Kennedy-Wilson Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:15 pm EDT
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Kennedy-Wilson Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 102.4 million compared to USD 110.9 million a year ago. Revenue was USD 141.3 million compared to USD 139.6 million a year ago. Net loss was USD 81.4 million compared to net income of USD 24.3 million a year ago. Basic loss per share from continuing operations was USD 0.66 compared to basic earnings per share from continuing operations of USD 0.12 a year ago. Diluted loss per share from continuing operations was USD 0.66 compared to diluted earnings per share from continuing operations of USD 0.12 a year ago.
For the nine months, sales was USD 315.6 million compared to USD 324.4 million a year ago. Revenue was USD 420 million compared to USD 400.4 million a year ago. Net loss was USD 66.9 million compared to net income of USD 63.2 million a year ago. Basic loss per share from continuing operations was USD 0.67 compared to basic earnings per share from continuing operations of USD 0.31 a year ago. Diluted loss per share from continuing operations was USD 0.67 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago.
Kennedy-Wilson Holdings, Inc. is a global real estate investment company. The Company owns, operates, and invests in real estate both on its own and through its investment management platform. It also has a debt platform focused on construction lending secured by multifamily and student housing properties throughout the United States. The Company focuses on multifamily and office properties, as well as industrial and debt investments in its Investment Management business in the Western United States, United Kingdom and Ireland. Its operations are defined by two business segments: its Consolidated Portfolio and Co-Investment Portfolio. Investment activities in the Consolidated Portfolio involve ownership of multifamily units, office, and retail space and one hotel. The Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate; fees, and performance allocations that it earns on its fee bearing capital.
KENNEDY-WILSON HOLDINGS, INC. 
