KKR Real Estate Finance Trust Investor Presentation Deck
Recent Operating Performance
($ in Millions)
1Q'22
Net Income and Distributable Earnings
Net income (loss)(¹):
$29.8
(1)
(2)
$19.4
Distributable earnings (²):
$29.8
$33.1
2Q'22
$0.46 $0.47
1Q'22
$0.28
$0.48
2Q'22
3Q'22
($48.4)
$34.4
($0.70)
$0.50
3Q'22
Net Income (Loss) per Diluted Share
Distributable Earnings per Diluted Share
4Q'22
$14.6
$12.4
$0.43
$0.21 $0.18
(3)
4Q'22⁹)
Represents Net income (loss) attributable to common stockholders
See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP
(3) 4Q'22 Distributable earnings before realized losses on loan write-offs is $0.54 per share
KREF
1Q'22
Dividend per share:
$0.43
Dividends and Book Value Per Share
$19.46
1Q'22
2Q'22
$0.43
$0.43
Dividend yield on book value per share:
8.8%
8.9%
9.4%
$19.36
3Q'22
2Q'22
$18.28
3Q'22
Book Value per Share
4Q'22
$0.43
9.6%
$18.00
4Q'22
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