Businessweek

Kennedy-Wilson Holdings, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenue of $22,397,000 against $11,830,000 a year ago. Operating loss was $2,579,000 against operating income of $2,443,000 a year ago. Loss from continuing operations before benefit from income taxes was $4,512,000 against income from continuing operations before benefit from income taxes of $209,000 a year ago. Loss from continuing operations was $2,809,000 against income from continuing operations of $1,692,000 a year ago. Net loss attributable to the company was $1,596,000 against $1,316,000 a year ago. Net loss attributable to the company common shareholders was $3,632,000 against $3,352,000 a year ago. Basic and diluted earnings per share were $0.06 against $0.07 a year ago. Adjusted EBITDA was $31,887,000, a 66% increase from $19,162,000 for the same period in 2012.

Kennedy-Wilson Holdings, Inc., Q1 2013 Earnings Call, May 08, 2013

Kennedy-Wilson Holdings, Inc. announced the acquisition of Foothill Place, a 450-unit apartment community in Salt Lake City, Utah. The acquisition brings the company's total investment in the area to $139 million, including 816 multifamily units and 325,832 square feet of retail properties. The company purchased Foothill Place for $61.8 million, investing $15 million of equity in the transaction and financing the purchase with a $49.7 million, 10-year Freddie Mac loan at 3.58%, fixed, through Berkeley Point. Foothill Place is located in East Valley, close to the University of Utah and to Park City. The property, built in 1974, consists of 10 two- and three-story buildings situated on 18 acres. Amenities include two swimming pools, a volleyball court, dog park, rock climbing boulder and a clubhouse/leasing center with fitness center. Kennedy Wilson plans to add washers and dryers in addition to renovating the majority of the units and adding selected upgrades to the property's common areas.

Kennedy-Wilson Holdings, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 07, 2013

Kennedy-Wilson Holdings, Inc. Presents at JMP 12th Annual Research Conference, May-14-2013 01:30 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States.