Kennedy Wilson Europe has reported a rise in gross profit and income as its portfolio grew by 9.7% to more than £3bn in the first half of 2016.
Gross profit increased by 33% to £81m in the first six months of the year, while net operating income rose by 35% to £78.8m.
Adjusted earnings hit £36.2m – a 17% rise from the same period last year.
There was a 60% rise in dividends paid, up to 24p per share, as the company posted a 5% increase in adjusted net asset value.
Mary Ricks, chief executive of Kennedy Wilson Europe, said: “I am particularly pleased that we continue to see a good level of activity across our portfolio, including post period-end.
“With 42% of our portfolio based in Ireland, Spain and Italy, our asset base and income stream is diversified both geographically and by sector to provide additional security.
“Our UK portfolio remains robust and continues to deliver strong asset management momentum with 12 leases completed after 23 June.”
From 7 May: Kennedy Wilson Europe posts rise in value >>
