$5.42
Value $311M
KKR Real Estate Finance TrustvsSimon Property
KREF and SPG stock compared: price, dividend, valuation and results, from SEC filings.
+1.12%
$232.97
Value $76.0B
KKR Real Estate Finance Trust (KREF) has a market value of $311M and Simon Property (SPG) $76.0B. Over the last year, with dividends, KREF moved -27.2% and SPG +32.6%. Dividend yield: KREF 12.92%, SPG 3.82%.
At a glance
The main figures of both. A bar only shows which number is larger, not which is better.
Market value
KREF$311M
SPG$76.0B
SPG is 245 times KREF
Revenue, 12 months
KREF$85M
SPG$7.2B
SPG is 84 times KREF
Net income, 12 months
KREF-$200M
SPG$4.5B
Operating margin
KREF–
SPG45.9%
ROIC
KREF-15.0%
SPG8.1%
23.1 points apart
P/E
KREF–
SPG16.9
Dividend yield
KREF12.9%
SPG3.8%
9.1 points apart
5-year return
KREF-57.1%
SPG+84.5%
141.6 points apart
A fainter bar means a negative number. The 5-year return includes dividends.
The price over time
Both start at 100 at the beginning of the period, so the lines show how much each changed. With dividends means each dividend buys more shares.
KREF-57.1%
SPG+84.5%
| Period | KREFWith dividends | SPGWith dividends |
|---|---|---|
| 1 year since November 12, 2025 | -27.2%Price -34.1% | +32.6%Price +26.7% |
| 3 years since November 13, 2023 | -35.3%-13.5% a yearPrice -52.4% | +133.5%+32.7% a yearPrice +101.6% |
| 5 years since November 12, 2021 | -57.1%-15.6% a yearPrice -74.9% | +84.5%+13.0% a yearPrice +41.4% |
Each cell: the total return with dividends, its yearly rate, and the price change alone. Before taxes and costs. Past returns do not predict future ones.
Every figure
As on each company's page. A description, not a recommendation: no one figure says which is better.
KREFKKR Real Estate Finance TrustSPGSimon Property
Valuation
KREFSPG| Price | $5.42 | $232.97 |
|---|---|---|
| Market value | $311M | $76.0B |
| Enterprise value (EV) | $2.5B | $104B |
| P/E | – | 16.9 |
| P/E, 5-year median | – | 20.4 |
| P/B | 0.3 | 18.8 |
| EV/EBIT | – | 31.7 |
| Free cash flow yield | – | 4.4% |
Results and growth
KREFSPG| Revenue, 12 months | $85M | $7.2B |
|---|---|---|
| Net income, 12 months | -$200M | $4.5B |
| Free cash flow, 12 months | – | $3.4B |
| Earnings per share, 12 months | -$3.51 | $13.86 |
| Revenue growth, year on year | -1.8% | 6.7% |
| Revenue growth a year, past | +21.6%over 3 years | +6.7%over 5 years |
| EPS growth a year, past | – | +31.6%over 5 years |
Margins and returns on capital
KREFSPG| Gross margin | – | – |
|---|---|---|
| Operating margin | – | 45.9% |
| Net margin | -235.6% | 63.0% |
| ROIC | -15.0% | 8.1% |
| ROE | -18.7% | 107.7% |
Balance sheet
KREFSPG| Cash | $166M | $570M |
|---|---|---|
| Total debt | $2.4B | $29.1B |
| Net debt / EBITDA | – | 5.9 |
| Interest cover | – | 2.9× |
Dividends and buybacks
KREFSPG| Dividend yield | 12.9% | 3.8% |
|---|---|---|
| Dividend per share, 12 months | $0.70 | $8.90 |
| Dividend growth a year, past | – | +7.3%over 5 years |
| Buyback yield | 14.0% | 0.3% |
| Shareholder yield | 26.9% | 4.1% |
Last 12 months from the latest 10-Q and 10-K. Value, P/E and yields at today's price. A dash means the figure does not exist or did not pass our checks.
Which is bigger, KKR Real Estate Finance Trust or Simon Property?
By market value, Simon Property ($76.0B) is about 244.8 times KKR Real Estate Finance Trust ($311M), at today's prices.
How did KREF and SPG stock do over the last 5 years?
Since November 12, 2021, KREF's price moved -74.9% and SPG's +41.4%. With dividends: KREF -57.1% (-15.6% a year), SPG +84.5% (+13.0% a year). Past returns do not predict future ones.
Which pays the higher dividend, KREF or SPG?
The dividend yield at today's price is 12.92% for KKR Real Estate Finance Trust and 3.82% for Simon Property. Over the last twelve months they paid $0.70 and $8.90 per share.
Which has the higher profit margins, KKR Real Estate Finance Trust or Simon Property?
Over the last twelve months, the net margin was -235.6% for KKR Real Estate Finance Trust and 63.0% for Simon Property, and the operating margin – and 45.9%. Revenue was $85M and $7.2B.
Which is the better investment, KKR Real Estate Finance Trust or Simon Property?
The page does not answer that and does not suggest buying or selling. It puts the two companies' numbers side by side, from their SEC filings, for you to read and form your own view. The decision depends on your goals and situation.
Other comparisons
With each of the two, and with the largest in its sector.
Related pages
The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.
US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.
Descriptive data from SEC filings and market prices.