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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": "(1) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP\n(2) Represents the principal amount on senior and mezzanine/other loans including non-consolidated senior interests, one real estate owned asset and CMBS B-Pieces held through an equity method investment\n(3) Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end\n(4) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligations, less cash to (ii) total permanent equity, in each case, at period end\n(5) Book value per share includes CECL allowance of $115 million or ($1.66) per common share",
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      "text": "Income Statement\n($ in Millions)\nNet Interest Income $47.3\nOther Income 3.8\nOperating Expenses (13.5)\nProvision for Credit Losses (80.6)\nPreferred Stock Dividends (5.3)\nOther (0.5)\nNet Income Attributable to Common Stockholders ($48.4)\nDiluted Weighted Average Shares Outstanding 69,382,730\nNet Income per Share, Diluted ($0.70)\nDistributable Earnings (1) $34.4\nDiluted Weighted Average Shares Outstanding 69,382,730\nDistributable Earnings per Share, Diluted (1) $0.50\nDividend per Share $0.43",
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      "text": "Balance Sheet\n($ in Millions)\nTotal Portfolio (2) $7,726.2\nTerm Credit Facilities 1,423.4\nTerm Lending Agreements 1,342.6\nAsset Specific Financing 138.2\nSecured Term Loan 347.4\nConvertible Notes 143.8\nTotal Debt $3,395.4\nTerm Loan Facility 584.0\nCollateralized Loan Obligations 1,942.8\nTotal Leverage $5,922.2\nCash 183.3\nTotal Permanent Equity 1,595.2\nCommon Shareholders' Equity 1,267.5\nDebt-to-Equity Ratio (3) 1.9x\nTotal Leverage Ratio (4) 3.6x\nShares Outstanding 69,338,283\nBook Value per Share (5) $18.28",
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