KKR Real Estate Finance Trust Investor Presentation Deck

Multifamily and Office Loan Overview 70% Multifamily: 50% of Loan Portfolio $131 mm Average Loan Size 2019 59% W.A. Occupancy at Closing 73% 1Q20 W.A. Occupancy 74% 70% W.A. LTV 84% (¹) W.A. Occupancy Current 2Q20 77% 3Q20 3% Construction Loans 2019 Median Year Built Multifamily 74% 4Q20 Note: Data as of June 30, 2021. (1) Based on most recent data available from our borrowers as of June 30, 2021. 19 76% 1Q21 84% 2Q21 77% Office: 33% of Loan Portfolio $165 mm Average Loan Size 74% W.A. Occupancy at Closing 2019 75% li 1Q20 77% (¹) W.A. Occupancy Current W.A. Occupancy 78% 63% W.A. LTV 2Q20 73% 3Q20 1% Co-Working Exposure 6.0 years W.A. Remaining Lease Term Office 73% 4Q20 74% 1Q21 77% 2Q21 KKR REAL ESTATE FINANCE TRUST

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