Kennedy Wilson Buyback
OLI recorded this information on 3/20/2018
Global real estate investment company Kennedy Wilson (NYSE:KW) today announced that its Board of Directors has approved the repurchase of up to $250 million of the company's common stock. The company intends to fund the share repurchase program primarily with proceeds from future sales of non-core assets. The company currently expects to complete the repurchase program within the next 18 months.
Kennedy Wilson Holdings is a real estate investment company. Co. focuses primarily on multifamily and office properties located in the Western U.S., U.K., and Ireland. The real estate that Co. hold in its global portfolio consists primarily of multifamily apartments and commercial properties. Co. also engages in development, redevelopment and other initiatives. Co.'s business segments are: consolidated investment portfolio, which consists of the investments in real estate and real estate-related assets; and Co-Investment Portfolio, which consists of the co-investments in real estate and real estate-related assets, fees, and performance allocations that Co. earns on its fee bearing capital.
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Buy (3.33 out of 4)