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Mar 31, 2021
Kennedy-Wilson Q1 2021 Earnings Report
Reported a 14% increase to Adjusted EBITDA, growth in investment management business, and completion of two unsecured bond transactions.
Key Takeaways
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.
Adjusted EBITDA increased by 14% to $128 million compared to Q1 2020.
Fee-Bearing Capital grew by 5% to $4.1 billion as of March 31, 2021.
U.S. Debt Platform experienced a 17% growth, with loan investments totaling $137 million in 1Q-21.
European Logistics Platform grew by 89% with $209 million in logistics assets acquired in 1Q-21.
Kennedy-Wilson
Kennedy-Wilson
Kennedy-Wilson Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comHotel Revenue
CapyFin.com Forward Guidance
Kennedy Wilson anticipates further near-term growth in NOI and fee-bearing capital, driven by a robust investment and leasing pipeline.
Positive Outlook
- Strong liquidity position.
- Robust investment pipeline.
- Active leasing pipeline.
- Expected growth in NOI.
- Expected growth in fee-bearing capital.
Challenges Ahead
- No specific negative aspects were mentioned in the provided text.