SUNS vs GPMT vs TPVG vs BXMT vs KREF

For growth investors, Granite Point Mortgage Trust Inc.

(GPMT) is the stronger pick with 187. 8% revenue growth year-over-year, versus -22. 7% for KKR Real Estate Finance Trust Inc. (KREF). TriplePoint Venture Growth BDC Corp. (TPVG) offers the better valuation at 4. 9x trailing P/E (6. 5x forward), making it the more compelling value choice. Analysts rate KKR Real Estate Finance Trust Inc. (KREF) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, TriplePoint Venture Growth BDC Corp.

(TPVG) is the cheapest at 4. 9x versus Blackstone Mortgage Trust, Inc. at 29. 9x. On forward P/E, TriplePoint Venture Growth BDC Corp. is actually cheaper at 6. 5x.

Over the past 5 years, Blackstone Mortgage Trust, Inc.

(BXMT) delivered a total return of -4. 1%, compared to -65. 3% for Granite Point Mortgage Trust Inc. (GPMT). Over 10 years, the gap is even starker: TPVG returned +93. 3% versus GPMT's -50. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Blackstone Mortgage Trust, Inc.

(BXMT) is the lower-risk stock at 0. 74β versus Granite Point Mortgage Trust Inc. 's 1. 44β — meaning GPMT is approximately 94% more volatile than BXMT relative to the S&P 500. On balance sheet safety, Sunrise Realty Trust, Inc. (SUNS) carries a lower debt/equity ratio of 67% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Granite Point Mortgage Trust Inc.

(GPMT) is pulling ahead at 187. 8% versus -22. 7% for KKR Real Estate Finance Trust Inc. (KREF). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to -652. 6% for KKR Real Estate Finance Trust Inc.. Over a 3-year CAGR, GPMT leads at 22. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

TriplePoint Venture Growth BDC Corp.

(TPVG) is the more profitable company, earning 50. 6% net margin versus -28. 3% for Granite Point Mortgage Trust Inc. — meaning it keeps 50. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TPVG leads at 77. 9% versus 43. 6% for GPMT. At the gross margin level — before operating expenses — SUNS leads at 90. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, TriplePoint Venture Growth BDC Corp.

(TPVG) trades at 6. 5x forward P/E versus 12. 0x for Blackstone Mortgage Trust, Inc. — 5. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SUNS: 97. 8% to $15. 25.

All stocks in this comparison pay dividends.

TriplePoint Venture Growth BDC Corp. (TPVG) offers the highest yield at 17. 1%, versus 9. 9% for Blackstone Mortgage Trust, Inc. (BXMT).

For long-horizon retirement investors, Blackstone Mortgage Trust, Inc.

(BXMT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 9. 9% yield). Both have compounded well over 10 years (BXMT: +50. 5%, GPMT: -50. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

These companies operate in different sectors (SUNS (Real Estate) and GPMT (Real Estate) and TPVG (Financial Services) and BXMT (Real Estate) and KREF (Real Estate)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.

In terms of investment character: SUNS is a small-cap high-growth stock; GPMT is a small-cap high-growth stock; TPVG is a small-cap high-growth stock; BXMT is a small-cap income-oriented stock; KREF is a small-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.