KKR Real Estate Finance Trust Inc. Declares Quarterly Dividend of $0.37 Per Share of Common Stock

NEW YORK–(BUSINESS WIRE)–KKR Real Estate Finance Trust Inc. (NYSE:KREF) today announced that the
Board of Directors has declared a dividend of $0.37 per share of common
stock and special voting preferred stock with respect to the third
quarter of 2017. The dividend is payable on October 12, 2017 to KREF’s
common stockholders and its special voting preferred stockholders of
record as of September 30, 2017.

About KREF

KKR Real Estate Finance Trust Inc. (NYSE: KREF) is a real estate
investment trust that primarily originates or acquires senior loans
collateralized by institutional-quality commercial real estate assets
that are owned and operated by experienced and well capitalized sponsors
and located in liquid markets with strong underlying fundamentals. The
Company’s target assets also include mezzanine loans, preferred equity
and other debt-oriented instruments with these characteristics. The
Company is externally managed and advised by KKR Real Estate Finance
Manager LLC, a registered investment adviser and a subsidiary of KKR &
Co. L.P., a leading global alternative investment firm with a 40-year
history of leadership, innovation and investment excellence and
approximately $148.5 billion of assets under management as of June 30,
2017. Additional information can be found on the Company’s website at www.kkrreit.com.

Forward-Looking Statements

This release contains certain 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, which
reflect the Company’s 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 as “outlook,”
“believe,” “expect,” “potential,” “continue,” “may,” “should,” “seek,”
“approximately,” “predict,” “intend,” “will,” “plan,” “estimate,”
“anticipate,” the negative version of these words, other comparable
words or other statements that do not relate strictly to historical or
factual matters. The forward-looking statements are based on the
Company’s 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 possible 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: the general political,
economic and competitive conditions in the United States and in any
foreign jurisdictions in which the Company invests; the level and
volatility of prevailing interest rates and credit spreads; adverse
changes in the real estate and real estate capital markets; general
volatility of the securities markets in which the Company participates;
changes in the Company’s business, investment strategies or target
assets; difficulty in obtaining financing or raising capital; reductions
in the yield on the Company’s investments and increases in the cost of
the Company’s financing; deterioration in the performance of properties
securing the Company’s investments that may cause deterioration in the
performance of the Company’s investments and potentially principal
losses to the Company; defaults by borrowers in paying debt service on
outstanding indebtedness; the adequacy of collateral securing the
Company’s investments and declines in the fair value of the Company’s
investments; the Company’s qualification as a REIT for U.S. federal
income tax purposes and the Company’s exclusion from registration under
the Investment Company Act; and other risks and uncertainties, including
those described under the section entitled “Risk Factors” in the
Company’s prospectus dated May 4, 2017, filed with the SEC on May 8,
2017, as such factors may be updated from time to time in the Company’s
periodic filings with the SEC, which are accessible on the SEC’s 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. These 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’s filings with
the SEC. 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 a
result of new information, future developments or otherwise, except as
required by law.


For KKR Real Estate Finance Trust Inc.
Huller / Cara Kleiman, 212-750-8300

Sasha Barenbaum, 212-401-0447