KKR Real Estate Finance Trust Investor Presentation Deck

KKR Real Estate Finance Trust Inc. Overview Best In Class Portfolio Im $5.6 Billion Investment Portfolio 3 98.3% Senior Loans $132 Million Average Loan Commitment 83% Multifamily & Office 13.0% Unfunded Purpose built portfolio of senior loans secured primarily by lighter transitional, institutional multifamily and office properties owned by high quality sponsors. (3) (4) Figures represent AUM across all KKR real estate transactions. Conservative Balance Sheet $6.1 Billion Financing Capacity 76% Fully Non-Mark-to-Market (¹) $634 Million Current Liquidity (2) Conservative liability management focused on diversified non-mark-to-market financing capacity Fully Integrated with KKR 26% KKR Ownership in KREF $367 Billion $23 Billion Global AUM(3) Balance Sheet(³) $28 Billion Real Estate AUM(3) (4) (1) Based on outstanding face amount of secured financing, including non-consolidated senior interests, and excludes convertible notes and the corporate revolving credit facility. 100% of financings are non-mark-to-capital markets marks. (2) Includes $119.2 million in cash, $335.0 million undrawn corporate revolver capacity, and $138.8 million of available borrowings based on existing collateral. As of March 31, 2021. 114 Real Estate Professionals One firm culture that rewards investment discipline, creativity, determination and patience and emphasizes the sharing of information, resources, expertise and best practices KKR REAL ESTATE FINANCE TRUST

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