Overview

* Kennedy Wilson Q3 adjusted EBITDA beats analyst expectations, indicating improved operational performance

* Company reports GAAP net loss of $21.2 mln, reduced from $77.4 mln in Q3-24

Outlook

* Kennedy Wilson to acquire Toll Brothers Apartment Living, deal pending, expects to add $5 bln in AUM

Result Drivers

* ASSET SALES - Generated $192 mln in cash from asset sales and recapitalizations in Q3-25, exceeding annual target

* INVESTMENT MANAGEMENT FEES - Increased 8% due to higher Fee-Bearing Capital and loan originations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS -$0.15

Q3 $18 mln

Adjusted

Net

Income

Q3 Beat $125.2 $100.3

Adjusted mln mln (1

EBITDA Analyst)

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

* Wall Street's median 12-month price target for Kennedy-Wilson Holdings Inc ( KW ) is $8.35, about 10.5% above its November 4 closing price of $7.47

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)