Kennedy-Wilson (KW) Tops Q2 EPS

Kennedy-Wilson (NYSE: KW) reported Q2 GAAP EPS of $1.53, which may not compare to the analyst estimate of $0.32. Revenue for the quarter came in at $108.4 million versus the consensus estimate of $99.5 million.

"Continued strong demand for real estate has led to appreciating market values of our properties, as evidenced by our recent dispositions," said William McMorrow, Chairman and CEO of Kennedy Wilson. "We had one of our most active quarters in our history, with $1.7 billion in completed investment transactions that generated significant gains from asset sales and produced a record quarter of financial results. Looking ahead, we will maintain our focus on reinvesting the proceeds from recent asset sales and expanding our existing platforms to drive further growth in our recurring cash flow over the long term."

For earnings history and earnings-related data on Kennedy-Wilson (KW) click here.

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