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KW

Kennedy-Wilson Holdings, Inc.

KWReal EstateNASDAQ

Real Estate Services

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Financials · Annual
Revenue
$501.0M
-5.7% YoY
Net Income
$4.7M
+114.2% YoY
EBITDA
$410.0M
+6.2% YoY
Free Cash Flow
-$22.4M

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About Kennedy-Wilson Holdings, Inc.

Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company in the United States and Europe. At a $1.53B market cap, Kennedy-Wilson Holdings, Inc. ranks as a small-cap company within real estate. It focuses on investing in the rental housing sector and industrial properties; and originating, managing, and servicing real estate loans primarily senior construction loans secured by multifamily and student housing properties that are being developed by institutional sponsors.

Key stats
Market Cap$1.53B
P/E (TTM)91.75
Fwd P/E-10.29
EPS$0.12
Beta0.90
52W Change+73.4%
Dividend Yield4.36%
ROE5.0%
Analysis

The company holds $189.7M in cash, though total debt stands at $4.85B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow is running at -$22.4M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 5.0% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 0.8% is on the lower side, which is common in asset-heavy industries. Revenue has been uneven over recent years, ranging from $453.6M to $501.0M.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. At over 50x earnings, KW carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing KW.

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