Kennedy-Wilson Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Kennedy-Wilson Holdings Inc reported revenue of $501.0M (-5.7% year on year) and net income of ($38.8M) (+49.3% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenue | $501.0M | $531.4M | $562.6M | $540.0M |
| Principal co-investments | $144.6M | $56.2M | ($188.5M) | $199.5M |
| Carried interests | ($1.8M) | ($49.7M) | ($64.3M) | ($21.1M) |
| Total income (loss) from unconsolidated investments | $142.8M | $6.5M | ($252.8M) | $178.4M |
| Gain on sale of real estate, net | $94.7M | $160.1M | $127.6M | $103.7M |
| Cost of goods and services | $277.1M | $292.4M | $329.9M | — |
| Carried interests compensation | ($300.0K) | ($16.6M) | ($15.1M) | ($4.3M) |
| General and administrative | $36.4M | $38.8M | $35.7M | $37.2M |
| Depreciation and amortization | $133.0M | $148.3M | $157.8M | $172.9M |
| Total expenses | $446.2M | $462.9M | $508.3M | $526.8M |
| Interest expense | ($239.6M) | ($261.1M) | ($259.2M) | ($220.8M) |
| Loss on early extinguishment of debt | ($2.3M) | ($1.7M) | ($1.6M) | $27.5M |
| Other (loss) income | ($13.0M) | $4.2M | ($5.0M) | $36.1M |
| Income (loss) before (provision for) benefit from income taxes | $37.4M | ($23.5M) | ($336.7M) | $138.1M |
| (Provision for) benefit from income taxes | ($13.6M) | ($10.2M) | $55.3M | ($36.2M) |
| Net income (loss) | $23.8M | ($33.7M) | ($281.4M) | $101.9M |
| Net (income) loss attributable to noncontrolling interests | ($19.1M) | $700.0K | ($22.4M) | ($8.2M) |
| Preferred dividends | ($43.5M) | ($43.5M) | ($38.0M) | ($28.9M) |
| Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders | ($38.8M) | ($76.5M) | ($341.8M) | $64.8M |
| Loss per basic (in dollars per share) | -$0.28 | -$0.56 | -$2.46 | $0.47 |
| Weighted average shares outstanding for basic (in shares) | 137.9M | 137.8M | 138.9M | 136.9M |
| Loss per diluted (in dollars per share) | -$0.28 | -$0.56 | -$2.46 | $0.47 |
| Weighted average shares outstanding for diluted (in shares) | 137.9M | 137.8M | 138.9M | 138.6M |
| Dividends declared per common share (in dollars per share) | $0.48 | $0.60 | $0.96 | $0.96 |
| Line item | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 | Mar 31, 2025 · Q1 |
|---|---|---|---|---|
| Total revenue | $117.2M | $116.4M | $135.7M | $128.3M |
| Principal co-investments | $58.2M | $25.7M | $1.8M | $19.6M |
| Carried interests | $300.0K | $8.8M | ($2.0M) | ($8.2M) |
| Total income from unconsolidated investments | $58.5M | $34.5M | ($200.0K) | $11.4M |
| Gain (loss), net on sale and consolidation of real estate | $5.5M | $11.1M | $55.1M | ($800.0K) |
| Cost of goods and services | $67.1M | $64.8M | $67.7M | $65.0M |
| Carried interests compensation | $0 | $3.0M | ($600.0K) | ($2.7M) |
| General and administrative | $10.4M | $7.6M | $8.8M | $10.4M |
| Depreciation and amortization | $32.2M | $32.6M | $34.5M | $34.1M |
| Total expenses | $109.7M | $108.0M | $110.4M | $106.8M |
| Interest expense | ($59.2M) | ($58.4M) | ($62.5M) | ($61.4M) |
| Loss on early extinguishment of debt | ($300.0K) | ($200.0K) | ($2.1M) | $0 |
| Other income (loss) | $1.0M | ($2.6M) | ($5.6M) | ($5.2M) |
| Income (loss) before benefit from income taxes | $13.0M | ($7.2M) | $10.0M | ($34.5M) |
| Benefit from income taxes | $11.5M | ($3.0M) | ($4.4M) | $4.9M |
| Net income (loss) | $24.5M | ($10.2M) | $5.6M | ($29.6M) |
| Net loss (income) attributable to the noncontrolling interests | $100.0K | ($200.0K) | ($1.1M) | ($300.0K) |
| Preferred dividends | ($10.9M) | ($10.8M) | ($10.9M) | ($10.9M) |
| Net income (loss) attributable to Kennedy-Wilson Holdings, Inc. common shareholders | $13.7M | ($21.2M) | ($6.4M) | ($40.8M) |
