Kennedy-Wilson Holdings, Inc.

Real EstateSmall CapUS Equities · NYSE / NASDAQ

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Company Profile

Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company in the United States and Europe. It focuses on investing in the rental housing sector and industrial properties; and originating, managing, and servicing real estate loans primarily senior construction loans secured by multifamily and student housing properties that are being developed by institutional sponsors. The company invests in the office assets and other investments, including hotel and retail properties. In addition, it is involved in the development, redevelopment, and entitlement projects; and provides investment management platform. Kennedy-Wilson Holdings, Inc. was founded in 1977 and is headquartered in Beverly Hills, California.

Valuation

Market Cap$1.5B

Current Price$10.92as of Jun 15, 2026

P/E Ratio-

P/B Ratio1.00

EV / EBITDA14.28

EV / Sales11.69

Profitability

Operating Margin10.9%

Net Profit Margin-7.7%

EBITDA Margin81.8%

Returns

ROE-2.5%

ROCE5.3%

ROIC %-

ROA-0.6%

Solvency

Current Ratio0.89

Debt / Equity2.94

Debt / Assets0.68

CFO / Net Profit-0.29

Price History▲ 66.97% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$501M▼ 5.7%

EBITDA$410M▲ 6.2%

Net Profit$5M▼ 114.2%

Cash from Ops (CFO)$11M▼ 79.3%

Free Cash Flow (FCF)$-55M▼ 27.8%

Revenue CAGR 3Y-2.5%

Revenue CAGR 5Y-

Net Profit CAGR 3Y-63.1%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$501M	$410M	$5M	$-55M	0.6%	-5.7%	-114.2%
2024	$531M	$386M	$-33M	$-77M	-4.1%	-5.5%	-89.1%
2023	$563M	$80M	$-304M	$-168M	-31.5%	4.2%	-424.2%
2022	$540M	$532M	$94M	$-128M	6.8%	-	-
2021	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	540	562.60	531.40	501
Operating Revenue	-	538.30	560.40	530	500.20
Cost Of Revenue	-	180.70	190.50	157.60	140.90
Gross Profit	-	359.30	372.10	373.80	360.10
Operating Expense	-	346.10	317.80	305.30	305.30
Selling General And Administration	-	173.20	160	157	172.30
Total Expenses	-	526.80	508.30	462.90	446.20
Operating Income	-	13.20	54.30	68.50	54.80
EBITDA	-	531.80	80.30	385.90	410
Normalized EBITDA	-	400.60	-45.70	227.50	317.60
EBIT	-	358.90	-77.50	237.60	277
Interest Expense	-	220.80	259.20	261.10	239.60
Net Interest Income	-	-220.80	-259.20	-261.10	-239.60
Other Non Operating Income Expenses	-	36.10	-5	4.20	-13
Other Income Expense	-	345.70	-131.80	169.10	222.20
Interest Expense Non Operating	-	220.80	259.20	261.10	239.60
Net Non Operating Interest Income Expense	-	-220.80	-259.20	-261.10	-239.60
Pretax Income	-	138.10	-336.70	-23.50	37.40
Tax Provision	-	36.20	-55.30	10.20	13.60
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	34.37	20.66	33.26	33.63
Net Income Continuous Operations	-	101.90	-281.40	-33.70	23.80
Net Income From Continuing And Discontinued Operation	-	93.70	-303.80	-33	4.70
Net Income From Continuing Operation Net Minority Interest	-	93.70	-303.80	-33	4.70
Net Income	-	93.70	-303.80	-33	4.70
Net Income Common Stockholders	-	64.80	-341.80	-76.50	-38.80
Net Income Including Noncontrolling Interests	-	101.90	-281.40	-33.70	23.80
Normalized Income	-	-3.13	-409.14	-158.14	-54.07
Diluted NI Availto Com Stockholders	-	64.80	-341.80	-76.50	-38.80
Basic Average Shares	-	136.90	138.93	137.78	137.92
Diluted Average Shares	-	138.57	138.93	137.78	137.92
Reconciled Depreciation	-	172.90	157.80	148.30	133
Reconciled Cost Of Revenue	-	180.70	190.50	157.60	140.90
Total Unusual Items	-	131.20	126	158.40	92.40
Total Unusual Items Excluding Goodwill	-	131.20	126	158.40	92.40
Preferred Stock Dividends	-	28.90	38	43.50	43.50
Minority Interests	-	-8.20	-22.40	0.70	-19.10
Special Income Charges	-	27.50	-1.60	-1.70	-2.30
Other Special Charges	-	-27.50	1.60	1.70	2.30
Gain On Sale Of Security	-	103.70	127.60	160.10	94.70
Depreciation Amortization Depletion Income Statement	-	172.90	157.80	148.30	133
Depreciation And Amortization In Income Statement	-	172.90	157.80	148.30	133
General And Administrative Expense	-	173.20	160	157	172.30
Other Gand A	-	37.20	35.70	38.80	36.40
Salaries And Wages	-	136	124.30	118.20	135.90
Rent Expense Supplemental	-	151.20	152.60	150	140.90
Earnings From Equity Interest	-	178.40	-252.80	6.50	142.80

