KKR Real Estate Finance (KREF) vs TPG RE Finance (TRTX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
KKR Real Estate Finance (KREF) has outperformed TPG RE Finance (TRTX) over the past year, losing 27.8% versus a loss of 30.5%. Over five years, TRTX leads with a -53.6% price change compared with -71.7% for KREF. TPG RE Finance is the larger company by market cap ($457.5 million vs $364.9 million), about 1.3 times the size.
On valuation, TPG RE Finance trades at a lower forward P/E (5.4x vs 178.0x for KKR Real Estate Finance). TPG RE Finance offers the higher dividend yield (16.11% vs 13.64%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | KREF | TRTX |
|---|---|---|
| Share price | $6.23 | $5.96 |
| Market cap | $364.94M | $457.54M |
| 1-day change | -0.48% | -1.49% |
| YTD return | -24.21% | -30.78% |
| 1-year return | -27.81% | -30.54% |
| 5-year return | -71.68% | -53.58% |
| P/E ratio (TTM) | — | 11.04 |
| Forward P/E | 178.00 | 5.41 |
| EPS (TTM) | $-3.24 | $0.54 |
| Dividend yield | 13.64% | 16.11% |
| Annual dividend | $0.85 | $0.96 |
| 52-week high | $9.11 | $9.37 |
| 52-week low | $5.25 | $5.85 |
| Distance from 52-week high | -31.58% | -36.39% |
| Analyst consensus | buy | none |
| Avg. price target upside | +24.40% | +65.77% |
| Average volume | 937.30K | 903.28K |
| Shares outstanding | 58.58M | 76.77M |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Mortgage | REIT - Mortgage |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TPG RE Finance offers a meaningfully higher dividend yield (16.11% vs 13.64%).
About KKR Real Estate Finance
KREF stock →KKR Real Estate Finance Trust Inc., a mortgage real estate investment trust, focuses primarily on originating and acquiring transitional senior loans secured by commercial real estate (CRE) assets in the United States. It engages in the origination and purchase of credit investments related to CRE, including leveraged and unleveraged commercial real estate loans.
Real Estate · REIT - Mortgage
About TPG RE Finance
TRTX stock →TPG RE Finance Trust, Inc., a commercial real estate finance company, originates and acquires a portfolio of commercial real estate-related assets in the United States. It engages in directly originating and selectively acquiring first mortgage loans secured by commercial real estate properties; and invests in other commercial real estate-related debt instruments, including subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments.
Real Estate · REIT - Mortgage
KREF vs TRTX FAQ
Which is bigger, KKR Real Estate Finance or TPG RE Finance?
TPG RE Finance (TRTX) is larger, with a market capitalization of $457.54M compared with $364.94M for KKR Real Estate Finance (KREF).
Which stock has performed better over the past year, KREF or TRTX?
KREF returned -27.81% over the past 12 months, compared with -30.54% for TRTX (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, KKR Real Estate Finance or TPG RE Finance?
TPG RE Finance has the higher yield at 16.11%, compared with 13.64% for KKR Real Estate Finance.
Are KKR Real Estate Finance and TPG RE Finance in the same industry?
Yes. Both are classified in the REIT - Mortgage industry within the Real Estate sector.