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 nue from real state owned operations Income (loss) from equity method investments 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 Expenses from real estate owned operations Total operating expenses Income (Loss) Before Income Taxes, Noncontrolling Interests, Preferred Dividends, Redemption Value Adjustment and Participating Securities' Share in Earnings Income tax expense Net Income (Loss) Noncontrolling interests in (income) loss of consolidated joint venture Net Income (Loss) Attributable to KREF Trust Inc. and Subsidiaries Preferred Stock dividends and redemption value adjustment Participating securities' share in earnings Net Income (Loss) Attributable to Common Stockholders 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 KREF $ $ June 30, 2022 90,603 44,733 45,870 1,833 1,035 1,237 4,105 4,308 11,798 6,506 2,368 24,980 24,995 24,995 66 25,061 5,326 341 19,394 0.28 0.28 68,549,049 68,549,049 Three Months Ended March 31, 2022 $ $ $ $ 0.43 $ 73,230 32,459 40,771 2,629 1,886 1,915 6,430 4,446 (1,218) 6,007 2,554 11,789 35,412 35,412 56 35,468 5,326 346 29,796 0.47 0.46 63,086,452 69,402,626 0.43 $ $ $ $ $ June 30, 2021 67,149 26,958 40,191 1,256 100 1,356 3,688 (559) 4,835 2,403 10,367 31,180 103 31,077 31,077 1,813 29,264 0.53 0.52 55,632,322 55,907,086 $ $ $ $ 0.43 $ Six Months Ended June 30, 2022 163,833 77,192 86,641 4,462 2,921 3,152 10,535 8,754 10,580 12,513 4,922 36,769 60,407 60,407 122 60,529 10,652 687 49,190 $ $ 0.75 0.74 65,832,841 72,149,015 0.86 $ $ $ June 30, 2021 131,915 54,341 77,574 2,346 166 2,512 7,193 (2,147) 9,125 4,595 18,766 61,320 151 61,169 61,169 2,721 58,448 1.05 1.05 55,625,911 55,819,110 0.86 22

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