KKR Real Estate Finance Trust : KREF Investor Presentation – February 2026

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KKR Real Estate Finance Trust Inc. (KREF) is a real estate investment trust that focuses on lending on institutional quality commercial real estate owned by high-quality sponsors in top markets. The presentation covers KREF's loan portfolio, conservative balance sheet, integration with KKR's broader real estate platform, and experienced leadership team.

Why it matters

KREF differentiates itself by seeking opportunities where it has sourcing, underwriting and execution advantages through KKR's brand, industry knowledge, relationships and deep bench of investment professionals. This integration with KKR's broader platform provides KREF with meaningful benefits in terms of financing, credit assessment capabilities, and sourcing high-quality investments.

The details

KREF's loan portfolio consists of 100% senior loans secured primarily by transitional, institutional multifamily and industrial properties owned by high quality sponsors. The portfolio is diversified across top domestic markets with strong underlying fundamentals. KREF employs conservative liability management focused on diversified non-mark-to-market financing, with 74% of its balance sheet being fully non-mark-to-market. KREF is also well-capitalized with $887 million in current liquidity.

• KREF opened in the summer of 1975.
• KREF is celebrating its 50th anniversary this Sunday (August 17, 2025).