KKR Real Estate Finance Trust Results Presentation Deck
Portfolio Repositioning for Higher Rate Environment
• 100% of the loan portfolio is indexed to one-month USD LIBOR
• 54% of the portfolio is subject to a LIBOR floor of at least 0.25% and 9% of total outstanding financing, including the Secured Term
Loan, is subject to a LIBOR floor greater than 0.0%
• Portfolio weighted average LIBOR floor of 0.74%
Ongoing portfolio rotation out of higher rate-floor loans is positioning KREF to benefit from a rising rate environment
Net Interest Income Per Share Quarterly Sensitivity to LIBOR
●
16
$0.10
$0.05
$0.00
- $0.05
- $0.10
-$0.15
($ Impact Per Share / Q)
$0.02 $0.02 $0.02
LIBOR = 0.00%
LIBOR as of
12/31/2021
0.10%
2021 Loan Portfolio
$0.00
3Q21 Loan Portfolio
LIBOR
0.25%
($0.03)
($0.02 ($0.01)
0.50%
■4Q21 Loan Portfolio
($0.07)
($0.02)
($0.04)
0.75%
($0.03)
($0.05)
($0.11)
1.00%
($0.04)
($0.06)
($0.14)
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation