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Mar 31, 2022
Kennedy-Wilson Q1 2022 Earnings Report
Reported strong first quarter results driven by strategic initiatives and growth in key platforms.
Key Takeaways
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.
Adjusted EBITDA increased to $160 million, up from $128 million in 1Q-21.
Fee-Bearing Capital grew by 6% to $5.3 Billion.
Completed $1.0 billion in Investment Transactions Which Grew Estimated Annual NOI and Fee-Bearing Capital.
The Company received a $300 million investment from Fairfax Financial Holdings Limited.
Revenue by Segment
Forward Guidance
Kennedy Wilson is positioned for continued growth, focusing on expanding its U.S. multifamily portfolio, debt and logistics platforms, and stabilizing construction projects.
Positive Outlook
- Strategic initiatives, including expanding our U.S. multifamily portfolio
- Expanding debt and logistics platforms
- Making further progress on completing and stabilizing our construction projects.
- Secured an additional $3.4 billion in Fee-Bearing Capital commitments for our debt and logistics portfolios
- Company remains optimistic about opportunities going forward.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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