| Weighted average shares outstanding (in shares) | 138.6M | 137.9M | 138.1M | 137.7M |
| Earnings (loss) per share (in dollars per share) | $0.10 | -$0.15 | -$0.05 | -$0.30 |
| Weighted average shares outstanding (in shares) | 139.2M | 137.9M | 138.1M | 137.7M |
| Dividends declared per common share (in dollars per share) | $0.12 | $0.12 | $0.12 | $0.12 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $184.5M | $217.5M | $313.7M | $439.3M |
| Accounts receivable, net (including $8.5 and $12.4 of related party) | $38.8M | $38.7M | $57.3M | $40.8M |
| Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $991.3 and $949.1) | $4.0B | $4.3B | $4.8B | $5.2B |
| Unconsolidated investments (including $1,789.9 and $1,884.4 at fair value) | $2.0B | $2.0B | $2.1B | $2.2B |
| Other assets, net | $150.8M | $141.0M | $187.5M | $216.1M |
| Loan purchases and originations, net | $203.3M | $231.1M | $247.2M | $149.4M |
| Total assets | $6.6B | $7.0B | $7.7B | $8.3B |
| Accounts payable | $10.0M | $10.8M | $17.9M | $16.2M |
| Accrued expenses and other liabilities | $531.6M | $529.4M | $597.8M | $658.2M |
| Long-term debt | $4.5B | $4.8B | $5.3B | $5.6B |
| Total liabilities | $5.0B | $5.3B | $5.9B | $6.3B |
| Preferred stock | $789.7M | $789.7M | $789.9M | $592.5M |
| Common Stock, $0.0001 par value, 200,000,000 authorized, 137,908,004 and 137,442,778 shares issued outstanding as of December 31, 2025 and December 31, 2024, respectively | 0 | 0 | 0 | 0 |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B |
| Accumulated deficit | ($594.3M) | ($493.7M) | ($349.0M) | $122.1M |
| Accumulated other comprehensive loss | ($385.1M) | ($407.6M) | ($404.4M) | ($430.1M) |
| Total Kennedy-Wilson Holdings, Inc. shareholders’ equity | $1.5B | $1.6B | $1.8B | $2.0B |
| Noncontrolling interests | $38.3M | $34.8M | $43.3M | $46.4M |
| Total equity | $1.6B | $1.6B | $1.8B | $2.0B |
| Total liabilities and equity | $6.6B | $7.0B | $7.7B | $8.3B |
| Line item | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $184.6M | $382.6M | $309.1M | $356.6M |
| Accounts receivable, net (including $13.6 and $8.5 of related party) | $36.6M | $57.5M | $42.0M | $35.0M |
| Real estate and acquired in place lease values (net of accumulated depreciation and amortization of $993.5 and $991.3) | $4.2B | $4.0B | $4.1B | $4.3B |
| Unconsolidated investments (including $1,741.6 and $1,789.9 at fair value) | $2.0B | $1.9B | $2.0B | $2.1B |
| Loan purchases and originations, net of allowance for credit losses | $189.9M | $216.1M | $209.9M | $205.1M |
| Other assets, net | $216.4M | $119.6M | $122.4M | $139.1M |
| Total assets | $6.8B | $6.7B | $6.8B | $7.2B |
| Accounts payable | $5.7M | $6.2M | $8.9M | $9.1M |
| Accrued expenses and other liabilities | $501.8M | $521.1M | $569.4M | $557.7M |
| Long-term debt | $4.8B | $4.6B | $4.6B | $5.0B |
| Total liabilities | $5.3B | $5.1B | $5.2B | $5.6B |
| Preferred stock | $789.7M | $789.7M | $789.7M | $789.7M |
| Common stock, $0.0001 par value per share, 200,000,000 authorized, 139,303,275 and 137,908,004 shares issued and outstanding as of March 31, 2026 and December 31, 2025 | $0.00 | $0.00 | $0.00 | $0.00 |
| Additional paid-in capital | $1.7B | $1.7B | $1.7B | $1.7B |
| Accumulated deficit | ($597.3M) | ($607.3M) | ($569.5M) | ($551.1M) |
| Accumulated other comprehensive loss | ($392.5M) | ($373.2M) | ($369.1M) | ($393.0M) |
| Total Kennedy-Wilson Holdings, Inc. shareholders' equity | $1.5B | $1.5B | $1.6B | $1.6B |
| Noncontrolling interests | $37.1M | $32.5M | $33.3M | $34.2M |
| Total equity | $1.6B | $1.6B | $1.6B | $1.6B |
| Total liabilities and equity | $6.8B | $6.7B | $6.8B | $7.2B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $23.8M | ($33.7M) | ($281.4M) | $101.9M |
