KENNEDY-WILSON HOLDINGS, INC. - KW STOCK NEWS

Fairfax Financial Holdings has announced a strategic $300 million preferred equity investment in Kennedy Wilson (NYSE:KW), aimed at funding its development pipeline and eliminating bank borrowings. Concurrently, Fairfax increased its first mortgage target in Kennedy Wilson’s debt investment platform from $3 billion to $5 billion. With $4 billion in additional investment capacity, Kennedy Wilson anticipates a 5% interest in future debt investments. Fairfax's stake in Kennedy Wilson now stands at approximately 9%, establishing a solid foundation for future growth.

Kennedy Wilson (NYSE: KW) announced a quarterly dividend of $0.24 per share for common shareholders of record as of March 31, 2022, with a payment date of April 7, 2022. This equates to an annual dividend of $0.96 per share. As a global real estate investment company, Kennedy Wilson focuses on multifamily and office properties across the Western U.S., U.K., and Ireland.

Kennedy Wilson (NYSE: KW) has acquired Waverleygate, a premier office building in Edinburgh, for $106 million, excluding closing costs. This property boasts a 97% occupancy rate with tenants like Amazon and Microsoft, generating $6 million in annual net operating income. The acquisition is seen as a strategic move to capitalize on growth opportunities in the UK office market. Waverleygate features modern amenities and excellent connectivity, including proximity to Waverley train station and the St James Quarter development.

Kennedy Wilson (NYSE: KW) plans to release its fourth quarter and full year 2021 financial results on February 23, 2022, after market close. A conference call and webcast to discuss the results will occur on February 24, 2022, at 9:00 a.m. PT / 12:00 p.m. ET. U.S. callers can dial (844) 340-4761, and international callers can reach +1 (412) 717-9616. A replay of the call will be available for one week after the live event. Kennedy Wilson focuses on real estate investments in the Western U.S., U.K., and Ireland.

Kennedy Wilson (NYSE: KW) has formed a joint venture with Matt Day to acquire and develop a 21-acre site in Bend, Oregon. This project aims to create a master-planned community combining apartments, senior housing, retail, and office spaces, promoting sustainable design. The development aligns with Bend's Core Area Plan to foster connected communities. Kennedy Wilson also progresses on a broader pipeline of approximately 3,500 units across the Western U.S., including various projects in California, Montana, and Idaho, enhancing its market presence.

Kennedy Wilson (NYSE: KW) has expanded its European industrial portfolio to 55 assets worth $1.2 billion, representing a 241% growth in total assets under management from $339 million in 2020. The company acquired three industrial properties recently, increasing its stake to 19% in this platform, which totals $440 million in equity. Annual NOI and fees are expected to rise from $12.5 million to $16 million as development projects are completed. The strategic focus on last-mile logistics is benefiting from heightened demand due to the pandemic-driven surge in online sales.

Kennedy Wilson (NYSE: KW) has acquired Forum, a high-quality office campus in the UK, for $81 million. This acquisition adds 252,000 square feet of office space across five buildings on a 30-acre site, strategically located between Southampton and Portsmouth. The campus boasts an 85% occupancy rate and is leased to reputable tenants like HSBC, with a projected yield on cost exceeding 9% after lease-up. The acquisition emphasizes Kennedy Wilson's strategy of investing in cash-flowing assets with growth potential in the UK market.