Higher rental income, unit sales lift profit for Kingston Properties

DESPITE foreign exchange pressures, higher financing costs and administrative expenses, Kingston Properties Limited (KPREIT) reported profit after tax in the second quarter of 2022 totalling US$367,924 compared to US$302,703 for the second quarter of 2021, representing an increase of 21.5 per cent. For the six-month period ended June 30, profit increased by 16.9 per cent […]

Kingston Properties in 2nd partnership with US-based Apex Development

Jamaica-based Caribbean real estate development company, Kingston Properties Limited, which trades under the name KPREIT, has entered into a second partnership with Apex Development Group LLC (Apex) out of the United States. Through its wholly owned subsidiary, Kingston Properties Miami LLC has partnered with Apex Development Group to form Polaris at East Point Partners LLC, […]

Kingston Properties’ APO oversubscribed

Real Estate investment company, Kingston Properties Limited has surpassed its target of raising $1.5 billion in its latest additional public offering (APO) which closed on Friday, June 10, 2022. The offer, which was extended by four weeks, received over 2,500 applications and raised $1.552 billion. “The success of this offer is further evidence of the […]

KPREIT APO gets green light by brokers

As Kingston Properties Limited (KPREIT) waits on subscriptions for its additional public offering (APO) to roll in, some brokers have published their research on the $7.50 price being offered relative to their valuations and expectations based on the underlying environment. The APO opened on Tuesday and is set to close on May 10. KPREIT is […]

Kingston Properties seeks $1.5 billion from APO

Real estate investment company, Kingston Properties Limited (KPREIT), is again tapping the equities market. This time to raise $1.5 billion with the option to upsize to $2.25 billion as it inches towards its strategic goal of having one million square feet of real estate under management and amassing $10 billion in equity by 2023. In […]

Kingston Properties Limited (KPREIT) Announces Corporate Restructuring

Kingston Properties Limited (KPREIT) has advised of a strategic reorganisation of the Group’s structure. With this restructuring, KPREIT transferred 100% of its shareholdings in Kingston Properties (St. Lucia) Limited on January 4, 2022, to its wholly owned subsidiary KPREIT (St Lucia) Limited which was incorporated in St Lucia on December 29, 2021. Additionally, Kingston Properties […]

Kingston Properties Limited (KPREIT) – Property Acquisition

KPREIT Acquires second property on Spanish Town Road This is to advise the Jamaica Stock Exchange, Kingston Properties Limited (KPREIT) shareholders and the general investing public that KPREIT, on December 17, 2021, completed the acquisition of an approximately 2.7-acre property on Spanish Town Road in Jamaica with approximately 23,000 S.F. of warehouse and office space […]