KKR Real Estate Finance Trust Results Presentation Deck
Consolidated Balance Sheets
(in thousands - except share and per share data)
Assets
Cash and cash equivalents(¹)
Commercial real estate loans, held-for-investment
Less: Allowance for credit losses
Commercial real estate loans, held-for-investment, net
Real estate owned, net
Equity method investments
Accrued interest receivable
Other assets (2)
Total Assets
Liabilities and Equity
Liabilities
Secured financing agreements, net
Collateralized loan obligations, net
Secured term loan, net
Convertible notes, net
Loan participations sold, net
Dividends payable
Accrued interest payable
Accounts payable, accrued expenses and other liabilities (3)
Due to affiliates
Total Liabilities
Commitments and Contingencies
Temporary Equity
Redeemable preferred stock
Permanent Equity
Preferred Stock, 50,000,000 shares authorized
Preferred stock, $0.01 par value (zero and 1 share issued and outstanding as of December 31, 2021 and 2020,
respectively)
Series A cumulative redeemable preferred stock, $0.01 par value, (6,900,000 and zero shares issued and outstanding as
of December 31, 2021 and 2020, respectively; liquidation preference of $25.00 per share)
Common stock, $0.01 par value, 300,000,000 authorized (65,271,058 and 59,519,754 shares issued; 61,370,732 and
55,619,428 shares outstanding as of December 31, 2021 and 2020, respectively)
Additional paid-in capital
Accumulated deficit
Repurchased stock (3,900,326 shares repurchased as of December 31, 2021 and 2020)
Total KKR Real Estate Finance Trust Inc. stockholders' equity
Noncontrolling interests in equity of consolidated joint venture
Total Permanent Equity
Total Liabilities and Equity
December 31, 2021
$
$
$
$
271,487
6,316,733
(22,244)
6,294,489
78,569
35,537
15,241
7,916
6,703,239
3,726,593
1,087,976
338,549
141,851
26,589
6,627
7,521
5,952
5,341,658
69
613
1,459,959
(38,208)
(60,999)
1,361,434
147
1,361,581
6,703,239
December 31, 2020
$
$
$
$
110,832
4,844,534
(59,801)
4,784,733
33,651
15,412
20,984
4,965,612
2,574,747
810,000
288,028
140,465
66,232
24,287
5,381
4,823
6,243
3,920,206
1,852
556
1,169,695
(65,698)
(60,999)
1,043,554
1,043,554
4,965,612
(1) Includes $54.0 million and $0.0 million held in collateralized loan obligation as of December 31, 2021 and 2020, respectively.
(2) Includes $0.0 million and $15.9 million of loan repayment proceeds held by the servicer and receivable by KREF, and $2.3 million and $0.0 million of restricted cash as of December 31, 2021 and 2020, respectively.
(3) Includes $1.5 million and $0.9 million of expected loss reserve for unfunded loan commitments as of December 31, 2021 and 2020, respectively.
22
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation