KKR Q3 2022 Earnings Report
Key Takeaways
KKR reported a GAAP Net Income loss attributable to KKR Common Stockholders of $(91.6) million for the quarter. However, AUM increased to $496 billion, up 8% year-over-year, and the company remains optimistic due to $113 billion of dry powder.
Fee Related Earnings (“FRE”) of $542 million ($0.61/adj. share) in the quarter, up 2% year-over-year
After-tax Distributable Earnings (“DE”) of $824 million ($0.93/adj. share) in the quarter, down 11% year-over-year
Assets Under Management (“AUM”) of $496 billion, up 8% year-over-year
Fee Paying Assets Under Management (“FPAUM”) of $398 billion, up 14% year- over-year
KKR
KKR
Forward Guidance
The report does not contain specific forward guidance, but it expresses optimism about future investment opportunities given market dislocations and substantial dry powder.