KKR Real Estate Finance Trust Results Presentation Deck
Recent Operating Performance
Net Income and Distributable Earnings
($ in Millions)
1Q'22
Net income (loss) (¹).
$29.8
Distributable earnings (²).
$29.8
$0.46
$0.47
1Q'22
4Q'22
$14.6
$12.4
$0.21 $0.18
4Q'22
(3)
1Q'23
($30.8)
$33.1
($0.45)
Net Income (Loss) per Diluted Share
Distributable Earnings per Diluted Share
$0.48
1Q'23
$0.43
Dividends and Book Value Per Share
1Q'22
Dividend per share:
$0.43
(1)
Represents Net income (loss) attributable to common stockholders
(2) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP
(3) 4Q'22 Distributable earnings before realized losses on loan write-offs is $0.54 per share
KREF
$0.43
Dividend yield on book value per share:
8.8%
9.6%
$19.46
4Q'22
1Q'22
$18.00
4Q'22
Book Value per Share
1Q'23
$0.43
10.0%
$17.16
1Q'23
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