{ "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": 19, "pageCount": 39, "prevPage": 18, "nextPage": 20, "slideType": "other", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 26, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-9c79-7734-8123-9cb4f758122a/19", "deckHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a", "deckJsonHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a.json", "deckAnchorHref": "/decks/019de518-9c79-7734-8123-9cb4f758122a#slide-19", "components": [ { "bbox": { "h": 0.32, "w": 0.46, "x": 0.505, "y": 0.19 }, "kind": "chart", "text": "Risk Rating Distribution Loan Count 0 2 54 4 1 90% 0% 1% 6% 3% 1 2 3 4 5 Weighted Average Risk Rating(2): 3.1", "attrs": {}, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "24f3519c-9135-41c2-a43d-169b5b41b12d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.32, "w": 0.46, "x": 0.04, "y": 0.19 }, "kind": "chart", "text": "Loan-to-Value(1) 2Q '24 20% 30% 25% 21% 4% 0-60% 60-65% 65-70% 70-75% 75-80% Weighted Average LTV(2): 65%", "attrs": {}, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "40c21fc8-eeb2-491f-90f4-5565e83d68f6", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.32, "w": 0.46, "x": 0.04, "y": 0.53 }, "kind": "chart", "text": "3Q '24 20% 28% 26% 22% 4% 0-60% 60-65% 65-70% 70-75% 75-80% Weighted Average LTV(2): 65%", "attrs": {}, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5145b70c-e0e7-4e7e-bec8-986873032948", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.32, "w": 0.46, "x": 0.505, "y": 0.53 }, "kind": "chart", "text": "Loan Count 0 1 51 2 3 90% 0% <1% 3% 6% 1 2 3 4 5 Weighted Average Risk Rating(2): 3.2", "attrs": {}, "subkind": "bar-vertical", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7da6a723-a7c4-4025-855c-bec6cc04f616", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.07, "x": 0.053, "y": 0.93 }, "kind": "image", "text": "KREF", "attrs": {}, "subkind": "logo", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "22ecd2f3-ea6c-4907-af73-ec0d78803de1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.45, "x": 0.053, "y": 0.91 }, "kind": "list", "text": "Weighted average is weighted by current principal amount", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7916a901-6f12-45db-a9f9-c82ff4afb2f1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.026, "w": 0.85, "x": 0.053, "y": 0.88 }, "kind": "list", "text": "LTV is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated. Weighted average LTV excludes risk-rated 5 loans. 2Q'24 weighted average LTV includes non-consolidated senior interests", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f9434b6b-4709-4831-a98c-3efc747f6c0c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.66, "x": 0.053, "y": 0.146 }, "kind": "paragraph", "text": "Collected 100% of interest payments due on the loan portfolio", "attrs": {}, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "62fa910e-eeb7-4989-b8d6-1d4c461f477e", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.013, "w": 0.45, "x": 0.053, "y": 0.863 }, "kind": "source-note", "text": "Note: The charts above are based on percentage of our loan portfolio", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "c1d40f6c-80e3-497b-a8f1-8ca629c5800c", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.04, "w": 0.62, "x": 0.053, "y": 0.07 }, "kind": "title", "text": "Portfolio Credit Quality Overview", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "9d627cfd-041c-40e9-90d3-a8a76d92122a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Chartjunk Elimination", "slug": "chartjunk-elimination", "agent": "Designer", "layer": "slide", "matchId": "97bdafe0-4efa-43fc-b461-8c569ea98aa6", "evidence": "chart/bar-vertical: Risk Rating Distribution Loan Count 0 2 54 4 1 90% 0% 1% 6% 3% 1 2 3 4 5", "confidence": 0.7 } ], "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" } ], "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... (Inevitable conclusion)", "confidence": 0.7, "description": "Build an airtight chain of logic where each premise leads inevitably to the conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }