KENNEDY-WILSON HOLDINGS, INC. - KW STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

Kennedy Wilson (KW) declares a quarterly dividend of $0.24 per share, totaling $0.96 annually, payable to common shareholders on April 4, 2024.