Kennedy-Wilson Holdings, Inc. (NYSE:KW) reported a second quarter 2011 net loss attributable to common shareholders of $2.4 million (or $0.06 per basic and diluted share) compared to net income attributable to common shareholders of $8.5 million (or $0.22 per basic and $0.20 per diluted share) for the same period in 2010. Net loss attributable to common shareholders, adjusted for the non-recurring common stock issuance discount treated as a preferred dividend and stock-based compensation expense, was $0.5 million (or $0.01 per basic share) compared to income of $10.5 million (or $0.27 per basic share) for the same period in 2010.
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