KKR Real Estate: Q2 Earnings Snapshot
On a per-share basis, the New York-based company said it had a loss of 53 cents.
The real estate finance company posted revenue of $112.3 million in the period. Its adjusted revenue was $30.2 million.
_____
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
7 minutes ago
- Business Insider
A 'seismic' 39% tariff on Switzerland is rocking the watch world, and even pre-owned Rolexes could see price hikes
Watch collectors might want to skip the Rolex boutique and head straight for the pawn shop this year. That is, if the Trump administration's new 39% tariff on goods from Switzerland sticks. The White House released updated tariff plans on Thursday, raising the rate from the proposed 31% announced earlier this year. The tariff escalation caught the watch community off guard. Switzerland is a manufacturing hub for luxury watches like Rolex and Cartier. Eugene Tutunikov, CEO of watch marketplace Swiss Watch Expo, told Business Insider the announcement "was a complete shock" and that "its effects will be immediate." Leading brands, including Rolex, have already raised prices in the US this year, likely in response to tariffs, Morgan Stanley analysts wrote in a July report about the Swiss watch market. US imports of Swiss goods have faced a 10% baseline tariff since April. A new 39% tariff on Swiss imports to the US would put more pressure on luxury watchmakers. That could lead to higher prices on Swiss-made goods shipped to the US, or less inventory for American shoppers. While the Swiss government could still try to negotiate, the tariff is currently set to take effect on August 7. Collectors and watchmakers may soon have to reckon with this new reality. Joshua Ganjei, CEO of watch marketplace European Watch Company, thinks more shoppers will turn to pre-owned models of high-end watches like Rolexes over brand-new ones. After all, a secondhand watch from a US-based seller won't face the added cost of a new Swiss-made model shipped from overseas. "For many American collectors, the 39% tariff instantly turned new releases from Swiss brands into a luxury few can justify," Ganjei said. According to the Morgan Stanley report, pre-owned watch dealers have reported an increase in demand this year since Swiss-made brands began raising their prices in the US. Prices in the secondhand market have been falling since mid-2022, though the rate of decline has narrowed. Pre-owned watches could also get more expensive, though. While the inventory already in the US won't face tariffs, heightened demand could drive up prices on the secondary market as well. Tutunikov said he thinks the pre-owned market will react to higher tariffs "much faster" than large retailers and hike prices sooner. He expects prices on the secondary market to jump as much as 10% in the next month and potentially reach up to 35% in the next six months, "as demand overwhelmingly shifts to available inventory." "This isn't just a tax; it's a seismic event that will cause a stark divergence between the new and pre-owned markets," Tutunikov said.
Yahoo
10 minutes ago
- Yahoo
Why AbbVie Stock Flew Higher on Friday
Key Points A trio of analysts raised their price targets on the pharmaceutical sector mainstay. This came a day after it published second-quarter results. 10 stocks we like better than AbbVie › A bellwether stock in the lately rather up-and-down pharmaceutical sector, AbbVie (NYSE: ABBV) finished the trading week in style. The company's shares closed more than 3% higher in price thanks in no small part to a clutch of post-earnings analyst price-target increases. With that performance, Abbvie crushed the S&P 500 index, which dived by 1.6% on the day. A bullish stampede As typically happens when a publicly traded company posts better-than-expected quarterly results, those pundits made the positive changes a day after AbbVie published its estimates-besting second-quarter figures. None of the price-target hikes were particularly dramatic, but since they came from analysts already bullish on AbbVie, they boosted sentiment on the stock. Morgan Stanley's Terrance Flynn now feels the shares are worth $255 apiece, up from his previous level of $250. His peers Gary Nachman at Raymond James and Guggenheim's Vamil Divan also upped their fair value assessments. In the former's case, he added $9 per share for a new price target of $236, while the latter increased his to $227 from $216. All three analysts maintained their equivalent of a buy recommendation on the stock. Blockbuster success Divan's note detailing his price-target change indicated the general tone of those modifications. According to reports, the pundit expressed admiration for the company's performance, singling out the growth in sales of certain blockbuster drugs, notably Skyrizi. Divan pointed out that much of this improvement was due to volume growth, meaning demand remains strong for such products. Should you buy stock in AbbVie right now? Before you buy stock in AbbVie, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and AbbVie wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends AbbVie. The Motley Fool has a disclosure policy. Why AbbVie Stock Flew Higher on Friday was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 minutes ago
- Yahoo
The Stock Market Has Never Been Pricier, According to Warren Buffett's Favorite Valuation Tool -- and History Is Clear What Happens Next
Key Points The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average have endured a bumpy ride in 2025, filled with historic moves in both directions. The "Buffett Indicator" just reached its highest level in 55 years -- and historical precedent serves as a warning for Wall Street. Warren Buffett is a long-term investor for one key reason: He understands that economic and stock market cycles aren't linear. 