KKR Real Estate Finance Trust Results Presentation Deck

Consolidated Statements of Income (in thousands - except share and per share data) Net Interest Income Interest income Interest expense Total net interest income Other Income Income (loss) from equity method investments Gain (loss) on sale of investments Change in net assets related to CMBS consolidated variable interest entities Other income Total other income (loss) Operating Expenses General and administrative Provision for (reversal of) credit losses, net Management fees to affiliate Incentive compensation to affiliate Total operating expenses Income (Loss) Before Income Taxes, Preferred Dividends, Redemption Value Adjustment and Participating Securities' Share in Earnings Income tax expense Net Income (Loss) Preferred Stock dividends and redemption value adjustment Participating securities' share in earnings Net Income (Loss) Attributable to Common Stockholders 23 Net Income (Loss) Per Share of Common Stock, Basic Net Income (Loss) Per Share of Common Stock, Diluted Weighted Average Number of Shares of Common Stock Outstanding, Basic Weighted Average Number of Shares of Common Stock Outstanding, Diluted Dividends Declared per Share of Common Stock December 31, 2021 $ $ $ $ 72,715 30,266 42,449 1,863 5,126 390 7,379 3,383 (3,077) 5,289 3,463 9,058 40,770 427 40,343 4,966 179 35,198 Three Months Ended 59,364,672 59,453,264 September 30, 2021 $ $ 0.59 $ 0.59 $ 0.43 $ 75,320 29,832 45,488 2,162 130 2,292 3,659 1,165 4,964 2,215 12,003 35,777 106 35,671 3,682 31,989 December 31, 2020 $ $ 0.57 $ 0.57 $ 55,637,480 56,011,243 0.43 $ 63,201 28,835 34,366 1,168 86 1,254 2,862 (3,438) 4,252 2,929 6,605 29,015 157 28,858 82 28,776 December 31, 2021 55,619,428 55,669,230 0.43 $ $ 0.52 $ 0.52 $ $ 279,950 114,439 165,511 6,371 5,126 686 12,183 14,235 (4,059) 19,378 10,273 39,827 137,867 684 137,183 11,369 179 125,635 2.22 2.21 December 31, 2020 $ $ $ $ A A Year Ended 56,571,200 56,783,388 1.72 $ 269,188 127,312 141,876 537 744 1,281 14,238 50,344 16,992 6,774 88,348 54,809 412 54,397 844 53,553 0.96 0.96 55,985,014 56,057,237 1.72 December 31, 2019 $ $ $ SA VA $ $ 274,335 158,860 115,475 4,568 (2,688) 1,665 2,453 5,998 10,522 17,135 3,272 30,929 90,544 579 89,965 (527) 90,492 1.58 1.57 57,426,912 57,532,490 1.72 KKR REAL ESTATE FINANCE TRUST

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