KKR Real Estate Finance Trust Investor 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
Accrued interest receivable
Equity method investments
Other assets (2)
Total Assets
Liabilities and Equity
Liabilities
Secured financing agreements, net
Collateralized loan obligations, net
Secured term loan, net
Convertible notes, net
Dividends payable
Accrued interest payable
Accounts payable, accrued expenses and other liabilities (3)
Due to affiliates
Total Liabilities
Commitments and Contingencies
Equity
Preferred Stock, 50,000,000 shares authorized
Series A cumulative redeemable preferred stock, $0.01 par value, (13,110,000 and 6,900,000 shares issued and outstanding as of December 31, 2022 and 2021,
respectively; liquidation preference of $25.00 per share)
Common stock, $0.01 par value, 300,000,000 authorized (75,080,707 and 65,271,058 shares issued; 69,095,011 and 61,370,732 shares outstanding as of
December 31, 2022 and 2021, respectively)
Additional paid-in capital
Accumulated deficit
Repurchased stock (5,985,696 and 3,900,326 shares repurchased as of December 31, 2022 and 2021, respectively)
Total KKR Real Estate Finance Trust Inc. stockholders' equity
Noncontrolling interests in equity of consolidated joint venture
Total Equity
Total Liabilities and Equity
(1) Includes $151 million and $54 million held in collateralized loan obligation as of December 31, 2022 and 2021, respectively
(2) Includes $11 million and $2 million of restricted cash as of December 31, 2022 and 2021, respectively
(3) Includes $4 million and $2 million of expected loss reserve for unfunded loan commitments as of December 31, 2022 and 2021, respectively
KREF
$
$
$
$
December 31, 2022
239,791
7,494,138
(106,974)
7,387,164
80,231
39,005
36,849
19,281
7,802,321
3,748,691
1,935,592
336,828
143,237
29,711
17,859
10,245
8,722
6,230,885
131
691
1,808,983
(141,503)
(96,764)
1,571,538
(102)
1,571,436
7,802,321
$
$
$
$
December 31, 2021
271,487
6,316,733
(22,244)
6,294,489
78,569
15,241
35,537
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
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