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  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 25 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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  "presentationDate": "2022-10-01 00:00:00",
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      "text": "KREF",
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      "text": "Financials\n3Q Net Loss(1) of ($0.70) per diluted share, which includes an unrealized CECL provision of $81 million, or ($1.16) per diluted share; and 3Q Distributable Earnings(2) of $0.50 per diluted share\nThe increase in the CECL allowance was primarily due to heightened market volatility and uncertainty, and reduced liquidity in the office sector\nBook Value per Common Share (\"BVPS\") of $18.28 per share, compared to $19.36 per share as of 2Q'22\nBook Value inclusive of a $115 million, or ($1.66) per share, CECL allowance",
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      "text": "Portfolio\n$7.7 billion predominantly senior loan portfolio\nMultifamily and industrial assets represent 56% of loan portfolio\nWeighted average risk rating of 3.1\nReceived $387 million in loan repayments and collected 100% of interest payments due in 3Q\nMonitoring five watch list loans, all of which are office assets; 5-risk rated loans represent 5% of loan portfolio",
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      "text": "Liquidity & Capitalization\nRepurchased 0.6 million shares at an average price per share of $17.42 for a total of $10 million; year-to-date as of October 24, 2022, KREF repurchased 2.1 million shares of common stock at an average price of $17.13 for a total of $36 million\nEntered into a new $266 million asset specific financing facility, which provides non-recourse matched term asset-based financing on a non-mark-to-market basis\nUpsized our $750 million term lending agreement to $1 billion, which provides matched-term asset-based financing on a non-mark-to-market basis\n76% of financing is fully non-mark-to-market and the remaining balance is mark-to-credit only\n$916 million of available liquidity, including $183 million of cash, $123 million of available borrowings based on existing collateral, and $610 million undrawn capacity on the corporate revolver\nIn October 2022, KREF entered into a new $125.0 million asset specific financing facility, which provides non-recourse matched term asset-based financing on a non-mark-to-market basis",
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      "text": "Originations\n3Q originations of 2 floating-rate senior loans totaling $458 million with $45 million of initial fundings\nFunded $180 million to loans closed in previous quarters",
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      "text": "Third Quarter 2022 Highlights",
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