KKR & Co. Inc. - KKR STOCK NEWS

FS KKR Capital Corp. (NYSE: FSK) reported a strong second quarter for 2021, achieving net investment income of $116 million, or $0.77 per share, up from $0.63 per share in the previous quarter. The net asset value (NAV) increased by 3.1% to $26.84 per share. FSK's merger with FS KKR Capital Corp. II on June 16 boosted assets to approximately $15.7 billion. The company plans to distribute a $0.65 per share dividend for Q3 2021. Total investments stood at $14.7 billion, with a weighted average yield on debt investments at 9.2%.

KKR has acquired Park 70, a Class A industrial building in Aurora, Colorado, totaling approximately 164,000 square feet. This marks KKR's third industrial real estate acquisition in the Denver market this year, executed through its Americas opportunistic equity real estate strategy. Completed in 2020, Park 70 features a 32-foot clear height and is strategically located near major highways. KKR continues to grow its industrial real estate portfolio, owning over 35 million square feet across the U.S. and managing approximately $32 billion in real estate assets worldwide as of mid-2021.

KKR & Co. Inc. reported its second-quarter 2021 results, available on their Investor Center website. A conference call to discuss these results is scheduled for August 3, 2021, at 10:00 a.m. ET, accessible via phone or live stream. KKR is a prominent investment firm specializing in alternative asset management, capital markets, and insurance solutions, focusing on generating strong investment returns through a disciplined approach and supporting growth in its portfolio companies.

KKR has acquired a 505,906 square foot industrial distribution property in Bloomington, California, fully leased to an investment-grade tenant on a long-term basis. This acquisition enhances KKR's industrial real estate footprint in the Inland Empire to nearly four million square feet. The property, completed in 2019, features modern amenities, including a 36’ clear height. KKR's investment strategy aligns with increasing e-Commerce demands for advanced distribution centers in key locations. As of March 31, 2021, KKR's real estate assets under management amounted to approximately $28 billion across various regions.

KKR Real Estate Select Trust Inc. (KREST) has acquired the HQ @ First, a 603,666 square-foot office campus in Silicon Valley, from MORI TRUST CO., LTD. The property, which is fully leased to a leading technology company, features modern amenities and is located in a prime area. This acquisition grows KREST's portfolio value to over $1 billion and is part of its strategy targeting high-quality commercial real estate. KKR has made over $4 billion in property acquisitions on the West Coast in the past 24 months, highlighting its commitment to real estate investment.

Camden Homes has secured a $375 million credit facility from Global Atlantic Financial Group to finance the long-term hold of approximately 2,000 single-family rental homes across Texas. This initiative aligns with Camden's mission to enhance living conditions and expand quality rental options in existing communities and future developments. The company will continue to allocate a substantial portion of its pipeline for owner-occupied housing. Legal advisement was provided by Greenberg Traurig and Sidley Austin, along with Ackman-Ziff Real Estate Group for Camden.

Sapphiros, backed by KKR, has appointed Mark Gladwell as COO and Dr. Niall Armes as CTO. Both will support the platform's mission to enhance diagnostics through innovative technologies. Gladwell brings over 20 years of operational experience from companies like Smith+Nephew and QIAGEN, while Dr. Armes is a pioneer in DNA amplification technology and has a strong track record in diagnostics. The appointments aim to strengthen Sapphiros' portfolio and drive growth in the diagnostics sector.

Optiv Security is promoting its Zero Trust Readiness Assessment to assist companies in enhancing their cybersecurity measures. The Zero Trust model emphasizes strict access controls and does not trust any user or device by default. This strategic approach aims to reduce risks from ransomware and insider threats, secure complex networks, and minimize security vulnerabilities as businesses transition to the cloud. Optiv's assessment guides organizations through their Zero Trust journey, focusing on integrated solutions and improved security measures in an increasingly connected world.

KKR has acquired three self-storage properties in Austin, Texas, and Nashville, Tennessee, marking its first investment in the self-storage sector. The properties consist of approximately 1,800 storage units, built between 2019 and 2020, purchased for about $36 million. This acquisition is part of KKR's Americas opportunistic equity real estate strategy. KKR anticipates further growth in self-storage investments, driven by strong supply-demand fundamentals and resilience through economic cycles.