Kennedy-Wilson Q3 2022 Earnings Report
Key Takeaways
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.
Adjusted EBITDA of $166 million (vs. $203 million in Q3-21) driven by higher levels of recurring NOI and fees offset by decreases in fair value.
KW's share of recurring property NOI, loan income and fees totaled $130 million in Q3-22, an increase of $18 million from Q3-21.
Estimated Annual NOI Totals $473 million, an Increase of 15% from Q3-21.
Completed $1.4 billion in Gross Investment Transactions in Q3.
Kennedy-Wilson
Kennedy-Wilson
Kennedy-Wilson Revenue by Segment
Kennedy-Wilson Revenue by Geographic Location
Forward Guidance
While the near-term continues to be driven by uncertainty surrounding inflation and monetary policy, Kennedy Wilson remains confident around the long-term growth prospects.
Revenue & Expenses
Visualization of income flow from segment revenue to net income