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  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 24 slides",
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  "authorName": "KKR Real Estate Finance Trust",
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  "presentationDate": "2023-07-01 00:00:00",
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      "text": "$7.9 billion predominantly senior loan portfolio with a weighted average unlevered all-in yield(3) of 8.8%\nMultifamily and industrial assets represent 56% of loan portfolio\nWeighted average risk rating of 3.2\nFunded $177 million for loans closed in previous quarters\nReceived $339 million in loan repayments\nCollected 99% of interest payments due in 2Q\nMonitoring eight watch list loans, including seven office assets",
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      "text": "$800 million of available liquidity, including $208 million of cash and $560 million undrawn capacity on the corporate revolver\nDiversified financing sources totaling $8.9 billion with $2.8 billion of undrawn capacity\n76% of secured financing is fully non-mark-to-market and the remaining balance is mark-to-credit only\nRepaid $144 million of convertible notes\nUpsized a $240 million term credit facility facility to $400 million\nNo corporate debt or final facility maturities due until 4Q'25",
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      "text": "2Q Net Loss(1) of ($0.37) per diluted share (includes a CECL provision of $56 million, or ($0.82) per diluted share)\n2Q Distributable Earnings(2) of $0.48 per diluted share\nQTD and YTD dividend coverage ratio of 1.1x\nBook Value per Share (\"BVPS\") of $16.38 per share, compared to $17.16 per share as of 1Q'23 (includes a CECL allowance of $228 million, or ($3.30) per share, representing 304 basis points of loan principal balance)",
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      "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",
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      "text": "Second Quarter 2023 Highlights",
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