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Kennedy-Wilson Holdings, Inc. - KW STOCK NEWS

Welcome to our dedicated page for Kennedy-Wilson Holdings news (Ticker: KW), a resource for investors and traders seeking the latest updates and insights on Kennedy-Wilson Holdings stock.

Kennedy-Wilson Holdings, Inc. (NYSE: KW) is a prominent global real estate investment company with a strategic focus on multifamily and commercial properties. Operating across the western U.S., U.K., Ireland, Spain, Italy, and Japan, the company excels in owning, operating, and investing in real estate assets through its investment management platform. Kennedy-Wilson's diversified portfolio includes multifamily units, office spaces, retail locations, industrial properties, and even a hotel.

The company operates via two primary business segments. The Consolidated Portfolio encompasses assets wholly owned by Kennedy-Wilson, consisting of multifamily, office, retail, and industrial properties. The Co-Investment Portfolio segment involves assets where Kennedy-Wilson partners with others, earning fees and performance allocations on fee-bearing capital, and profiting from its ownership interests in these partnerships.

To expand its revenue streams, Kennedy-Wilson also offers real estate services, primarily catering to clients in the financial services sector. The firm has an established presence in both the investment and service dimensions of the real estate market, making it a significant player in the industry.

Recent achievements and ongoing projects reflect Kennedy-Wilson's robust growth strategy and presence in key markets. The company continues to capitalize on lucrative opportunities in multifamily and commercial real estate, backed by its comprehensive expertise and strong market positioning.

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Kennedy Wilson (NYSE: KW), a global real estate investment company, will announce its financial results for the second quarter of 2024 on August 7, 2024, after the market closes.

The company will also hold a conference call and webcast to discuss these results on August 8, 2024, at 9:00 a.m. PT / 12:00 p.m. ET.

U.S. participants can join the call by dialing (844) 340-4761, while international callers can use +1 (412) 717-9616. A replay will be available for a week at (877) 344-7529 for U.S. and +1 (412) 317-0088 for international callers, using passcode 5795146. The webcast and its replay will also be accessible via the company's investor relations website.

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Kennedy Wilson (NYSE: KW) and its partner have acquired the Heathrow Estate, a 300,000 square foot industrial property in West London, for $111 million. The property, located in a prime distribution area, is 84% leased to diverse tenants like Asendia and Tailsco. The acquisition expands Kennedy Wilson’s global industrial platform to over 12 million square feet and $2.1 billion in assets under management (AUM). In the UK alone, the company manages about 9 million square feet of industrial space with a 98% occupancy rate. The acquisition was funded with equity and a $73 million loan, with Kennedy Wilson holding a 10% ownership interest and earning fees for asset management.

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Kennedy Wilson, a global real estate investment company, has announced a dividend of $0.12 per common share for the second quarter of 2024. The company aims to retain $66 million per year to strengthen its investment management business, repurchase securities, and reduce leverage.

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Kennedy Wilson Holdings, Inc. reported Q1-2024 results with a significant growth in adjusted net income, a 94% increase in investment management fees, and successful completion of multifamily construction projects. The company also recycled capital from non-core asset sales to enhance core businesses and reduce leverage. The debt investment platform saw a 10% growth to $7.3 billion in Q1-24, with $719 million in new loans originated. Real estate activities included $94 million in acquisitions and $357 million in dispositions. The company's balance sheet showed strong liquidity and a quarterly dividend of $0.12 per share was declared. Kennedy Wilson also repurchased 1.1 million shares in Q1-24.

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Kennedy Wilson and Haseko Acquire Two Multifamily Communities in Vancouver, Washington for $90 Million - A real estate fund managed by Kennedy Wilson has partnered with Haseko to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington. The transaction totals 350 multifamily units purchased for $90 million. The communities contain diverse floor plans, secured gated access, fitness centers, dog parks, pickleball court, pet wash stations, natural green space, and walking trails, providing a comprehensive living experience. The companies aim to leverage their long-term experience in investing in multifamily units across the Pacific Northwest through institutional asset management practices. With an increased presence in the mainland U.S., the joint venture presents an opportunity for sustained growth, expansion, and commitment to diversification.

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Kennedy Wilson (NYSE: KW) plans to announce its first quarter 2024 financial results on May 8, 2024, after the market closes. A live conference call and webcast to discuss the results will be held on May 9, 2024, at 9:00 a.m. PT / 12:00 p.m. ET. Investors can access the call and webcast through provided dial-in numbers and web links. Replays will be available for both the call and webcast.
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Dune Real Estate Partners LP announces promotions for key team members, including Alexander Chan, Monica Scieszka, Paul McLaughlin, and Joshua Hassid. The promotions aim to recognize their contributions and support Dune's growth strategy.
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Kennedy Wilson (KW) announces its real estate debt investment platform has doubled in size to $7 billion in originations with a strong pipeline of new opportunities. The platform, bolstered by a recent acquisition of a $4.1 billion loan portfolio, is expected to close $1.3 billion by Q2 2024. The debt team focuses on multifamily and student housing construction lending opportunities, aiming to grow with high-quality sponsors. Kennedy Wilson plans to roll out a new debt servicing platform in 2024 to further expand its capabilities.
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Kennedy-Wilson Holdings, Inc. (NYSE: KW) reported strong financial results for Q4 and full-year 2023, with a 42% growth in investment management platform and 8% Baseline EBITDA growth. The company faced non-cash impacts of $439 million due to a decline in real estate values. Strategic asset sales and cost reduction plans aim to enhance cash flow. Investment management fees grew by 44%, and Fee-Bearing Capital reached a record $8.4 billion. Debt Investment Platform saw significant growth. The Company is on track with multifamily and office development projects.
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Kennedy Wilson (KW) declares a quarterly dividend of $0.24 per share, totaling $0.96 annually, payable to common shareholders on April 4, 2024.
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FAQ

What is Kennedy-Wilson Holdings, Inc.?

Kennedy-Wilson Holdings, Inc. is a global real estate investment company specializing in multifamily and commercial properties.

What are the main business segments of Kennedy-Wilson?

The company operates through two segments: the Consolidated Portfolio and the Co-Investment Portfolio.

In which regions does Kennedy-Wilson operate?

Kennedy-Wilson operates in the western U.S., U.K., Ireland, Spain, Italy, and Japan.

What types of properties does Kennedy-Wilson focus on?

Kennedy-Wilson focuses on multifamily units, office spaces, retail locations, industrial properties, and a hotel.

How does Kennedy-Wilson generate revenue?

The company generates revenue through ownership of real estate, investment management fees, performance allocations, and real estate services.

What is the Co-Investment Portfolio?

The Co-Investment Portfolio consists of investments made with partners, where Kennedy-Wilson earns fees, performance allocations, and profits from its ownership interests.

Does Kennedy-Wilson provide real estate services?

Yes, Kennedy-Wilson provides real estate services, primarily to clients in the financial services sector.

Where can I find more information about Kennedy-Wilson?

For more information, you can visit their official website at www.kennedywilson.com.

What recent achievements has Kennedy-Wilson made?

Kennedy-Wilson has continued to expand its portfolio and capitalize on investment opportunities in key markets.

What is the Consolidated Portfolio?

The Consolidated Portfolio includes investment activities involving the ownership of multifamily units, office, retail, and industrial spaces, and one hotel.

Kennedy-Wilson Holdings, Inc.

NYSE:KW

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KW Stock Data

1.50B
137.53M
14.07%
90.13%
5.29%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
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