{
  "docId": "019de515-b606-7273-87eb-772338262fdd",
  "docSlug": "1bf8264060274ed922dd14a344530975",
  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 41 slides",
  "authorId": "kkr-real-estate-finance-trust",
  "authorName": "KKR",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-05-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.2938006,
  "pageNumber": 40,
  "pageCount": 41,
  "prevPage": 39,
  "nextPage": 41,
  "slideType": "appendix_data",
  "function": "analyze_data",
  "density": "overcrowded",
  "nDataPoints": 36,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 0.9,
  "imagePath": null,
  "slideHref": "/slides/019de515-b606-7273-87eb-772338262fdd/40",
  "deckHref": "/decks/019de515-b606-7273-87eb-772338262fdd",
  "deckJsonHref": "/decks/019de515-b606-7273-87eb-772338262fdd.json",
  "deckAnchorHref": "/decks/019de515-b606-7273-87eb-772338262fdd#slide-40",
  "components": [
    {
      "bbox": {
        "h": 0.025,
        "w": 0.06,
        "x": 0.055,
        "y": 0.93
      },
      "kind": "image",
      "text": "KREF",
      "attrs": {},
      "subkind": "logo",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3d55adcd-9d91-4805-a4fb-191c039319d9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.81,
        "x": 0.055,
        "y": 0.905
      },
      "kind": "source-note",
      "text": "(4) Includes a $25 million write-off on a portion of a $161 million defaulted senior office loan that was deemed uncollectible during the three months ended December 31, 2022",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "00da92d4-5cdd-48aa-a88b-d91f614920c6",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.68,
        "x": 0.055,
        "y": 0.89
      },
      "kind": "source-note",
      "text": "(3) Includes primarily unrealized mark-to-market adjustment to CMBS B-Pieces held through an equity method investment",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5af4cbd4-e0aa-4244-82e5-e2bc776b717b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.75,
        "x": 0.055,
        "y": 0.875
      },
      "kind": "source-note",
      "text": "(2) Diluted weighted average common shares outstanding for Distributable Earnings excludes 6,316,174 potentially issuable shares under assumed conversion of the Convertible Notes",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "674d6f36-f82f-4ff6-98a7-4387b653352c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.013,
        "w": 0.302,
        "x": 0.055,
        "y": 0.86
      },
      "kind": "source-note",
      "text": "(1) Numbers presented may not foot due to rounding",
      "attrs": {
        "numbered": true
      },
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f1c8cce1-012b-4978-941a-6f7e0e8d65d7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.016,
        "w": 0.34,
        "x": 0.055,
        "y": 0.184
      },
      "kind": "subtitle",
      "text": "(in thousands - except share and per share data)",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "47631015-50f9-4a89-89a0-d12ca5548fd2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.369,
        "w": 0.895,
        "x": 0.05,
        "y": 0.21
      },
      "kind": "table",
      "text": "Three Months Ended\nMarch 31, 2023\nPer Diluted Share(1)\nDecember 31, 2022\nPer Diluted Share(1)\nMarch 31, 2022\nPer Diluted Share(1)\nNet Income (Loss) Attributable to Common Stockholders\n$ (30,810)\n$ (0.45)\n$ 14,602\n$ 0.21\n$ 29,796\n$ 0.46\nPer share impact from exclusion of potentially issuable shares under assumed\nconversion of the Convertible Notes(2)\n0.01\nAdjustments\nNon-cash equity compensation expense\n2,152\n0.03\n1,494\n0.02\n2,126\n0.03\nUnrealized (gains) or losses, net (3)\n1,173\n0.02\n(25)\n(1,032)\n(0.02)\nProvision for (reversal of) credit losses, net\n60,467\n0.88\n21,189\n0.31\n(1,218)\n(0.02)\nNon-cash convertible notes discount amortization\n89\n91\n89\nDistributable Earnings before realized loss on loan write-offs\n$ 33,071\n$ 0.48\n$ 37,351\n$ 0.54\n$ 29,761\n$ 0.47\nRealized loss on loan write-offs(4)\n(25,000)\n(0.36)\nDistributable Earnings\n$ 33,071\n$ 0.48\n$ 12,351\n$ 0.18\n$ 29,761\n$ 0.47\nWeighted average number of shares of common stock outstanding, diluted (2)\n69,095,011\n69,109,790\n63,086,452",
      "attrs": {},
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f2da1b77-410a-479c-aee8-8e70efd3a1f5",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.09,
        "w": 0.64,
        "x": 0.055,
        "y": 0.075
      },
      "kind": "title",
      "text": "Reconciliation of GAAP Net Income (Loss) to\nDistributable Earnings",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a7bfea95-e4eb-470a-8713-07e5e7c79e71",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}