KKR Real Estate Finance Trust Results Presentation Deck

Portfolio Positioned for Higher Rate Environment Portfolio rotated out of higher rate-floor loans positioning KREF to benefit from a rising rate environment 100% floating-rate loan portfolio; 74% indexed to one-month LIBOR and 26% to Term SOFR One-month LIBOR = 1.79% Term SOFR = 1.69% As of June 30, 2022 $0.41 $0.36 $0.31 $0.26 $0.21 $0.16 $0.11 $0.06 $0.01 -$0.04 Annual Net Interest Income Per hare Sensitivity to Change in Market Rates ($0.03) -0.25% Note: Based on portfolio as of June 30, 2022 KREF $0.08 +0.50% $0.18 +1.00% Change in LIBOR/SOFR $0.30 +1.50% ($ Impact Per Share) $0.41 +2.00% 15

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