KKR Real Estate Finance is up 22% over the last year, now trading at a 24% discount to book value with a 9% dividend yield. KREF held $105 million in cash and cash equivalents with available liquidity at $685 million at the end of its fiscal 2024 fourth quarter. The mREIT is shifting its focus to a more aggressive loan origination stance to drive growth in 2025.
KKR has announced an agreement with leading Swedish developers Reliwe and The Derome Group to purchase three multi-family properties currently under development in Haninge, located just south of downtown Stockholm. These are three new properties totaling 382 residential units, scheduled for completion between late 2026 and early 2027. The properties are located next to a bus and train station, offering excellent connectivity to downtown Stockholm. ' We are delighted to be making our first residential investment in Stockholm, which is an attractive market where we are seeing strong momentum towards our goal of building a portfolio of residential units by teaming up with leading partners such as Reliwe and Derome,' said Alexander Thams, head of Nordic real estate for KKR. With Stockholm's strong residential market fundamentals and innovative use of wood construction, we see significant potential to create value for our investors while making a positive contribution to the community.Copyright (c) 2025 CercleFinance.com. All rights reserved.
U.S. private equity firm KKR has secured a 57.92% stake in Fuji Soft after the second stage of its tender offer bid, ending a fierce battle with rival Bain Capital to take the Japanese software developer private.
Assura Group (LSE:AGR) has confirmed what the market already knew, that it rejected a fourth takeover offer from US private equity firm KKR. The board of the healthcare focused real estate investment trust said the most recent cash offer, priced at 48p per share, had been considered "carefully" with its advisers and together they concluded it "materially undervalued the company and its prospects".
U.S. fund KKR has signed an agreement with Italy's Eni to buy an additional 5% stake in Eni's biofuel business Enilive for 587.5 million euros ($614.17 million), bringing its total stake to 30%, the energy group said on Tuesday.
British healthcare real estate investment trust Assura has rejected a 1.56 billion pound ($1.96 billion) proposal from KKR and pension fund Universities Superannuation Scheme, the U.S.-based private equity group said on Monday.
U.S. private equity firm Bain Capital said on Monday it will not launch a tender offer for Fuji Soft , formally ending a takeover battle with rival KKR for the Japanese IT company.
Australia's Perpetual Ltd on Monday confirmed it received an indicative buyout offer from KKR & Co though the latest revised proposal and its quantum were not accurately described in the media.
British healthcare real estate investment trust Assura said on Friday it had received a preliminary approach from KKR and UK-based pension fund Universities Superannuation Scheme.
KKR reported Q4 and full-year 2024 with higher-than-expected adjusted EPS of $1.32 but saw a stock drop due to disappointing fee-paying AUM. Management is optimistic for 2025, expecting more exits and deployment opportunities despite potential volatility in the investment environment. KKR's stock is a "buy" due to strong fee-related earnings growth, attractive valuation, and diversified strategies. Coupled with a slight share price dip.
FSK is undervalued, trading at a discount to NAV, with strong NII and a high distribution yield, making it an attractive investment. FSK's portfolio is well-diversified, with 67% senior secured investments and 88.5% floating rate debt, protecting against interest rate changes. FSK is positioned to benefit from expected market conditions in 2025, with opportunities for increased originations and improved credit metrics.
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