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  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 24 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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      "text": "KKR REAL ESTATE FINANCE TRUST",
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      "text": "$700.6 million of available liquidity(4), including $301.4 million of cash and $335.0 million undrawn on the corporate revolver\n78% of financing is fully non-mark-to-market and the remaining balance is only mark-to-credit\nExecuted a $300.0 million senior secured Term Loan B\nNet repayments of $309.8 million on financing facilities including net repayments of $50.0 million on corporate revolver",
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      "text": "Net income(1) of $0.56 per diluted share, Core Earnings(2) of $0.58 per diluted share\nBook value(3) of $18.73 per share, compared to $18.57 per share in 2Q'20\nEarnings benefited from low LIBOR given in-place rate floors; approximately 98% of the loan portfolio is subject to LIBOR floor of at least 0.95% with a weighted average floor of 1.86%, resulting in book value accretion\nBook value(3) per share inclusive of ($1.16) per share CECL credit loss allowance",
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      "text": "$5.0 billion predominantly senior loan portfolio\nWeighted average risk rating of 3.1\nMultifamily and office assets represent 83% of loan portfolio; only 8% of portfolio is comprised of hospitality and retail assets\nReceived $273.1 million in loan repayments and funded $50.6 million in additional fundings on previously originated loans\nCollected 99.8% and 99.7% of interest payments due on loan portfolio in 3Q'20 and October 2020, respectively\nOriginated three floating-rate senior loans totaling $270.6 million in October 2020",
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      "text": "Note: Net income attributable to common stockholders per share and Core Earnings per share are based on diluted weighted average shares outstanding for the quarter ended September 30, 2020; book value per share is based on shares outstanding as of September 30, 2020.\n(1) Represents Net Income attributable to common stockholders.\n(2) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP.\n(3) Book value per share includes the year-to-date (\"YTD\") impact of a ($0.3) million, or $0.01 per common share, non-cash redemption value adjustment to our redeemable Special Non-Voting Preferred Stock ('SNVPS'), resulting in a cumulative (since issuance of the SNVPS) decrease of $2.0 million to our book value as of September 30, 2020.\n(4) Comprised of $301.4 million in cash (inclusive of $12.0 million held in our CLO), $335.0 million undrawn corporate revolver capacity, $22.2 million approved and undrawn secured financing facilities, and $42.0 million of loan repayment held by servicer and receivable by our CLO as of September 30, 2020.",
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      "text": "3Q'20 Key Highlights",
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