KREF Liquidity and Portfolio Overview
Recent Operating Performance
Net Income and Distributable Earnings
Dividends and Book Value Per Share
($ in Millions)
3Q'22
2Q'23
3Q'23
Net income (loss) (1):
3Q'22
Dividend per share:
2Q'23
($48.4)
($25.8)
$21.4
$0.43
$0.43
Distributable earnings (2):
$34.4
($0.70)
$0.50
3Q'22
$33.1
($0.37)
$0.48
2Q'23
$17.4
$0.31
Net Income (Loss) per Diluted Share
Distributable Earnings per Diluted Share
$0.43
$0.25
Dividend yield on book value per share:
9.4%
10.5%
3Q'23
$0.43
10.6%
$18.28
$16.38
$16.29
3Q'23(3)
3Q'22
(1)
(2)
(3)
Represents Net income (loss) attributable to common stockholders
See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP
3Q'23 Distributable earnings before realized losses on loan write-offs is $32 million, or $0.47 per share
KREF
2Q'23
3Q'23
Book Value per Share
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