KKR Real Estate Finance Trust Investor Presentation Deck

Key Highlights Best in class investment portfolio - 71% multifamily and office; only 2% retail Conservative liability management - 81% diversified non-mark-to-market secured financing Strong liquidity position - Over $516 million of liquidity as of 9/30/21 (1) As of November 2021. 32 TE 11 E T C FE - E KKR REAL ESTATE FINANCE TRUST Fully integrated with KKR; aligned with shareholders - 23% ownership(¹); ~$38bn of real estate AUM Experienced leadership & asset management team - 75+ years of collective experience; portfolio of >50 loans Strong Distributable Earnings Coverage - 1.4x dividend coverage in Q3 2021; 1.3x dividend coverage in 2021 YTD KKR REAL ESTATE FINANCE TRUST

View entire presentation