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Kennedy-Wilson Holdings, Inc. (KW) 10-Year Financial Performance & Capital Metrics

KW • • REIT / Real Estate
Real EstateReal Estate ServicesReal Estate Investment & DevelopmentDiversified Real Estate Investors
AboutKennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. As of December 31, 2021, the company had ownership interests in 10,460 multifamily units, 4.9 million square feet of office space, 3.4 million square feet of retail and industrial space, and one hotel. It is also involved in the development, redevelopment, and entitlement of real estate properties. The company was founded in 1977 and is headquartered in Beverly Hills, California.Show more
  • Revenue $531M -5.5%
  • FFO $115M +179.0%
  • FFO/Share 0.84 +179.6%
  • FFO Payout 86.9% +193.3%
  • FFO per Share 0.84 +179.6%
  • NOI Margin 70.34% +6.4%
  • FFO Margin 21.7% +183.6%
  • ROE -1.92% +88.0%
  • ROA -0.45% +88.2%
  • Debt/Assets 68.74%
  • Net Debt/EBITDA 21.07 -10.4%
  • Book Value/Share 11.87 -8.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FFO growing 189.7% TTM
  • ✓High NOI margin of 70.3%
  • ✓Trading near 52-week high
  • ✓Trading at only 0.8x book value

✗Weaknesses

  • ✗High debt to equity ratio of 2.9x

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.92%
5Y-1.38%
3Y5.42%
TTM-4.2%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM102.61%

EPS CAGR

10Y-
5Y-
3Y-
TTM90.07%

ROCE

10Y Avg0.91%
5Y Avg0.14%
3Y Avg0.64%
Latest1.01%

Peer Comparison

Diversified Real Estate Investors
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TCITranscontinental Realty Investors, Inc.449.59M52.0476.53-4.81%12.04%0.66%0.29%0.21
FRPHFRP Holdings, Inc.466.8M24.4271.820.65%10.9%1%6.21%0.38
NENNew England Realty Associates Limited Partnership184.16M65.2514.638.12%13.54%19.82%
ALBTAvalon GloboCare Corp.4.85M1.14-0.146.19%-13.55%-109.23%1.10
RFLRafael Holdings, Inc.63.21M1.24-1.1943.96%-33.28%-31.03%0.01
LODEComstock Inc.208.13M4.06-1.26136.65%-18.94%-43.25%0.23
STHOStar Holdings116.15M9.12-1.40-12.17%-175.79%-50.29%0.63
BPYPOBrookfield Property Partners L.P.14.91-9.44-3.92%-4.94%-1.17%1.42

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Revenue+603.7M703.4M810.6M773.5M569.7M454M453.6M540M562.6M531.4M
Revenue Growth %0.51%0.17%0.15%-0.05%-0.26%-0.2%-0%0.19%0.04%-0.06%
Property Operating Expenses200.5M253.8M331.7M334.8M214.2M149.5M145.4M180.7M190.5M157.6M
Net Operating Income (NOI)+----------
NOI Margin %----------
Operating Expenses+372.2M438.1M439.1M431.6M385.6M304.5M404.2M346.1M317.8M305.3M
G&A Expenses205.9M239.9M226.6M225.5M198M179M237.9M173.2M160M157M
EBITDA+294.7M830M879.6M773.5M749.8M532.9M70.3M186.1M212.1M216.8M
EBITDA Margin %----------
Depreciation & Amortization+166.3M691.9M770.8M766.4M599.8M179.6M166.3M172.9M157.8M148.3M
D&A / Revenue %----------
Operating Income+128.4M138.1M108.8M7.1M150M0-96M13.2M54.3M68.5M
Operating Margin %----------
Interest Expense+155.7M191.6M217.7M238.2M214.2M201.9M192.4M220.8M259.2M261.1M
Interest Coverage0.82x0.72x0.50x0.03x0.70x--0.50x0.06x0.21x0.26x
Non-Operating Income-140.7M-144.5M-230.6M-456.1M0-353.3M-751M-345.7M131.8M-169.1M
Pretax Income+112.4M90.5M121.7M270.1M362.5M151.4M462.6M138.1M-336.7M-23.5M
Pretax Margin %----------
Income Tax+53.4M14M-16.3M58M41.4M43.6M126.2M36.2M-55.3M10.2M
Effective Tax Rate %----------
Net Income+74.7M5.6M100.5M150M321.1M110.1M330.4M93.7M-303.8M-33M
Net Margin %----------
Net Income Growth %2.41%-0.93%16.95%0.49%1.14%-0.66%2%-0.72%-4.24%0.89%
Funds From Operations (FFO)+----------
FFO Margin %----------
FFO Growth %0.91%1.89%0.25%0.05%0%-0.69%0.71%-0.46%-1.55%1.79%
FFO per Share+----------
FFO Payout Ratio %----------
EPS (Diluted)+0.660.010.831.042.270.662.240.47-2.46-0.56
EPS Growth %3.71%-0.98%82%0.25%1.18%-0.71%2.39%-0.79%-6.23%0.77%
EPS (Basic)0.660.010.831.052.300.662.260.47-2.46-0.56
Diluted Shares Outstanding109.55M109.09M119.15M144.75M141.5M140.35M140.13M138.57M138.93M137.78M

