KKR Real Estate Finance Trust Results Presentation Deck
Portfolio Details
($ in Millions)
#
Senior Loans (¹)
1 Senior Loan
Senior Loan
Senior Loan
4 Senior Loan
Senior Loan
Senior Loan
2
3
56789
26
27
28
29
30
31
32
33
34
35
36
37
38
39
Investment
10
11
12
Senior Loan
13
Senior Loan
14
Senior Loan
15 Senior Loan
16 Senior Loan
17 Senior Loan
18
Senior Loan
19
Senior Loan
20
Senior Loan
21
Senior Loan
22
Senior Loan
23
Senior Loan
24
Senior Loan
25
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
40
41
42
Senior Loan
45
46
47
48
49
50
Senior Loan
Senior Loan (9)
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
43 Senior Loan
44
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Senior Loan
Location
Arlington, VA
Bellevue, WA
Los Angeles, CA
Boston, MA
Mountain View, CA
New York, NY
Bronx, NY
Various
Various
Minneapolis, MN
Washington, D.C.
Boston, MA
Chicago, IL
*See footnotes on subsequent page
18
The Woodlands, TX
Philadelphia, PA
Washington, D.C.
West Palm Beach, FL
Chicago, IL
Boston, MA
Philadelphia, PA
New York, NY
Oakland, CA
Plano, TX
Seattle, WA
Boston, MA
Dallas, TX
Fort Lauderdale, FL
Fontana, CA
Irving, TX
Cambridge, MA
Pittsburgh, PA
Las Vegas, NV
Doral, FL
San Diego, CA
Orlando, FL
Brisbane, CA
State College, PA
Dallas, TX
Miami, FL
Denver, CO
Dallas, TX
Charlotte, NC
New York, NY
Mesa, AZ
Hollywood, FL
Seattle, WA
Brooklyn, NY
Phoenix, AZ
Arlington, VA
Denver, CO
Property Type
Multifamily
Office
Multifamily
Life Science
Office
Condo (Resi)
Industrial
Multifamily
Industrial
Office
Office
Office
Multifamily
Hospitality
Office
Office
Multifamily
Office
Life Science
Office
Multifamily
Office
Office
Life Science
Multifamily
Office
Hospitality
Industrial
Multifamily
Life Science
Student Housing
Multifamily
Multifamily
Multifamily
Multifamily
Life Science
Student Housing
Multifamily
Multifamily
Multifamily
Office
Multifamily
Multifamily
Industrial
Multifamily
Office
Hospitality
Single Family Rental
Multifamily
Multifamily
Investment
Date
9/30/2021
9/13/2021
2/19/2021
5/24/2018
7/14/2021
12/20/2018
8/27/2021
5/31/2019
6/30/2021
11/13/2017
11/9/2021
2/4/2021
6/6/2019
9/15/2021
4/11/2019
12/20/2019
12/29/2021
7/15/2019
4/27/2021
6/19/2018
12/5/2018
10/23/2020
2/6/2020
10/1/2021
3/29/2019
12/10/2021
11/9/2018
5/11/2021
4/22/2021
12/22/2021
6/8/2021
12/28/2021
12/10/2021
10/20/2021
12/14/2021
7/22/2021
10/15/2019
12/23/2021
10/14/2021
6/24/2021
1/22/2021
12/14/2021
3/29/2018
5/4/2021
12/20/2021
3/20/2018
1/18/2019
4/22/2021
10/23/2020
9/14/2021
Total Whole
Loan (2)
$381.0
520.8
260.0
250.5
362.8
234.5
381.2
216.5
425.0
194.4
187.7
375.0
186.0
183.3
182.6
175.5
171.5
170.0
332.3
165.0
163.0
509.9
153.7
188.0
138.0
138.0
130.0
119.9
117.6
401.3
112.5
106.3
212.0
103.5
102.4
95.0
93.4
90.0
89.5
88.5
87.0
86.8
86.0
84.3
81.0
80.7
76.2
72.1
141.8
70.3
Committed
