KREF-P-A vs SAFE

Comparison between KKR Real Estate Finance Trust Inc 6.50 Series A Cumulative Redeemable Preferred Stock (KREF-P-A, Company) and Safehold Inc (SAFE, Company).

5-Year PerformanceKREF-P-A has outperformed SAFE, delivering a return of +0.5% compared to -24.9%

KREF-P-A vs SAFE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KREF-P-A(COMPANY)	SAFE(COMPANY)
Market Cap	$1.13B	$1.13B
Max Drawdown	42.21%	86.48%
Sharpe Ratio	-0.16	0.21
5Y Beta	0.17	0.66
Industry	N/A	Reit - Diversified
P/E Ratio	-11.57	9.92
Forward P/E	N/A	9.48
PEG Ratio	N/A	1.13
Dividend Yield	N/A	4.47%
5Y Dividends CAGR	50.13%	6.41%
Debt to Equity	0.00%	193.42%
Free Cash Flow Yield	6.14%	2.68%
P/S Ratio	N/A	2.75
P/B Ratio	N/A	0.47

Market Cap

Winner

KREF-P-A

$1.13B

SAFE

$1.13B

Max Drawdown

Winner

KREF-P-A

42.21%

SAFE

86.48%

Sharpe Ratio

KREF-P-A

-0.16

Winner

SAFE

0.21

5Y Beta

Winner

KREF-P-A

0.17

SAFE

0.66

Industry

KREF-P-A

N/A

SAFE

Reit - Diversified

P/E Ratio

Winner

KREF-P-A

-11.57

SAFE

9.92

Forward P/E

KREF-P-A

N/A

SAFE

9.48

PEG Ratio

KREF-P-A

N/A

SAFE

1.13

Dividend Yield

KREF-P-A

N/A

SAFE

4.47%

5Y Dividends CAGR

Winner

KREF-P-A

50.13%

SAFE

6.41%

Debt to Equity

Winner

KREF-P-A

0.00%

SAFE

193.42%

Free Cash Flow Yield

Winner

KREF-P-A

6.14%

SAFE

2.68%

P/S Ratio

KREF-P-A

N/A

SAFE

2.75

P/B Ratio

KREF-P-A

N/A

SAFE

0.47

KREF-P-A vs SAFE - Historical Returns

Returns include dividend reinvestment.

Period	KREF-P-A	SAFE
1 month	-0.17%	+3.81%
3 months	+3.62%	+8.74%
6 months	+1.54%	+15.07%
1 year	+0.79%	+5.72%
5 years(CAGR)	+0.52%	-24.89%
10 years(CAGR)	N/A	+0.57%
Max(CAGR)	+0.64%	+0.57%

KREF-P-A

-0.17%

Winner

SAFE

+3.81%

KREF-P-A

+3.62%

Winner

SAFE

+8.74%

KREF-P-A

+1.54%

Winner

SAFE

+15.07%

KREF-P-A

+0.79%

Winner

SAFE

+5.72%

5Y(CAGR)

Winner

KREF-P-A

+0.52%

SAFE

-24.89%

10Y(CAGR)

KREF-P-A

N/A

SAFE

+0.57%

Max(CAGR)

Winner

KREF-P-A

+0.64%

SAFE

+0.57%

KREF-P-A vs SAFE - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	KREF-P-A	SAFE
2026	+1.98%	+17.51%
2025	+1.73%	-23.38%
2024	+13.92%	-19.31%
2023	+15.59%	-16.41%
2022	-30.90%	-63.51%
2021	+2.00%	+14.02%
2020	N/A	+85.78%
2019	N/A	+123.56%
2018	N/A	+8.25%
2017	N/A	-5.76%

KREF-P-A vs SAFE Drawdown Comparison

The maximum drawdown for KREF-P-A was -34.92%, occurring on Dec 28, 2022. Recovery took 802 trading sessions.

The maximum drawdown for SAFE was -84.72%, occurring on Nov 20, 2025. This drawdown has not yet recovered.

The current KREF-P-A drawdown is -10.79%. The current SAFE drawdown is -80.57%.

Rank	KREF-P-A	SAFE
#1	-34.92% Jun 30, 2021 - Sep 9, 2024	-84.72% Aug 5, 2021 - Nov 20, 2025
#2	-19.07% Sep 16, 2024 - Apr 15, 2025	-36.80% Mar 5, 2020 - Jun 17, 2020
#3	-2.86% Apr 26, 2021 - Jun 10, 2021	-26.78% Jun 17, 2020 - Oct 12, 2020
#4	-0.41% Jun 22, 2021 - Jun 30, 2021	-20.49% Feb 16, 2021 - Jul 12, 2021
#5	-0.04% Jun 11, 2021 - Jun 15, 2021	-19.14% Jul 21, 2017 - Jun 5, 2018
#6	N/A	-18.87% Jul 29, 2019 - Oct 4, 2019
#7	N/A	-18.30% Jul 5, 2018 - Nov 29, 2018
#8	N/A	-15.34% Nov 29, 2018 - Feb 22, 2019
#9	N/A	-9.76% Dec 5, 2019 - Jan 21, 2020
#10	N/A	-9.73% Oct 23, 2020 - Dec 15, 2020
#11	N/A	-9.32% Jun 4, 2019 - Jul 3, 2019
#12	N/A	-6.57% May 22, 2019 - Jun 4, 2019
#13	N/A	-5.41% Dec 17, 2020 - Dec 24, 2020
#14	N/A	-5.36% Oct 30, 2019 - Nov 13, 2019
#15	N/A	-5.29% Jan 26, 2021 - Feb 5, 2021