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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": "2023-10-01 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 8.9%\nMultifamily and industrial assets represent 55% of loan portfolio\nWeighted average risk rating of 3.2\nFunded $165 million for loans closed in previous quarters\nReceived $152 million in loan repayments\nCollected 96% of interest payments due in 3Q\nMonitoring seven watch list loans, including six office assets",
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      "text": "3Q Net Income (1) of $0.31 per diluted share (includes a CECL provision of $9 million, or ($0.13) per diluted share)\n3Q Distributable Earnings (2) of $0.25 per diluted share (includes a write-off of $15 million, or ($0.22) per diluted share)\nBook Value per Share (\"BVPS\") of $16.29 per share, compared to $16.38 per share as of 2Q'23 (includes a CECL allowance of $222 million, or ($3.21) per share, representing 293 basis points of loan principal balance)",
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      "text": "$716 million of available liquidity, including $108 million of cash and $500 million undrawn capacity on the corporate revolver\nDiversified financing sources totaling $8.9 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\nNo corporate debt or final facility maturities due until 4Q'25",
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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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