Kennedy-Wilson Holdings Inc Stock Price, News & Analysis

Kennedy Wilson (NYSE: KW), a global real estate investment company, will announce its first quarter 2023 financial results on May 3, 2023, after market closure. The company plans to hold a live conference call and webcast to discuss these results on May 4, 2023, at 9:00 a.m. PT / 12:00 p.m. ET. For U.S. participants, the direct dial-in number is (844) 340-4761, while international callers can dial +1 (412) 717-9616. A replay of the call will be available for one week. The webcast can be accessed for three months via the company’s investor relations webpage.

Kennedy Wilson Holdings, Inc. (NYSE: KW) reported its Q4 and full-year 2022 results, highlighting challenges but also areas of growth. The company experienced an 11% increase in multifamily same-property NOI and a robust 18% growth in Fee-Bearing Capital, reaching $5.9 billion. However, total GAAP net income declined significantly, with Q4 net income at $22.6 million compared to $37.5 million in Q4 2021. Full-year net income also dropped to $64.8 million from $313.2 million in 2021. The company aims to enhance recurring cash flow in 2023 through ongoing development projects and organic growth.

Kennedy Wilson (NYSE: KW) announced a quarterly dividend of $0.24 per share for common shareholders, with a record date of March 31, 2023 and payment date set for April 6, 2023. This dividend amounts to an annual dividend of $0.96 per share. The company specializes in real estate investment focusing on multifamily, office, industrial properties, and debt investments primarily in the Western United States, the UK, and Ireland.

Kennedy Wilson (NYSE:KW) is set to release its fourth quarter 2022 financial results on February 21, 2023, after the market closes. Following this, the company will host a live conference call and webcast to discuss the results on February 22, 2023, at 9:00 a.m. PT / 12:00 p.m. ET. Callers can reach the conference via U.S. number (844) 340-4761 or international (412) 717-9616. A replay will be available for one week. Kennedy Wilson primarily focuses on multifamily, office, and industrial properties across the Western United States, UK, and Iceland.

Kennedy Wilson (NYSE: KW) has successfully surpassed $3 billion in loan originations since launching its real estate debt investment platform in 2020. In 2022 alone, the company originated $1.1 billion and repaid over $425 million in loans, closing $235 million in the fourth quarter. With a remaining lending capacity of approximately $3 billion, Kennedy Wilson is poised for further growth, targeting a total of $6 billion in loan investments. The platform focuses on high-quality real estate, leveraging strong market relationships to secure favorable returns.

Kennedy Wilson Europe Real Estate Limited (a subsidiary of Kennedy Wilson) announced results of its cash tender offer to buy up to €150 million of its €550 million 3.25% Notes due 2025. A total of €75 million, or 13.64%, was tendered for purchase. The accepted purchase price was set at 82.0% of the nominal amount, totaling €61.5 million, funded mainly through a corporate revolving line of credit. Following the tender offer, €475 million of the KWE Notes will remain outstanding.