Kennedy-Wilson Holdings, Inc. reported a GAAP net loss of $66.6 million for the third quarter of 2024. This compares to a net loss of $66.6 million in the same period of the prior year.
The company's revenue for the third quarter was $127.5 million, which remained flat compared to the third quarter of 2023. Assets Under Management (AUM) stood at $28 billion, with fee-bearing capital reported at $8.8 billion.
Kennedy Wilson's estimated annual Net Operating Income (NOI) from its stabilized portfolio was $492 million, with multifamily, loans, and industrial assets comprising approximately 70% of the portfolio. The occupancy rate for stabilized multifamily and commercial assets was 93.6%.
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