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 Limited (KPREIT) – Dividend Consideration
Kingston Properties Limited (KPREIT) has advised that its Board of Directors will consider a dividend payment to its shareholders at a meeting scheduled for October 13, 2022. Read more Source: JSE
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, […]
Minutes of the KPREIT Annual General Meeting – July 12, 2021
Minutes of the Annual General Meeting of Kingston Properties Limited, held at Knutsford Court Hotel – Blue Mountain Suite 16 Chelsea Avenue Kingston 5 on Wednesday July 14, 2021 @ 10 a.m. Download Minutes
Kingston Properties Limited (KPREIT) Enters Partnership Agreement To Acquire Second Atlanta Multi-Family
Kingston Properties Limited (KPREIT), through its wholly owned subsidiary, Kingston Properties Miami LLC, entered into another partnership agreement with Apex Development Group LLC (Apex) and has formed Polaris at East Point Partners LLC (Polaris EP). On July 13, Polaris EP closed on the acquisition of a 118-unit multi-family property located in East Point, Atlanta, Georgia. […]
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 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 […]
Kingston Properties Limited (KPREIT) Acquires New Property In Jamaica
This is to advise the Jamaica Stock Exchange, Kingston Properties Limited (KPREIT) shareholders and the general investing public that KPREIT, on October 11, 2021, completed the acquisition of an approximately 1.5-acre property in the Cross Roads area that will be developed to house small bay warehouse units. This continues KPREIT’s thrust to increase its holdings […]