- KKR & Co. (NYSE:KKR) Q2 after-tax distributable EPS 49 cents compares with 29c in Q1 and 34 cents a year earlier.
- EPS improvement partly from increased management fees, higher level of realized carried interest in private equity investments, and higher level of incentive fees relating to its BDCs.
- As of July 1, KKR completes conversion to a corporation from a limited partnership.
- Book value per share $15.59 at Q2 end vs. $14.20 at Dec. 31, 2017.
- Assets under management $191.3B as of June 30, 2018 vs. $176.4B as of March 31, 2018, increase driven by closing of FS Investments transaction, new capital raised in leveraged credit and infrastructure strategies and an increase in the value of private equity portfolio.
- Management fees totaled $261.5M vs $251.6M in Q1 and $229.6M a year ago.
- Total realized performance income $359.7M vs. $219.0M in Q1 and 267.3M a year ago.
- Total realized investment income $168.7M vs. 80.5M in Q1 and $75.0M a year ago.
- Source: Press Release
- Previously: KKR beats by $0.04, beats on revenue (July 26)
- Now read: Fidus Investment: Quality BDC Yields 11% With Insider Buying - An Opportunity With 36% Return Potential
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