Kennedy-Wilson Holdings Inc Stock Price, News & Analysis

Kennedy Wilson (NYSE:KW) has acquired three apartment communities totaling 640 units for $143 million and a fully entitled Opportunity Zone site for 240 units in Boise, Idaho. The company has invested $68 million in equity across these properties, maintaining a 95% ownership stake. These investments aim to capitalize on growing population trends in Boise, with an expected addition of $9.4 million in net operating income. Additionally, Kennedy Wilson plans to enhance existing amenities and develop a 240-unit community focusing on sustainability, with estimated construction costs of $60 million.

Kennedy-Wilson Holdings, Inc. (NYSE: KW) reported its 1Q-2021 results, showing a GAAP net loss of $5.6 million, improved from a loss of $9.9 million in 1Q-2020. Adjusted EBITDA increased by 14% to $128 million, with share of gains from real estate sales at $70 million. Fee-bearing capital rose 5% to $4.1 billion, and the U.S. debt platform grew 17%, while European logistics assets saw an 89% increase. The company completed $377 million in property acquisitions, generating significant cash flow from recent dispositions, including a $220 million sale in London.

Kennedy Wilson (NYSE: KW) has announced a quarterly dividend of $0.22 per share for common shareholders, payable on July 8, 2021, to those on record by June 30, 2021. This dividend translates to an annual rate of $0.88 per share, reflecting the company's ongoing commitment to return value to shareholders. Kennedy Wilson focuses on multifamily and office properties primarily in the Western U.S., U.K., and Ireland.

Kennedy Wilson (NYSE: KW) plans to release its first quarter 2021 financial results on May 5, 2021, after market closure. A conference call to discuss these results will occur on May 6, 2021, at 7:00 a.m. PT. U.S. callers can join at (844) 340-4761 and international callers at +1 (412) 717-9616. A replay will be available for a week at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 internationally, using passcode 10154188. The webcast can be accessed online and will be available for three months.

Kennedy Wilson (NYSE: KW) has surpassed $1 billion in loans through its debt investment platform, focusing on high-quality real estate primarily in the Western U.S. This achievement follows the launch of a new $2 billion debt platform in 2020. The current debt portfolio includes 16 loans backed by multifamily and office properties in California, Washington, and Colorado. With $93 million of committed capital in loans, Kennedy Wilson aims to capitalize on opportunities in the market while continuing its successful history of real estate-related debt investments, totaling approximately $7 billion since 2010.

Kennedy Wilson has announced the redemption of all outstanding 5.875% Senior Notes due 2024 at a price of 100.979% of their principal amount. The redemption date is set for April 1, 2021, with accrued interest to be paid to holders of record as of March 15, 2021. As of March 2, 2021, $573,134,000 of Senior Notes remain outstanding. Holders will receive a notice via the Depository Trust Company, with Wilmington Trust serving as the paying agent.

Kennedy Wilson is a global leader in real estate investment, focusing on multifamily and office properties.

Kennedy Wilson announced the pricing of its offering of $100 million in senior notes: 4.75% due 2029 and 5.00% due 2031. The total offering size was increased from $150 million. The notes will be fungible with previously issued notes, totaling $1 billion. The net proceeds are expected to be around $201.9 million, aimed at redeeming $573.1 million of existing 5.875% senior notes due 2024, and reducing revolving credit. Closing is anticipated on March 15, 2021. The offering follows SEC regulations and involves multiple financial institutions as managers.

Kennedy Wilson, a global real estate investment firm (NYSE:KW), has initiated a $150 million offering of senior notes, including 2029 and 2031 notes. These notes will supplement the previously issued $500 million in 4.75% and 5.00% senior notes. Proceeds will primarily be used to redeem $573.1 million of 5.875% senior notes due 2024. The offering is under an effective SEC registration statement, with multiple financial institutions managing the issuance. Kennedy Wilson focuses on multifamily and office properties in the U.S., U.K., and Ireland.