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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
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% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 540 | 562.60 | 531.40 | 501 |
| 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 |
| Operating Income | 13.20 | 54.30 | 68.50 | 54.80 |
| EBITDA | 531.80 | 80.30 | 385.90 | 410 |
| EBIT | 358.90 | -77.50 | 237.60 | 277 |
| Pretax Income | 138.10 | -336.70 | -23.50 | 37.40 |
| Tax Provision | 36.20 | -55.30 | 10.20 | 13.60 |
| Net Income | 93.70 | -303.80 | -33 | 4.70 |
| Net Income Common Stockholders | 64.80 | -341.80 | -76.50 | -38.80 |
| Total Expenses | 526.80 | 508.30 | 462.90 | 446.20 |
| Interest Expense | 220.80 | 259.20 | 261.10 | 239.60 |
| Selling General And Administration | 173.20 | 160 | 157 | 172.30 |
| Normalized EBITDA | 400.60 | -45.70 | 227.50 | 317.60 |
| Normalized Income | -3.13 | -409.14 | -158.14 | -54.07 |
| Market Cap | 1,509.26 | 1,509.26 | 1,509.26 | 1,509.26 |
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 | - | 321.12↑ premium | 2.02 | 0.6% | 14.23 |
| Seven Hills Realty Trust | SEVN | $182M | 8.97 | 0.55 | 4.6% | - |
| Douglas Elliman Inc. | DOUG | $174M | 11.59 | 0.95 | 8.3% | -46.49 |
| Modiv Industrial, Inc. | MDV | $165M | - | 1.01 | 0.5% | 13.16 |
| ACRES Commercial Realty Corp. | ACR |
| $151M |
| 688.67 |
| 0.32 |
| 3.9% |
| - |
| Clipper Realty Inc. | CLPR | $144M | - | -1.79 | 24.6% | 17.96 |
| RPT | RPT | $109M | - | 0.45 | 0.5% | - |
| Sunrise Realty Trust, Inc. | SUNS | $100M | 7.98 | 0.55 | 6.7% | - |
| Franklin Street Properties Corp. | FSP | $65M | - | 0.11 | -7.4% | 8.75 |
| Peer Median | - | 10.28 | 0.50 | 4.3% | 10.96 | |