D vs E: {'same': 254, 'diff': 2, 'lost': 13, 'gained': 12, 'both_unanswerable': 277} LOST | Q1 2026 Form 10-Q [14] 'Find Balance Sheet: : Preferred equity (millions). Return Q1 2026 value' E: '$327,750' cite t2-27-0 cell='Series A cumulative redeemable preferred stock, (13,110,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025); liquidation preference of $327,750, or $25.00 per share' page=5 row='Series A cumulative redeemable preferred stock, (13,110,000 shares issued and outstanding as of March 31, 2026 and December 31, 2025); liquidation preference of $327,750, or $25.00 per share' col='Item' D: unanswerable: 'The document presents preferred equity in thousands (131), not millions; no millions-denominated preferred equity figure is printed.' D context: ['t2-line-27', 't2-line-27', '#/tables/20', 't20-line-22', 't20-line-19'] LOST | Q1 2026 Form 10-Q [29] 'Find Portfolio Details: : First mortgages, UPB (Unpaid Principal Balance) (millions) ($ value) (Note 3. Commercial Real Estate Loans). Return Q1 2026 value' E: '$ 5,118,941' cite t8-6-1 cell='$ 5,118,941' page=20 row='Total/Weighted Average' col='Outstanding Principal' D: unanswerable: 'The document does not present this figure in millions; Note 3 reports senior loan outstanding principal in thousands ($4,898,951 for loans held-for-investment).' D context: ['t8-line-3', 't8-line-3', '#/tables/52', '#/tables/51', '#/tables/9'] LOST | Q1 2026 Form 10-Q [39] 'Find Portfolio Details: Credit spread (S+) (Weighted Average of Senior and Mezzanine). Calculate Q1 2026 value' E: '+ 3.4%' cite t53-16-10 cell='+ 3.4%' page=57 row='' col='Max Remaining Term (Years)(D)(F)' D: unanswerable: "The portfolio table shows only a 'Total/Weighted Average Senior Loans Unlevered' coupon (+ 3.4%); no combined senior-and-mezzanine weighted-average spread line is present in the provided context." D context: ['t53-line-16', '#/tables/53', '#/tables/52', '#/tables/20', 't20-line-23'] GAINED | Q1 2026 Form 10-Q [42] 'Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Office (% of Principal). Return Q1 2026 value' E: unanswerable: 'The Note 3 "Concentration of Credit Risk" property-type table itself is not included in the context (only its introductory text, #/texts/263); the 18% Office figure shown is from the portfolio property-type pie chart, wh' D: '18%' cite #/pictures/1 cell=None page=54 row=None col=None D context: ['#/pictures/1', '#/tables/52', '#/tables/8', '#/texts/263'] GAINED | Q1 2026 Form 10-Q [43] 'Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Life Science (% of Principal). Return Q1 2026 value' E: unanswerable: 'The Note 3 "Concentration of Credit Risk" property-type table (referenced at chunk #/texts/263) is not included in the context; the 14% Life Science figure shown is from the Our Portfolio property type breakdown chart, w' D: '14%' cite #/pictures/1 cell=None page=54 row=None col=None D context: ['#/pictures/1', '#/texts/263', 't8-line-6', 't8-line-5', '#/tables/8'] GAINED | Q1 2026 Form 10-Q [44] 'Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Hospitality (% of Principal). Return Q1 2026 value' E: unanswerable: 'The Concentration of Credit Risk property-type table on page 23 is not included in the context; the 3% figure is from the portfolio property-type breakdown chart (based on outstanding principal of commercial real estate ' D: '3%' cite #/pictures/1 cell=None page=54 row=None col=None D context: ['#/pictures/1', '#/texts/263', 't10-line-6', '#/tables/8', '#/tables/52'] GAINED | Q1 2026 Form 10-Q [50] 'Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Student Housing (% of Principal). Return Q1 