Kennedy-Wilson | 8-K: FY2025 Q3 Revenue: USD 116.4 M

Revenue: As of FY2025 Q3, the actual value is USD 116.4 M.

EPS: As of FY2025 Q3, the actual value is USD -0.15, beating the estimate of USD -0.1761.

EBIT: As of FY2025 Q3, the actual value is USD 66.8 M.

Segment Revenue

• Rental Revenue: $87.2 million for Q3 2025, compared to $97.8 million for Q3 2024. Year-to-date (YTD) 2025 rental revenue was $277.8 million, compared to $293.0 million for YTD 2024.
• Investment Management Fees: $23.4 million for Q3 2025, compared to $21.6 million for Q3 2024. YTD 2025 investment management fees were $84.8 million, compared to $69.0 million for YTD 2024.

Operational Metrics

• Net Loss: GAAP net loss to common shareholders was -$21.2 million for Q3 2025, compared to -$77.4 million for Q3 2024. YTD 2025 net loss was -$68.4 million, compared to -$109.6 million for YTD 2024.
• Adjusted EBITDA: $125.2 million for Q3 2025, compared to $66.4 million for Q3 2024. YTD 2025 adjusted EBITDA was $370.5 million, compared to $348.9 million for YTD 2024.

Cash Flow

• Operating Cash Flow: Not explicitly detailed in the provided data.
• Free Cash Flow: Not explicitly detailed in the provided data.

Unique Metrics

• Fee-Bearing Capital: Reached a record $9.7 billion, with $603 million in loan originations completed in Q3 2025.
• Assets Under Management (AUM): Grew to a record $31 billion.

Outlook / Guidance

• Kennedy Wilson expects to add $5 billion in assets under management through the acquisition of Toll Brothers’ Apartment Living platform, which will grow its rental housing portfolio to over 60,000 units.
• The company has generated approximately $470 million in cash from asset sales and recapitalizations YTD 2025, exceeding its target of $400 million for the year.
• The company announced the payoff of its €300 million KWE bonds and the pending acquisition of Toll Brothers’ Apartment Living platform.