KKR Real Estate Finance Trust Results Presentation Deck

Portfolio Positioned for Rate Environment 100% floating-rate loan portfolio continues to benefit from a rising rate environment 64% indexed to Term SOFR and 36% to one-month LIBOR One-month LIBOR = 4.86% Term SOFR = 4.80% As of March 31, 2023 $0.20 $0.15 $0.10 $0.05 $0.00 ($0.05) ($0.10) ($0.15) ($0.20) Annual Net Interest Income Per Share Sensitivity to Change in Market Rates KREF ($0.16) -1.00% Note: Based on portfolio as of March 31, 2023 ($0.08) -0.50% $0.00 0.00% Change in LIBOR/SOFR $0.08 +0.50% ($ Impact Per Share) $0.16 +1.00% 15

View entire presentation