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 "markdown": "Earnings Sensitivity to Change in Benchmark Rates\n\n\n98% floating-rate loan portfolio indexed to benchmark rates\n\n\n<figure type=\"CHART\">Quarterly Net Interest Income Per Share Sensitivity to Change in Benchmark Rates. As of June 30, 2026, with Term SOFR at 3.65%, EURIBOR at 2.20%, and SONIA at 3.73%. The chart displays the dollar impact per share for changes in benchmark rates ranging from -1.00% to +1.00%. \n\n<description>A bar chart titled 'Quarterly Net Interest Income Per Share Sensitivity to Change in Benchmark Rates' shows the impact on net interest income per share across five different benchmark rate scenarios: -1.00%, -0.50%, 0.00%, +0.50%, and +1.00%. The y-axis represents the impact in dollars per share, ranging from (0.01) to 0.04. The bars represent the following values: -1.00% change results in $0.02, -0.50% results in $0.00, 0.00% results in $0.00, +0.50% results in $0.00, and +1.00% results in $0.01.</description> <table><thead><tr><th>Change in Benchmark Rate</th><th>$ Impact Per Share</th></tr></thead><tbody><tr><td>-1.00%</td><td>$0.02</td></tr><tr><td>-0.50%</td><td>$0.00</td></tr><tr><td>0.00%</td><td>$0.00</td></tr><tr><td>+0.50%</td><td>$0.00</td></tr><tr><td>+1.00%</td><td>$0.01</td></tr></tbody></table></figure>\n\nNote: Based on portfolio as of June 30, 2026\n\n\nKREF\n\n\n19\n\n<!-- doc_id=parse-01m38pmk8hnvm0saz10qek0hhf -->",
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