KKR Real Estate Finance Trust Results Presentation Deck
1Q'22 Financial Summary
($ in Millions)
Net Interest Income
Other Income
Income Statement
Operating Expenses and Other
Preferred stock dividends
Provision for credit losses
Net Income Attributable to Common Stockholders
Diluted Weighted Average Shares Outstanding
Net Income per Share, Diluted
Distributable Earnings (¹)
Diluted Weighted Average Shares Outstanding,
Distributable Earnings
Distributable Earnings per Share, Diluted(¹)
Dividend per Share
1Q22
$40.8
6.4
(13.3)
(5.3)
1.2
$29.8
69,402,626
$0.46
$29.8
63,086,452
$0.47
$0.43
($ in Millions)
Total Portfolio (2)
Term Credit Facilities
Term Lending Agreements
Secured Term Loan
Convertible Notes
Total Debt
Term Loan Facility
Collateralized Loan Obligations
Total Leverage
Cash
Total Permanent Equity
Common Stockholders' Equity
Debt-to-Equity Ratio (3)
Total Leverage Ratio (4)
Shares Outstanding
Book Value per Share (5)
(1)
See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP
(2) Represents the GAAP principal amount on senior and mezzanine/other loans, one real estate owned asset, and net equity in RECOPI
(3 Represents (i) total debt less cash to (ii) total permanent equity
(4) Represents (i) total leverage less cash to (ii) total permanent equity
(5) Book value per share includes (i) CECL credit loss allowance of ($22.5) million or ($0.33) per common share
KREF
Balance Sheet
1Q22
$7,253.7
1,204.3
942.6
349.1
143.8
$2,639.8
899.0
1,942.8
$5,481.6
173.2
1,649.7
1,321.8
1.5x
3.2x
67,933,704
$19.46
5View entire presentation