Kennedy-Wilson Holdings Inc - KW STOCK NEWS

Kennedy Wilson (NYSE: KW) has declared a quarterly dividend of $0.12 per share for the first quarter of 2025, equivalent to an annual dividend of $0.48 per share. The dividend will be paid on April 4, 2025, to shareholders of record as of March 31, 2025.

The company, a leading real estate investment firm, manages over $28 billion in assets across the United States, UK, and Ireland. Kennedy Wilson's portfolio focuses primarily on rental housing, encompassing more than 60,000 multifamily and student housing units. Since its public listing in 2009, the company has completed over $60 billion in total transactions across various property types.

Kennedy Wilson (NYSE: KW) has closed over $1.4 billion in senior construction loans during Q4 2024, contributing to a total of $3.5 billion in loan originations throughout 2024. The loans will support projects delivering over 12,000 multifamily and student housing units.

Key Q4 projects include a 1,688-bed student housing project near Purdue University, a 735-unit multifamily community in Los Angeles, and a 465-unit multifamily community in Jersey City. The company maintains a 2.5% average ownership in loans closed since Q3 2023 and earns management fees as asset manager.

The debt investment platform's total capital commitments now exceed $12 billion, with $3 billion of dry powder available. Kennedy Wilson manages over $28 billion of assets across the US, UK, and Ireland, with a focus on rental housing including over 60,000 multifamily and student housing units.

Kennedy Wilson (NYSE: KW), a global real estate investment company, has announced it will release its fourth quarter 2024 financial results on Wednesday, February 26, 2025, after market close. The company will host a live conference call and webcast to discuss the results on Thursday, February 27, 2025, at 9:00 a.m. PT / 12:00 p.m. ET.

For those interested in participating, the conference call can be accessed at (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay will be available for one week after the call, accessible at (877) 344-7529 (U.S.) and +1 (412) 317-0088 (international) with passcode 5703186. The webcast will be available for three months on the company's investor relations website.

Canyon Partners Real Estate, Ascendant Capital Partners, and Bond Companies have formed a joint venture to develop Inspire Sonoran Desert, a 560-unit Class A multifamily community in Phoenix's North Valley submarket. The development, designed by Gensler, will feature ten residential buildings with 1-, 2-, and 3-bedroom apartments ranging from 650 to 1,375 square feet.

The project is strategically located near TSMC's new semiconductor plant, a $65 billion investment expected to create 6,000 direct jobs and thousands of indirect positions. The community will offer premium amenities including a junior Olympic-sized pool, two resort-style pools, fitness center, pickleball courts, and access to 8.2 miles of trails. Kennedy Wilson provided the senior construction loan, marking their continued expansion in construction lending following their $4.1 billion loan portfolio acquisition.

Kennedy Wilson has closed a $175 million senior construction loan for Artwalk Towers, a 595-unit multifamily development in Jersey City, NJ. This marks another milestone in the company's debt investment platform, which has originated $2.4 billion in multifamily and student housing construction loans totaling 8,900 units since acquiring a $4.1 billion construction loan portfolio in Summer 2024. The 49-story Artwalk Towers, developed by Kushner Real Estate Group, will feature direct PATH access to Manhattan and luxury amenities. The project is expected to complete in Q4 2027.

Kennedy Wilson (NYSE: KW) reported Q3-2024 results with a GAAP net loss of $77.4 million ($0.56 per share). The company's Adjusted EBITDA increased to $66.4 million from $33.2 million in Q3-2023. Notable developments include a 39% growth in investment management fees to $22 million and record fee-bearing capital of $8.8 billion. The company stabilized two California multifamily properties, adding $12 million in Estimated Annual NOI. Kennedy Wilson announced a €175 million partial redemption of KWE bonds and launched a new UK single-family rental housing joint venture with CPPIB targeting £1 billion in real estate.

Kennedy Wilson (NYSE: KW) has declared a quarterly dividend of $0.12 per share for Q4 2024, payable on January 2, 2025, to shareholders of record as of December 31, 2024. This translates to an annual dividend of $0.48 per share. The company manages over $28 billion in assets across the United States, UK, and Ireland, and has completed more than $50 billion in total transactions since its public listing in 2009.

Kennedy Wilson (NYSE:KW) and CPP Investments have launched a new joint venture targeting £1 billion in UK single-family rental housing. CPP Investments will commit £500 million for a 90% stake, while Kennedy Wilson commits £56 million for 10% ownership. The JV will focus on energy-efficient, new-build housing in strong local economies, with initial properties in Norwich and Stevenage. Kennedy Wilson has an active pipeline of over £360 million and 1,100 units, with capacity for 4,000 units at full deployment. The venture aims to address UK's rental housing undersupply while providing professionally managed properties.

Kennedy Wilson (NYSE: KW), a global real estate investment company, has announced it will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after market close. The company will host a live conference call and webcast to discuss the results on Thursday, November 7, 2024, at 9:00 a.m. PT / 12:00 p.m. ET.

Investors can join the conference call using the following dial-in numbers:

• U.S. callers: (844) 340-4761
• International callers: +1 (412) 717-9616

A replay of the call will be available for one week, accessible at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 for international callers, using the passcode 3844190. The webcast will be available at a provided link, with a replay accessible on the company's investor relations website for three months.