| Gain on sale of real estate, net | ($94.7M) | ($160.1M) | ($127.6M) | ($103.7M) |
| Depreciation and amortization | $133.0M | $148.3M | $157.8M | $172.9M |
| Above/below market and straight-line rent amortization | $400.0K | ($1.6M) | ($5.5M) | ($8.0M) |
| Uncollectible lease income | $2.3M | $3.6M | $5.4M | $8.0M |
| Provision for deferred income taxes | $7.9M | ($10.4M) | ($65.9M) | $18.3M |
| Amortization of loan fees | $10.1M | $9.9M | $9.2M | $9.1M |
| Amortization of discount and accretion of premium and transactional foreign exchange | $3.2M | ($7.5M) | $2.9M | $2.6M |
| Unrealized net loss derivatives | $9.6M | $14.8M | $16.4M | ($45.9M) |
| Loss on early extinguishment of debt | $2.3M | $1.7M | — | — |
| (Income) loss from unconsolidated investments | ($142.8M) | ($6.5M) | $252.8M | — |
| Provision for loan loss reserves | $4.1M | $11.2M | $7.0M | — |
| Accretion of discount on loans | ($1.9M) | ($4.1M) | ($3.5M) | $0 |
| Share-based compensation expense | $25.7M | $23.6M | $34.5M | $29.0M |
| Deferred compensation | $10.4M | ($7.9M) | ($3.8M) | $7.6M |
| Operating distributions from unconsolidated investments | $67.6M | $60.8M | $69.2M | $78.1M |
| Accounts receivable | ($4.5M) | $11.6M | ($23.8M) | ($13.4M) |
| Other assets | ($3.4M) | ($4.5M) | ($1.3M) | ($9.7M) |
| Accrued expenses and other liabilities | ($41.7M) | $5.9M | $4.9M | ($8.0M) |
| Net cash provided by operating activities | $11.4M | $55.1M | $48.9M | $32.9M |
| Issuance of loans | ($54.3M) | ($40.1M) | ($150.2M) | ($50.9M) |
| Proceeds from collection of loans | $68.8M | $49.8M | $48.9M | $34.5M |
| Payments for business acquired, net of cash acquired | ($29.4M) | — | — | — |
| Net proceeds from sale of consolidated real estate | $565.7M | $589.5M | $383.9M | $325.9M |
| Deposit for unconsolidated investment | ($6.4M) | — | — | — |
| Purchases of consolidated real estate | ($99.3M) | ($16.6M) | $0 | ($408.2M) |
| Capital expenditures to real estate | ($66.6M) | ($131.6M) | ($217.2M) | ($160.9M) |
| Investing distributions from unconsolidated investments | $367.6M | $86.6M | $92.4M | $157.1M |
| Contributions to unconsolidated investments | ($208.2M) | ($125.0M) | ($167.4M) | ($361.3M) |
| Proceeds from settlement of derivative contracts | $0 | $1.6M | $0 | $112.6M |
| Premiums paid for settlement of derivative contracts | ($12.1M) | $0 | ($2.1M) | — |
| Net cash provided by (used in) investing activities | $525.8M | $414.2M | ($11.7M) | ($361.6M) |
| Borrowings under line of credit | $491.0M | $170.0M | $50.0M | $528.4M |
| Repayment of line of credit | ($317.2M) | ($215.2M) | ($185.0M) | ($325.0M) |
| Borrowings under mortgage debt | $231.5M | $360.7M | $408.9M | $401.3M |
| Repayment of mortgage debt | ($469.3M) | ($521.1M) | ($446.4M) | ($389.6M) |
| Repayment of KWE Notes | ($352.0M) | ($181.1M) | $0 | ($65.8M) |
| Payment of loan fees | ($4.3M) | ($13.9M) | ($700.0K) | ($5.0M) |
| Issuance of common stock, net of issuance costs | $0 | ($100.0K) | $29.8M | — |
| Repurchase of common stock | ($9.2M) | ($15.0M) | ($20.9M) | ($31.2M) |
| Preferred stock issuance, net of issuance costs | $0 | ($200.0K) | $197.4M | $297.3M |
| Common stock dividends paid | ($68.0M) | ($100.2M) | ($136.0M) | ($134.6M) |
| Preferred stock dividends paid | ($43.5M) | ($43.5M) | ($35.5M) | ($25.9M) |
| Loan receivable proceeds received from equity partners | $1.5M | — | — | — |
| Contributions from noncontrolling interests | $300.0K | $600.0K | $1.3M | $25.8M |
| Line item | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD | Mar 31, 2025 · Q1 |
|---|---|---|---|---|
| Net income (loss) | $24.5M | ($34.2M) | ($24.0M) | ($29.6M) |
