profit in the last 12 months is a concern.