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Dec 31, 2022
Kennedy-Wilson Q4 2022 Earnings Report
Reported Q4 and full year 2022 results, demonstrating growth in estimated annual NOI and fee-bearing capital.
Key Takeaways
Kennedy Wilson reported solid growth of 11% in multifamily same property NOI. The company remains focused on growing recurring cash flow in 2023 through the delivery of key development projects, organic NOI growth, and the continued expansion of its investment management platform.
Adjusted EBITDA of $147 million, compared to $187 million in Q4-21, driven by higher recurring investment income offset by lower gains.
Share of property NOI, loan income, and fees totaled $128 million, an increase of $2 million from Q4-21.
Realized gains from asset sales totaled $53 million.
Estimated Annual NOI grew by 13% to $491 million from Q4-21.
Revenue by Segment
Forward Guidance
Kennedy Wilson remains focused on growing recurring cash flow in 2023 through the delivery of several key development projects, organic NOI growth, and continued expansion of the investment management platform.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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