Last $23.59 USD
Change Today +0.19 / 0.81%
Volume 326.2K
KW On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).

kennedy-wilson holdings inc (KW) Snapshot

Open
$23.47
Previous Close
$23.40
Day High
$23.89
Day Low
$23.41
52 Week High
07/1/14 - $27.29
52 Week Low
08/5/13 - $17.06
Market Cap
2.2B
Average Volume 10 Days
293.1K
EPS TTM
$-1.01
Shares Outstanding
91.7M
EX-Date
06/26/14
P/E TM
--
Dividend
$0.36
Dividend Yield
1.36%
Current Stock Chart for KENNEDY-WILSON HOLDINGS INC (KW)

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kennedy-wilson holdings inc (KW) Details

Kennedy-Wilson Holdings, Inc. operates as a real estate investment and services company in the United States, the United Kingdom, Ireland, Spain, and Japan. The company operates in two segments, KW Investments and KW Services. The KW Investments segment invests in various types of real estate investments, such as commercial real estate that includes office, industrial, retail, and mixed-use assets; and multifamily properties. This segment also offers loan originations/discounted loan purchases, which include individual notes on various real estate property types, as well as portfolios of loans purchased from financial institutions, corporations, and government agencies. In addition, it invests in residential properties, including land for entitlements, finished lots, urban infill condominium sites, and condominium projects, as well as invests in hotels and marketable securities. The KW Services segment offers real estate services for the full lifecycle of real estate ownership to clients that include financial institutions, institutional investors, insurance companies, developers, builders, and government agencies. This segment offers acquisition, asset management, and disposition services to its equity partners, as well as to third parties; and data and analytics for the residential real estate development and new home construction industry. It also provides marketing and sales strategies for various types of commercial and residential real estate, including single family homes, mixed-use developments, estate homes, multifamily dwellings, new home projects, conversions, and scattered properties. In addition, this segment manages commercial real estate for third-party clients and fund investors; and offers marketing programs for various investment grade and income producing real estate properties. Kennedy-Wilson Holdings, Inc. was founded in 1977 and is headquartered in Beverly Hills, California.

400 Employees
Last Reported Date: 05/12/14
Founded in 1977

kennedy-wilson holdings inc (KW) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $950.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $1.4M
Chief Executive Officer of Kennedy Wilson Eur...
Total Annual Compensation: $750.0K
Executive Vice President
Total Annual Compensation: $462.5K
General Counsel and Director
Total Annual Compensation: $600.0K
Compensation as of Fiscal Year 2013.

kennedy-wilson holdings inc (KW) Key Developments

Kennedy Wilson Acquires Three-Property 1,212 Unit Multifamily Portfolio in South Seattle Area for $127 Million

Kennedy Wilson announced that the company acquired a multifamily portfolio comprised of three properties located across southern submarkets of Seattle, Washington. The portfolio consists of 1,212 units and was purchased for $127 million. The company invested $45 million of equity in the transaction and assumed $85 million of financing, fixed at 4.25%, from Freddie Mac. Located in the Tumwater area of Olympia, WA, Montair at Somerset Hill consists of 396 units and offers a mix of one-, two- and three-bedroom units averaging 933 square feet. Residents of the property enjoy 180 degree views of the Puget Sound, Mount Rainier and the Capital Dome. The Tumwater area boasts top schools, a strong job base, high median home values, strong local retail and access to recreational amenities. Rock Creek Landing is situated in Kent, WA, and is comprised of 576 units, which include a mix of studios, one-, two- and three-bedroom units averaging 786 square feet. The property is set in the heart of the Kent Valley Employment Center, and Kent Station, a 20-acre retail lifestyle center, is located less than a mile from the property, providing tenants with convenient access to high-end retail. Stone Pointe is located in University Place, WA, and offers 240 one-, two- and three-bedroom units averaging 894 square feet. The property is found in the exclusive University Place neighborhood in Pierce County and is surrounded by upscale single-family neighborhoods, grocery stores, restaurants and top-rated schools. It is also located just two miles east of Chambers Bay Golf Course, host of the 2015 U.S. Open.

Grand Canal Reportedly Attracts Huge Interest

Grand Canal Theatre Company Limited has received offers from a slew of private equity houses, high net worth individuals and entertainment corporations. Live Nation Entertainment, Inc. is believed to be the front-runner. A number of high net worth investors including Denis O'Brien have also expressed a tentative interest some weeks back. The Ambassador Theatre Group Limited is also understood to be lining up a significant bid and has also instructed executives to fly to Dublin to progress its interest. Apollo Global Management, LLC (NYSE:APO) and The Blackstone Group L.P. (NYSE:BX) are also understood to have sought information on the theatre. Kennedy-Wilson Holdings, Inc. (NYSE:KW) and Brehon Capital Partners are also interested. Grand Canal was put up by Grant Thornton and the guide price for the venue is €20 million, however, the heavy interest is expected to drive this price higher.

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.

 

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Valuation KW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 13.8x
Price/Book 2.3x
Price/Cash Flow 73.2x
TEV/Sales NM Not Meaningful
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