KKR Real Estate Finance Trust Results Presentation Deck

KREF Loan Portfolio by the Numbers ($ in Millions) $4,952 2Q'19 18% Total Portfolio Growth $5,257 2Q'20 Other <5%: 23% $5,618 15% 2Q'21 Geography (¹) $7,888 2Q'22 5% 11% 5% L 7% $7,872 10% 2Q'23 - 6% Washington, D.C. Investment Type(²) Class-B 6% Senior Loans 100% Class-A 94% Office (5) 5% Life Science (3) 9% Industrial 14% Property Type Hospitality MARIN LEED NO 86% Interest Rate Type Fixed 1% Office 26% (4) Other 5% Multifamily 42% Floating 99% Multifamily Class-B 30% Class-A 70% Note: The charts above are based on total assets. Total assets reflect the principal amount of our loan portfolio (1) Map excludes one real estate owned asset with a net carrying value of $81 million 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: 2% Condo (Residential), 1% Student Housing, 1% Single Family Rental and 1% Self-Storage (5) Office property certification % is based on current principal loan balance; see description for LEED certification in the Appendix KREF 8

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