Kennedy Wilson Europe Real Est (Ordinary Share) KWE

Property Direct - Europe

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Estimated NAV

1198.00

Share Price

 

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 1117.0 -6.8% 1198.00 1229.00
30 Jun
218% 4.30%

Sectors weighting

Property 85.80%
Net Current Assets 14.20%
  • Investment trust info:

  • Sector Property Direct - Europe
  • Launch Date 28 Feb 2014
  • Currency  
  • Domicile Jersey
  • Share Price  
  • Share Type Ordinary Share
  • TIDM KWE
  • ISIN JE00BJT32513
  • Shares Issued (M) 126
  • Market Capital (£M) 1408.91
  • Gross Assets (£M) 3290.44
  • Net Assets (£M) 1511.70
  • TER (%) 1.00
  • Historic Dividend Yield (%) 4.30
  • Last AGM 29 Apr 2017
  • Next AGM 29 Apr 2018
  • Last Annual Report Date 27 Jun 2017
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

    To generate and grow long-term cash flows to pay dividends and to enhance capital values by investing in a diversified portfolio of real estate and real estate loans.

  • Management Group(s):

  • KW Investment Management Ltd
  • Managed by:

  • Andrew McNulty Start: 28 Feb 2014
  • Trevor Hunt Start: 28 Feb 2014
  • Management Contract & Fees:

    The Management fee will be paid quarterly in arrears in an amount equal to one-quarter of 1.0 % of the EPRA NAV as at the relevant quarter end, except that until the investment or commitment to invest of at least 75% of the net cash proceeds of the Issue, the Management Fee will be paid quarterly in arrears in an amount equal to one-quarter of 1.0% of the invested and committed capital of the Issue (plus the number of Tiger Consideration Shares multiplied by the Issue Price), as at the relevant quarter end. The Performance Fee is calculated annually on a per Ords basis as the lesser of 20% of 1) the excess of the Shareholder Return over a 10% annual return hurdle. The annual return hurdle resets annually to 10% of the closing EPRA NAV per Ords for the previous Accounting Period; 2) the excess of year end EPRA NAV per Ords (including total dividends or other distributions paid per Ords in that Accounting Period and in any preceding Accounting Period since the Reference Period) and adjusted to exclude the effects of any issuance of Ords during that Accounting Period over the relevant High Water Mark.