Principal Amount (2) Principal Amount
$381.0
260.4
260.0
250.5
250.0
234.5
228.7
216.5
212.5
194.4
187.7
187.5
186.0
183.3
182.6
175.5
171.5
170.0
166.2
165.0
163.0
159.7
153.7
140.3
138.0
138.0
130.0
119.9
117.6
115.7
112.5
106.3
106.0
103.5
102.4
95.0
93.4
90.0
89.5
88.5
87.0
86.8
86.0
84.3
81.0
80.7
76.2
72.1
70.9
70.3
Current
$352.9
61.0
249.7
243.6
184.1
210.7
97.5
215.3
3.7
194.4
111.9
187.5
179.5
168.3
156.9
119.7
169.2
136.6
123.1
165.0
148.0
106.5
131.0
87.3
137.0
135.8
130.0
43.2
108.9
50.6
112.5
102.0
106.0
103.5
88.9
85.0
85.3
77.5
89.5
88.5
87.0
76.0
86.0
57.0
81.0
80.7
76.2
15.7
70.9
69.3
Net
Equity (3)
$78.8
26.4
50.8
55.4
45.9
40.0
95.8
37.7
1.0
32.8
26.7
37.4
32.4
29.8
24.6
36.5
70.6
25.9
33.3
72.1
22.3
16.8
19.8
21.1
29.5
24.8
24.1
14.0
17.1
11.5
16.9
24.5
25.6
18.3
21.2
16.3
27.6
18.7
20.5
16.2
21.1
18.1
13.2
23.9
19.4
13.4
16.2
8.1
11.5
12.0
Future
Funding (4)
$28.1
199.4
10.3
6.9
65.9
23.8
131.2
1.2
208.8
75.8
3.6
15.0
25.7
55.8
2.3
33.4
43.1
15.0
8.3
22.7
53.0
1.0
2.2
76.7
8.7
65.1
4.3
13.5
10.0
8.1
12.5
10.8
27.3
56.4
1.0
Coupon (5) (6)
L + 3.2%
L + 3.6%
L + 3.6%
L + 3.2%
L + 3.3%
L + 3.6%
L + 4.1%
L + 3.1%
L + 5.4%
L+ 3.8%
L +3.3%
L +3.3%
L +3.6%
L + 4.2%
L + 2.6%
L + 3.4%
L + 2.7%
L + 3.3%
L + 3.6%
L + 2.5%
L + 2.6%
L + 4.3%
L + 2.7%
L+ 3.1%
L + 2.7%
L + 3.6%
L+3.4%
L + 4.6%
L +3.3%
L + 3.9%
L + 2.9%
L + 2.7%
L + 2.8%
L + 2.8%
L + 3.0%
L + 3.0%
L + 2.7%
L + 2.8%
L + 2.8%
L + 3.0%
L +3.3%
L + 3.0%
L + 4.0%
L + 3.2%
L + 3.0%
L+ 4.1%
L + 2.9%
L + 4.8%
L+ 3.8%
L + 2.7%
Max Remaining
Term (Yrs) (5) (7)
4.8
5.3
4.2
2.0
4.6
2.0
4.7
2.4
4.5
0.9
4.9
4.1
2.4
4.8
2.4
3.0
5.0
2.6
4.4
1.5
1.9
3.9
3.1
4.8
2.3
4.9
1.9
4.4
4.4
5.0
4.4
5.0
4.9
4.9
5.0
4.6
2.9
5.0
4.9
4.5
4.1
5.0
1.3
4.4
5.0
1.3
2.1
4.4
3.8
4.8
Loan Per
SF / Unit / Key
$317,965 / unit
$ 200 / SF
$ 465,874 / unit
$ 521 / SF
$ 599 / SF
$1,316 / SF
$ 118 / SF
$ 201,206 / unit
$ 8/ SF
$ 179 / SF
$ 321 / SF
$ 506 / SF
$364,837 / unit
$ 185,155 / key
$ 219 / SF
$ 586 / SF
$ 208,405 / unit
$ 131 / SF
$ 511 / SF
$ 169 / SF
$ 556,391 / unit
$ 306 / SF
$ 182 / SF
$ 555 / SF
$ 351,282 / unit
$ 432 / SF
$375,723 / key
$ 37 / SF
$ 119,949 / unit
$ 469 / SF
$ 155,602 / bed
$ 193,182 / unit
$ 335,975 / unit
$ 448,052 / unit
$ 234,565 / unit
$ 734 / SF
$ 71,474/ bed
$ 238,488 / unit
$ 304,422 / unit
$ 295,000/unit
$ 288 / SF
$206,522 / unit
$ 462,366 / unit
$ 66/ SF
$327,935 / unit
$ 468 / SF
$ 389,000/ key
$ 34,268 / unit
$393,858 / unit
$ 286,157 / unit
LTV (5)(8)
69%
63%
68%
53%
73%
71%
52%
74%
74%
65%
55%
71%
72%
64%
68%
58%
73%
59%
66%
71%
77%
65%
63%
69%
63%
68%
66%
64%
70%
51%
74%
61%
77%
71%
74%
71%
64%
67%
76%
77%
65%
74%
63%
55%
74%
56%
69%
50%
73%
78%
Risk
Rating
JWA Wwww
3
3
3
2
3
3
3
3
3
3
3
3
3
3
3
3
2
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
3
2
JWWA Www N
3
4
3
3
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation