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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