KKR +3.6% after strong quarter

|About: KKR (KKR)|By:, SA News Editor

Q3 after-tax economic net income of $598.2M or $0.71 per share vs. a loss of $314.8M and $0.37 a year ago. Distributable earnings of $461.5M vs. $333.1M a year ago.

Robust realizations included a number of secondary offerings, strategic sales, dividend recaps, and other non-PE activity during quarter.

AUM of $131B up 17% from one year ago. Management fees of $795M over the last 12 months compares to $732M earned in 2015.

YTD P-E fund performance: North America XI +16%, Europe III +18%, Asia II +23%.

Conference call at 10 ET

Earnings presentation

Previously: KKR beats by $0.16, beats on revenue (Oct. 25)

KKR +3.6%

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