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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.
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
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.
Langdon Park Capital (LPC) has surpassed $100 million in assets under management with the acquisition of two multifamily properties worth $36.9 million in Los Angeles. The acquisitions include a 177-unit complex in Hollywood and a 23-unit building in Baldwin Village, both aimed at enhancing housing affordability for historically underserved Black and Latino communities. LPC plans to implement significant capital improvements and strategic property management to foster community engagement and improve tenants' experiences.
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