Kennedy-Wilson Holdings, Inc. reported a GAAP net loss attributable to common shareholders of $6.4 million for Q2 2025, an improvement from a loss of $59.1 million in Q2 2024. Adjusted EBITDA for the quarter increased significantly to $147.1 million, up from $79.3 million in Q2 2024.
The company's Assets Under Management (AUM) grew to a record $30 billion, contributing to investment management fees reaching a quarterly record of $36 million, a 39% increase year-over-year. Fee-bearing capital also reached a record $9.2 billion.
Kennedy Wilson originated $1.3 billion in new rental housing construction loans in Q2 and acquired four U.S. multifamily communities totaling 1,200 units for $387 million. The company generated $250 million in cash proceeds from over $100 million in non-core asset sales in Q2, exceeding its $200 million target.
Significant progress was made on debt reduction, with $170 million repaid on the unsecured line of credit, reducing the balance to $100 million. The company also announced the full redemption of its €300 million KWE Notes due November 2025 by October 3, 2025, using asset sale proceeds and existing liquidity. U.S. same-store multifamily NOI grew by 3.3% with 94% occupancy.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.