KKR Real Estate Finance Trust Results Presentation Deck

Recent Operating Performance Net Income and Distributable Earnings ($ in Millions) 2Q'21 Net income (¹): $29.3 Distributable earnings(2): $30.4 $0.52 $0.54 1Q'22 $29.8 $29.8 $0.46 $0.47 1Q'22 $0.28 2Q¹22 $19.4 $33.1 $0.48 2Q'21 Net Income per Diluted Share ■ Distributable Earnings per Diluted Share 2Q'22 $0.43 (1) Represents Net Income attributable to common stockholders (2) See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP KREF Dividends and Book Value Per Share 2Q¹21 Dividend per share: $0.43 $0.43 Dividend yield on book value per share: 9.1% 8.8% $18.91 1Q'22 2Q'21 $19.46 1Q'22 ■Book Value per Share 2Q¹22 $0.43 8.9% $19.36 2Q'22 6

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