{
  "docId": "019de515-0310-7377-be7c-6af535d26cf8",
  "docSlug": "f6408a644a917101faa3ffd48fcc40d5",
  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 26 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": "2023-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 5,
  "pageCount": 26,
  "prevPage": 4,
  "nextPage": 6,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 26,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de515-0310-7377-be7c-6af535d26cf8/5",
  "deckHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8",
  "deckJsonHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8.json",
  "deckAnchorHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8#slide-5",
  "components": [
    {
      "bbox": {
        "h": 0.09,
        "w": 0.87,
        "x": 0.08,
        "y": 0.85
      },
      "kind": "source-note",
      "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 obligation, less cash to (ii) total permanent equity, in each case, at period end\n(5) Book value per share includes CECL allowance of $111 million or ($1.61) per common share",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9eded69-3296-4c88-9fdb-7b6d69d81f10",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.58,
        "w": 0.44,
        "x": 0.05,
        "y": 0.19
      },
      "kind": "table",
      "text": "Income Statement\n($ in Millions) 4Q'22\nNet Interest Income $51.9\nOther Income 4.8\nOperating Expenses (15.4)\nReversal of Credit Losses 3.8\nRealized Write-off (25.0)\nPreferred Stock Dividends (5.3)\nOther (0.2)\nNet Income Attributable to Common Stockholders $14.6\nNet Income per Share, Diluted $0.21\nDistributable Earnings (1) $12.4\nDistributable Earnings per Share, Diluted(1) $0.18\nDividend per Share $0.43\nDiluted Weighted Average Shares Outstanding 69,109,790",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "30cdc7d2-187a-45d3-b49f-31ef0db16432",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.66,
        "w": 0.44,
        "x": 0.51,
        "y": 0.19
      },
      "kind": "table",
      "text": "Balance Sheet\n($ in Millions) 4Q'22\nTotal Portfolio (2) $7,916.4\nTerm Credit Facilities 1,436.2\nTerm Lending Agreements 1,391.5\nAsset Specific Financing 311.5\nSecured Term Loan 346.5\nConvertible Notes 143.8\nTotal Debt $3,629.5\nTerm Loan Facility 631.6\nCollateralized Loan Obligations 1,942.8\nTotal Leverage $6,203.9\nCash 239.8\nTotal Equity 1,571.4\nCommon Shareholders' Equity 1,243.8\nDebt-to-Equity Ratio (3) 2.0x\nTotal Leverage Ratio (4) 3.8x\nBook Value per Share (5) $18.00\nShares Outstanding 69,095,011",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3ad6dcf-f9e1-470a-b9b2-a6ae3330ab40",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.56,
        "x": 0.05,
        "y": 0.09
      },
      "kind": "title",
      "text": "4Q'22 Financial Summary",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f0756c58-a3cc-4243-ad33-9826148f5bb4",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Table data",
      "slug": "table-data",
      "agent": null,
      "layer": "slide",
      "matchId": "3e983696-18cd-4a26-9dbb-1ea46387ade7",
      "evidence": "table/data: Balance Sheet($ in Millions) 4Q'22Total Portfolio (2) $7,916.4Term Credit Facilities 1,436.2Term Lending Agreements 1,391.5Asset Specific Financing 311.5Secured Term Loan 346.5Convertible Notes 143.8T",
      "confidence": 0.9
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 7,
      "from": 5,
      "beatId": "3b95576a-4305-4d20-a912-feaf110f65fa",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Need",
      "beatSlug": "monroes-sequence-need",
      "evidence": "The deck presents financial summaries and loan activity",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": "Complication",
      "parentBeatSlug": "complication"
    }
  ],
  "loops": [
    {
      "to": 16,
      "from": 5,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "be795f39-4486-4f28-88d0-c7dbc75d512b",
      "evidence": "The deck emphasizes the portfolio's positioning for a higher rate environment",
      "position": 0,
      "objective": "Highlighting the benefits of KREF's current strategy",
      "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
}