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  "documentTitle": "KKR Real Estate Finance Trust | Results Presentation Deck | 26 slides",
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  "presentationDate": "2024-10-01 00:00:00",
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      "text": "Liquidity & Capitalization\n$638 million of available liquidity, including $109 million of cash and $475 million of undrawn capacity on the corporate revolver\nRepaid $268 million in financing, net, reducing debt-to-equity ratio and total leverage ratio to 1.8x and 3.8x, respectively\nDiversified financing sources totaling $8.3 billion with $3.0 billion of undrawn capacity\n79% of secured financing is fully non-mark-to-market and the remaining balance is mark-to-credit only\nExtended the final maturity date of a $1 billion term credit facility to September 2029\nNo final facility maturities until 2026 and no corporate debt due until 2027",
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      "text": "Portfolio\n$6.7 billion predominantly senior loan portfolio with a weighted average unlevered all-in yield (3) of 8.3%\nMultifamily and industrial assets represent 60% of loan portfolio\nReceived $290 million in loan repayments\nFunded $55 million in loan principal\nCollected 100% of interest payments\nWeighted average risk rating of 3.2\nMonitoring five watch list loans, including one office asset",
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      "text": "Financials\n3Q 2024 Net Loss (1) of ($0.19) per diluted share\n(includes a CECL provision of $38 million, or ($0.55) per diluted share)\n3Q 2024 Distributable Earnings (2) of $0.37 per diluted share\nBook Value per Share (\"BVPS\") of $14.84 per share\n(includes a CECL allowance of $151 million, or ($2.17) per share as of September 30, 2024, representing 238 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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      "kind": "title",
      "text": "Third Quarter 2024 Highlights",
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