KKR Real Estate Finance Trust Investor Presentation Deck

Financing Overview: Term Credit Facilities ($ in Millions) Counterparty Drawn Capacity Collateral: Loans / Principal Balance Final Stated Maturity (¹) Weighted Average Pricing (2) Weighted Average Advance Mark-to-market WELLS FARGO $716 $1,000 11 Loans / $979 September 2026 + 1.4% 73.2% Credit Only Morgan Stanley $584 $600 11 Loans / $791 December 2023 + 2.0% 73.8% Credit Only Goldman Sachs $124 $240 7 Loans / $288 October 2025 + 2.2% 43.0% Credit Only Property Type(³): Other 6% (4) Total or Weighted Average Industrial 11% 29 Loans / $2,057 Life Science 14% $1,423 $1,840 (1) Based on extended maturity date (2) Weighted average pricing expressed as spread over the relevant floating benchmark rates, which include one-month LIBOR and Term SOFR, as applicable to each financing Based on principal balance of financing (3) (4) "Other" property types include: 4% Student Housing, 2% Single Family Rental KREF N/A + 1.7% 70.8% N/A Office 33% Multifamily 36% 29

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