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Stock impact report

Kennedy Wilson Reports Q4 and Full Year 2023 Results

Kennedy-Wilson Holdings Inc. (KW) 
Last kennedy-wilson holdings inc. earnings: 2/26 04:35 pm Check Earnings Report
US:NYSE Investor Relations: ir.kennedywilson.com
Company Research Source: Business Wire
Company Provides Update on Strategic Asset Recycling and Cost Reduction Plan BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Kennedy-Wilson Holdings, Inc. (NYSE: KW), a leading global real estate investment company with $25 billion in AUM across its real estate equity and debt investment portfolio, today reported the following results for the fourth quarter and full year of 2023:“The fourth quarter capped off a strong year for our investment management platform which grew by 42% and contributed to 8% growth in Baseline EBITDA for 2023. Our 2023 financial results were impacted by $439 million in non-cash items primarily resulting from an unrealized decline in the real estate values of our co-investment portfolio driven by higher theoretical cap rates on high-quality assets held in long term well-capitalized strategic partnerships," said William McMorrow, Chairman and CEO of Kennedy Wilson. “The near-term completion of development projects coupled with the cost reduction plan announced in De Show less Read more
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