{ "docId": "019de518-9c79-7734-8123-9cb4f758122a", "docSlug": "2458e3a60a52815ea03154dee942cd81", "documentTitle": "KKR Real Estate Finance Trust | Investor Presentation Deck | 39 slides", "authorId": "kkr-real-estate-finance-trust", "authorName": "KKR Real Estate Finance Trust", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-10-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.2938006, "pageNumber": 15, "pageCount": 39, "prevPage": 14, "nextPage": 16, "slideType": "other", "function": "establish_context", "density": "overcrowded", "nDataPoints": 30, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-9c79-7734-8123-9cb4f758122a/15", "deckHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a", "deckJsonHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a.json", "deckAnchorHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a#slide-15", "components": [ { "bbox": { "h": 0.305, "w": 0.46, "x": 0.058, "y": 0.149 }, "kind": "chart", "text": "Total Portfolio(1) ($ in Millions) $4,998 4Q'20, $6,792 4Q'21, $7,916 4Q'22, $7,752 4Q'23, $6,711 3Q'24", "attrs": { "title": "Total Portfolio", "x_axis_label": "Quarter", "y_axis_label": "$ in Millions" }, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "64ffafd6-555f-48cd-8127-62ad36855cf6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.16, "x": 0.55, "y": 0.63 }, "kind": "chart", "text": "Office: Class-A 91%, Class-B 9%", "attrs": { "title": "Office" }, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2164d466-147f-4fdf-b9e4-5fa2bc00276b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.3, "x": 0.62, "y": 0.41 }, "kind": "chart", "text": "Property Type: Hospitality 4%, Life Science 11%, Industrial 15%, Office 20%, Multifamily 45%, Other 5%", "attrs": { "title": "Property Type" }, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "30e954fe-5845-4adc-812c-6388d6ff3179", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.16, "x": 0.79, "y": 0.63 }, "kind": "chart", "text": "Multifamily: Class-A 73%, Class-B 27%", "attrs": { "title": "Multifamily" }, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "68c85640-f37c-4c43-b678-6bf50a00a301", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.16, "x": 0.76, "y": 0.149 }, "kind": "chart", "text": "Interest Rate Type: Fixed 1%, Floating 99%", "attrs": { "title": "Interest Rate Type" }, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "71217f1e-dbc7-433f-86d4-d5f3e40004b6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.16, "x": 0.55, "y": 0.149 }, "kind": "chart", "text": "Investment Type: Senior Loans 100%", "attrs": { "title": "Investment Type" }, "subkind": "pie", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "caef4d45-07b2-4298-a571-f812f73e962a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.07, "x": 0.058, "y": 0.92 }, "kind": "image", "text": "KREF", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5aa75f67-5c11-470f-9ac8-8ed1ca60de90", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.05, "x": 0.66, "y": 0.67 }, "kind": "image", "text": "LEED", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "acc287a2-c36f-44dc-bfba-6c90fc5a5783", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.31, "w": 0.42, "x": 0.09, "y": 0.47 }, "kind": "image", "text": "Geography: 19%, 4%, 16%, 8%, 5%, 8%, 4% Washington, D.C., 4%, 12%, 4%, Other <4%: 16%", "attrs": { "title": "Geography" }, "subkind": "map", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "27e8f872-a813-4646-be73-32a14ca09b74", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.07, "w": 0.61, "x": 0.058, "y": 0.85 }, "kind": "list", "text": "(1) Includes loans, real estate owned and equity method investments\n(2) KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space\n(3) \"Other\" property types include: 2% Self-Storage, 2% Student Housing and <1% Mixed Use\n(4) Office property certification % is based on current principal loan balance; see description for LEED certification in the Appendix", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2ce468fb-93e8-4154-bb69-52e036d20f58", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.05, "x": 0.67, "y": 0.72 }, "kind": "metric", "text": "89%", "attrs": {}, "subkind": "big-number", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a5c2ad52-c48f-4ab7-a1aa-830f5247cfb7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.62, "x": 0.058, "y": 0.07 }, "kind": "title", "text": "KREF Loan Portfolio by the Numbers", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "da5b0121-4b68-4dd1-b8c2-037d4ad9104d", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "2x2 matrix", "slug": "matrix-2x2", "agent": null, "layer": "slide", "matchId": "833bef45-913a-45a1-8c78-a7a7eacc9e1d", "evidence": "chart/pie: Property Type: Hospitality 4%, Life Science 11%, Industrial 15%, Office 20%, Multifamily 45%, Other 5%", "confidence": 0.5 } ], "frameworks": [], "arcBeats": [ { "to": 20, "from": 14, "beatId": "5e2c0348-2a00-41c8-8201-0a1e4ab76ba9", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Solution", "beatSlug": "sequoia-pitch-solution", "evidence": "The document presents a detailed solution on slides 14-20", "position": 1, "confidence": 0.8, "parentBeatName": "Turn", "parentBeatSlug": "turn" }, { "to": 15, "from": 15, "beatId": "b3494919-f748-47c8-bac6-e245458a582b", "arcName": "The Sequoia Pitch", "arcSlug": "sequoia-pitch", "beatName": "Market Size", "beatSlug": "sequoia-pitch-market-size", "evidence": "The document provides market size information on slide 15", "position": 2, "confidence": 0.8, "parentBeatName": "Evidence", "parentBeatSlug": "evidence" } ], "loops": [ { "to": 30, "from": 4, "name": "Logic Chain", "slug": "01-logic-chain", "bestFor": "Skeptical audiences, controversial recommendations, rigorous analysis", "matchId": "c49a9747-ecd6-4534-9bc2-af8a80b37928", "evidence": "The document presents a clear logic chain from slides 4-30", "position": 0, "objective": "To demonstrate the investment thesis", "structure": "Premise 1 (Accepted truth) -> Premise 2 (Observed fact) -> Therefore... 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