KKR Real Estate Finance Trust Investor Presentation Deck

1 Investment Highlights 2 KKR 4 Cycle Tested, Experienced Leadership Team Sponsorship 3 Differentiated Investment Strategy 息 E Mi 4 Best in Class Investment Portfolio $ KKR Real Estate Finance Trust ("KREF") benefits from its Hir .. integration within KKR's broader Real Estate platform ** 5 % Conservative Liability Management 6 Earnings Power from LIBOR Floors KKR REAL ESTATE FINANCE TRUST

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