KKR Real Estate Finance Trust Results Presentation Deck

Last Twelve Months Loan Activity ($ in Millions) I Future Funding Obligations(2) $8,703 | | $1,449 I $7,254 $1,078 $444 Portfolio Funding Activity - Outstanding Principal(¹) $9,300 I | $1,412 1 $7,888 $225 $387 $9,375 1 | $1,649 | $7,726 2Q'22 3Q'22 3Q'22 3Q'22 1Q'22 2Q'22 2Q'22 Portfolio Fundings Repayments Portfolio Fundings Repayments Portfolio $424 $209 4Q'22 4Q'22 Fundings Repayments (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 $25 I 1 $9,460 $1,544 $7,916 $204 $87 1Q'23 4Q'22 4Q'22 1Q'23 Write-off Portfolio Fundings Repayments $9,381 $1,347 $8,034 1Q'23 Portfolio 7

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