{ "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": 9, "pageCount": 26, "prevPage": 8, "nextPage": 10, "slideType": "kpi_overview", "function": "summarize", "density": "overcrowded", "nDataPoints": 26, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de515-0310-7377-be7c-6af535d26cf8/9", "deckHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8", "deckJsonHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8.json", "deckAnchorHref": "/decks/019de515-0310-7377-be7c-6af535d26cf8#slide-9", "components": [ { "bbox": { "h": 0.302, "w": 0.459, "x": 0.052, "y": 0.145 }, "kind": "chart", "text": "Total Portfolio Growth ($ in Millions) 4Q'18: $4,134, 4Q'19: $5,075, 4Q'20: $4,998, 4Q'21: $6,792, 4Q'22: $7,916", "attrs": null, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "67db76ea-0947-47f3-8666-9b51d1141966", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.189, "w": 0.189, "x": 0.76, "y": 0.63 }, "kind": "chart", "text": "Multifamily Class-A 67%, Class-B 33%", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "106d2849-6b44-45ae-aec9-5fc3ba851194", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.189, "w": 0.189, "x": 0.54, "y": 0.63 }, "kind": "chart", "text": "Office (5) Class-A 92%, Class-B 8%, LEED 85%", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "3780e2e7-0e93-43d2-b2e4-5ec4ce2b12ec", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.189, "x": 0.54, "y": 0.145 }, "kind": "chart", "text": "Investment Type (2) Non-Senior 1%, Senior Loans 99%", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "baeb73a8-a9f5-4df1-b2ec-01c7f712aa73", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.25, "w": 0.189, "x": 0.76, "y": 0.145 }, "kind": "chart", "text": "Interest Rate Type 100% Floating LIBOR 45%, SOFR 55%", "attrs": null, "subkind": "donut", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e7395bd1-a200-4a0d-a53b-b03e2b15d623", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.319, "w": 0.43, "x": 0.088, "y": 0.498 }, "kind": "chart", "text": "Geography (1) 18%, 16%, 11%, 8%, 6% Washington, D.C., 5%, 5%, 5%, 10%, Other <5%: 21%", "attrs": null, "subkind": "map", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a8f77ddd-c16c-4d78-bd04-6345e1c4e9ff", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.21, "w": 0.409, "x": 0.54, "y": 0.42 }, "kind": "chart", "text": "Property Type Multifamily 45%, Office 26%, Industrial 12%, Life Science (3) 7%, Hospitality 5%, Other (4) 5%", "attrs": null, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f74d59e0-ce37-4ee3-b2b6-62f8b4d9c423", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.85, "x": 0.088, "y": 0.863 }, "kind": "source-note", "text": "(2) Senior loans include senior mortgages and similar credit quality loans, including related contiguous junior participations in senior loans where KREF has financed a loan with structural leverage through the non-recourse sale of a corresponding first mortgage", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "21dc0b03-1057-492e-add5-2089bf6950f5", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.85, "x": 0.088, "y": 0.826 }, "kind": "source-note", "text": "Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5ccb5d2e-ecb7-4e49-bc77-cca3f9e0013e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.85, "x": 0.088, "y": 0.849 }, "kind": "source-note", "text": "(1) Map excludes a $40 million real estate corporate loan and one real estate owned asset with a net carrying value of $80 million", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9efa7c4e-e6db-4baa-bca8-f3108fd60805", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.85, "x": 0.088, "y": 0.917 }, "kind": "source-note", "text": "(5) Office property certification % is based on current principal loan balance; see description for LEED certification in the appendix", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f1fc0ddf-844c-4e0a-90e1-141d361b443c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.85, "x": 0.088, "y": 0.903 }, "kind": "source-note", "text": "(4) \"Other\" property types include: 3% Condo (Residential), 1% Student Housing, <1% Single Family Rental, <1% Self-Storage", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f47a5af0-57d6-41ef-9c59-4a4dbedcc16e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.85, "x": 0.088, "y": 0.89 }, "kind": "source-note", "text": "(3) KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "fc642596-93b1-4dd8-bb43-5c3392568a36", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [], "arcBeats": [ { "to": 16, "from": 8, "beatId": "e51ba2b8-7bb1-4f57-9030-05b160c3d6b7", "arcName": "Monroe's Motivated Sequence", "arcSlug": "monroes-sequence", "beatName": "Satisfaction", "beatSlug": "monroes-sequence-satisfaction", "evidence": "The deck provides portfolio details and credit quality overview", "position": 2, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" } ], "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 }