KKR Real Estate Finance Trust Investor Presentation Deck
Reconciliation of GAAP Net Income (Loss) 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
Provision for (reversal of) credit losses, net
Non-cash convertible notes discount amortization
Distributable Earnings before realized loss on loan write-offs
Distributable Earnings
Weighted average number of shares of common stock outstanding, diluted
(1) Numbers presented may not foot due to rounding
KREF
June 30, 2023
$
$
$
(25,772)
2,174
292
56,335
44
33,073
33,073
69,115,654
$
$
$
Per Diluted
Share (¹)
(0.37)
0.03
0.82
0.48
0.48
Three Months Ended
March 31, 2023
$ (30,810)
$
$
2,152
1,173
60,467
89
33,071
33,071
69,095,011
$
$
$
Per Diluted
Share (¹)
(0.45)
0.03
0.02
0.88
June 30, 2022
$
19,394
0.48 $
0.48 $
2,040
(190)
11,798
90
33,132
33,132
68,549,049
$
$
$
Per Diluted
Share (¹)
0.28
0.03
0.17
0.48
0.48
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