Kennedy-Wilson Holdings, Inc.
Business
Kennedy-Wilson Holdings, Inc. is a real estate investment company and investment manager operating across the United States, United Kingdom, and Ireland. The company invests directly in rental housing including multifamily and single-family properties, industrial real estate, and originates and services real estate loans, primarily senior construction loans for multifamily and student housing. Kennedy-Wilson operates through two reportable segments: a Consolidated Portfolio of wholly-owned properties and a Co-Investment Portfolio where it partners with institutional investors, earning asset management fees and carried interest.
Summary from 10-K filed 2026-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 501 | 531 | 563 | 540 | 454 | |
| Principal co-investments | 145 | 56 | −189 | 200 | 271 | |
| Carried interests | −2 | −50 | −64 | −21 | 118 | |
| Total income (loss) from unconsolidated investments | 143 | 7 | −253 | 178 | 389 | |
| Gain on sale of real estate, net | 95 | 160 | 128 | 104 | 413 | |
| Carried interests compensation | −300,000 | −17 | −15 | −4 | 42 | |
| General and administrative | 36 | 39 | 36 | 37 | 33 | |
| Depreciation and amortization | 133 | 148 | 158 | 173 | 166 | |
| Total expenses | 446 | 463 | 508 | 527 | 550 | |
| Interest expense | −240 | −261 | −259 | −221 | −192 | |
| Loss on early extinguishment of debt | −2 | −2 | −2 | 28 | −46 | |
| Other (loss) income | −13 | 4 | −5 | 36 | −5 | |
| Income (loss) before (provision for) benefit from income taxes | 37 | −24 | −337 | 138 | 463 | |
| (Provision for) benefit from income taxes | −14 | −10 | 55 | −36 | −126 | |
| Net income (loss) | 24 | −34 | −281 | 102 | 336 | |
| Net (income) loss attributable to noncontrolling interests | −19 | 700,000 | −22 | −8 | −6 | |
| Preferred dividends | −44 | −44 | −38 | −29 | −17 | |
| Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders | −39 | −77 | −342 | 65 | 313 | |
| Loss per basic (in dollars per share) | −0.28 | −0.56 | −2.46 | 0.47 | 2.26 | |
| Weighted average shares outstanding for basic (in shares) | 138 | 138 | 139 | 137 | 139 | |
| Loss per diluted (in dollars per share) | −0.28 | −0.56 | −2.46 | 0.47 | 2.24 | |
| Weighted average shares outstanding for diluted (in shares) | 138 | 138 | 139 | 139 | 140 | |
| Dividends declared per common share (in dollars per share) | 0.48 | 0.6 | 0.96 | 0.96 | 0.9 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 185 | 218 | 314 | 439 | 525 | |
| Accounts receivable, net (including $8.5 and $12.4 of related party) | 39 | 39 | 57 | 41 | 36 | |
| Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $991.3 and $949.1) | 3,997 | 4,290 | 4,837 | 5,188 | 5,060 | |
| Unconsolidated investments (including $1,789.9 and $1,884.4 at fair value) | 2,048 | 2,042 | 2,069 | 2,238 | 1,948 | |
| Other assets, net | 151 | 141 | 188 | 216 | 178 | |
| Loan purchases and originations, net | 203 | 231 | 247 | 149 | 130 | |
| Total assets | 6,623 | 6,961 | 7,712 | 8,272 | 7,877 | |
| Accounts payable | 10 | 11 | 18 | 16 | 19 | |
| Accrued expenses and other liabilities | 532 | 529 | 598 | 658 | 619 | |
| Total liabilities | 5,049 | 5,325 | 5,914 | 6,261 | 6,073 | |
| Preferred stock | 790 | 790 | 790 | 593 | 295 | |
| Common Stock, $0.0001 par value, 200,000,000 authorized, 137,908,004 and 137,442,778 shares issued outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 1,725 | 1,713 | 1,719 | 1,680 | — | |
| Accumulated deficit | −594 | −494 | −349 | 122 | 192 | |
| Accumulated other comprehensive loss | −385 | −408 | −404 | −430 | −390 | |
| Total Kennedy-Wilson Holdings, Inc. shareholders equity | 1,535 | 1,601 | 1,755 | 1,964 | 1,778 | |
| Noncontrolling interests | 38 | 35 | 43 | 46 | 26 | |
| Total equity | 1,573 | 1,636 | 1,798 | 2,010 | 1,804 | |
| Total liabilities and equity | 6,623 | 6,961 | 7,712 | 8,272 | 7,877 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Gain on sale of real estate, net | −95 | −160 | −128 | −104 | −413 | |
| Above/below market and straight-line rent amortization | 400,000 | −2 | −6 | −8 | 7 | |
| Uncollectible lease income | 2 | 4 | 5 | 8 | 13 | |
| Provision for deferred income taxes | 8 | −10 | −66 | 18 | 112 | |
