{
  "docId": "019de50f-8f12-72b2-a11f-e9484591284c",
  "docSlug": "8695f2399195ee811b21b8d4fb24b882",
  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 33 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR Real Estate Finance Trust",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2020-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 17,
  "pageCount": 33,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "kpi_overview",
  "function": "analyze_data",
  "density": "dense",
  "nDataPoints": 32,
  "notes": "The slide presents two distinct sets of financial data: income/earnings metrics and dividend/book value metrics across four quarters of 2019.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de50f-8f12-72b2-a11f-e9484591284c/17",
  "deckHref": "/decks/019de50f-8f12-72b2-a11f-e9484591284c",
  "deckJsonHref": "/decks/019de50f-8f12-72b2-a11f-e9484591284c.json",
  "deckAnchorHref": "/decks/019de50f-8f12-72b2-a11f-e9484591284c#slide-17",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.45,
        "x": 0.05,
        "y": 0.3
      },
      "kind": "chart",
      "text": "Net Income and Net Core Earnings by quarter",
      "attrs": null,
      "subkind": "bar-grouped",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6ba7eac1-f824-4f20-9666-0bca6b15323b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.5,
        "w": 0.45,
        "x": 0.52,
        "y": 0.3
      },
      "kind": "chart",
      "text": "Annualized dividend yield based on book value per share",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5d620129-7190-4132-9312-9e4020cfa7ce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.85,
        "x": 0.05,
        "y": 0.88
      },
      "kind": "disclaimer",
      "text": "(1) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP. (2) Represents Net Income attributable to common stockholders. (3) Book value per share includes the YTD impact of a $1.2 million, or $0.02 per common share, non-cash redemption value adjustment to our redeemable SNVPS, resulting in a cumulative (since issuance of the SNVPS) decrease of $1.7 million to our book value as of December 31, 2019.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f51f34b-bf9f-4616-95f7-804d059a7391",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.92,
        "x": 0.05,
        "y": 0.12
      },
      "kind": "list",
      "text": "4Q'19 Net Income attributable to common stockholders of $24.8 million or $0.43 per diluted share; 2019 Net Income attributable to common stockholders of $90.5 million or $1.57 per diluted share. 4Q'19 Net Core Earnings of $25.5 million or $0.44 per diluted share; 2019 Net Core Earnings of $96.3 million or $1.67 per diluted share. Book value of $1,122.0 million or $19.52 per share in 4Q'19 compared to $1,122.0 million or $19.54 per share in 3Q'19. Paid 4Q dividend of $0.43 per share on January 15, 2020, equating to an 8.0% annualized dividend yield based on KREF common stock closing price of $21.42 as of February 18, 2020 and 8.8% based on 4Q'19 book value per share.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "95809d3a-7f99-45ad-88ce-e423bf5c5bef",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.45,
        "x": 0.05,
        "y": 0.06
      },
      "kind": "title",
      "text": "Recent Operating Performance",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6fcc503b-4145-46ac-be2b-4105a7c5c83a",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "304dc573-8e5b-4b61-903c-d8f5a30b1865",
      "evidence": "chart/bar-vertical: Annualized dividend yield based on book value per share, chart/bar-grouped: Net Income and Net Core Earnings by quarter",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 19,
      "from": 10,
      "beatId": "b8208156-a342-401e-8d71-b26fce75728b",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "Financials",
      "beatSlug": "sequoia-pitch-financials",
      "evidence": "The document provides detailed financial information, including loan activity, portfolio credit quality, and operating performance.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Evidence",
      "parentBeatSlug": "evidence"
    }
  ],
  "loops": [
    {
      "to": 19,
      "from": 10,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "ee80f094-ae44-4f6f-a77f-68c95aa0b4da",
      "evidence": "The document presents financial information and case studies, highlighting the potential risks and costs of not investing in KREF.",
      "position": 1,
      "objective": "The cost of not investing in KREF",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}