(CercleFinance.com) – Jefferies maintains its buy recommendation and its price target at $49.93.
For the analyst, the real estate sector represents an opportunity to take shares, while infrastructure is a more constrained sector in terms of capital.
KKR’s $61 billion integrated real estate platform was built largely organically, with equal shares of real estate equity ($31 billion) and real estate lending ($30 billion).
In total, the platform owns or lends ~181 billion dollars in real estate assets ‘, notes the brokers for whom, if it is true that there is a risk of congestion in some of these segments, ‘ the fundamentals remain solid and mortgages have a particularly attractive risk/return profile’.
Finally notes Jefferies, ‘The KKR Real Estate Select Trust has been structured as a 40-Act REIT, which allows it to benefit from favorable tax treatment and experience offering monthly distributions and quarterly liquidity’.
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