KKR Real Estate Finance Trust Results Presentation Deck
Consolidated Balance Sheets
(in thousands - except share and per share data)
Assets
Cash and cash equivalents(¹)
Commercial real estate loans, held-for-investment
Less: Allowance for credit losses
Commercial real estate loans, held-for-investment, net
Real estate owned, net
Equity method investments
Accrued interest receivable
Other assets (2) (3)
Total Assets
Liabilities and Equity
Liabilities
Secured financing agreements, net
Collateralized loan obligations, net
Secured term loan, net
Convertible notes, net
Dividends payable
Accrued interest payable
Accounts payable, accrued expenses and other liabilities (4)
Due to affiliates
Total Liabilities
Commitments and Contingencies
Permanent Equity
Preferred Stock, 50,000,000 shares authorized
Series A cumulative redeemable preferred stock, $0.01 par value, (13,110,000 and 6,900,000 shares issued and outstanding as of June 30, 2022
and December 31, 2021, respectively; liquidation preference of $25.00 per share)
Common stock, $0.01 par value, 300,000,000 authorized (74,599,550 and 65,271,058 shares issued; 69,654,532 and 61,370,732 shares
outstanding as of June 30, 2022 and December 31, 2021, respectively)
Additional paid-in capital
Accumulated deficit
Repurchased stock (4,945,018 and 3,900,326 shares repurchased as of June 30, 2022 and December 31, 2021, respectively)
Total KKR Real Estate Finance Trust Inc. stockholders' equity
Noncontrolling interests in equity of consolidated joint venture
Total Permanent Equity
Total Liabilities and Equity
$
$
$
June 30, 2022
(1) Includes $0.5 million and $54.0 million held in collateralized loan obligation as of June 30, 2022 and December 31, 2021, respectively
(2) Includes $7.7 million and $2.3 million of restricted cash as of June 30, 2022 and December 31, 2021, respectively
(3) Includes $2.8 million and $1.5 million of expected loss reserve for unfunded loan commitments as of June 30, 2022 and December 31, 2021, respectively
KREF
118,020
7,473,101
(31,529)
7,441,572
79,168
36,782
22,498
15,569
7,713,609
3,569,581
1,931,605
337,609
142,538
29,915
9,837
7,782
8,298
6,037,165
131
697
1,802,725
(48,158)
(79,070)
1,676,325
119
1,676,444
7,713,609
$
$
$
December 31, 2021
271,487
6,316,733
(22,244)
6,294,489
78,569
35,537
15,241
7,916
6,703,239
3,726,593
1,087,976
338,549
141,851
26,589
6,627
7,521
5,952
5,341,658
69
613
1,459,959
(38,208)
(60,999)
1,361,434
147
1,361,581
6,703,239
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