2026 value' E: unanswerable: 'The page 23 Concentration of Credit Risk property-type table itself is not included in the context; the 2% Student Housing figure comes from footnote (C) of the portfolio property-type pie chart, where "Other" (2%) compr' D: '2%' cite #/pictures/1 cell=None page=54 row=None col=None D context: ['#/pictures/1', '#/tables/8', 't8-line-5', '#/tables/52'] GAINED | Q1 2026 Form 10-Q [51] 'Find Portfolio Details: Commercial Real Estate Loans: Concentration of Credit Risk, Collateral Property Type: Other (% of Principal). Return Q1 2026 value' E: unanswerable: "The Note 2 Concentration of Credit Risk property-type table itself is not included in the retrieved context; the 2% figure comes from the portfolio property-type breakdown based on outstanding principal, where 'Other' = " D: '2%' cite #/pictures/1 cell=None page=54 row=None col=None D context: ['#/texts/263', '#/pictures/1', '#/tables/8', '#/tables/52', 't8-line-5'] GAINED | Q1 2026 Form 10-Q [56] 'Find Portfolio Details: LTV, new originations: weighted average of LTVs. . Calculate Q1 2026 value' E: unanswerable: "The document does not print a separate 'weighted average LTV of new originations' line; this figure is derived from the Investment Portfolio Summary by isolating the investment dated in Q1 2026 (senior loans only). If Q1" D: '72' cite t52-8-12 cell='72' page=56 row='7' col='Origination LTV(D)(H)' D context: ['t53-line-35', 't53-line-16', '#/tables/53', '#/tables/52', 't51-line-8', '#/texts/540'] LOST | Q1 2026 Form 10-Q [70] 'Find Commercial Real Estate Loans — Vintage: 2019/Pre-2020 (Loan Vintage). Return Q1 2026 value' E: '$ 2,248,044' cite #/tables/11 cell=None page=21 row=None col=None D: unanswerable: 'The loan vintage table does not break out a 2019 or pre-2020 vintage; its oldest bucket is "Prior" (i.e., originated/acquired before 2022), reported as $2,248,044 total ($1,459,415 risk rating 3, $283,870 rating 2, $35,1' D context: ['#/tables/11', 't11-line-2', 't11-line-3', '#/tables/8', 't8-line-9'] GAINED | Q1 2026 Form 10-Q [74] 'Find Portfolio Details: Commercial Real Estate Loans — Geographic data : FL (Florida) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q1 2026 value' E: unanswerable: "The context includes only the lead-in sentence for the commercial real estate loan concentration-of-credit-risk tables (page 23); the geography table itself with Florida's percentage of loan principal is not in the retri" D: '3.2' cite t30-line-6 cell=None page=33 row=None col=None D context: ['t30-line-6', '#/tables/8', '#/tables/52', 't10-line-7'] LOST | Q4 2025 Earnings Supplement [11] 'Find Balance Sheet: : Term loans (millions). Return Q4 2025 value' E: '632.5' cite t1-10-1 cell='632.5' page=5 row='Secured term loan, net' col="4Q'25" D: unanswerable: "The retrieved context contains only portfolio detail tables (pages 21-22) and the highlights page; no balance sheet with a 'Term loans' line item is included. The only related mention is a 2025 highlight that the secured" D context: ['t14-line-5', '#/tables/14', '#/tables/13', '#/docling#/tables/0', 't14-line-3'] GAINED | Q4 2025 Earnings Supplement [23] 'Find Unfunded Commitments (millions) (Contractual Obligations: Future Funding Obligations + Equity Method Investment, CMBS B-Pieces). Return Q4 2025 value' E: unanswerable: "The document does not print a combined 'Unfunded Commitments' line; only the 4Q'25 future funding obligations of $419 million is stated (chart, p.24). The CMBS B-Pieces equity method investment is shown as $40.0 million " D: '$419' cite #/pictures/39 cell=None page=24 row=None col=None D context: ['#/pictures/39', '#/tables/14', 't14-line-15', 't14-line-16', '#/tables/15', '#/tables/1'] GAINED | Q4 2025 Earnings Supplement [29] 'Find Portfolio Details: : First mortgages, UPB (Unpaid Principal Balance) (millions) ($ value) (Note 3. Commercial Real Estate Loans). Return Q4 2025 value' E: unanswerable: "The document contains no 'Note 3. Commercial Real Estate Loans' first-mortgage UPB table; the closest disclosed figure is the 4Q'25 Portfolio Details total outstanding principal for Senior Loans ($5,361.9M; committed $5," D: '$5,361.9' cite #/tables/14 cell=None page=22 row=None col=None D context: ['#/tables/14', '#/tables/13', 't14-line-16', 't14-line-7', '#/pictures/39'] LOST | Q4 2025 Earnings Supplement [37] 'Find Portfolio Details: : # of loans. Return Q4 2025 value' E: '53' cite t14-4-0 cell='53' page=22 row='53' col='#' D: unanswerable: "No line explicitly labeled '# of loans' appears; 53 is the highest senior-loan number listed in the 4Q'25 portfolio detail table (consistent with the 4Q'25 risk-rating loan counts of 0+2+46+1+4 = 53)." D context: ['#/tables/13', '#/tables/14', '#/pictures/16', 't14-line-3', 't14-line-5', '#/pictures/39'] LOST | Q4 2025 Earnings Supplement [58] 'Find Loan Ratings:1-rated ($ Value), Outstanding Principal. Return Q4 2025 value' E: '0%' cite fv-84 cell='0%' page=10 row=None col=None D: unanswerable: "The risk-rating distribution chart reports only percentages and loan counts (risk rating 1 = 0%, loan count 0 for 4Q '25); no dollar amount of outstanding principal for 1-rated loans is printed in the context." D context: ['#/pictures/16', '#/tables/14', '#/tables/13', 't14-line-3', 't14-line-2', 'figure-values-p10'] GAINED | Q4 2025 Earnings Supplement [61] 'Find Loan Ratings:4-rated ($ Value), Outstanding Principal. Return Q4 2025 value' E: unanswerable: "The document does not print an aggregate dollar figure for 4-rated loans; the risk-rating chart shows only loan count (1) and 2% of principal for 4Q'25. The $90.7 shown is the outstanding principal of the only loan risk-" D: '90.7' cite t13-28-7 cell='90.7' page=21 row='20' col='' D context: ['#/pictures/16', '#/tables/14', 't14-line-3', 't14-line-2', '#/tables/13'] GAINED | Q4 2025 Earnings Supplement [62] 'Find Loan Ratings:5-rated ($ Value), Outstanding Principal. Return Q4 2025 value' E: unanswerable: "The document does not print a dollar value for 5-rated loans. The risk rating distribution only shows 4 loans rated 5, representing 11% of the portfolio for 4Q'25 (fv-88, fv-93); individual loan outstanding principal amo" D: '$572.2' cite #/tables/13 cell=None page=21 row=None col=None D context: ['#/tables/13', '#/tables/14', 't14-line-3', 't14-line-5', 'figure-values-p10'] LOST | Q4 2025 Earnings Supplement [79] 'Find Portfolio Details: Commercial Real Estate Loans — Geographic data : PA (Pennsylvania) (Geography: % of Principal) (% value) (Concentration of Credit Risk). Return Q4 2025 value' E: '5%' cite #/pictures/52 cell=None page=9 row=None col=None D: unanswerable: "The page 9 KREF loan portfolio geography map tabulates a 5% share attributed to Pennsylvania, but the parsed labels mark that state identification as inferred ('likely'), so the PA figure is not stated unambiguously in t" D context: ['#/pictures/25', '#/pictures/52', 't14-line-12', '#/tables/14', 't14-line-10'] LOST | Q1 2026 Earnings Release [29] 'Find Portfolio Details: : First mortgages, UPB (Unpaid Principal Balance) (millions) ($ value) (Note 3. Commercial Real Estate Loans). Return Q1 2026 value' E: '$ 5,118.9' cite #/tables/1 cell=None page=2 row=None col=None D: unanswerable: "The context only contains the Portfolio