| Loss on sale of real estate, net | ($5.5M) | ($65.4M) | ($54.3M) | $800.0K |
| Depreciation and amortization | $32.2M | $101.2M | $68.6M | $34.1M |
| Above/below market and straight-line rent amortization | ($2.1M) | ($200.0K) | ($300.0K) | $100.0K |
| Uncollectible lease income | $100.0K | $1.8M | $700.0K | $200.0K |
| Accretion of discount on loans receivable | ($200.0K) | ($1.6M) | ($1.2M) | ($2.9M) |
| Provision for credit losses | $0 | $4.0M | $3.1M | $500.0K |
| Benefit from deferred income taxes | ($13.3M) | ($24.1M) | ($5.0M) | ($7.1M) |
| Amortization of deferred loan costs | $3.1M | $10.1M | $5.7M | $2.7M |
| Amortization of discount and accretion of premium on issuance of senior notes and mortgage debt | $100.0K | $3.7M | $6.0M | $4.2M |
| Unrealized net (gain) loss on derivatives | ($7.0M) | $10.0M | $8.3M | $4.4M |
| Income from unconsolidated investments | ($58.5M) | ($45.7M) | ($11.2M) | ($11.4M) |
| Operating distributions from unconsolidated investments | $16.3M | $49.8M | $31.2M | $16.0M |
| Deferred compensation | $1.6M | $7.1M | $1.1M | ($200.0K) |
| Share-based compensation | $4.6M | $19.3M | $12.8M | $6.3M |
| Accounts receivable | ($4.1M) | ($4.1M) | ($4.0M) | $4.1M |
| Other assets | ($3.0M) | ($3.9M) | $1.7M | ($7.1M) |
| Accounts payable, accrued expenses and other liabilities | ($76.7M) | ($45.3M) | ($49.1M) | ($67.0M) |
| Net cash used in operating activities | ($87.9M) | ($17.5M) | ($9.9M) | ($51.9M) |
| Proceeds from collection of loans receivable | $21.6M | $40.8M | $32.9M | $24.1M |
| Issuance and acquisition of loans receivable, net of discounts | ($14.4M) | ($39.6M) | ($26.0M) | ($9.1M) |
| Net proceeds from sale of consolidated real estate | $103.4M | $454.7M | $423.9M | $13.1M |
| Purchases of real estate | ($38.3M) | ($25.7M) | ($25.7M) | ($25.7M) |
| Capital expenditures to real estate | ($9.5M) | ($30.8M) | ($20.4M) | ($7.8M) |
| Payments for business acquired, net of cash acquired | ($8.0M) | — | — | — |
| Premiums paid on derivative contracts | ($1.0M) | ($8.0M) | ($2.1M) | — |
| Distributions from unconsolidated investments | $52.1M | $308.5M | $167.3M | $6.4M |
| Contributions to unconsolidated investments | ($24.7M) | ($108.2M) | ($87.8M) | ($21.8M) |
| Net cash provided by (used in) investing activities | $81.2M | $591.7M | $462.1M | ($22.9M) |
| Borrowings under line of credit | $195.0M | $170.0M | $170.0M | $170.0M |
| Repayment of line of credit | ($109.3M) | ($178.7M) | ($178.7M) | — |
| Borrowings under mortgage debt | $57.1M | $8.8M | $3.6M | $0 |
| Repayment of mortgage debt | ($89.3M) | ($314.8M) | ($304.0M) | ($4.8M) |
| Payment of deferred loan costs | ($1.5M) | ($300.0K) | ($300.0K) | $0 |
| Repurchase and retirement of common stock | ($11.8M) | ($9.2M) | ($9.2M) | ($6.7M) |
| Common dividends paid | ($16.7M) | ($51.5M) | ($34.9M) | ($18.3M) |
| Preferred dividends paid | ($10.9M) | ($32.6M) | ($21.8M) | ($10.9M) |
| Loan receivable proceeds received from equity partners | ($2.1M) | $700.0K | $15.6M | — |
| Distributions to noncontrolling interests | ($1.1M) | ($5.9M) | ($4.7M) | ($1.0M) |
| Net cash provided by financing activities | $9.4M | ($413.2M) | ($364.4M) | $218.8M |
| Effect of currency exchange rate changes on cash and cash equivalents | ($2.6M) | $4.1M | $3.8M | ($4.9M) |
| Net change in cash and cash equivalents | $100.0K | $165.1M | $91.6M | $139.1M |
| Cash and cash equivalents, beginning of period | $184.5M | $217.5M | $217.5M | $217.5M |
| Cash and cash equivalents, end of period | $184.6M | $382.6M | $309.1M | $356.6M |
| Interest | $82.4M | $190.0M | $112.2M | $78.2M |
Kennedy-Wilson Holdings Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.