KKR Real Estate Finance Trust Investor Presentation Deck
KREF Loan Portfolio by the Numbers
($ in Millions)
$5,221
3Q'19
18%
Total Portfolio Growth
$5,035
3Q'20
19% Other <5%
$5,826
16%
3Q'21
Geography (¹)
6%
7%
8%
10%
$7,726
3Q'22
10%
6% Washington, D.C.
Investment Type(²)
Class-B
8%
Senior
Loans
99%
Non-Senior
1%
Life Science
7%
Class-A
92%
Hospitality
5%
Office (5)
Property Type
(3)
AGAVAD
Industrial
12%
LEED
86%
Interest Rate Type
100% Floating
Office
27%
SOFR
36%
Other (4)
6%
Multifamily
44%
LIBOR
64%
Multifamily
Class-B
34%
Class-A
66%
Note: The charts above are based on total assets. Total assets reflect the principal amount of our senior and mezzanine loans
(1) Map excludes a $40 million real estate corporate loan and one real estate owned asset with a net carrying value of $80 million
(2) Senior loans include senior mortgages and similar credit quality loans, including related contiguous junior participations in senior loans where KREF has financed a loan with structural leverage through the
non-recourse sale of a corresponding first mortgage
(3)
KREF classifies a loan as life science if more than 50% of the gross leasable area is leased to, or will be converted to, life science-related space
(4) "Other" property types include: 3% Condo (Residential), 3% Student Housing, <1% Single Family Rental
(5) Office property certification % is based on current principal loan balance; see description for LEED certification in the appendix
KREF
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