KENNEDY-WILSON HOLDINGS, INC. - KW STOCK NEWS

Kennedy Wilson Holdings (NYSE: KW) reported Q3 2022 results, revealing a GAAP net income of $16.4 million, down from $65.9 million in Q3 2021. Adjusted EBITDA fell to $165.9 million from $202.7 million year-over-year. Despite a 15% annual increase in estimated NOI to $473 million, fair value losses impacted performance. The firm completed $1.4 billion in investment transactions and experienced a 17% growth in fee-bearing capital, totaling $5.6 billion. Overall, while demand for multifamily properties remains strong, inflation and monetary policy uncertainties pose challenges ahead.

Kennedy Wilson (NYSE: KW) has announced a quarterly dividend of $0.24 per share for common shareholders of record as of December 30, 2022, with a payment date set for January 5, 2023. Annually, this amounts to $0.96 per share. Kennedy Wilson is a global real estate investment firm focused on multifamily, office, and industrial properties in the Western United States, United Kingdom, and Ireland. The company's operations include property ownership, management, and investment strategies.

Kennedy Wilson (NYSE:KW) will release its third quarter 2022 financial results on November 2, 2022, after market close. A live conference call is scheduled for 9:00 a.m. PT on November 3, 2022. U.S. callers can join the call at (844) 340-4761, while international participants can dial +1 (412) 717-9616. A replay will be available for one week. The webcast can be accessed through their investor relations website, providing an essential platform for stakeholders to stay informed on the company's performance.

Langdon Park Capital has acquired a 138-unit multifamily property in West Covina, California, for $48.6 million. This marks LPC's fourth acquisition in 2022, emphasizing its commitment to providing workforce housing in underserved Black and Latino communities. The firm plans to invest over $3 million in capital improvements for the property, which will be rebranded as Langdon Park at West Covina. LPC's assets under management now exceed $148 million. The acquisition addresses rising housing demands amid economic challenges.

Kennedy-Wilson Holdings (NYSE: KW) reported Q2-2022 results, highlighting a 12% growth in same-property revenue and strong recurring cash flow. However, GAAP net loss was $9 million, compared to a profit of $215.4 million in the same quarter last year. Total revenue reached $136.1 million, up from $108.4 million YoY. The company secured $1.7 billion in investment transactions and aims to enhance its multifamily portfolio. Estimated Annual NOI grew 19% YoY to $479 million. Cash and line of credit availability stood at $711 million as of June 30, 2022.

Kennedy Wilson (NYSE: KW) announced a quarterly dividend of $0.24 per share, payable on October 6, 2022, to shareholders registered as of September 30, 2022. This dividend represents an annual yield of $0.96 per share. The company operates primarily in real estate investment, focusing on multifamily and office properties in the Western U.S., U.K., and Ireland. This dividend payment reflects the company's ongoing commitment to returning value to its shareholders.

Intercontinental Real Estate Corporation, in joint venture with Kennedy Wilson (NYSE:KW), has acquired Stockton Industrial Park, a manufacturing and distribution facility in Stockton, CA, for $84 million. The facility spans 877,648 square feet and is strategically located in California’s Central Valley, benefiting from robust e-commerce expansion. This acquisition marks the first investment for the joint venture and the 35th for Intercontinental, increasing its holdings to over 11 million square feet of industrial space.

Kennedy Wilson (NYSE: KW) will release its second quarter 2022 financial results on August 3, 2022, after market close. A conference call will follow on August 4, 2022, at 9:00 a.m. PT / 12:00 p.m. ET. This call will allow investors to discuss the results directly with the company. For participation, U.S. callers can dial (844) 340-4761, while international callers can reach +1 (412) 717-9616. A replay will be available for one week after the call.