KKR Real Estate Finance Trust Investor Presentation Deck
Consolidated Balance Sheets
(in thousands - except share and per share data)
Assets
Cash and cash equivalents(¹)
Commercial mortgage loans, held-for-investment
Less: Allowance for credit losses
Commercial mortgage loans, held-for-investment, net
Equity method investments
Accrued interest receivable
Other assets(2)
Total Assets
Liabilities and Equity
Liabilities
Secured financing agreements, net
Collateralized loan obligation, net
Secured term loan, net
Convertible notes, net
Loan participations sold, net
Dividends payable
Accrued interest payable
Accounts payable, accrued expenses and other liabilities (3)
Due to affiliates
Total Liabilities
Commitments and Contingencies
Temporary Equity
Redeemable preferred stock
Permanent Equity
Preferred stock, 50,000,000 authorized (1 share with par value of $0.01 issued and outstanding as of September 30,
2020 and December 31, 2019)
Common stock, 300,000,000 authorized (55,491,405 and 57,486,583 shares with par value of $0.01 issued and
outstanding as of September 30, 2020 and December 31, 2019, respectively)
Additional paid-in capital
Accumulated deficit
Repurchased stock, 3,900,326 and 1,862,689 shares repurchased as of September 30, 2020 and December 31, 2019,
respectively
Total KKR Real Estate Finance Trust Inc. stockholders' equity
Total Permanent Equity
Total Liabilities and Equity
September 30, 2020
$
$
$
301,375
4,895,974
(62,735)
4,833,239
33,468
15,566
48,217
5,231,865
1,951
555
December 31, 2019
2,846,350 $
808,311
287,878
140,115
66,226
24,138
7,586
5,076
5,127
4,190,807
$
(1) Includes $12.0 million and $0.0 million held in collateralized loan obligations as of September 30, 2020 and December 31, 2019, respectively.
(2) Includes $42.0 million and $0.0 million of loan repayment proceeds held with the servicer and receivable by the CLO as of September 30, 2020 and December 31, 2019, respectively.
(3) Includes $1.4 million and $0.0 million of reserve for unfunded loan commitments as of September 30, 2020 and December 31, 2019, respectively.
39
$
1,170,110
(70,559)
(60,999)
1,039,107
1,039,107
5,231,865 $
67,619
4,931,042
4,931,042
37,469
16,305
4,583
5,057,018
2,884,887
803,376
139,075
64,966
25,036
6,686
3,363
5,917
3,933,306
1,694
575
1,165,995
(8,594)
(35,958)
1,122,018
1,122,018
5,057,018
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation