Kennedy-Wilson Q3 2020 Earnings Report
Key Takeaways
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.
Fee-Bearing Capital totaled $3.8 billion, a 9% increase from 2Q-20 and a 27% increase from YE-19.
Completed loan investments totaling $335 million in 3Q-20.
Completed the development of Stockley Park and 38° North, and the lease-up of Rosewood, Horizon Centre and Malibu Sands.
Maintained a strong liquidity position with $793 million in cash, cash equivalents, and restricted cash and $300 million available on its revolving credit facility.
Kennedy-Wilson
Kennedy-Wilson
Kennedy-Wilson Revenue by Segment
Forward Guidance
Kennedy Wilson expects a more active fourth quarter during which the majority of their 2020 asset sales will be completed.
Revenue & Expenses
Visualization of income flow from segment revenue to net income