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KW

Kennedy-Wilson Holdings, Inc.

KW

Kennedy-Wilson Holdings, Inc. • NYSE
$9.73 ▼ -0.71% (-0.07)
Market Cap $1.34 B
52w High $11.65
52w Low $5.98
Dividend Yield 0.48%
P/E -36.04
Volume 643.25K
Outstanding Shares 137.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $116.4M ▼ $73.3M ▼ $-10.4M ▼ -8.935% ▼ $-0.15 ▼ $83.8M ▼
Q2-2025 $135.7M ▲ $75M ▲ $4.5M ▲ 3.316% ▲ $-0.046 ▲ $107M ▲
Q1-2025 $128.3M ▼ $68.7M ▼ $-29.9M ▼ -23.305% ▼ $-0.3 ▼ $61M ▼
Q4-2024 $135.5M ▲ $91.2M ▲ $44M ▲ 32.472% ▲ $0.24 ▲ $151.5M ▲
Q3-2024 $127.5M $10.2M $-66.6M -52.235% $-0.56 $26.3M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $382.6M ▲ $6.698B ▼ $5.138B ▼ $1.528B ▼
Q2-2025 $309.1M ▼ $6.797B ▼ $5.201B ▼ $1.563B ▲
Q1-2025 $356.6M ▲ $7.157B ▲ $5.565B ▲ $1.558B ▼
Q4-2024 $217.5M ▼ $6.961B ▼ $5.325B ▼ $1.601B ▼
Q3-2024 $367.1M $7.444B $5.791B $1.614B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-10.2M ▼ $-7.6M ▼ $129.6M ▼ $-48.8M ▲ $73.5M ▲ $-18M ▼
Q2-2025 $5.6M ▲ $42M ▲ $485M ▲ $-583.2M ▼ $-47.5M ▼ $29.4M ▲
Q1-2025 $-29.6M ▼ $-51.9M ▼ $-22.9M ▼ $218.8M ▲ $139.1M ▲ $-59.7M ▼
Q4-2024 $44M ▲ $29.6M ▲ $156M ▲ $-327.7M ▼ $-149.6M ▼ $8.8M ▼
Q3-2024 $-66.8M $-10.4M $89.3M $-85.8M $600K $78.3M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Investment Management Fees
Investment Management Fees
 $80.00M ▲$30.00M ▼$40.00M ▲$20.00M ▼
Other Revenue
Other Revenue
 $0 ▲$0 ▲$0 ▲$0 ▲
Real Estate
Real Estate
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Rental Services
Rental Services
 $100.00M ▲$100.00M ▲$90.00M ▼$90.00M ▲
Hotel
Hotel
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Kennedy-Wilson’s revenue has been relatively steady over the past few years, with a modest upward trend. Profitability, however, has been quite volatile. The company moved from healthy profits earlier in the period to a sizeable loss recently, followed by another small loss. Operating performance before interest and non‑cash items looks more stable and even improving, but bottom-line results swing widely, which suggests sensitivity to market conditions, property revaluations, interest costs, and one‑off items. Overall, the core business shows decent earning power, but reported profits have been inconsistent and recently weak.

Balance Sheet

Balance Sheet The balance sheet reflects a classic real estate investment profile: a large asset base funded heavily with debt and a relatively modest equity cushion. Debt levels are high and have crept up over time, while cash balances have trended down, leaving less liquidity on hand. Equity has held roughly steady, which suggests no major erosion in book value, but the structure is clearly leveraged. This can amplify returns in good markets but also raises financial risk, especially when interest rates are higher or asset values come under pressure.

Cash Flow

Cash Flow Cash generation from day‑to‑day operations has been thin, hovering only slightly above break‑even in most recent years and occasionally dipping negative. At the same time, the company continues to invest heavily in its properties and projects, so free cash flow has been consistently negative. That means Kennedy-Wilson is reliant on borrowing, asset sales, or external capital to fund growth and investments. The pattern fits a growth- and redevelopment-focused real estate model, but it leaves less room for error if markets tighten or financing becomes more expensive.

Competitive Edge

Competitive Edge Kennedy-Wilson competes by being a hands‑on owner, operator, and developer, rather than just a passive investor. Its long track record, deep relationships with lenders and institutional partners, and experience with complex, value‑add deals give it an edge in sourcing and executing transactions that others may not access as easily. The portfolio is diversified across property types and geographies in the Western U.S., the U.K., and Ireland, which helps spread risk. In addition, its growing real estate debt platform adds another source of income and deal flow. The main challenges are the inherently cyclical nature of real estate, competition from much larger asset managers, and exposure to segments like office that face structural changes.

Innovation and R&D

Innovation and R&D This is not a technology or heavy R&D business; its innovation is more strategic and operational. Kennedy-Wilson focuses on “smart” asset management, using sustainability and ESG as levers to improve property value and efficiency. Examples include energy‑efficient renovations, green-certified residential communities, and adaptive reuse of historic sites. The company relies on off‑the‑shelf digital tools to manage operations but does not develop its own tech. Its more meaningful innovation lies in deal structuring, value‑add redevelopment, expansion of its debt platform, and deeper integration of ESG standards into investment decisions and reporting.

Summary

Kennedy-Wilson is a specialized real estate investment company with a long track record, a vertically integrated model, and a clear focus on value‑add and opportunistic strategies, often with a sustainability angle. Strategically, it benefits from strong relationships, a diversified portfolio, and a growing debt investment platform. Financially, the picture is more mixed: revenues are steady and operating performance is improving, but earnings have been volatile and recently negative, cash generation is thin, and leverage is high with declining cash reserves. The business model is built to create value through active asset management and development, but it depends on favorable financing conditions, disciplined risk management, and continued success in navigating real estate cycles.

NEWS

November 25, 2025 · 8:00 AM UTC

KW STOCKHOLDER NOTICE: Kaskela Law LLC Announces Investigation of Kennedy-Wilson Holdings, Inc. (KW) and Encourages KW Stockholders to Contact the Firm

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November 12, 2025 · 8:00 AM UTC

KENNEDY-WILSON SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Kennedy-Wilson Holdings, Inc. (KW) and Encourages KW Shareholders to Contact the Firm to Protect Their Investment 

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November 5, 2025 · 4:27 PM UTC

Kennedy Wilson Reports Third Quarter 2025 Results

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November 5, 2025 · 4:15 PM UTC

Kennedy Wilson Announces Dividend of $0.12 Per Common Share for Fourth Quarter 2025

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October 9, 2025 · 6:00 AM UTC

Kennedy Wilson to Announce Third Quarter 2025 Earnings

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