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  "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 41 slides",
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      "text": "KREF",
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      "text": "(in thousands - except share and per share data)",
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      "text": "(1) Numbers presented may not foot due to rounding\n(2) Includes a $59 million write-off on a defaulted senior loan upon deed-in-lieu of foreclosure and a $15 million write-off of a subordinated loan during the year ended December 31, 2023. Includes a $25 million partial write-off of a defaulted senior loan during the year ended December 31, 2022. Includes a $32 million write-off upon taking title to the underlying collateral of a defaulted senior loan and a $1 million write-off of the remaining balance on an impaired mezzanine loan during the year ended December 31, 2021",
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      "text": "Year Ended\nDecember 31, 2023, Per Diluted Share(1), December 31, 2022, Per Diluted Share(1), December 31, 2021, Per Diluted Share(1)\nNet Income (Loss) Attributable to Common Stockholders $(53,919) $(0.78) $15,371 $0.23 $125,635 $2.21\nAdjustments\nNon-cash equity compensation expense 8,075 0.12 7,835 0.12 7,428 0.13\nUnrealized (gains) or losses, net 1,859 0.03 (1,326) (0.02) 1,059 0.02\nProvision for (reversal of) credit losses, net 175,116 2.53 112,373 1.66 (4,059) (0.07)\nNon-cash convertible notes discount amortization 133 361 0.01 361 0.01\nGain on redemption of non-voting manager units — — (5,126)\nDistributable Earnings before realized loss on loan write-offs $131,264 $1.90 $134,614 $1.99 $125,298 $2.21\nRealized loss on loan write-offs(2) (73,706) (1.07) (25,000) (0.37) (32,905) (0.58)\nDistributable Earnings (Loss) $57,558 $0.83 $109,614 $1.62 $92,393 $1.63\nWeighted average number of shares of common stock outstanding, diluted 69,180,039 67,553,578 56,783,388",
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