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Kennedy-Wilson Holdings Inc. (KW)
NYSE:KW
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.51Last Year’s EPS
-$1.78Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -13.44%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook overall, with significant growth in assets under management, successful asset sales, and strategic partnerships. Although there were some regional challenges and debt maturity concerns, the positive aspects and strategic growth initiatives significantly outweigh these issues.Company Guidance
During the Kennedy-Wilson Q3 2024 earnings call, the company provided detailed guidance on its financial and strategic outlook. Key metrics highlighted included a growth in assets under management (AUM) to $28 billion from $25 billion at the end of 2023, and an estimated annual net operating income (NOI) increase to $492 million. The company's fee-bearing capital reached a record $8.8 billion. Investment management fees grew by 51% year-to-date, totaling $69 million, with expectations to hit approximately $100 million for the year. The company has completed $2.1 billion in new loan originations in 2024, contributing to a robust pipeline. Additionally, Kennedy-Wilson reported significant progress in its non-core asset sale program, generating $375 million in cash year-to-date with expectations to reach $550 million to $750 million. The call also introduced a new U.K. single-family rental housing platform, initially targeting GBP 1 billion in asset purchases, in partnership with the Canadian Pension Plan Investment Board (CPPIB). The company's strategic initiatives are underpinned by strong fundamentals, including a 94% occupancy rate across its rental housing portfolio, and a focus on expanding its investment management and credit platforms.Growth in Assets Under Management
AUM has grown to $28 billion versus $25 billion at 12/31/23, with estimated annual NOI increasing to $492 million.
Record Fee-Bearing Capital
Fee-bearing capital reached a record $8.8 billion, with investment management fees growing by 51% to $69 million year-to-date in 2024.
Successful Asset Sale Program
Disposed of $234 million in assets in Q3, generating $63 million in cash, with expectations to achieve $550 million to $750 million target for the year.
Strategic Partnership in the UK
Launched a new platform focused on the single-family rental housing market in partnership with CPPIB, targeting GBP 1 billion in asset purchases.
Improved Market Conditions
Improvement in real estate investment sentiment with the onset of the rate-cutting cycle by central banks and enhanced liquidity for high-quality real estate assets.
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KW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $11.61 | $11.25 | -3.10% |
| Aug 07, 2024 | $10.00 | $10.31 | +3.10% |
| May 08, 2024 | $8.74 | $9.68 | +10.76% |
| Feb 21, 2024 | $9.60 | $9.02 | -6.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kennedy-Wilson Holdings Inc. (KW) report earnings?
Kennedy-Wilson Holdings Inc. (KW) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Kennedy-Wilson Holdings Inc. (KW) earnings time?
Kennedy-Wilson Holdings Inc. (KW) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KW EPS forecast?
KW EPS forecast for the fiscal quarter 2024 (Q4) is -$0.51.
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