Integrated Global Real Estate Platform

Recent Operating Performance Net Income and Distributable Earnings ($ in Millions) 2Q'22 Net income (loss)(1): $19.4 Distributable earnings (2): $33.1 Dividends and Book Value Per Share 1Q'23 2Q'23 2Q'22 Dividend per share: 1Q'23 ($30.8) ($25.8) $0.43 $0.43 $33.1 $33.1 $0.48 $0.48 $0.48 ■$0.43 $0.28 ($0.45) 1Q'23 ($0.37) 2Q'22 Net Income (Loss) per Diluted Share Distributable Earnings per Diluted Share Dividend yield on book value per share: 8.9% 10.0% 2Q'23 $0.43 10.5% $19.36 $17.16 $16.38 2Q'23 2Q'22 (1) (2) Represents Net income (loss) attributable to common stockholders See Appendix for definition and reconciliation to financial results prepared in accordance with GAAP KREF 1Q'23 2Q'23 Book Value per Share 32

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