Kennedy-Wilson Holdings, Inc.

Listed Company

KWCIK 0001408100NYSELarge AcceleratedReal EstateDelawareFY ends Dec 31

Period

FY 2025

Revenue

$501.00M

Net Income

$23.80M

Total Assets

—

Equity

—

Shares Out

139.30M

Op. Cash Flow

$11.40M

Business

Kennedy-Wilson Holdings, Inc. is a real estate investment company and investment manager that acquires, operates and manages income-producing real estate and real estate-related investments. It offers investment management, asset management, property management, loan origination and servicing, co-investment alongside third-party capital, and development and redevelopment services across multiple property types. Its operations are organized into two primary segments: a consolidated investment portfolio of wholly owned assets and a co-investment portfolio of joint ventures, funds and loan investments. The company operates across the United States, the United Kingdom, Ireland and select European markets through direct ownership, joint ventures and managed funds.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro