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 "markdown": "# Legal Disclosures\n\nThis presentation has been prepared for KKR Real Estate Finance Trust Inc. (NYSE: KREF) for the benefit of its stockholders. This presentation is solely for informational purposes in connection with\nevaluating the business, operations and financial results of KKR Real Estate Finance Trust Inc. and its subsidiaries (collectively, \"KREF\" or the \"Company\"). This presentation is not and shall not be construed\nas an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities, any investment advice or any other service by KREF. Nothing in this presentation constitutes the provision of\nany tax, accounting, financial, investment, regulatory, legal or other advice by KREF or its advisors. This presentation may not be referenced, quoted or linked by website by any third party, in whole or in\npart, except as agreed to in writing by KREF.\n\n\nThis presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended,\nwhich reflect the Company\u2019s current views with respect to, among other things, its future operations and financial performance. You can identify these forward looking statements by the use of words such\nas \u201coutlook,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cseek,\u201d \u201capproximately,\u201d \u201cpredict,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201canticipate,\u201d the negative version of these words, other\ncomparable words or other statements that do not relate strictly to historical or factual matters. By their nature, forward-looking statements speak only as of the date they are made, are not statements of\nhistorical fact or guarantees of future performance and are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. The forward-looking statements\nare based on the Company\u2019s beliefs, assumptions and expectations, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many\npossible events or factors, not all of which are known to the Company or are within its control. Such forward-looking statements are subject to various risks and uncertainties, including, among other things:\nthe general political, economic, competitive, and other conditions in the United States and in any foreign jurisdictions in which we invest; global economic trends and conditions, including heightened\ninflation, slower growth or recession, changes to fiscal and monetary policy, fluctuations in interest rates and credit spreads, labor shortages, currency fluctuations and challenges in global supply chains;\ndeterioration in the performance of the properties securing our investments; difficulty accessing financing or raising capital; and the risks, uncertainties and factors set forth under Part I-Item 1A. \u201cRisk\nFactors\u201d of the Company\u2019s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as factors may be updated from time to time in the Company\u2019s periodic filings with the SEC, which\nare accessible on the SEC\u2019s website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in this release.\nThese factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and information included in this release and in the Company\u2019s filings with the\nSEC. All forward-looking statements in this release speak only as of the date of this release. The Company undertakes no obligation to publicly update or review any forward-looking statements, whether as\na result of new information, future developments or otherwise, except as required by law.\n\n\nAll forward looking statements in this presentation speak only as of July 21, 2026. KREF undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new\ninformation, future developments or otherwise, except as required by law.\n\n\nAll financial information in this presentation is as of June 30, 2026 unless otherwise indicated.\n\n\nThis presentation also includes non-GAAP financial measures, including Distributable Earnings and Distributable Earnings per Diluted Share. Such non-GAAP financial measures should be considered only as\nsupplemental to, and not as superior to, financial measures prepared in accordance with U.S. GAAP. Please refer to the Appendix of this presentation for a reconciliation of the non-GAAP financial measures\nincluded in this presentation to the most directly comparable financial measures prepared in accordance with U.S. GAAP.\n\n\nKREF\n\n\n2\n\n<!-- doc_id=parse-01m38pkvhb00ataa7f21ca68m0 -->",
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