10 stocks we like better than S&P 500 Index › Though the stock market has been a bona fide wealth creator for well over a century, this doesn't mean stocks rise in an orderly fashion. Through the first seven months of 2025, investors have been taken on quite the historic ride. In early April, the iconic S&P 500 (SNPINDEX: ^GSPC) shed 10.5% of its value in just two trading sessions, which marked its fifth-steepest two-day percentage decline dating back to 1950. The struggle was also felt by the growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC) and ageless Dow Jones Industrial Average (DJINDICES: ^DJI), which respectively fell into a bear market (Nasdaq) and correction territory (Dow). However, Wall Street's relatively short-lived swoon sparked by President Donald Trump's tariff and trade policy quickly gave way to a booming bull market. The S&P 500 has enjoyed one of its strongest three-month returns in 75 years, with it and the Nasdaq Composite blasting to numerous record-closing highs. But though optimism is high, so are stock valuations. Based on billionaire Warren Buffett's favorite valuation tool, the stock market has never been pricier -- and history is crystal clear what comes next for stocks. A grim reality: The stock market has never been more expensive To preface the following discussion, "value" is something of a subjective term. What you believe is a bargain might be viewed as pricey by another investor. This subjectivity toward stock valuations is what makes the stock market so dynamic and unpredictable. For most investors, the traditional price-to-earnings (P/E) ratio is the go-to when valuing stocks. The P/E ratio is arrived at by dividing a company's share price by its trailing-12-month earnings per share (EPS). Generally, a lower P/E ratio equates to a perceived-to-be cheaper stock -- but comparisons need to be made among a company's peers to confirm this. While the P/E ratio is a fantastic tool for quickly evaluating mature businesses, it loses its luster during recessions or when attempting to value growth stocks. For Berkshire Hathaway's (NYSE: BRK.A)(NYSE: BRK.B) billionaire CEO Warren Buffett, no valuation tool holds more historical importance than the market cap-to-GDP ratio. This measure adds up the total value of all publicly traded companies and divides it by U.S. gross domestic product (GDP). Ideally, a lower number is indicative of cheaper valuations for equities. In a rare interview with Fortune magazine nearly a quarter-century ago, Buffett referred to the market cap-to-GDP ratio as "probably the best single measure of where valuations stand at any given moment." Perhaps unsurprisingly, given the Oracle of Omaha's investment success at Berkshire Hathaway, this valuation measure became known as the "Buffett Indicator." Recently, the Buffett Indicator has pushed to never-before-seen levels. When back-tested to 1970, the Buffett Indicator has averaged a reading of 85%, which is to say that the aggregate value of all stocks has averaged about 85% of U.S. GDP spanning 55 years. In recent trading sessions, this ratio has pushed above 213%, equating to a roughly 151% premium to its mean since 1970. Previous instances where the Buffett Indicator decisively moved to new highs were eventually followed by significant pullbacks in the benchmark S&P 500, Nasdaq Composite, and Dow Jones Industrial Average. For example, the Buffett Indicator topped out at 195.62% on Nov. 7, 2021, just two months prior to the 2022 bear market taking shape. This bear market eventually lopped 25% off of the broad-based S&P 500, and even more from the growth-heavy Nasdaq. On March 23, 2000, immediately prior to the bursting of the dot-com bubble, the Buffett Indicator rocketed to 144.25%, representing a mammoth increase from the sub-60% range it had settled into in December 1994. The S&P 500 and Nasdaq respectively lost 49% and 78% when the dot-com bubble burst. The point being that premium valuations have historically been a warning to Wall Street that it's not a matter of "if" but "when" significant downside pressure on equities returns. Even though it's been a very long time since Buffett has referenced the market-cap-to-GDP ratio, his actions speak loudly. Through the end of March 2025, he's been a net seller of stocks for 10 consecutive quarters, to the cumulative tune of $174.4 billion. Berkshire's billionaire chief is a stickler for value, and he's struggling to find a good deal on Wall Street. The historical warning signs couldn't be more evident for investors. Warren Buffett is a long-term investor for a reason! Although historical precedent couldn't be clearer, it's important for investors not to be too focused on short-term directional movements. While Buffett has been a very selective buyer for nearly three years, he and his trusted top advisors continue to hold dozens of stocks for the long term. For decades, Berkshire Hathaway's billionaire chief has approached nearly all of his investments with the idea that he'll be holding for years, if not considerably longer. The reason for approaching investments this way is simple: Economic and stock market cycles aren't linear. The Oracle of Omaha isn't oblivious to the fact that economic downturns and stock market corrections are going to occur. He just understands that time is working in his favor. Since the end of World War II nearly 80 years ago, the average U.S. recession has lasted only 10 months, and the longest downturn on record endured for just 18 months. In comparison, the typical period of economic growth clocks in at approximately five years, with two growth spurts surpassing the decade mark. Buffett and his team have listened to what history has to say and angled Berkshire Hathaway's investment portfolio to take advantage of long-winded economic expansions. This disparity observed in economic cycles is readily visible in the stock market, as well. In June 2023, which is when the S&P 500 officially entered a new bull market following its 2022 bear market tumble, the analysts at Bespoke Investment Group published a data set on X (formerly Twitter) comparing the length of every S&P 500 bull and bear market dating back to the start of the Great Depression (September 1929). In total, there were 27 separate bull and bear market events covering this nearly 94-year period. Whereas the average S&P 500 bear market resolved in just 286 calendar days, or less than 10 months, the typical bull market endured for 1,011 calendar days, or roughly two years and nine months. The reason Warren Buffett doesn't spend too much of his time worrying about inevitable stock market downturns is because they're short-lived. He relies on this numbers game to put the odds of making money on Wall Street decisively in his favor. Even if history repeats and the priciest stock market on record comes tumbling down at some point in the not-too-distant future, historical precedent also shows that, over multidecade timelines, the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average can be counted on to move progressively higher. Do the experts think S&P 500 Index is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did S&P 500 Index make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,036% vs. just 181% for the S&P — that is beating the market by 855.09%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool has a disclosure policy. The Stock Market Has Never Been Pricier, According to Warren Buffett's Favorite Valuation Tool -- and History Is Clear What Happens Next was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
