Last $25.64 USD
Change Today -0.19 / -0.74%
Volume 297.3K
KW On Other Exchanges
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

kennedy-wilson holdings inc (KW) Key Developments

Bidders Shortlisted To Buy Project Spring

Deutsche Bank AG (DB:DBK) and Kennedy-Wilson Holdings, Inc. (NYSE:KW) are among four bidders shortlisted to buy real estate loan portfolio, Project Spring, Bloomberg news reported. National Asset Management Agency also picked a Cargill Inc. unit, CarVal Investors, and Kildare Partners LLC among final bidders for the loans, said the people, who asked not to be identified because the matter is private. Debt Exchange Inc. is managing the loan sale.

Kennedy Wilson Acquires Kirker Creek Apartments

Kennedy Wilson announced that the company acquired Kirker Creek Apartments, a 542-unit multifamily community in Pittsburg, California, for $96.5 million. Kennedy Wilson invested $21.2 million of equity in the transaction, including closings costs and the initial capital expenditure budget, and secured a $77.2 million ten-year loan from Fannie Mae at 3.78% with interest only for five years. Kennedy Wilson's global multifamily portfolio now totals 18,335 units. Real estate related acquisitions by the company and its equity partners in the first half of this year total approximately $2.2 billion, which includes approximately $1.7 billion acquired by Kennedy Wilson Europe Real Estate plc.

Kennedy-Wilson Holdings, Inc. Approves Amendment to its Second Amended and Restated Certificate of Incorporation

Kennedy-Wilson Holdings, Inc. at its AGM held on June 19, 2014, approved the amendment to the company’s Second Amended and Restated Certificate of Incorporation to increase the number of shares of common stock that the company is authorized to issue from 125,000,000 shares to 200,000,000 shares.

Kennedy Wilson Announces Dividend for Second Quarter 2014, Payable on July 8, 2014

Kennedy Wilson announced that the company will pay a dividend of $0.09 per share to common shareholders of record as of June 30, 2014 with a payment date of July 8, 2014. The quarterly payment equates to an annual dividend of $0.36 per common share.

Kennedy-Wilson Holdings, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014

Kennedy-Wilson Holdings, Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $51.5 million against $22.8 million a year ago. Operating loss was $6.5 million against $2.6 million a year ago. Income before provision for income taxes was $58.7 million against loss before provision for income taxes of $4.3 million a year ago. Net income attributable to the company's common shareholders was $10.5 million against net loss attributable to the company's common shareholders of $3.6 million a year ago. Consolidated adjusted net income was $73.7 million against $11.6 million a year ago. Adjusted net income was $34.3 million or $0.39 per basic share against $13.2 million or $0.21 per basic share a year ago. Adjusted EBITDA was $69.2 million against $31.9 million a year ago.

 

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Price/Sales 15.1x
Price/Book 2.5x
Price/Cash Flow 80.2x
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