{
  "docId": "019de510-121f-7332-9095-74a9cf61c3b7",
  "docSlug": "254207d1994a70def104b84ca8fd9131",
  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 24 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": "2020-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 23,
  "pageCount": 24,
  "prevPage": 22,
  "nextPage": 24,
  "slideType": "revenue_buildup",
  "function": "decompose_segments",
  "density": "overcrowded",
  "nDataPoints": 36,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de510-121f-7332-9095-74a9cf61c3b7/23",
  "deckHref": "/decks/019de510-121f-7332-9095-74a9cf61c3b7",
  "deckJsonHref": "/decks/019de510-121f-7332-9095-74a9cf61c3b7.json",
  "deckAnchorHref": "/decks/019de510-121f-7332-9095-74a9cf61c3b7#slide-23",
  "components": [
    {
      "bbox": {
        "h": 0.059,
        "w": 0.07,
        "x": 0.879,
        "y": 0.908
      },
      "kind": "image",
      "text": "KKR REAL ESTATE FINANCE TRUST",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "17621987-dcfa-4fed-a586-7cfa99bef3a6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.701,
        "x": 0.079,
        "y": 0.704
      },
      "kind": "paragraph",
      "text": "Although pursuant to the Company's Management Agreement, KREF calculates the incentive compensation and base management fees due to its Manager using Core Earnings before incentive compensation, beginning with the first quarter of 2020, the Company revised its definition of Core Earnings for reporting purposes to be net of incentive compensation.",
      "attrs": {},
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b4dc504-4daa-4930-9492-878474a3b298",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.017,
        "x": 0.058,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "23",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d7558de-ee60-4cf0-8d49-cdc5fc22e7d1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.069,
        "w": 0.77,
        "x": 0.058,
        "y": 0.879
      },
      "kind": "source-note",
      "text": "(1) Includes ($0.3) million, $0.2 million and $0.1 million non-cash redemption value adjustment of our SNVPS during 3Q'20, 2Q'20 and 3Q'19, respectively.\n(2) Includes $0.1 million and $0.8 million of unrealized loss on RECOP I, an equity method investment, during 3Q'20 and 2Q'20, respectively.\n(3) Represents the add back of $0.4 million GAAP net loss recognized during 3Q'19, offset by $0.2 million of loss representing the difference between cost and sales proceeds.\n(4) Recasted 3Q'19 Core Earnings per Weighted Average Share, Basic and Diluted, to reflect changes in the definition of Core Earnings for reporting purposes. See Appendix page 24 for definitions.",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1b02456-a257-4e85-946c-7a86d036578a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.56,
        "w": 0.82,
        "x": 0.055,
        "y": 0.12
      },
      "kind": "table",
      "text": "Net Income (Loss) Attributable to Common Stockholders, Adjustments, Non-cash equity compensation expense, Unrealized (gains) or losses, CECL provision for credit losses, net, Non-cash convertible notes discount amortization, Mezzanine loan write-off, Reversal of previously unrealized loss now realized, Core Earnings, Weighted Average Shares Outstanding, Basic, Diluted, Core Earnings per Weighted Average Share, Basic, Core Earnings per Weighted Average Share, Diluted",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "90d733c1-3745-4c48-a454-a11d4547549c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.026,
        "w": 0.602,
        "x": 0.058,
        "y": 0.066
      },
      "kind": "title",
      "text": "Reconciliation of GAAP Net Income to Core Earnings",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96a58709-e0f3-4300-9115-3410e36b37cd",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "6a37f19a-678a-4992-b080-c5232fb343ec",
      "evidence": "table/data: Net Income (Loss) Attributable to Common Stockholders, Adjustments, Non-cash equity compensation expense, Unrealized (gains) or losses, CECL provision for credit losses, net, Non-cash convertible notes discou",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 23,
      "from": 22,
      "beatId": "3deb6254-cec5-4226-8f65-825f5fb1a032",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Revenue Buildup",
      "beatSlug": null,
      "evidence": "The document provides a buildup of the company's revenue.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}