KKR Real Estate Finance Trust Investor Presentation Deck

Case Studies: 4Q'22 Loan Originations Investment Loan Type Investment Date Collateral Location Loan Size Loan Purpose Basis Coupon (¹) LTV(2) Max Remaining Term (Yrs.) Asset Photos National Self Storage Floating-Rate Senior Loan December 2022 11 Asset, 12k Unit, 1.5 Million RSF Self Storage Portfolio National $160 million (3) Acquisition $34/SF + 3.8% 61% 5.0 $eurspace Miami Multifamily Floating-Rate Senior Loan October 2022 282-Unit Class A Multifamily Rental Property Miami, FL $110 million Acquisition $333k/ unit + 3.8% 51% 4.9 (1) (2) (3) The total whole loan is $320 million, co-originated and co-funded by KREF and a KKR affiliate. KREF's interest was 50% of the loan, or $160 million KREF Coupon expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable for each loan LTV based on total commitment amount divided by the as-stabilized value as of the date the loan was originated North Carolina Multifamily Floating-Rate Senior Loan November 2022 390-Unit Class A Multifamily Rental Property Cary, NC $100 million Acquisition $239k / unit + 3.4% 63% 4.9 22

View entire presentation