KKR reports 42% drop in earnings on lower asset sales

Business News News

KKR reports 42% drop in earnings on lower asset sales
Business Business Latest News,Business Business Headlines

KKR & Co Inc said on Tuesday its fourth-quarter after-tax distributable earnings dropped 42% year-on-year, driven by asset sale declines in its private equity portfolio and lower transaction fees in the capital markets division.

Even with the slowdown in asset sales, KKR expects to boost profit from divestments in the first quarter to $250 million, KKR Chief Financial Officer Robert Lewin said during an analyst earnings call on Tuesday.

had reported that its opportunistic and core real estate funds depreciated by 2% and 1.5%, respectively, while its corporate private equity funds gained 3.8%.

 

Business Business Latest News, Business Business Headlines



Render Time: 2025-01-10 04:12:52