KKR Real Estate Finance Trust Investor Presentation Deck

Financing Overview: Term Credit Facilities ($ in Millions) Counterparty Drawn Capacity Collateral: Loans / Principal Balance Final Stated Maturity (¹) Weighted Average Pricing(²) Weighted Average Advance Mark-to-market (1) (2) (3) WELLS FARGO $673 $1,000 10 Loans / $924 September 2026 +1.5% 72.8% Credit Only Morgan Stanley $595 $600 11 Loans / $808 December 2023 + 2.0% 73.6% Credit Only Goldman Sachs $169 $240 7 Loans / $364 October 2025 + 2.2% 46.5% Credit Only Industrial 8% Total or Weighted Average Single Family Rental 2% Life Science 15% $1,436 28 Loans / $2,096 Based on extended maturity date Weighted average pricing expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable to each financing Based on principal balance of financing KREF $1,840 +1.8% 68.5% Property Type(³): Office 35% Multifamily 39% 29

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