Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. As of December 31, 2020, the company had ownership interests in 10,350 multifamily units, 8.6 million square feet of commercial space, and one hotel. It also holds three apartment communities totaling 640 units and a multifamily development site. In addition, it is involved in the development, redevelopment, and entitlement of real estate properties. Kennedy-Wilson Holdings, Inc. was founded in 1977 and is headquartered in Beverly Hills, California.
IPO Year:
Exchange: NYSE
Website: kennedywilson.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2023 | $18.00 → $6.00 | Neutral → Underperform | BofA Securities |
| 12/16/2022 | $21.00 | Overweight → Neutral | JP Morgan |
BofA Securities downgraded Kennedy Wilson from Neutral to Underperform and set a new price target of $6.00 from $18.00 previously
JP Morgan downgraded Kennedy Wilson from Overweight to Neutral and set a new price target of $21.00
Company announces €175 million partial redemption of KWE bonds due November 2025 Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $28 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q3-2024: Financial Results (Amounts in millions, except per share data) Q3 YTD GAAP Results 2024 2023 2024 2023 GAAP Net (Loss) Income to Common Shareholders1 ($77.4 ) ($92.2 ) ($109.6 ) ($94.0 ) Per Diluted Share (0.56 ) (0.66 ) (0.79 ) (0.67 ) (Amounts in millions) Q3
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of December 31, 2024, with a payment date of January 2, 2025. About Kennedy Wilson Kennedy Wilson (NYSE:KW) is a leading real estate investment company with over $28 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum si
Company to hold conference call and webcast to discuss third quarter financial results Global real estate investment company Kennedy Wilson (NYSE:KW) will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 7, 2024. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 317
Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $27 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q2-2024: Financial Results (Amounts in millions, except per share data) Q2 YTD GAAP Results 2024 2023 2024 2023 GAAP Net (Loss) Income to Common Shareholders1 ($59.1) $39.0 ($32.2) ($1.8) Per Diluted Share (0.43) 0.28 (0.23) (0.01) (Amounts in millions) Q2 YTD Non-GA
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of September 30, 2024, with a payment date of October 3, 2024. About Kennedy Wilson Kennedy Wilson (NYSE:KW) is a leading real estate investment company with over $27 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum
Company to hold conference call and webcast to discuss second quarter financial results Global real estate investment company Kennedy Wilson (NYSE:KW) will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 8, 2024. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 31
Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $25 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q1-2024: Financial Results (Amounts in millions, except per share data) Q1 GAAP Results 2024 2023 GAAP Net Income (Loss) to Common Shareholders $ 26.9 $ (40.8 ) Per Diluted Share 0.19 (0.30 ) (Amounts in millions) Q1 Non-GAAP Results 2024 2023 Adjusted EB
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of June 28, 2024, with a payment date of July 5, 2024. The resized dividend rate will allow the Company to retain $66 million per year, strengthening the Company's ability to grow its investment management business, repurchase securities, and reduce leverage. About Kennedy Wilson Kennedy Wilson (NYSE:KW) is a leading global real estate investment company. The company owns, operates, and invests in real estate through the balance sheet and through an investment management platform in the Un
Company to hold conference call and webcast to discuss first quarter financial results Global real estate investment company Kennedy Wilson (NYSE:KW) will release its first quarter 2024 financial results on Wednesday, May 8, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, May 9, 2024. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 317-0088 f
Company Provides Update on Strategic Asset Recycling and Cost Reduction Plan Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $25 billion in AUM across its real estate equity and debt investment portfolio, today reported the following results for the fourth quarter and full year of 2023: "The fourth quarter capped off a strong year for our investment management platform which grew by 42% and contributed to 8% growth in Baseline EBITDA for 2023. Our 2023 financial results were impacted by $439 million in non-cash items primarily resulting from an unrealized decline in the real estate values of our co-investment portfolio driven by higher theor
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Real estate debt platform reaches $2.4 billion in originations over the past year Kennedy Wilson, a leading global real estate investment company and one of the most active multifamily and student housing lenders in the country, has closed a $175 million senior construction loan for the development of Artwalk Towers, a 595-unit multifamily community in Jersey City, New Jersey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112090210/en/Artwalk Towers (Graphic: Business Wire) The new multifamily loan is the latest in an active year for Kennedy Wilson's debt investment platform. Summer 2024 marked the one-year anniversary of