Peer Comparison

Real Estate sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Kennedy-Wilson Holdings, Inc.this co.	KW	$1.5B	-	1.00	-2.5%	14.28
Sila Realty Trust, Inc.	SILA	$1.7B	50.45	1.26	2.5%	16.48
Century Communities, Inc.	CCS	$1.6B	10.95	0.62	5.7%	12.52
Empire State Realty Trust, Inc.	ESRT	$1.6B	33.83	1.52	4.5%	10.36
RLJ Lodging Trust	RLJ	$1.6B

Learn while you research

Hand-picked academy chapters to deepen your understanding of Kennedy-Wilson Holdings, Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Leverage Ratios

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$501M

$410M

$5M

$-55M

0.6%

-5.7%

-114.2%

2024

$531M

$386M

$-33M

$-77M

-4.1%

-5.5%

-89.1%

2023

$563M

$80M

$-304M

$-168M

-31.5%

4.2%

-424.2%

2022

$540M

$532M

$94M

$-128M

6.8%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

540

562.60

531.40

501

Operating Revenue

538.30

560.40

530

500.20

Cost Of Revenue

180.70

190.50

157.60

140.90

Gross Profit

359.30

372.10

373.80

360.10

Operating Expense

346.10

317.80

305.30

Selling General And Administration

173.20

160

157

172.30

Total Expenses

526.80

508.30

462.90

446.20

Operating Income

13.20

54.30

68.50

54.80

EBITDA

531.80

80.30

385.90

410

Normalized EBITDA

400.60

-45.70

227.50

317.60

EBIT

358.90

-77.50

237.60

277

Interest Expense

220.80

259.20

261.10

239.60

Net Interest Income

-220.80

-259.20

-261.10

-239.60

Other Non Operating Income Expenses

36.10

-5

4.20

-13

Other Income Expense

345.70

-131.80

169.10

222.20

Interest Expense Non Operating

220.80

259.20

261.10

239.60

Net Non Operating Interest Income Expense

-220.80

-259.20

-261.10

-239.60

Pretax Income

138.10

-336.70

-23.50

37.40

Tax Provision

36.20

-55.30

10.20

13.60

Tax Rate For Calcs

Tax Effect Of Unusual Items

34.37

20.66

33.26

33.63

Net Income Continuous Operations

101.90

-281.40

-33.70

23.80

Net Income From Continuing And Discontinued Operation

93.70

-303.80

-33

4.70

Net Income From Continuing Operation Net Minority Interest

93.70

-303.80

-33

4.70

Net Income

93.70

-303.80

-33

4.70

Net Income Common Stockholders

64.80

-341.80

-76.50

-38.80

Net Income Including Noncontrolling Interests

101.90

-281.40

-33.70

23.80

Normalized Income

-3.13

-409.14

-158.14

-54.07

Diluted NI Availto Com Stockholders

64.80

-341.80

-76.50

-38.80

Basic Average Shares

136.90

138.93

137.78

137.92

Diluted Average Shares

138.57

138.93

137.78

137.92

Reconciled Depreciation

172.90

157.80

148.30

133

Reconciled Cost Of Revenue

180.70

190.50

157.60

140.90

Total Unusual Items

131.20

126

158.40

92.40

Total Unusual Items Excluding Goodwill

131.20

126

158.40

92.40

Preferred Stock Dividends

28.90

43.50

Minority Interests

-8.20

-22.40

0.70

-19.10

Special Income Charges

27.50

-1.60

-1.70

-2.30

Other Special Charges

-27.50

1.60

1.70

2.30

Gain On Sale Of Security

103.70

127.60

160.10

94.70

Depreciation Amortization Depletion Income Statement

172.90

157.80

148.30

133

Depreciation And Amortization In Income Statement

172.90

157.80

148.30

133

General And Administrative Expense

173.20

160

157

172.30

Other Gand A

37.20

35.70

38.80

36.40

Salaries And Wages

136

124.30

118.20

135.90

Rent Expense Supplemental

151.20

152.60

150

140.90

Earnings From Equity Interest

178.40

-252.80

6.50

142.80

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Kennedy-Wilson Holdings, Inc.this co.

$1.5B

1.00

-2.5%

14.28

Sila Realty Trust, Inc.

SILA

$1.7B

50.45

1.26

2.5%

16.48

Century Communities, Inc.

CCS

$1.6B

10.95

0.62

5.7%

12.52

Empire State Realty Trust, Inc.

ESRT

$1.6B

33.83

1.52

4.5%

10.36

RLJ Lodging Trust

RLJ

$1.6B

Kennedy-Wilson Holdings, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Kennedy-Wilson Holdings, Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on