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KW

KW

Equities · 10.92 -0.2% today

Participation confirmed · construction unavailableMarket checked 15 Jun, 16:00 GMT-4

Market read

KW's move is being confirmed by its market group.

No new filing conclusion is available. 7 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Company-0.2% todayVolume comparison unavailable
Market group7 of 11 activeOffice REITs · building
Disclosed network0 of 0 confirmingRelationship data unavailable
What would change this read
  • At least 8 of 11 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as REXR begins moving with the group.

Invalidation: The live read weakens if participation falls to 3 of 11 members or fewer.

Watch this read

Research brief

The story so far

Sector unavailable · Industry unavailable

No new filing conclusion is available. 7 of 11 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 0 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 11 members remain active in the next snapshot.
  • Capital-flow agreement rises above 55%.
  • A filing-linked outsider such as REXR begins moving with the group.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods6
Price observations267
Usable filing statements18
Verified relationships0
Evidence supporting the case

No qualifying supportive evidence was identified.

Evidence challenging the case
  • Latest annual revenue changed -5.7% year over year.
Questions before a position
  • EV/sales is 85% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Jun 15, 2026

10.92
6m+9.9%12m+63.0%24m—
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$453.6M-34.3%$2.24+28.5%
2022-12-31$540.0M+19.0%$0.47-1.1%
2023-12-31$562.6M+4.2%$-2.46+0.3%
2024-12-31$531.4M-5.5%$-0.56-0.8%
2025-12-31$501.0M-5.7%$-0.28+0.1%

What management says matters

Persistent and emerging business drivers

Credit and interest ratespositive · 1 filings
“Non-Segment interest expense was $27.1 million for the three months ended March 31, 2026 as compared to $25.6 million for the same period in 2025 due to higher outstanding balances on revolving line of credit.”
10-Q · May 6, 2026 ↗
Foreign exchangepositive · 1 filings
“creases on VHH due to increases in NOI as well; and (iii) foreign exchange gains as euro and GBP increased in value in 53 Table of Contents relation to the dollar in the current period.”
10-Q · May 6, 2026 ↗
Restructuring and cost reductionsnegative · 1 filings
“The loss recognized during the three months ended March 31, 2025 was due to a $3.1 million impairment on Italian office assets that the Company is currently marketing for sale.”
10-Q · May 6, 2026 ↗

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.0× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

10.92-0.2% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 15 Jun, 16:00 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for KW. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for KW. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind KW

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Filing peers

KREF

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

KW is currently a Participant in the organic co-movement group Office REITs. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.