Company announces €175 million partial redemption of KWE bonds due November 2025 Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $28 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q3-2024: Financial Results (Amounts in millions, except per share data) Q3 YTD GAAP Results 2024 2023 2024 2023 GAAP Net (Loss) Income to Common Shareholders1 ($77.4 ) ($92.2 ) ($109.6 ) ($94.0 ) Per Diluted Share (0.56 ) (0.66 ) (0.79 ) (0.67 ) (Amounts in millions) Q3
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of December 31, 2024, with a payment date of January 2, 2025. About Kennedy Wilson Kennedy Wilson (NYSE:KW) is a leading real estate investment company with over $28 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum si
Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSE:KW) to launch a new single-family rental housing joint venture ("the JV") in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately £1 billion of asset value, including leverage, with the potential to commit further capital depending on market opportunities. CPP Investments will hold 90% of the venture and Kennedy Wilson will hold a 10% ownership interest moving forward. This press release features multimedia. View the full release here: https://www
Company to hold conference call and webcast to discuss third quarter financial results Global real estate investment company Kennedy Wilson (NYSE:KW) will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, November 7, 2024. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 317
Kennedy Wilson, a leading global real estate investment company and active national student housing lender, has recently closed senior construction loans for the development of three student housing projects totaling $184 million at the University of Wisconsin – Madison, University of North Texas, and University of California, Berkeley. These recent deals, completed through Kennedy Wilson's debt investment platform, expand the student housing loan portfolio to $850 million to develop approximately 8,800 beds, with an additional $1 billion of new student housing loans totaling 8,200 beds currently being evaluated. This press release features multimedia. View the full release here: https://ww
Credit facility has a three-year term and a one year extension option; facility expands to $550 million Global real estate investment company Kennedy Wilson (NYSE:KW) today announced the expansion of its $500 million unsecured revolving credit facility to $550 million in partnership with a group of 10 banks. The new credit facility has a three-year term and two six-month extension options. Loans under the new credit facility bear interest at a rate equal to SOFR plus a spread of 1.75% to 2.75%. "This credit facility provides us with an efficient and flexible source of funding that positions us to act quickly on opportunities that we believe will continue to emerge in the short term," sai
Kennedy-Wilson Holdings, Inc. (NYSE:KW), a leading global real estate investment company with $27 billion in AUM across its real estate equity and debt investment portfolio, today reported results for Q2-2024: Financial Results (Amounts in millions, except per share data) Q2 YTD GAAP Results 2024 2023 2024 2023 GAAP Net (Loss) Income to Common Shareholders1 ($59.1) $39.0 ($32.2) ($1.8) Per Diluted Share (0.43) 0.28 (0.23) (0.01) (Amounts in millions) Q2 YTD Non-GA
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that the company will pay a dividend of $0.12 per share (or $0.48 per share annually) to common shareholders of record as of September 30, 2024, with a payment date of October 3, 2024. About Kennedy Wilson Kennedy Wilson (NYSE:KW) is a leading real estate investment company with over $27 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum
Company to hold conference call and webcast to discuss second quarter financial results Global real estate investment company Kennedy Wilson (NYSE:KW) will release its second quarter 2024 financial results on Wednesday, August 7, 2024, after the market closes. The company will hold a live conference call and webcast to discuss results at 9:00 a.m. PT / 12:00 p.m. ET on Thursday, August 8, 2024. The direct dial-in number for the conference call is (844) 340-4761 for U.S. callers and +1 (412) 717-9616 for international callers. A replay of the call will be available for one week beginning one hour after the live call and can be accessed at (877) 344-7529 for U.S. callers and +1 (412) 31
Matt Windisch appointed President; Will work alongside veteran management team with decades of experience driving growth together at Kennedy Wilson Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that after 33 years of dedicated service, Mary Ricks has decided to retire as President of Kennedy Wilson and as Director on the company's Board. Mary will serve as a consultant to Kennedy Wilson to aid in the transition. "As my trusted partner and dear friend, Mary has made a significant impact on me personally and has been instrumental in growing our company from an entrepreneurial start-up into a global real estate leader," said Kennedy Wilson Chairman and CEO
Company forms new Board ESG committee and appoints Global Sustainability Officer Global real estate investment company Kennedy Wilson (NYSE:KW) has released its 2021 Environmental, Social, and Governance (ESG) Report. The report highlights Kennedy Wilson's commitment to managing sustainability opportunities, minimizing environmental impacts, and enhancing the communities where the company operates across its global business. Driven by a measure, manage, and monitor approach, Kennedy Wilson continued to expand utility data collection in 2021 and has reported on select property performance in both the U.S. and Europe for the first time. The report details efforts to expand oversight of ESG
Industry veteran Julia Stevenson joins LPC as Mid-Atlantic Director to expand presence in the region Langdon Park Capital (LPC), a Black-owned real estate investment company, today announced the $63.2 million acquisition of a 304-unit apartment complex located near Washington, DC in Fort Washington, Maryland, and the appointment of industry veteran Julia Stevenson as LPC's Director for the Mid-Atlantic region. These two key milestones advance the firm's commitment to addressing the unmet demand for high-quality, affordable housing in historically underserved Black and Latino communities across the United States. The property, which will be rebranded Langdon Park at Fort Washington, was bu
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The anticipation of Federal Reserve rate cuts is starting to have a favorable impact on the real estate mortgage market. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased by 13 basis points to 6.87% for the week ending July 12, 2024, down from 7% the prior week, as reported by the Mortgage Bankers Association Wednesday. This decline represents the most significant drop in borrowing costs in around four months and the lowest rate since early March. Fed Rate Cut Bets, Lower Treasury Yields Push Mortgage Rates Down The reduction was largely propelled by rising expectations on Fed rate cuts and the fall i
Global real estate investment company Kennedy Wilson (NYSE:KW) and its partner have acquired Heathrow Estate, a high quality multi-let industrial property in a prime distribution location in West London for $111 million, excluding closing costs. The income producing asset, which comprises a total of approximately 300,000 square feet of modern warehouse and ancillary office space, is 84% leased to a diverse mix of occupiers including Asendia, Tailsco, and HSS Hire. Heathrow Estate provides attractive short to medium term opportunities to add value through the extension of existing tenant leases and the leasing of vacant units. Kennedy Wilson will also undertake an active asset management str
Kennedy-Wilson Holdings (NYSE:KW) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $(0.72) by 126.39 percent. This is a 163.33 percent increase over losses of $(0.30) per share from the same period last year. The company reported quarterly sales of $136.400 million which beat the analyst consensus estimate of $111.740 million by 22.07 percent. This is a 3.18 percent increase over sales of $132.200 million the same period last year.
A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington. The portfolio, which totals 350 multifamily units, was acquired for $90 million. The two newly constructed, amenity rich communities build on Kennedy Wilson's significant multifamily presence in the Pacific Northwest that is currently approaching 13,000 market rate and affordable apartment units.
The milestone comes on the heels of Kennedy Wilson's acquisition of a $4.1 billion loan portfolio from a regional bank in June 2023 and the subsequent integration of the bank's lending team, which strengthened real estate debt capabilities and expanded Kennedy Wilson's presence into key markets across the United States. Since the acquisition of the portfolio, the debt team has closed approximately $500 million of new loans with $1.3 billion currently expected to close by Q2 2024, focused primarily on multifamily and student housing construction lending opportunities with high-quality sponsors seeking loans in the range of $40-$200 million.
Kennedy-Wilson Holdings (NYSE:KW) reported its Q4 earnings results on Wednesday, February 21, 2024 at 04:26 PM. Here's what investors need to know about the announcement. Earnings Kennedy-Wilson Holdings missed estimated earnings by 474.19%, reporting an EPS of $-1.78 versus an estimate of $-0.31. Revenue was up $500 thousand from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.42 which was followed by a 4.19% drop in the share price the next day. Here's a look at Kennedy-Wilson Holdings's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.08 0.41 0.09 0.07 EPS Actual -0.34 0.62 0.04 0.16 Revenue Estimate 130.
Kennedy-Wilson Holdings (NYSE:KW) reported quarterly losses of $(1.78) per share which missed the analyst consensus estimate of $(0.31) by 474.19 percent. The company reported quarterly sales of $140.10 million which beat the analyst consensus estimate of $123.35 million by 13.58 percent. This is a 0.36 percent increase over sales of $139.60 million the same period last year.
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B of A Securities analyst Joshua Dennerlein downgrades Kennedy-Wilson Holdings (NYSE:KW) from Neutral to Underperform and lowers the price target from $18 to $6.