{
  "docId": "019de515-72a3-76da-8d2d-1a3d31e539d3",
  "docSlug": "09e691b70ef0f048f05f7ff07b507253",
  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 24 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR Real Estate Finance Trust",
  "documentKindSlug": "research-note",
  "documentKindLabel": "Research note",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-04-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 4,
  "pageCount": 24,
  "prevPage": 3,
  "nextPage": 5,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 22,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de515-72a3-76da-8d2d-1a3d31e539d3/4",
  "deckHref": "/decks/019de515-72a3-76da-8d2d-1a3d31e539d3",
  "deckJsonHref": "/decks/019de515-72a3-76da-8d2d-1a3d31e539d3.json",
  "deckAnchorHref": "/decks/019de515-72a3-76da-8d2d-1a3d31e539d3#slide-4",
  "components": [
    {
      "bbox": {
        "h": 0.209,
        "w": 0.628,
        "x": 0.287,
        "y": 0.609
      },
      "kind": "list",
      "text": "$892 million of available liquidity, including $254 million of cash and $610 million undrawn capacity on the corporate revolver\nDiversified financing sources totaling $9.0 billion with $2.7 billion of undrawn capacity\n76% of secured financing is fully non-mark-to-market and the remaining balance is mark-to-credit only\nExtended a $600 million repurchase facility maturity date to December 2025 and a $500 million warehouse facility maturity date to March 2026\nExcluding match-term secured financing and subsequent to the convertible notes due May 2023, there are no debt maturities due until 2025",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "18c9673c-a44d-44a3-bd71-2b33c202ca2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.156,
        "w": 0.628,
        "x": 0.287,
        "y": 0.179
      },
      "kind": "list",
      "text": "1Q Net Loss (1) of ($0.45) per diluted share (includes a CECL provision of $60 million, or ($0.88) per diluted share)\n1Q Distributable Earnings (2) of $0.48 per diluted share\nBook Value per Common Share (\"BVPS\") of $17.16 per share, compared to $18.00 per share as of 4Q'22 (includes a CECL allowance of $172 million, or ($2.48) per share, representing 224 basis points of loan principal balance)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "9c59ffad-bfec-4dc3-9da0-e0a2c7811ce7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.196,
        "w": 0.628,
        "x": 0.287,
        "y": 0.38
      },
      "kind": "list",
      "text": "$8.0 billion predominantly senior loan portfolio with a weighted average unlevered all-in yield(3) of 8.5%\nMultifamily and industrial assets represent 57% of loan portfolio\nWeighted average risk rating of 3.2\nFunded $204 million relating to loans closed in previous quarters\nReceived $87 million in loan repayments\nCollected 100% of interest payments due in 1Q\nMonitoring seven watch list loans, including six office assets",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fde82e7f-8fd9-448c-ba1e-aa2b294670a1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.777,
        "x": 0.06,
        "y": 0.875
      },
      "kind": "source-note",
      "text": "(1) Represents Net Income or loss attributable to common stockholders\n(2) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP\n(3) Includes the amortization of deferred origination fees, loan origination costs and purchase discounts, and excludes loans accounted for under the cost recovery method",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2b716500-e0aa-4e94-ad13-80538611dbdd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.457,
        "x": 0.056,
        "y": 0.06
      },
      "kind": "title",
      "text": "First Quarter 2023 Highlights",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3570905d-0bda-4465-85e6-e42ae95e5794",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 1,
      "beatId": "405b008b-e177-4d69-b62d-8c4d19ec9345",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Setup",
      "beatSlug": "setup",
      "evidence": "The document's introductory slides providing an overview of the company and its financial performance",
      "position": 0,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 14,
      "from": 3,
      "beatId": "6fdea07d-87d3-4c78-afc9-0d2fbbcf4777",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "KPI Overview",
      "beatSlug": null,
      "evidence": "The document's slides providing key performance indicators and financial metrics",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}