Kennedy-Wilson Holdings Inc

KW

Equity

ISIN null / Valor 10751367

New York Stock Exchange, Inc (2025-11-21)

USD 9.85+3.14%

Kennedy-Wilson Holdings Inc
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About company

Kennedy-Wilson Holdings Inc is a global real estate investment company headquartered in Beverly Hills, CA, with offices in the U.S. and Europe. The company primarily focuses on multifamily and office properties, industrial investments, and debt investments through its investment management platform. Kennedy Wilson has completed over $18 billion in acquisitions since going public, with a global multifamily portfolio exceeding 26,000 units. The company has expanded its presence in key markets across the U.S. and Europe through strategic acquisitions, including the establishment of Kennedy Wilson Europe and the acquisition of a $5.7 billion loan portfolio from Pacific Western Bank. Kennedy Wilson's investment management business has surpassed $5 billion in fee-bearing capital, driven by the recent launch and expansion of global debt and European logistics platforms.

Summarized from source with an LLMView SourceSector: Finance

Investment Management Fees Surge by 83%

In Q4 2024, Kennedy-Wilson Holdings Inc. saw an 83% increase in Investment Management Fees, reaching $30 million compared to Q4 2023. For the full year, Investment Management Fees grew by 60% to $99 million, driven by higher recurring base management fees and increased originations from the company’s debt investment platform.

Asset Sales Generate $122 Million in Q4

The company completed $615 million in gross asset sales during Q4 2024, with Kennedy-Wilson’s share accounting for $122 million in cash and $81 million in net gains. Since Q3 2023, non-core asset sales have generated a total of $554 million in cash, including $475 million in 2024 alone.

Effective Debt Repayment and Unsecured Debt Reduction

Kennedy-Wilson repaid $262 million in unsecured debt in Q4 2024 and successfully reduced its overall debt profile. The company also redeemed €175 million of its outstanding euro-denominated notes, further strengthening its balance sheet and liquidity position as of December 31, 2024.

Growth Across Adjusted EBITDA

Both the fourth quarter and full-year earnings showed improvement, with growth observed across all key components of Adjusted EBITDA. This reflects the company’s effective capital deployment and successful execution of its strategic initiatives throughout 2024.

Strategic Initiatives and 2025 Outlook

Looking ahead to 2025, Kennedy-Wilson Holdings Inc. plans to continue expanding its rental housing and investment management businesses while focusing on reducing unsecured debt. The company has also launched a UK single-family rental housing joint venture with CPP Investments and has a robust pipeline of development projects poised to add approximately $65 million in estimated annual NOI.

Summarized from source with an LLMView Source

Key figures

-10.2%1Y

-40.7%3Y

-39.3%5Y

Performance

38.9%1Y

36.2%3Y

33.1%5Y

Volatility