KKR Real Estate Finance Trust Results Presentation Deck
Portfolio Credit Quality Remains Strong
KREF's loan portfolio is 100% performing, with no defaulted or impaired loans
(% of total portfolio)
4Q'19
20%
0% - 60%
1Q'20
20%
0% - 60%
Loan-to-Value(1,2)
25%
18%
...
65% - 70%
60% - 65%
28%
Weighted Average
LTV(3): 66%
17%
29%
70% -75% 75% - 80%
8%
Weighted Average
LTV(3): 66%
27%
60% - 65% 65% - 70% 70% 75%
8%
75% - 80%
(% of portfolio)
(2) Includes non-consolidated senior interests and excludes vertical loan syndications.
(3) Weighted average is weighted by current principal amount for our senior and mezzanine loans.
12
4Q'19
2%
1
1
1Q'20
3%
1
2
Risk Rating Distribution (2)
9%
2
5
6%
2
89%
3
33
Loan Count
77%
3
28
Weighted Average
Risk Rating (³): 2.9
4
0
Weighted Average
Risk Rating (³): 3.0
14%
4
7
Loan Count
(1) LTV is generally based on the initial loan amount divided by the as-is appraised value as of the date the loan was originated or by the current principal amount as of the
date of the most recent as-is appraised value.
5
5
KKR
REAL ESTATE
FINANCE TRUSTView entire presentation