Kennedy-Wilson Earnings Reports

Kennedy-Wilson Holdings, Inc. reported a net loss of $40.8 million for Q1 2025, a decrease from a net income of $26.9 million in Q1 2024. However, Adjusted EBITDA increased by 5% to $98.2 million, driven by higher property NOI and a 17% increase in investment management fees to $25 million. The company deployed or committed approximately $1 billion of capital in Q1 and expects to generate over $400 million from non-core asset sales in the remainder of 2025.

Kennedy-Wilson Holdings, Inc. reported a strong fourth quarter and full year 2024, with Q4 GAAP Net Income of $33.1 million compared to a loss in the prior year. Adjusted EBITDA also saw substantial growth, reaching $190.8 million. The company completed over $4 billion in capital deployment for the full year and generated $122 million in cash from asset sales in Q4.

Kennedy Wilson reported a GAAP Net Loss to Common Shareholders of $77.4 million. However, the company saw growth in investment management fees and made progress on key initiatives such as asset stabilizations and non-core asset dispositions.

Kennedy Wilson reported a net loss of $59.1 million for Q2 2024. However, baseline EBITDA grew by 6% year-over-year, driven by a 57% increase in investment management fees and NOI growth in the multifamily business. The company deployed $2 billion in new capital and generated $295 million from asset sales and loan repayments.

Kennedy-Wilson reported a strong first quarter in 2024, marked by significant growth in adjusted net income and a 94% increase in investment management fee income. The company completed several large multifamily construction projects on schedule and is recycling capital from non-core asset sales to grow core businesses and reduce leverage.

Kennedy Wilson's Q4 2023 results showed a significant GAAP loss primarily due to non-cash items related to unrealized declines in real estate values within their co-investment portfolio. Despite these losses, the investment management platform experienced substantial growth, and the company is implementing strategic asset recycling and cost reduction plans to enhance future cash flow.

Kennedy Wilson reported a GAAP Net Loss of $92.2 million, with adjusted EBITDA at $33.2 million. The company saw continued strong demand for rental housing and further growth in its debt investment platform and Fee-Bearing Capital, which grew by 46% year-over-year. They are on track to complete and lease-up several development projects.

Kennedy Wilson reported a strong second quarter with a 32% quarterly growth in fee-bearing capital, driven by the acquisition of a loan portfolio from Pacific Western Bank. Adjusted EBITDA increased by 65% to $195.1 million.

Kennedy Wilson reported Q1 2023 results, with growth in recurring property NOI and its investment management platform. These gains were offset by a lower mark to market in the company's fair value portfolio. The company is nearing completion on a significant portion of its $3 billion development and lease-up portfolio, which is expected to meaningfully grow recurring cash flow.

Kennedy Wilson reported solid growth of 11% in multifamily same property NOI. The company remains focused on growing recurring cash flow in 2023 through the delivery of key development projects, organic NOI growth, and the continued expansion of its investment management platform.

Kennedy Wilson reported Q3 2022 results demonstrating business strength, led by strong demand for its high-quality multifamily portfolio and expansion of its investment management business. Adjusted EBITDA was $166 million, driven by higher recurring NOI and fees, offset by decreases in fair value. Estimated annual NOI totaled $473 million, a 15% increase from Q3 2021.

Kennedy Wilson reported Q2 2022 results with strong demand for multifamily properties, leading to record same-property revenue growth of 12%. The company remains well-positioned to execute strategic initiatives, including growing the multifamily portfolio and expanding investment management platforms.

Kennedy Wilson reported a strong first quarter in 2022, marked by an increase in Adjusted EBITDA to $160 million and Adjusted Net Income to $85.4 million. The company executed strategic initiatives, expanded its U.S. multifamily portfolio and debt and logistics platforms. They also completed a $300 million investment from Fairfax Financial and secured an additional $3.4 billion in Fee-Bearing Capital commitments.

Kennedy Wilson reported strong Q4 and record full year 2021 results, driven by increased property values, NOI growth, and a strong investment management business. The company's Q4 Adjusted EBITDA was $187 million, and they completed $1.5 billion in investment transactions during the quarter.

Kennedy Wilson reported a GAAP Net Income to Common Shareholders of $65.9 million and Adjusted EBITDA of $202.7 million for Q3 2021. The company's AUM grew by 17% to $20.5 billion. The Board of Directors increased the quarterly dividend by 9% to $0.24 per share.

Kennedy Wilson reported a record quarter with significant gains from asset sales and strong demand for real estate, leading to increased property values. Adjusted EBITDA reached $410 million, driven by gains from real estate sales and increased fair values. The company completed $1.7 billion in investment transactions and launched a new $1.5 billion U.S. Multifamily Platform.

Kennedy Wilson reported strong first-quarter results, highlighted by a 14% increase in Adjusted EBITDA. The company saw growth in its investment management business and completed two unsecured bond transactions, expected to result in $18 million of annual interest savings. With a strong liquidity position, Kennedy Wilson is optimistic about near-term growth in NOI and fee-bearing capital.

Kennedy Wilson reported strong Q4 2020 results, highlighted by increased transactional activity generating significant gains on sale. The company saw substantial growth in fee-bearing capital and expansion of its debt platform. Key dispositions and acquisitions contributed to record financial results.

Kennedy Wilson reported a net loss of $25.1 million for the third quarter of 2020. However, the company saw stable occupancy and strong rent collections across its suburban multifamily and office portfolio, along with significant growth in its investment management business.

Kennedy Wilson reported a GAAP Net Loss of $42.1 million. However, they maintained high occupancy rates, collected 97% of multifamily and office rents, and preserved a strong financial position with $1.1 billion in cash and credit availability. They also launched a new $2 billion debt platform and continued development initiatives.

Kennedy Wilson reported a GAAP Net Loss to Common Shareholders of $9.9 million, or $(0.07) per diluted share. Adjusted EBITDA was $112.0 million and Adjusted Net Income was $44.8 million. The company maintained a strong liquidity position with $735 million in cash and benefited from high rent collections in April, with 97% collected from both multifamily and office tenants.

Kennedy Wilson reported strong Q4 and full year 2019 results, with record quarterly and annual GAAP EPS, Adjusted EBITDA, and Adjusted Net Income. The company's purchasing power is at its highest level in history, which will enable them to continue growing their property NOI and investment management fee revenue.