Kennedy-Wilson Holdings Files 8-K
Ticker: KW · Form: 8-K · Filed: 2024-03-28T00:00:00.000Z
Sentiment: neutral
Topics: sec-filing, financial-statements, exhibits
Related Tickers: KW
TL;DR
KW filed an 8-K for routine financial/exhibit updates. No major news.
AI Summary
On March 28, 2024, Kennedy-Wilson Holdings, Inc. filed an 8-K report. The filing primarily concerns financial statements and exhibits, indicating a routine update or disclosure rather than a significant event. No specific financial figures or material business changes were detailed in the provided excerpt.
Why It Matters
This filing serves as a standard disclosure for Kennedy-Wilson Holdings, Inc., providing updates on financial statements and exhibits to the SEC.
Risk Assessment
Risk Level: low — The filing appears to be a routine disclosure of financial statements and exhibits, with no immediate indication of significant risks or material changes.
Key Players & Entities
- Kennedy-Wilson Holdings, Inc. (company) — Registrant
- Prospect Acquisition Corp (company) — Former company name
FAQ
What is the primary purpose of this 8-K filing for Kennedy-Wilson Holdings, Inc.?
The primary purpose of this 8-K filing is to report on 'Other Events' and 'Financial Statements and Exhibits'.
When was this 8-K report filed with the SEC?
This 8-K report was filed on March 28, 2024.
What is Kennedy-Wilson Holdings, Inc.'s principal executive office address?
The principal executive offices are located at 151 S El Camino Drive, Beverly Hills, California 90212.
What is the Commission File Number for Kennedy-Wilson Holdings, Inc.?
The Commission File Number for Kennedy-Wilson Holdings, Inc. is 001-33824.
Has Kennedy-Wilson Holdings, Inc. undergone a name change?
Yes, the company was formerly known as Prospect Acquisition Corp, with a date of name change on July 27, 2007.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 12.5 · Accepted 2024-03-28 16:25:05
Key Financial Figures
- $335 million — or a total sales price of approximately $335 million. The dispositions generated cash to the
- $238 million — ed cash to the Company of approximately $238 million (after property-level debt repayment of
- $89 million — y-level debt repayment of approximately $89 million), and a gain on sale, which will be rec
- $120 million — 024 financial results, of approximately $120 million. The transactions, including the recogn
Filing Documents
- kw-20240328.htm (8-K) — 25KB
- 0001408100-24-000067.txt ( ) — 145KB
- kw-20240328.xsd (EX-101.SCH) — 2KB
- kw-20240328_lab.xml (EX-101.LAB) — 21KB
- kw-20240328_pre.xml (EX-101.PRE) — 12KB
- kw-20240328_htm.xml (XML) — 3KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS. As previously discussed in Kennedy-Wilson Holdings, Inc.'s (the "Company") Annual Report on Form 10-K for the quarter ended December 31, 2023, the Company has now completed the closing of the sales of its wholly-owned (i) hotel in Dublin, Ireland, (ii) 177,000 square-foot building within a three-building office campus in Issaquah, Washington, and (iii) retail asset in the United Kingdom for a total sales price of approximately $335 million. The dispositions generated cash to the Company of approximately $238 million (after property-level debt repayment of approximately $89 million), and a gain on sale, which will be recognized by the Company in its first quarter 2024 financial results, of approximately $120 million. The transactions, including the recognized gain, will be further discussed in the Company's quarterly report for the quarter ended March 31, 2024.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit No. Description 104 Cover Page Interactive Data File – The cover page interactive data file does not appear in the interactive data file because of its XBRL tags are embedded within the inline XBRL document.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KENNEDY-WILSON HOLDINGS, INC. By: /s/ JUSTIN ENBODY Justin Enbody Chief Financial Officer Date: March 28, 2024