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Assets+7.6B7.66B7.72B7.38B7.3B7.33B7.88B8.27B7.71B6.96B
Asset Growth %0.2%0.01%0.01%-0.04%-0.01%0%0.07%0.05%-0.07%-0.1%
Real Estate & Other Assets+5.85B5.85B6.46B5.76B5.13B-104.7M5.1B5.28B4.9B4.32B
PP&E (Net)27.9M25.4M99.6M38M37.3M33.5M27.6M25.6M15.9M15.4M
Investment Securities1000K1000K1000K1000K1000K01000K1000K1000K1000K
Total Current Assets+1.11B1.1B551.1M606.7M699.5M0756.8M693.8M686.1M549.7M
Cash & Equivalents182.6M885.7M351.3M488M573.9M965.1M524.8M439.3M313.7M217.5M
Receivables1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Assets549M0000-1.06B0000
Intangible Assets103.3M72.4M63.1M37.2M26.1M08.4M3.9M2.5M1.4M
Total Liabilities4.73B5.31B6.15B5.95B5.59B5.66B6.07B6.26B5.91B5.33B
Total Debt+4.32B4.89B5.66B5.41B5.05B5.09B5.43B5.59B5.3B4.78B
Net Debt4.13B4B5.31B4.92B4.47B4.13B4.91B5.15B4.98B4.57B
Long-Term Debt4.32B4.89B5.66B5.41B5.05B5.09B5.43B5.59B5.3B4.78B
Short-Term Borrowings0000000000
Capital Lease Obligations0000295.2M00000
Total Current Liabilities+414.2M423.3M485.4M537.8M538.4M0637.7M674.4M615.7M540.2M
Accounts Payable22.2M11.2M19.5M24.1M20.4M018.6M16.2M17.9M10.8M
Deferred Revenue0000000000
Other Liabilities00000-5.09B0000
Total Equity+2.87B2.34B1.58B1.43B1.72B1.67B1.8B2.01B1.8B1.64B
Equity Growth %-0.06%-0.18%-0.33%-0.09%0.2%-0.03%0.08%0.11%-0.11%-0.09%
Shareholders Equity1.13B1.05B1.37B1.25B1.68B1.64B1.78B1.96B1.76B1.6B
Minority Interest1.73B1.3B211.9M184.5M40.5M28.2M26.3M46.4M43.3M34.8M
Common Stock0000000000
Additional Paid-in Capital1.23B1.23B1.88B1.74B1.75B1.73B1.68B1.68B1.72B1.71B
Retained Earnings-44.2M-112.2M-90.6M-56.4M46.2M17.7M192.4M122.1M-349M-493.7M
Preferred Stock0000295.2M295.2M295.2M592.5M789.9M789.7M
Return on Assets (ROA)0.01%0%0.01%0.02%0.04%0.02%0.04%0.01%-0.04%-0%
Return on Equity (ROE)0.03%0%0.05%0.1%0.2%0.06%0.19%0.05%-0.16%-0.02%
Debt / Assets0.57%0.64%0.73%0.73%0.69%0.7%0.69%0.68%0.69%0.69%
Debt / Equity1.51x2.09x3.59x3.78x2.94x3.05x3.01x2.78x2.95x2.92x
Net Debt / EBITDA14.03x4.82x6.04x6.37x5.97x7.75x69.84x27.66x23.50x21.07x
Book Value per Share26.1521.4813.249.8912.1511.9212.8714.5112.9411.87

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+178.2M102.9M73M93.1M-19.5M-12.6M-30.3M32.9M48.9M55.1M
Operating CF Growth %0.82%-0.42%-0.29%0.28%-1.21%0.35%-1.4%2.09%0.49%0.13%
Operating CF / Revenue %----------
Net Income59M76.5M138M212.1M321.1M107.8M336.4M101.9M-281.4M-33.7M
Depreciation & Amortization166.3M198.2M212.5M206.1M187.6M179.6M166.3M172.9M157.8M148.3M
Stock-Based Compensation30.8M65.1M38.2M37.1M30.2M32.3M28.7M29M34.5M23.6M
Other Non-Cash Items-193.4M-193.2M-233.4M-444.9M-535.8M-359.4M-630M-258.1M224.1M-85.7M
Working Capital Changes91.1M-52.5M-57.8M43.4M-49.3M-100K-43.9M-31.1M-20.2M13M
Cash from Investing+-1.48B-286.7M-70.2M593.1M182.3M590.8M-1.04B-361.6M-11.7M414.2M
Acquisitions (Net)-184.3M-124.9M-79.9M-352.7M-266M-111.6M-280.8M-361.3M-167.4M-125M
Purchase of Investments-246M-27.4M-4M-3M191.1M-12.1M-30.1M-10.4M-2.1M0
Sale of Investments1000K1000K1000K1000K1000K1000K1000K1000K01000K
Other Investing798.8M629.7M810M110.6M414.9M882.9M-727.1M58.4M375M669.2M
Cash from Financing+1.12B419.8M-565.3M-528.8M-85.8M-206.6M632M264.2M-164.8M-565.5M
Dividends Paid-51.8M-64.8M-59.2M-128.4M-117.5M-139.7M-140.7M-160.5M-171.5M-143.7M
Common Dividends-51.8M-64.8M-59.2M-128.4M-114.9M-126.1M-123.5M-134.6M-136M-100.2M
Debt Issuance (Net)1000K1000K1000K-1000K1000K1000K1000K1000K-1000K-1000K
Share Repurchases-11.4M-64.8M-67.7M-177.9M-20.7M-57.4M-83.2M-31.2M-20.9M-15.1M
Other Financing-314.8M-282.2M-847M-102.3M-253.8M-20M-46.5M10M-27.1M-19.8M
Net Change in Cash+-206.1M154.1M-534.4M136.7M85.9M391.2M-440.3M-85.5M-125.6M-96.2M
Exchange Rate Effect-1000K-1000K1000K-1000K1000K1000K-1000K-1000K1000K0
Cash at Beginning937.7M731.6M885.7M351.3M488M573.9M965.1M524.8M439.3M313.7M
Cash at End731.6M885.7M351.3M488M573.9M965.1M524.8M439.3M313.7M217.5M
Free Cash Flow+-1.75B-846.7M-741.3M907.4M-210.6M-206.7M-169.5M-128M-168.3M-76.5M
FCF Growth %0.06%0.52%0.12%2.22%-1.23%0.02%0.18%0.24%-0.31%0.55%
FCF / Revenue %----------

