KKR Real Estate Finance Trust Inc. (the "Company" or "KREF") (NYSE:KREF) today announced the tax treatment of its 2025 common stock and 6.50% Series A Cumulative Redeemable Preferred Stock (the "Series A Preferred Stock") dividends. The following table summarizes KKR Real Estate Finance Trust Inc.'s common stock and Series A Preferred Stock dividend payments for the tax year ended December 31, 2025:

Tax Treatment of 2025 Common Stock Dividends
Record Date	Payment Date	Cash Distribution	Adjustment	Total Distribution	Ordinary Dividends	Qualified Dividends	Capital Gain Dividends	Return of Capital	Section 199A Dividends
December 31, 2024	January 15, 2025	$0.25000	$0.00000	$0.25000	$0.15807	$0.00000	$0.00000	$0.09193	$0.15807
March 31, 2025	April 15, 2025	$0.25000	$0.00000	$0.25000	$0.15807	$0.00000	$0.00000	$0.09193	$0.15807
June 30, 2025	July 15, 2025	$0.25000	$0.00000	$0.25000	$0.15807	$0.00000	$0.00000	$0.09193	$0.15807
September 30, 2025	October 15, 2025	$0.25000	$0.00000	$0.25000	$0.15807	$0.00000	$0.00000	$0.09193	$0.15807
		$1.00000	$0.00000	$1.00000	$0.63228	$0.00000	$0.00000	$0.36772	$0.63228



Tax Treatment of 2025 Series A Preferred Stock Dividends
Record Date	Payment Date	Cash Distribution	Adjustment	Dividend	Ordinary Dividends	Qualified Dividends	Capital Gain Dividends	Return of Capital	Section 199A Dividends
February 28, 2025	March 14, 2025	$0.40625	$0.00000	$0.40625	$0.40625	$0.00000	$0.00000	$0.00000	$0.40625
May 30, 2025	June 13, 2025	$0.40625	$0.00000	$0.40625	$0.40625	$0.00000	$0.00000	$0.00000	$0.40625
August 29, 2025	September 15, 2025	$0.40625	$0.00000	$0.40625	$0.40625	$0.00000	$0.00000	$0.00000	$0.40625
November 28, 2025	December 15, 2025	$0.40625	$0.00000	$0.40625	$0.40625	$0.00000	$0.00000	$0.00000	$0.40625
		$1.62500	$0.00000	$1.62500	$1.62500	$0.00000	$0.00000	$0.00000	$1.62500

About KKR Real Estate Finance Trust Inc.

KREF is a real estate finance company that focuses primarily on originating and acquiring senior loans secured by commercial real estate properties. KREF is externally managed and advised by an affiliate of KKR & Co. Inc. For additional information about KREF, please visit its website at www.kkrreit.com.

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MEDIA CONTACT:

Brooke Rustad

Tel: 646-823-0893

media@kkr.com

INVESTOR RELATIONS CONTACT:

Jack Switala

Tel: 212-763-9048

kref-ir@kkr.com

KKR Real Estate Finance Trust Inc. Tax Treatment of 2025 Dividends