Kennedy Wilson(KW)

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Kennedy Wilson(KW) - 2021 Q1 - Quarterly Report
2021-05-06 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents For the quarterly period ended March 31, 2021 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33824 Kennedy-Wilson Holdings, Inc. (Exact name of Registrant as specified in its charter) Delaware 26-0508760 ( ...
Kennedy Wilson(KW) - 2020 Q4 - Earnings Call Transcript
2021-02-27 09:14
Kennedy-Wilson Holdings, Inc. (NYSE:KW) Q4 2020 Earnings Conference Call February 25, 2021 10:00 AM ET Company Participants Daven Bhavsar - Vice President, Investor Relations Bill McMorrow - Chairman and Chief Executive Officer Mary Ricks - President Matt Windisch - Executive Vice President Justin Enbody - Chief Financial Officer Conference Call Participants Anthony Paolone - JPMorgan Derek Johnston - Deutsche Bank Sheila McGrath - Evercore ISI Operator Good day and welcome to the Kennedy-Wilson Fourth Quar ...
Kennedy Wilson(KW) - 2020 Q4 - Annual Report
2021-02-26 21:25
(Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33824 Kennedy-Wilson Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdi ...
Kennedy Wilson(KW) - 2020 Q3 - Earnings Call Transcript
2020-11-08 20:36
Kennedy-Wilson Holdings, Inc. (NYSE:KW) Q3 2020 Earnings Conference Call November 5, 2020 10:00 AM ET Company Participants Daven Bhavsar - VP, IR Bill McMorrow - Chairman & CEO Mary Ricks - President & Director Matt Windisch - EVP Conference Call Participants Anthony Paolone - JPMorgan Chase & Co Sheila McGrath - Evercore ISI Derrick Johnston - Deutsche Bank James Feldman - Bank of America Merrill Lynch Alan Parsow - Elkhorn Partners Operator Good morning, and welcome to the Kennedy-Wilson Third Quarter 20 ...
Kennedy Wilson(KW) - 2020 Q3 - Quarterly Report
2020-11-05 21:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-33824 Kennedy-Wilson Holdings, Inc. (Exact name of Registrant as specified in its charter) Delaware 26-050 ...
Kennedy Wilson(KW) - 2020 Q2 - Earnings Call Transcript
2020-08-10 01:47
Financial Data and Key Metrics Changes - In Q2 2020, the company reported adjusted EBITDA of $73 million and adjusted net income of $12 million, with year-to-date adjusted EBITDA of $185 million and adjusted net income of $57 million, primarily impacted by a slowdown in transactional volume [9][10][14] - The company maintained a strong liquidity position with $788 million in cash and $300 million available on its line of credit, totaling $4 billion in discretionary purchasing power [14] Business Line Data and Key Metrics Changes - The multi-family and office portfolio accounted for 81% of estimated annual NOI, with strong rent collection and high occupancy rates [8][15] - The multi-family portfolio consists of 30,000 units globally, with 88% of NOI coming from suburban assets, achieving 98% rent collection in Q2 [16][17] - The global office portfolio had a weighted average occupancy of 95% and high rent collections of 96% in Q2, benefiting from single-tenant properties and suburban locations [18][19] Market Data and Key Metrics Changes - The company observed a 68% decline in transaction volumes across all property types in Q2 due to the pandemic, but anticipates increased transactional activity in the latter half of the year [7][8] - In Ireland, the company noted significant demand for multi-family deals, with €500 million in transactions occurring in the quarter [35] Company Strategy and Development Direction - The company is focused on growing its investment management platform, having added $200 million to fee-bearing capital in Q2, representing a 6% growth from Q1 and 17% year-to-date [10] - A new $2 billion debt platform was launched to target first mortgage loans secured by high-quality real estate, with a robust pipeline of $200 million in origination opportunities [11][12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the third and fourth quarters, citing strong rent collections and a robust leasing environment despite the pandemic [8][15] - The company anticipates an increase in debt acquisition opportunities over the next 6 to 12 months as financial institutions increase loan loss provisions [12][41] Other Important Information - The Shelbourne hotel reopened on June 29, 2020, and has been outperforming its competitive set since reopening, with a strong booking outlook for 2021 [21][22] - Leasing activity across the commercial and multi-family portfolio remains robust, with 900,000 square feet leased in Q2 and an additional 650,000 square feet in the pipeline [23][24] Q&A Session Summary Question: Can you talk about where you're finding transactions given your volumes are lower? - Management noted that they had no transactions in escrow at the onset of the pandemic and are seeing active interest in their European assets, particularly in lower-rise suburban office buildings and multi-family assets [32][33] Question: What are your thoughts on the multi-family business and potential impacts from stimulus expiration? - Management indicated that their multi-family properties are in strong markets with high-quality tenants, and they do not foresee significant changes in rent collections despite potential stimulus impacts [42][43] Question: Can you provide insights on the debt investments for the new fund? - The company is focusing on transitional opportunities, providing financing for completed properties in lease-up phases, filling a gap left by banks retreating from construction financing [60][62] Question: How do you view the capital allocation priorities going forward? - Management emphasized maintaining liquidity and continuing construction activities, with a focus on finding good risk-adjusted investments rather than rushing to deploy capital [50][51] Question: What is the outlook for the lease-up at Clancy Quay? - The lease-up at Clancy Quay is exceeding expectations, with demand significantly higher than budgeted, indicating strong market interest [71][72]
Kennedy Wilson(KW) - 2020 Q2 - Quarterly Report
2020-08-06 20:18
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Table of Contents (State or other jurisdiction of incorporation or organization) 151 S El Camino Drive Beverly Hills, CA 90212 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number 001-33 ...
Kennedy Wilson(KW) - 2020 Q1 - Earnings Call Transcript
2020-05-10 14:48
Kennedy-Wilson Holdings, Inc. (NYSE:KW) Q1 2020 Earnings Conference Call May 7, 2020 10:00 AM ET Company Participants Daven Bhavsar - VP, IR William McMorrow - Chairman & CEO Mary Ricks - President & Director Matt Windisch - EVP Conference Call Participants Anthony Paolone - JPMorgan Chase & Co. Sheila McGrath - Evercore ISI Thomas Hennessy - Deutsche Bank James Feldman - Bank of America Merrill Lynch Operator Good morning, and welcome to the Kennedy-Wilson First Quarter 2020 Earnings Conference Call and We ...
Kennedy Wilson(KW) - 2020 Q1 - Quarterly Report
2020-05-08 20:22
Table of Contents TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 Or Commission file number 001-33824 Kennedy-Wilson Holdings, Inc. (Exact name of Registrant as specified in its charter) (State or other jur ...
Kennedy Wilson(KW) - 2019 Q4 - Annual Report
2020-02-28 21:42
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-33824 Kennedy-Wilson Holdings, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdi ...