Kennedy Wilson Q1 adjusted EBITDA rises, net income turns positive

Kennedy-Wilson Holdings

06/05/2026 21:23

Overview

Global real estate investor's Q1 adjusted EBITDA rose yr/yr and beat sole analyst estimate

Q1 adjusted net income swung to profit from prior yr loss

Company revenue fell yr/yr, mainly due to asset sales and recapitalizations

Outlook

Company did not provide specific financial guidance for future quarters or the full year in its press release

Result Drivers

HIGHER INVESTMENT MANAGEMENT FEES - Co said investment management fees rose 11% yr/yr, driven by higher fee-bearing capital and recapitalization activity

ASSET SALES AND RECAPITALIZATIONS - Co said lower property NOI was due to asset sales and recapitalizations completed since Q1-25

FAIR VALUE GAINS - Co said fair value gains in co-investment portfolio were primarily driven by global rental housing portfolio

Company press release: ID:nBw65jVCWa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
$50.50 mln
Q1 Adjusted EBITDA
Beat
$141.80 mln
$120.30 mln (1 Analyst)

Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

Wall Street's median 12-month price target for Kennedy-Wilson Holdings Inc is $7.70, about 29.5% below its May 5 closing price of $10.92

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)