Kennedy Wilson reports Q3 net loss of $21.2 million on $27 million non-core sales

Reuters
11/06
Kennedy Wilson reports Q3 net loss of $21.2 million on $27 million non-core sales

Kennedy Wilson Holdings Inc. reported a GAAP net loss to common shareholders of $21.2 million ($0.15 per diluted share) for the third quarter of 2025, compared to a loss of $77.4 million ($0.56 per diluted share) in the same period of 2024. Year-to-date, the net loss was $68.4 million ($0.50 per diluted share), compared to $109.6 million ($0.79 per diluted share) in the prior year. Adjusted EBITDA for the third quarter was $125.2 million, up from $66.4 million in 2024, and $370.5 million year-to-date, compared to $348.9 million in 2024. The company sold $27.0 million of real estate from its non-core residential holdings, with Kennedy Wilson's share at $15.0 million. As of September 30, 2025, Kennedy Wilson held $383.0 million in cash and cash equivalents, with $102.0 million drawn on its $550.0 million revolving credit facility. The company's share of debt had a weighted average effective interest rate of 4.7% and a weighted average maturity of 4.5 years, with 96% of debt fixed or hedged. Fee-bearing capital grew to $9.7 billion, and the company's 2025 disposition plan generated approximately $470.0 million in cash, exceeding its $400.0 million target.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kennedy Wilson Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251105857335) on November 05, 2025, and is solely responsible for the information contained therein.

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