KKR Real Estate Finance Trust Investor Presentation Deck

Integrated Global Real Estate Platform Founded in 2011 and fully integrated across both Real Estate Debt and Equity, as well as the Americas, Europe, and Asia Real Estate Equity $53B of Asset Value (2) Real Estate Loans $44B of Collateral Value(¹) Integrated Real Estate Platform Own or lend on $196B RE assets CMBS $98B Underlying Asset Value (¹) Note: As of June 30, 2022 unless otherwise noted. Numbers may not sum due to rounding. Foreign exchange rates as of May 27, 2022 (1) Represents implied value based on weighted average LTV of respective strategies (2) Represents current gross asset value across all KKR real estate transactions; strategies include Real Estate Partners Americas, Real Estate Partners Europe, Asia Real Estate Partners, Property Partners Americas, Property Partners Europe, Asia Property Partners, KKR Real Estate Select Trust (credit investments in KREST are represented in the Real Estate Loans or Real Estate CMBS Securities totals, as applicable), KJR Management, KRE RESDOC Americas, KRE RESDOC Europe, Global Atlantic assets, Private Equity funds, Special Situations, trophy single tenant investments in KKR Credit accounts, and Balance Sheet investments KREF 7

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