KKR Real Estate Finance Trust Results Presentation Deck
KREF Loan Portfolio by the Numbers
($ in Millions)
$3,745
1Q'19
18%
Total Portfolio Growth
$5,233
1Q'20
Other <5%: 21%
$5,330
1Q'21
16%
(1)
Geography"
$7,254
1Q'22
5% 10%
5%
8%
11%
$8,034
1Q'23
6% Washington, D.C.
Investment Type(²)
Class-B
6%
Senior
Loans
100%
Industrial
13%
Office (5)
Class-A
94%
Property Type
Hospitality
Life Science
8%
5%
A
(3)
LEED
85%
(4)
Other
5%
Office
25%
Interest Rate Type
100% Floating
LIBOR
36%
Multifamily
44%
SOFR
64%
Multifamily
Class-B
30%
Class-A
70%
Note: The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio
(1) Map excludes one real estate owned asset with a net carrying value of $81 million
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
(3)
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
(4) "Other" property types include: 2% Condo (Residential), 1% Student Housing, 1% Single Family Rental and 1% Self-Storage
(5)
Office property certification % is based on current principal loan balance; see description for LEED certification in the appendix
KREF
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