KKR Real Estate Finance Trust Results Presentation Deck
KREF Loan Portfolio by the Numbers
Current Portfolio:
$7.1 billion (¹)
Including net funding and repayment
activity subsequent to quarter-end
$2,083
4Q'17
12%
Total Portfolio Growth
$4,134
4Q'18
$5,075
4Q'19
Geography (2)
14%
5%
$4,998
4Q'20
11%
8%
6%
$10%
($ in Millions)
$6,792
4Q'21
12%
Investment Type(3)
Class-B
9%
Senior
Loans
99.4%
(4) KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space.
(5) Office property certification % is based on current principal loan balance. See description for LEED certification in the appendix.
10
Non-Senior
0.6%
Class-A
91%
Office (5)
Industrial.
4%
Hospitality
7%
Life Science (4)
9%
MELINARES
Property Type
LEED
Condo
(Residential) Housing Rental
4%
3%
<1%
77%
Interest Rate Type
Student Single Family
Office
28%
Multifamily
46%
Class-B
25%
Floating
100.0%
Other <5%, 22%
Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans.
(1) As of February 4, 2022.
(2) Map excludes $5.5 million Midwest Mezzanine portfolio, $41.1 million real estate corporate loan, and one real estate owned retail asset with a net carrying value of $78.6 million.
(3) Senior loans include senior mortgages and similar credit quality loans, including related contiguous junior participations in senior loans where KREF has financed a loan with structural leverage through the non-recourse sale of a
corresponding first mortgage and excludes vertical loan syndications.
Multifamily
Class-A
75%
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation