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Today, Kennedy-Wilson Holdings, Inc. (NYSE: KW), a real estate company with a market capitalization of $897 million, disclosed its audited consolidated financial statements for the fiscal year ended December 31, 2024. The release, which includes the financial performance of its wholly-owned subsidiary, Kennedy Wilson Europe Real Estate Limited (KWE), was shared in accordance with the covenants of its unsecured bonds. According to InvestingPro data, analysts expect both net income and sales growth in the current year.
The financial statements, which adhere to International Financial Reporting Standards (IFRS), are now accessible on the company’s website. This step fulfills a requirement for Kennedy-Wilson Holdings, a real estate investment and services firm headquartered in Beverly Hills, California. The company maintains a notable dividend yield of 7.37% and has consistently paid dividends for 15 consecutive years, as revealed by InvestingPro analysis.
The details of the financial results have not been "filed" under Section 18 of the Securities Exchange Act of 1934, nor will they be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as explicitly stated in such filings.
Kennedy-Wilson Holdings, which operates under the real estate industry classification, is listed on the New York Stock Exchange under the ticker symbol (NYSE:KW). The company’s Chief Financial Officer, Justin Enbody, affirmed the report on behalf of the registrant.
The disclosure provides investors with the latest financial data, which is crucial for assessing the company’s performance and financial health. The information is based on a press release statement and reflects the company’s commitment to transparency in its financial reporting.
In other recent news, Kennedy-Wilson Holdings, Inc. reported impressive financial results for the fourth quarter of 2024, significantly exceeding earnings expectations. The company posted a GAAP earnings per share of $0.24, a notable improvement over the forecasted -$0.51, while revenue reached $135.5 million, surpassing the anticipated $100.74 million. Additionally, Kennedy-Wilson finalized a $510 million refinancing deal, replacing a previous $537 million mortgage on five multifamily properties in Dublin, Ireland. This refinancing is part of the company’s strategy to manage its debt profile, with the new financing arrangement expected to result in an annual mortgage interest expense of approximately $21.5 million. The company also achieved an 83% year-over-year increase in investment management revenue, reflecting strong growth in this segment. Kennedy-Wilson reduced its unsecured debt by $262 million in the fourth quarter, aligning with its broader financial management goals. Furthermore, the company is targeting $400 million in asset sales and recycling in 2025, with plans to deploy more equity in strategic markets such as the US, UK, and Ireland. Analyst firms have not provided any recent upgrades or downgrades for Kennedy-Wilson, but the company’s recent financial performance has been well-received by investors.
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