STOCK TITAN

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.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.96%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.13%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.06%
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.06%
Tags
dividends earnings
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
partnership
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.51%
Tags
Rhea-AI Summary

Kennedy Wilson, a global real estate investment company, has expanded its student housing construction loan portfolio to $850 million with three new university-adjacent real estate financings totaling $184 million. The loans are for projects at the University of Wisconsin – Madison, University of North Texas, and University of California, Berkeley. These projects will develop approximately 8,800 beds, with an additional $1 billion of new student housing loans for 8,200 beds under evaluation.

The company's debt investment platform has originated over $2.3 billion in multifamily and student housing construction loans since acquiring a $4.1 billion construction loan portfolio in Q3 2023. Kennedy Wilson maintains a 2.5% average ownership in loans closed since then and earns customary management fees as asset manager.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
-
Rhea-AI Summary

Kennedy Wilson (NYSE:KW), a global real estate investment company, has expanded its unsecured revolving credit facility from $500 million to $550 million. The new facility, partnered with 10 banks, has a three-year term with two six-month extension options. Loans under this facility will bear interest at a rate equal to SOFR plus 1.75% to 2.75%. Currently, the facility has outstanding borrowings of approximately $175 million. Bank of America, N.A. will serve as the administrative agent, with BofA Securities, Inc., JPMorgan Chase Bank, N.A., and M&T Bank acting as joint lead arrangers.

The company views this expansion as a strategic move to enhance its financial flexibility and ability to capitalize on emerging opportunities. Kennedy Wilson manages over $27 billion in assets across high-growth markets in the United States, UK, and Ireland.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.62%
Tags
none
-
Rhea-AI Summary

Kennedy Wilson (NYSE: KW) reported Q2 2024 results, showing mixed performance. Key highlights include:

- GAAP Net Loss to Common Shareholders of $59.1 million, compared to $39.0 million income in Q2 2023

- Adjusted EBITDA of $79.3 million, down from $195.1 million in Q2 2023

- Investment Management fees grew 37% to $26 million

- Fee-Bearing Capital increased to a record $8.7 billion, up 4% year-to-date

- Completed $235 million in gross acquisitions and $49 million in gross dispositions

- Multifamily Same Property NOI grew 2.8% year-over-year

- Repurchased 1.7 million shares at average price of $8.70 in 2024

The company stabilized five multifamily properties, adding $16 million in Estimated Annual NOI. Kennedy Wilson's debt investment platform grew to $8.0 billion, with $949 million in new originations in Q2.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
Rhea-AI Summary

Kennedy Wilson (NYSE: KW), a global real estate investment company, has announced a dividend of $0.12 per share for the third quarter of 2024. This translates to an annual dividend of $0.48 per share. The dividend will be paid on October 3, 2024, to common shareholders of record as of September 30, 2024.

Kennedy Wilson manages over $27 billion in assets across high-growth markets in the United States, UK, and Ireland. Since going public in 2009, the company has completed more than $50 billion in total transactions across various property types. Kennedy Wilson's core business involves owning, operating, and developing real estate, as well as managing investments through its investment management platform.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.07%
Tags
dividends earnings

FAQ

What is the current stock price of KENNEDY-WILSON HOLDINGS (KW)?

The current stock price of KENNEDY-WILSON HOLDINGS (KW) is $10.26 as of December 24, 2024.

What is the market cap of KENNEDY-WILSON HOLDINGS (KW)?

The market cap of KENNEDY-WILSON HOLDINGS (KW) is approximately 1.4B.

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

KW Rankings

KW Stock Data

1.41B
118.05M
14.09%
90.1%
2.86%
Real Estate Services
Real Estate
Link
United States of America
BEVERLY HILLS