KKR Real Estate Finance Trust Investor Presentation Deck
Reconciliation of GAAP Net Income to Distributable
Earnings
(in thousands - except share and per share data)
Net Income (Loss) Attributable to Common Stockholders
Adjustments
Non-cash equity compensation expense
Unrealized (gains) or losses, net(²)
Provision for credit losses, net
Non-cash convertible notes discount amortization
Distributable Earnings
Weighted average common shares outstanding, diluted
$
$
September 30, 2022
(48,421) $
2,175
(79)
80,604
91
34,370
69,382,730
$
Per Diluted
Share (¹)
(0.70)
0.03
1.16
0.50
$
$
Three Months Ended
June 30, 2022
(1) Numbers presented may not foot due to rounding
(2) Includes primarily unrealized mark-to-market adjustment to CMBS B-Pieces held through an equity method investment
KREF
19,394 $
2,040
(190)
11,798
90
33,132
68,549,049
$
Per Diluted
Share (¹)
0.28
0.03
0.17
0.48
$
$
September 30, 2021
31,989
2,027
(748)
$
1,165
91
34,524 $
56,011,243
Per Diluted
Share (1)
0.57
0.04
(0.01)
0.02
0.62
41View entire presentation