Kennedy-Wilson Holdings Inc (FRA:13K)

Q3 2025 Kennedy-Wilson Holdings Inc Earnings Call Transcript

Nov 6, 2025 / 05:00 PM GMT

Release Date Price: €8.2 (-2.38%)

Transcript 10-Q8-K

Key Points

Positve

Kennedy-Wilson Holdings Inc (KW) reported significant growth in its investment management business, with assets under management increasing to $31 billion, reflecting an 11% year-over-year growth.
Fee-bearing capital grew by 10% from the previous year, reaching $9.7 billion, and has grown approximately 20% per year over the last four years.
The company successfully deployed or committed approximately $900 million in Q3, driving total capital deployment to $3.5 billion year-to-date.
Kennedy-Wilson Holdings Inc (KW) achieved a substantial increase in adjusted EBITDA, which nearly doubled from $66 million in Q3 of last year to $125 million in Q3 2025.
The company has made significant progress in its UK single-family rental platform, adding $62 million in new investments, bringing the total portfolio to 1,300 homes.

Negative

Kennedy-Wilson Holdings Inc (KW) reported a GAAP EPS loss of $0.15 per share for the first quarter, although this was an improvement from a loss of $0.56 per share in Q3 of last year.
The company's European stabilized office portfolio experienced a 6% decrease in same property NOI, impacted by a 5% decline in occupancy.
There was a noted slowdown in loan origination volumes in Q3 compared to the record levels in Q2, attributed to seasonal factors and increased competition.
The Northern California region saw a decline in NOI by 1.5%, indicating challenges in that specific market.
The company faced higher expenses in its vintage housing affordable portfolio, which offset rental increases and resulted in flat same-store NOI for Q3.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KW.N - Kennedy-Wilson Holdings Inc
Q3 2025 Kennedy-Wilson Holdings Inc Earnings Call
Nov 06, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Kennedy Wilson 3rd quarter 2025 earnings conference call and webcast. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the key, followed by zero.

After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then 1 on a touchtone phone. To withdraw your question, please press star, then 2. Please note this event is being recorded.

I would now like to hand the conference over to Devin Bhavsar, head of investor relations. Please go ahead.

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Unidentified_2 [2]

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