Kennedy-Wilson Holdings Earnings Call Transcripts
Fiscal Year 2026
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The meeting established a quorum and approved all three proposals, including a merger agreement, executive compensation, and adjournment provisions. No stockholder questions were raised, and final results will be reported in a Form 8-K.
Fiscal Year 2025
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Q3 2025 saw strong growth in investment management, with AUM up 11% and adjusted EBITDA nearly doubling year-over-year. The pending Toll Brothers acquisition will add $5B to AUM, while asset sales and recapitalizations strengthened liquidity and simplified the debt structure.
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Q2 2025 results exceeded expectations with strong capital deployment, record AUM, and robust fee growth. Rental housing and credit platforms drove performance, while asset sales and debt reduction advanced strategic goals. Share repurchases and further capital deployment remain priorities.
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Q1 2025 featured strong capital deployment, rental housing growth, and a 5% rise in baseline EBITDA. Asset sales and debt reduction remain priorities, with fee revenue up 17% and robust pipelines supporting 20–25% annual fee growth targets.
Fiscal Year 2024
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Q4 2024 saw adjusted EBITDA nearly triple year-over-year, driven by robust investment activity, strong rental housing and industrial performance, and significant growth in investment management fees. The company achieved its asset sale targets, reduced unsecured debt, and is positioned for further growth in 2025.
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Q3 2024 saw strong growth in investment management, robust multifamily fundamentals, and significant asset sales. Fee-bearing capital and AUM reached record highs, with positive outlooks for rental housing and credit platforms. Liquidity and debt management remain strong.
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Q2 2024 saw strong growth in investment management revenue, fee-bearing capital, and NOI, with a strategic focus on multifamily, credit, and industrial segments. Asset sales and cost reductions further strengthened the balance sheet, while capital raising expanded globally, including a renewed presence in Japan.