Is KIM or KREF more undervalued in 2026?

CirclFi compares Kimco Realty Corporation (HC) (KIM) and KKR Real Estate Finance Trust I (KREF) using 13 institutional-grade valuation models. KIM has a Quality of Company score of 8.1/10 while KREF scores 5.1/10.

Which is a better buy — KIM or KREF?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do KIM and KREF valuations compare?

KIM at $24.08 and KREF at $6.67 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

KIM vs KREF Valuation Comparison 2026 — Intrinsic Value Analysis

KIM

Real Estate Investment Trusts

Kimco Realty Corporation (HC)

Quality

8.1

out of 10

Value Trap

SAFE

Price

$24.08

Last close

Models

13/13

Active

KREF

Real Estate Investment Trusts

KKR Real Estate Finance Trust I

Quality

5.1

out of 10

Value Trap

SAFE

Price

$6.67

Last close

Models

10/13

Active

Model-by-Model Comparison

Model	Type	KIM Fair Value	KIM Upside	KREF Fair Value	KREF Upside
Bayesian DCF	Intrinsic	$21.21	-11.9%	$16.05	+140.6%
Earnings Power Value	Intrinsic	$8.98	-62.7%	$3.59	-43.5%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for KIM vs KREF — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

KIM vs KREF — Which Stock Is More Undervalued?

KIM scores higher with a 8.1/10 quality rating vs KREF's 5.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Kimco Realty Corporation (HC) (KIM) and KKR Real Estate Finance Trust I (KREF) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

KIM currently trades at $24.08 with a QOC of 8.1/10, while KREF trades at $6.67 with a QOC of 5.1/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).