KKR Real Estate Finance Trust Results Presentation Deck
1Q'23 Financial Summary
($ in Millions)
Net Interest Income
Other Income
Income Statement
Operating Expenses
Provision for Credit Losses
Preferred Stock Dividends
Other
Net Income (Loss) Attributable to Common
Stockholders
Net Income (Loss) per Share, Diluted
Distributable Earnings (¹)
Distributable Earnings per Share, Diluted (¹)
Dividend per Share
Diluted Weighted Average Shares Outstanding
1Q'23
$46.6
I
4.6
(15.8)
I
I
(60.5) I
(5.3)
(0.4)
($30.8) I
($0.45)
$33.1
$0.48
$0.43
69,095,011
I
($ in Millions)
Total Portfolio
Term Credit Facilities
Term Lending Agreements
Secured Term Loan
Convertible Notes
(2)
Balance Sheet
Total Debt
Collateralized Loan Obligations
Term Loan Facility
Asset Specific Financing
Total Leverage
Cash
Total Equity
Common Shareholders' Equity
Debt-to-Equity Ratio (³)
Total Leverage Ratio (4)
Book Value per Share (5)
Shares Outstanding
1Q'23
$8,034.0
1,528.7
1,536.6
345.6
143.8
$3,554.7
1,942.8
644.4
184.8
$6,326.7
254.1
1,513.1
1,185.4
2.2x
4.0x
$17.16
69,095,011
(1)
See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP
(2)
(3)
Represents the principal amount on our loan portfolio including non-consolidated senior interests, one real estate owned asset and CMBS B-Pieces held through an equity method investment
Represents (i) total outstanding debt agreements (excluding non-recourse facilities), secured term loan and convertible notes, less cash to (ii) total permanent equity, in each case, at period end
(4) Represents (i) total outstanding debt agreements, secured term loan, convertible notes, and collateralized loan obligations, less cash to (ii) total permanent equity, in each case, at period end
(5) Book value per share includes CECL allowance of $172 million or ($2.48) per common share
KREF
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