| Amortization of loan fees | 10 | 10 | 9 | 9 | 16 | |
| Amortization of discount and accretion of premium and transactional foreign exchange | 3 | −8 | 3 | 3 | 2 | |
| Unrealized net loss derivatives | 10 | 15 | 16 | −46 | −5 | |
| Provision for loan loss reserves | 4 | 11 | 7 | 0 | 0 | |
| Accretion of discount on loans | −2 | −4 | −4 | 0 | −500,000 | |
| Share-based compensation expense | 26 | 24 | 35 | 29 | 29 | |
| Deferred compensation | 10 | −8 | −4 | 8 | 56 | |
| Operating distributions from unconsolidated investments | 68 | 61 | 69 | 78 | 82 | |
| Accounts receivable | −5 | 12 | −24 | −13 | −500,000 | |
| Other assets | −3 | −5 | −1 | −10 | −19 | |
| Accrued expenses and other liabilities | −42 | 6 | 5 | −8 | −25 | |
| Net cash provided by operating activities | 11 | 55 | 49 | 33 | −30 | |
| Issuance of loans | −54 | −40 | −150 | −51 | −83 | |
| Proceeds from collection of loans | 69 | 50 | 49 | 35 | 58 | |
| Payments for business acquired, net of cash acquired | −29 | 0 | 0 | — | — | |
| Net proceeds from sale of consolidated real estate | 566 | 590 | 384 | 326 | 486 | |
| Deposit for unconsolidated investment | −6 | 0 | 0 | — | — | |
| Purchases of consolidated real estate | −99 | −17 | 0 | −408 | −1,132 | |
| Capital expenditures to real estate | −67 | −132 | −217 | −161 | −139 | |
| Investing distributions from unconsolidated investments | 368 | 87 | 92 | 157 | 83 | |
| Contributions to unconsolidated investments | −208 | −125 | −167 | −361 | −281 | |
| Proceeds from settlement of derivative contracts | 0 | 2 | 0 | 113 | 0 | |
| Premiums paid for settlement of derivative contracts | −12 | 0 | −2 | −10 | −30 | |
| Net cash provided by (used in) investing activities | 526 | 414 | −12 | −362 | −1,038 | |
| Borrowings under line of credit | 491 | 170 | 50 | 528 | 314 | |
| Repayment of line of credit | −317 | −215 | −185 | −325 | −439 | |
| Borrowings under mortgage debt | 232 | 361 | 409 | 401 | 1,145 | |
| Repayment of mortgage debt | −469 | −521 | −446 | −390 | −268 | |
| Repayment of KWE Notes | −352 | −181 | 0 | −66 | −504 | |
| Payment of loan fees | −4 | −14 | −700,000 | −5 | −36 | |
| Issuance of common stock, net of issuance costs | 0 | −100,000 | 30 | −700,000 | 0 | |
| Repurchase of common stock | −9 | −15 | −21 | −31 | −83 | |
| Preferred stock issuance, net of issuance costs | 0 | −200,000 | 197 | 297 | 0 | |
| Common stock dividends paid | −68 | −100 | −136 | −135 | −124 | |
| Preferred stock dividends paid | −44 | −44 | −36 | −26 | −17 | |
| Loan receivable proceeds received from equity partners | 2 | 0 | 0 | — | — | |
| Contributions from noncontrolling interests | 300,000 | 600,000 | 1 | 26 | 8 | |
| Distributions to noncontrolling interests | −21 | −7 | −28 | −11 | −19 | |
| Net cash used in financing activities | −560 | −566 | −165 | 264 | 632 | |
| Effect of currency exchange rate changes on cash and cash equivalents | −10 | 0 | 2 | −21 | −4 | |
| Net change in cash and cash equivalents | −33 | −96 | −126 | −86 | −440 | |
| Interest | 220 | 256 | 252 | 214 | 184 | |
| Income taxes | 15 | 9 | 22 | 20 | 17 | |
| Cash received from consolidated and unconsolidated asset sales and loan repayments, net | 565 | 601 | 376 | 370 | 481 | |
| Cash received on interest rate hedges | 10 | 26 | 24 | 900,000 | −1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Kennedy-Wilson Holdings, Inc.'s CIK number?
Kennedy-Wilson Holdings, Inc.'s SEC CIK number is 0001408100 (1408100). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Kennedy-Wilson Holdings, Inc.'s SEC filings?
All of Kennedy-Wilson Holdings, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Kennedy-Wilson Holdings, Inc. last report earnings?
Kennedy-Wilson Holdings, Inc. (KW) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001408100-26-000099). This is Kennedy-Wilson Holdings, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Kennedy-Wilson Holdings, Inc.'s most recent earnings 8-K?
Kennedy-Wilson Holdings, Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001408100-26-000099. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Kennedy-Wilson Holdings, Inc.'s latest earnings 8-K →
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