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Dec 31, 2021

Kennedy-Wilson Q4 2021 Earnings Report

Reported strong results driven by NOI and investment management growth.

Key Takeaways

Kennedy Wilson reported strong Q4 and record full year 2021 results, driven by increased property values, NOI growth, and a strong investment management business. The company's Q4 Adjusted EBITDA was $187 million, and they completed $1.5 billion in investment transactions during the quarter.

FY-21 Adjusted EBITDA Increased by 53% to $928 million.

4Q-21 Adjusted EBITDA to $187 million (vs. $347 million in 4Q-20).

Completed $5.9 billion in Investment Transactions in FY-21 Which Grew Estimated Annual NOI by $40 Million and Fee-Bearing Capital by $1.1 Billion.

Completed $1.5 billion in Investment Transactions in 4Q-21 Which Grew Estimated Annual NOI by $21 Million and Fee-Bearing Capital by $200 Million.

Total Revenue
$131M
Previous year: $107M
+23.4%
EPS
$0.27
Previous year: $1.21
-77.7%
Adjusted EBITDA
$187M
Previous year: $347M
-46.0%
Adjusted Net Income
$85.5M
Previous year: $223M
-61.6%
Gross Profit
$91.6M
Previous year: $70.1M
+30.7%
Cash and Equivalents
$525M
Previous year: $965M
-45.6%
Total Assets
$7.88B
Previous year: $7.33B
+7.5%

Kennedy-Wilson

Kennedy-Wilson

Kennedy-Wilson Revenue by Segment

Forward Guidance

Kennedy Wilson's forward guidance anticipates continued long-term growth, supported by a $300 million investment from Fairfax Financial Holdings and a focus on growing NOI and the investment management business.

Revenue & Expenses

Visualization of income flow from segment revenue to net income