Kennedy Wilson Q2 adjusted EBITDA beats estimates

Kennedy-Wilson Holdings

06/08/2025 21:30

Overview

Kennedy Wilson Q2 adjusted EBITDA beats analyst expectations, driven by asset sales, per LSEG data

Adjusted net income for Q2 exceeds estimates, reflecting strong operational performance

Company's AUM grows to $30 bln, supported by credit investment platform expansion

Outlook

Company expects $5.2 bln in future funding commitments to boost Fee-Bearing Capital

Kennedy Wilson sees strong rental housing origination pipeline, currently over $1 billion in new originations in process

Company anticipates $9.6 mln addition to NOI from Vintage portfolio completion

Result Drivers

ASSET SALES - Realized gains from asset sales significantly boosted adjusted EBITDA

AUM GROWTH - AUM reached $30 bln, driven by credit investment  platform expansion and rental portfolio growth

INVESTMENT FEES - Investment management fees increased by 39%, driven by loan originations and recurring fees

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Income
Beat
$34.50 mln
-$15 mln (1 Analyst)
Q2 Adjusted EBITDA
Beat
$147.10 mln
$118.20 mln (2 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

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 $8.35, about 12.1% above its August 5 closing price of $7.34

Press Release: ID:nBw7fyWwga

(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.)