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Sep 30, 2022
KKR Q3 2022 Earnings Report
KKR's business model demonstrated strength and resiliency, with AUM more than doubling over the last two years and Real Assets AUM more than tripling.
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
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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