Kennedy-Wilson (KW) Tops Q1 EPS by 10c

Kennedy-Wilson (NYSE: KW) reported Q1 EPS of ($0.07), $0.10 better than the analyst estimate of ($0.17).

"In the first quarter, we advanced several of our key initiatives by driving our share of property NOI higher by 10% and further disposing of non-income producing assets," said William McMorrow, chairman and CEO of Kennedy Wilson. “Additionally, on April 24th, we announced the proposed combination with Kennedy Wilson Europe Real Estate PLC (LSE: KWE), which will significantly improve our recurring cash flow profile and enhances our ability to generate attractive risk-adjusted returns for our shareholders."

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

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