Why KKR Stock Rallied 10.5% in May

Shares of KKR (NYSE: KKR) jumped 10.5% in May, according to data provided by S&P Global Market Intelligence. The private equity giant had a busy month, reporting its first-quarter results and securing several new strategic partnerships. KKR reported strong first-quarter results in early May. The private equity giant delivered 20%+ growth in its fee-related earnings, total operating earnings, and adjusted net income. It also grew its assets under management (AUM) by 13% to $578 million, raising an impressive $31 billion of new capital in the quarter. KKR also formed several new strategic partnerships last month. For example, it signed a strategic joint venture with healthcare real estate investment trust (REIT) Healthcare Realty (NYSE: HR) to jointly own and invest in medical outpatient buildings. The REIT will contribute 12 existing properties worth $383 million. Healthcare Realty will receive $300 million and own a 20% stake in the joint venture. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel