KKR Real Estate Finance Trust Results Presentation Deck

KREF Loan Portfolio by the Numbers ($ in Millions) $4,952 2Q'19 17% Total Portfolio Growth $5,257 2Q'20 20% Other <5% $5,618 15% 2Q'21 Geography (¹) 9% 7% 8% 10% $7,888 2Q'22 9% Investment Type(2) 5% Washington, D.C. Class-B 8% Senior Loans 99% Non-Senior 1% Hospitality. 5% Condo (Residential) 3% Life Science 6% Class-A 92% (3) Industrial 11% Office (4) Property Type LEED 79% Interest Rate Type 100% Floating Office 26% SOFR 26% Student Housing 2% LIBOR 74% Single Family Rental <1% Multifamily 47% Multifamily Class-B 31% Class-A 69% Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans. (1) Map excludes a $42 million real estate corporate loan and one real estate owned asset with a net carrying value of $79 million (2) 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) Office property certification % is based on current principal loan balance; see description for LEED certification in the appendix KREF 9

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