5 Best and Reliable High Dividend REITs to Buy Now

4. KKR Real Estate Finance Trust Inc. (NYSE:KREF)

Dividend Yield as of August 23: 8.95%

KKR Real Estate Finance Trust Inc. (NYSE:KREF) is a mortgage real estate investment trust. The company pays a quarterly dividend of $0.43 per share. As of August 23, the stock’s dividend yield stood at 8.95%.

KKR Real Estate Finance Trust Inc. (NYSE:KREF)’s Q2 2022 results surpassed Street estimates on various accounts. The company posted an EPS of $0.48 and revenue of $50 million, which beat estimates by $0.06 and $8.37 million, respectively. The company’s cash generation also remained stable during the quarter as it reported $35.2 million in free cash flow in the period, up from $33 million in the previous quarter. In the first half of the year, KKR Real Estate Finance Trust Inc. (NYSE:KREF) paid nearly $30 million in dividends to shareholders, which shows its secure FCF.

At the end of Q2 2022, 10 hedge funds in Insider Monkey’s database owned stakes in KKR Real Estate Finance Trust Inc. (NYSE:KREF), the same as in the previous quarter. The collective value of these stakes is over $28.4 million.