Kennedy-Wilson (KW) Tops Q1 EPS by 2c, Revenues Miss

Kennedy-Wilson (NYSE: KW) reported Q1 EPS of ($0.04), $0.02 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $99.4 million versus the consensus estimate of $101.82 million.

"The first quarter was highlighted by a 14% increase to Adjusted EBITDA, continued growth of our investment management business and the completion of two unsecured bond transactions that will result in $18 million of annual interest savings and further improves our bond maturity profile," said William McMorrow, Chairman and CEO of Kennedy Wilson. "Armed with strong liquidity, we have an extremely robust investment and leasing pipeline that we expect will help drive further near-term growth in our NOI and fee-bearing capital."

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

You May Also Be Interested In

• Unum Group cedes $3.8B in LTC reserves to Fortitude Re
• HSBC Upgrades Gilead Sciences (GILD) to Buy
• TD Cowen Upgrades Flagstar Bank (FLG) to Buy