Kennedy-Wilson Q1 2022 Earnings Report
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.
Kennedy-Wilson
Kennedy-Wilson
Kennedy-Wilson 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