KKR Real Estate Finance Trust Investor Presentation Deck
KREF Loan Portfolio by the Numbers
($ in Millions)
$4,134
4Q'18
4-
18%
Total Portfolio Growth
$5,075
4Q'19
Other <5%: 21%
$4,998
4Q'20
Geography (¹)
16%
$6,792
4Q'21
5% 10%
5%
8%
11%
$7,916
4Q'22
6% Washington, D.C.
Investment Type(2)
Class-B
8%
Senior
Loans
99%
Non-Senior
1%
Class-A
92%
Industrial
12%
Office (5)
Life Science
7%
Property Type
Hospitality
5%
(3)
AN
LEED
85%
(4)
Other
5%
Office
26%
Interest Rate Type
100% Floating
LIBOR
45%
Multifamily
45%
SOFR
55%
Multifamily
Class-B
33%
Class-A
67%
Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans
(1) Map excludes a $40 million real estate corporate loan and one real estate owned asset with a net carrying value of $80 million
(2) Senior loans include senior mortgages and similar credit quality loans, including related contiguous junior participations in senior loans where KREF has financed a loan with structural leverage through the
non-recourse sale of a corresponding first mortgage
(3)
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
(4) "Other" property types include: 3% Condo (Residential), 1% Student Housing, <1% Single Family Rental, <1% Self-Storage
(5)
Office property certification % is based on current principal loan balance; see description for LEED certification in the appendix
KREF
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