Key Ratios

Metric2015201620172018201920202021202220232024
FFO per Share2.26.397.316.336.512.063.541.92-1.050.84
FFO Payout Ratio21.49%9.29%6.79%14.01%12.48%43.53%24.86%50.49%-93.15%86.9%
NOI Margin66.79%63.92%59.08%56.72%62.4%67.07%67.95%66.54%66.14%70.34%
Net Debt / EBITDA14.03x4.82x6.04x6.37x5.97x7.75x69.84x27.66x23.50x21.07x
Debt / Assets56.83%63.87%73.3%73.33%69.09%69.51%69%67.54%68.7%68.74%
Interest Coverage0.82x0.72x0.50x0.03x0.70x--0.50x0.06x0.21x0.26x
Book Value / Share26.1521.4813.249.8912.1511.9212.8714.5112.9411.87
Revenue Growth51.46%16.51%15.24%-4.58%-26.35%-20.31%-0.09%19.05%4.19%-5.55%

Revenue by Segment

2015201620172018201920202021202220232024
Rental Services---514.6M447.4M403.9M390.5M434.9M415.3M390.6M
Rental Services Growth-----13.06%-9.72%-3.32%11.37%-4.51%-5.95%
Investment Management Fees------35.3M44.8M61.9M98.9M
Investment Management Fees Growth-------26.91%38.17%59.77%
Real Estate---56.8M1.1M-8.6M-26.1M31.2M
Real Estate Growth-----98.06%----19.54%
Hotel---155.7M80.5M13.9M17.1M46.9M57.1M9.3M
Hotel Growth-----48.30%-82.73%23.02%174.27%21.75%-83.71%
Other Revenue--------2.2M1.4M
Other Revenue Growth----------36.36%
Loans And Other------8.6M11.7M--
Loans And Other Growth-------36.05%--
Property Service Fees------2.1M400K--
Property Service Fees Growth--------80.95%--
Management Service------800K---
Management Service Growth----------
Investment Management And Property Services Fees-----33.1M----
Investment Management And Property Services Fees Growth----------
Investment Management, Property Services And Research Fees---45.3M40.7M-----
Investment Management, Property Services And Research Fees Growth-----10.15%-----
Loan Purchases, Loan Originations And Other---1.1M------
Loan Purchases, Loan Originations And Other Growth----------
KW Investments--127.5M-------
KW Investments Growth----------
Investments Product Line106.4M116.2M--------
Investments Product Line Growth-9.21%--------
Services-28.9M--------
Services Growth----------
Services37.8M---------
Services Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES229.3M304.1M316.3M327.8M275.7M274.2M278.1M317.5M334.1M368M
UNITED STATES Growth-32.62%4.01%3.64%-15.89%-0.54%1.42%14.17%5.23%10.15%
Europe-----176.7M175.5M222.5M228.5M163.4M
Europe Growth-------0.68%26.78%2.70%-28.49%
JAPAN13.3M2.1M1M-------
JAPAN Growth--84.21%-52.38%-------
IRELAND---33.1M------
IRELAND Growth----------

Frequently Asked Questions

Growth & Financials

Kennedy-Wilson Holdings, Inc. (KW) reported $515.9M in revenue for fiscal year 2024. This represents a 724% increase from $62.6M in 2011.

Kennedy-Wilson Holdings, Inc. (KW) saw revenue decline by 5.5% over the past year.

Yes, Kennedy-Wilson Holdings, Inc. (KW) is profitable, generating $8.2M in net income for fiscal year 2024 (-6.2% net margin).

Dividend & Returns

Yes, Kennedy-Wilson Holdings, Inc. (KW) pays a dividend with a yield of 7.27%. This makes it attractive for income-focused investors.

Kennedy-Wilson Holdings, Inc. (KW) has a return on equity (ROE) of -1.9%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Kennedy-Wilson Holdings, Inc. (KW) generated Funds From Operations (FFO) of $145.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Kennedy-Wilson Holdings, Inc. (KW) offers a 7.27% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

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