Kkr & Co Inc Stock Price, News & Analysis

KKR announced the sale of C.H.I. Overhead Doors to Nucor Corporation for $3.0 billion, marking a 10x return on invested equity. C.H.I. employees will receive substantial payouts from their equity, averaging $175,000 per employee. KKR transformed C.H.I. from 2015, with EBITDA growing nearly 4x and revenue increasing by almost 120%. The transaction awaits regulatory approval and is set to close in late Q2 or early Q3 2022.

KKR has acquired five new self-storage properties totaling approximately 4,100 units for around $98 million. The properties are located in Phoenix, Dallas, San Antonio, and Palm City, reflecting KKR's strategy to expand its portfolio in high-growth Sunbelt markets. These acquisitions were made through KKR's opportunistic equity real estate fund, KKR Real Estate Partners Americas III. Since 2011, KKR has increased its real estate assets under management to about $59 billion, emphasizing a disciplined investment approach.

KKR & Co. Inc. (NYSE: KKR) has priced an offering of $750,000,000 aggregate principal amount of 4.850% Senior Notes due 2032. The notes will be wholly guaranteed by KKR and its subsidiary, KKR Group Finance Co. XII LLC. Proceeds from this offering will be utilized for general corporate purposes. The notes will be offered primarily to qualified institutional buyers under Rule 144A and outside the U.S. under Regulation S. It is emphasized that these notes are not registered under the Securities Act and are subject to specific regulations.

KKR Real Estate Select Trust Inc. (KREST) has completed four real estate debt investments totaling $234 million, increasing its portfolio allocation in this sector to approximately 28% as of March 31, 2022. These investments, with an estimated first-year yield of 8.6%, include properties like The Old Post Office in Chicago and the American Copper Buildings in NYC. KREST focuses on income-oriented investments backed by high-quality real estate with consistent cash flow, targeting private debt and CMBS opportunities.

KKR has announced the expansion of its industrial real estate strategy in the U.S. through the development of eight logistics projects across Atlanta, Dallas, Denver, and Orlando. The initiative is managed by industry veterans Greg Bradley and Matt Singleton at Alpha Industrial Properties, with projects expected to deliver 1.8 million square feet of space. KKR's investments are supported by a $200 million construction facility from Square Mile Capital and BMO Harris Bank, reinforcing KKR's presence in high-demand markets.

KKR & Co. Inc. (NYSE: KKR) has released its first quarter 2022 results, accessible on its Investor Center page. A conference call to discuss these financial results is scheduled for May 3, 2022, at 10:00 a.m. ET, with options for both U.S. and international callers to participate. KKR is recognized as a global investment firm focused on alternative asset management and offering various capital markets and insurance solutions aimed at generating attractive investment returns.

KKR has acquired seven industrial distribution buildings in Dallas-Fort Worth and Atlanta, totaling 1.8 million square feet for about $272 million. The transactions involved high-quality Class A assets in fast-growing markets with a diverse tenant mix, including e-commerce and logistics companies. Since 2018, KKR has invested approximately $7 billion in logistics assets and currently manages over 45 million square feet of industrial real estate in the U.S. The firm has grown its real estate assets under management to $41 billion globally.

Global Atlantic Financial Group has appointed Peggy Poon as Treasurer to enhance its capital markets presence. Since joining in 2020, she has been pivotal in funding strategies and successfully led the company into the funding agreement-backed notes market, raising over $5 billion. Philip Sherrill, Chief Strategy Officer, emphasized her leadership and value creation for stakeholders. Prior to this role, Poon was a Director at S&P Global Ratings.

Global Atlantic is a prominent player in the U.S. annuity and life insurance sector and is majority-owned by KKR.

KKR has completed the acquisition of Mitsubishi Corp.-UBS Realty Inc., now rebranded as KJR Management. This strategic move strengthens KKR's commitment to Japan and increases its global real estate assets under management to US$54 billion. The acquisition includes all shares of MC-UBSR and interests in two managed funds, Japan Metropolitan Fund Investment Corporation and Industrial & Infrastructure Fund Investment Corporation. The existing team of approximately 160 professionals will continue to operate under the new management.