REIT Kennedy Wilson reports Q4 adjusted net income of $68 mln

Reuters02-26
REIT Kennedy Wilson reports Q4 adjusted net income of $68 mln 

Overview

  • Real estate investment firm's Q4 adjusted EBITDA beat analyst expectations

  • Company completed acquisition of Toll Brothers Apartment Living platform , adding $5 bln in AUM

  • Company reported Q4 adjusted net income of $68 mln

Result Drivers

  • TOLL BROTHERS ACQUISITION - Acquisition added $5 bln in AUM and increased Fee-Bearing Capital by $1 bln

  • INVESTMENT MANAGEMENT FEES - Fees grew 16% in FY-25, driven by increased Fee-Bearing Capital and loan originations

  • BASELINE EBITDA DECLINE - Baseline EBITDA fell due to lower property NOI from non-core asset sales

Company press release: ID:nBw2yxL8wa

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted Net Income

$68 mln

Q4 Adjusted EBITDA

Beat

$179 mln

$120.20 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 $8.35, about 23.3% below its February 24 closing price of $10.88

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.)

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