Home RANKINGS 2016 Businessuite #1 Jamaica CEO – Fayval Williams Executive Director Kingston Properties limited –Main Market
2016 Businessuite #1 Jamaica CEO – Fayval Williams Executive Director Kingston Properties limited –Main Market

2016 Businessuite #1 Jamaica CEO – Fayval Williams Executive Director Kingston Properties limited –Main Market

0
0
Businessuite Top Jamaican CEO- Main Market   % change in US$ Profit after Tax
Rank     US$000 US$000 %
2016 Chief Executive Officer  Company 2015   2014 change
1 Fayval Williams Kingston Properties Limited $877   -11 8073.07%

Fayval has been the Executive Director of Kingston Properties limited since the inception of the company. Prior to Kingston Properties she served as Chief Investment Officer and Consultant at JMMB Limited. She has also served as a consultant with the Financial Services Commission (FSC) in Jamaica in the areas of research and policy.

Prior to returning to Jamaica, Fayval was senior Vice President at Putnam Investments, in Boston, a top 10 Global Mutual Fund Manager. Fayval investment experience also includes approximately five years as Vice President at Wellington Management Company in Boston, Massachusetts and also a fixed income analyst at Northwestern Mutual Life Insurance Company in Milwaukee, Wisconsin.

She holds a Chartered Financial Analysts (CFA) designation as well as an MBA from Wharton Business School at the University of Pennsylvania and Bachelors of Arts (Hons.) from Harvard University Cambridge, Massachusetts.

Company Profile

Kingston Properties Limited is listed on the Jamaica Stock Exchange under the symbol KPREIT and invests in, owns and manages real estate properties. Its mission is to provide an above average rate of return to its investors through dividends and capital appreciation from its real estate portfolio.

Financial Review

The past financial year was an eventful one beginning with the sale of the Hagley Park Road property in Jamaica followed by the successful renounceable rights issue in July 2015. These initiatives funded the acquisition of a variety of residential condo units in Miami and Fort Lauderdale during the third quarter of the year in addition to the repayment of some outstanding debt. The year closed with the disposal of the nineteen unit apartment building in the Little Havana section of Miami.

Financial results also reflected property revaluation gains of $166m, resulting in net income before takes of 127M and total comprehensive income of 136m.

Currently 65% of property stock is located in Southern Florida where the real estate market in 2015 continued its upward trend with prices rising as much as 9% year over year.

Edited from the 2015 Annual Report.
To view full report click HERE

LEAVE YOUR COMMENT