Summary table (Senior Loans and Real Estate Assets rows) as of March 31, 2026; it does not include Note 3. Commercial Real Estate Loans or a 'first mortgages, UPB' line item." D context: ['t1-line-1', 't1-line-2', 't1-line-1'] DIFF | Q1 2026 Earnings Release [56] 'Find Portfolio Details: LTV, new originations: weighted average of LTVs. . Calculate Q1 2026 value' E: '72%' cite t0-2-7 cell='72%' page=2 row='Total' col='LTV' D: '66%' cite #/texts/13 cell=None page=1 row=None col=None D context: ['t1-line-5', 't1-line-5', '#/texts/13', 't1-line-4', '#/texts/22', '#/texts/69'] LOST | Q1 2026 Earnings Supplement [19] 'Find Balance Sheet: : Credit & spread marks. Return Q1 2026 value' E: '(258,679)' cite t17-line-4 cell=None page=26 row=None col=None D: unanswerable: "The context contains no balance sheet line item labeled 'Credit & spread marks'; the consolidated balance sheet on page 26 shows only 'Less: Allowance for credit losses' (258,679) and related items, so no figure for the " D context: ['#/pictures/25', '#/tables/13', '#/texts/202', '#/texts/205', 't17-line-4', '#/tables/17', 't17-line-18'] LOST | Q1 2026 Earnings Supplement [34] 'Find Portfolio Details: : Other earning assets (Equity Method Investments: CMBS B-Pieces + Unconsolidated Entity). Return Q1 2026 value' E: '$50.3' cite t16-13-7 cell='$35.4' page=22 row='1' col='Outstanding Principal / Investment Amount' D: unanswerable: "The document does not print a combined 'Other earning assets' figure for Equity Method Investments (CMBS B-Pieces + Unconsolidated Entity). The 1Q'26 Portfolio Details table shows the CMBS B-Piece aggregator equity metho" D context: ['#/tables/16', 't16-line-13', 't16-line-14', '#/tables/17', '#/texts/195', 't17-line-11'] LOST | Q1 2026 Earnings Supplement [37] 'Find Portfolio Details: : # of loans. Return Q1 2026 value' E: '51' cite t16-2-0 cell='51' page=22 row='51' col='#' D: unanswerable: "The retrieved context does not print a total '# of loans' figure for 1Q'26. The only loan-count data is the risk-rating distribution (Rating 1: 0, 2: 2, 3: 41, 4: 4, 5: 4), and the portfolio detail table's total row show" D context: ['#/pictures/44', 't8-line-1', '#/tables/15', 't16-line-20', 't16-line-3'] GAINED | Q4 2025 Earnings Release [19] 'Find Balance Sheet: : Credit & spread marks. Return Q4 2025 value' E: unanswerable: "The document does not use the label 'credit & spread marks'; the closest balance-sheet credit mark disclosed is the CECL allowance of $204.1 million, or ($3.15) per share, at December 31, 2025." D: '74%' cite #/texts/17 cell=None page=1 row=None col=None D context: ['#/texts/24', '#/texts/17', '#/texts/20', 't1-line-5'] LOST | Q4 2025 Earnings Release [29] 'Find Portfolio Details: : First mortgages, UPB (Unpaid Principal Balance) (millions) ($ value) (Note 3. Commercial Real Estate Loans). Return Q4 2025 value' E: '$ 5,361.9' cite t1-1-2 cell='$ 5,361.9' page=3 row='Senior Loans' col='Outstanding Principal / Investment Amount' D: unanswerable: "The context only contains the December 31, 2025 Portfolio Summary table (Senior Loans and Real Estate Assets rows); it does not include Note 3. Commercial Real Estate Loans or a 'first mortgages' unpaid principal balance" D context: ['t1-line-2', 't1-line-1', 't1-line-1'] DIFF | Q4 2025 Earnings Release [38] 'Find Portfolio Details: : LTV (Loan-to-Value). Return Q4 2025 value' E: '66%' cite #/texts/11 cell=None page=1 row=None col=None D: '65%' cite t1-5-6 cell='65%' page=3 row='Total/Weighted Average' col='Weighted Average LTV(D)' D context: ['t1-line-5', 't1-line-1', '#/texts/6', '#/texts/11', 't1-line-4', 't0-line-5', 't0-line-4']