KKR Real Estate Finance Trust Results Presentation Deck

Last Twelve Months Loan Activity ($ in Millions) I Future Funding Obligations(2) $9,300 | | $1,412 1 $7,888 $225 $387 Portfolio Funding Activity - Outstanding Principal(¹) $9,375 $1,649 $7,726 $424 $209 3Q'22 3Q'22 4Q'22 4Q'22 2Q'22 3Q'22 Portfolio Fundings Repayments Portfolio Fundings Repayments $25 4Q'22 Write-off I $9,460 $1,544 $7,916 4Q'22 Portfolio $204 $87 (1) Includes one real estate owned asset and CMBS B-Pieces held through an equity method investment (2) Future funding obligations are generally contingent upon certain events and may not result in investment by us KREF $9,381 $1,347 $8,034 $177 $339 1Q'23 2Q'23 2Q'23 1Q'23 1Q'23 Fundings Repayments Portfolio Fundings Repayments $9,071 I | $1,199 | I 1 $7,872 2Q'23 Portfolio 7

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