KREF vs WELL: Which Is the Better Dividend Stock?
As of August 2026, WELL (Welltower Inc.) screens as the stronger dividend stock, winning 6 of 8 head-to-head metrics. KREF offers the higher yield at 5.28%, WELL has the higher dividend-safety score, and KREF trades at the larger discount to fair value (-28%).
| Metric | KREF | WELL |
|---|---|---|
| Forward yield | 5.28% | 1.42% |
| Annual dividend | $0.40 | $3.40 |
| Payout ratio | 588% | 133% |
| Years of growth | 0 yr | 2 yr |
| 5-yr dividend growth | -10.3% | 0.9% |
| 5-yr total return | -64% | 190% |
| Dividend safety score | 44 (D) | 66 (B) |
| Fair value estimate | $5.46 | $92.97 |
| Upside to fair value | -28% | -61% |
| Frequency | quarterly | quarterly |
| Market cap | $487.4M | $172.4B |
| P/E ratio | — | 107.8 |
Higher yield
KREF
5.28%
Safer dividend
WELL
Grade B
Faster growth
WELL
0.9%
Better value
KREF
-28% upside
KREF vs WELL — FAQ
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