Tearsheet

Kennedy-Wilson (KW)

Market Price (12/4/2025): $9.76 | Market Cap: $1.3 Bil
Sector: Real Estate | Industry: Real Estate Services

Kennedy-Wilson (KW)

Market Price (12/4/2025): $9.76
Market Cap: $1.3 Bil
Sector: Real Estate
Industry: Real Estate Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 5.9%	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -101%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 369%
1	Low stock price volatility Vol 12M is 49%		Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 95x, P/EPrice/Earnings or Price/(Net Income) is 140x
2	Megatrend and thematic drivers Megatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Green Building Certification, Energy Efficient Building Materials, Show more.		Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -8.7%
3			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, Dividend Yield is 5.9%
1	Low stock price volatility Vol 12M is 49%
2	Megatrend and thematic drivers Megatrends include Sustainable & Green Buildings, and Smart Buildings & Proptech. Themes include Green Building Certification, Energy Efficient Building Materials, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -53%, 3Y Excs Rtn is -101%
4	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 369%
5	Expensive valuation multiples P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 95x, P/EPrice/Earnings or Price/(Net Income) is 140x
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.7%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.9%, Rev Chg QQuarterly Revenue Change % is -8.7%
7	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -7.7%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022	2021
Share Price CYE	$9.76	$9.54	$11.07	$13.18	$18.98
Market Cap CYE ($ Bil)	1.3	1.3	1.5	1.8	2.6
Total Debt ($ Bil)	4.6	4.8	5.3	5.6	5.4
Total Cash ($ Bil)	0.4	0.2	0.3	0.4	0.5
Enterprise Value ($ Bil)	5.6	6.1	6.8	7.4	8.0
Valuation Ratios
P/S TTM	2.2	2.6	3.1	4.0	7.3
P/EBIT TTM	4.3	5.8	-22.2	6.0	5.0
P/E TTM	139.9	-41.7	-5.7	23.0	10.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$9.76	$9.54	$11.07
Market Cap CYE ($ Bil)	1.3	1.3	1.5
Total Debt ($ Bil)	4.6	4.8	5.3
Total Cash ($ Bil)	0.4	0.2	0.3
Enterprise Value ($ Bil)	5.6	6.1	6.8
Valuation Ratios
P/S TTM	2.2	2.6	3.1
P/EBIT TTM	4.3	5.8	-22.2
P/E TTM	139.9	-41.7	-5.7
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	KW	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	0.5
Rev Chg Q	-8.7%	7.1%
Rev Chg LTM	-3.8%	6.1%
Rev Chg 3Y Avg	-0.9%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	0.1
CFO LTM ($ Bil)	0.0
Net Inc LTM ($ Bil)	0.0
Op Mgn LTM	12.2%	18.8%
CFO/Rev LTM	2.3%	20.5%
Net Inc Mgn	1.6%	13.1%
VALUATION	MODERATE
P/S	2.2	3.2
P/CFO	94.8	15.8
P/FCF	-29.0	20.5
P/E	139.9	23.5

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Metric	Value	Date	Source
Assets Under Management	$31 billion	11052025	Link
Fee-Bearing Capital	$9.7 billion	11052025	Link
Multifamily Units (Market Rate)	27457	11062025	Link
Multifamily Units (Affordable)	13415	11062025	Link
Total Multifamily Units	40872	11062025	Link
Market Rate Multifamily Occupancy Rate	94.9%	11062025	Link
Total Multifamily Occupancy Rate	94.4%	11062025	Link
Debt Investment Platform Size	$10.5 billion	11072025	Link
Industrial, Retail and Office Square Feet	25M	2282025	Link

Recent
11/05/2025	Earnings Release	Rev: $116 Mil (A) vs. $232 Mil (E) EPS: 0.14 (A) vs. $0.04 (E)
Upcoming
12/31/2025	Dividend	Amount: $0.12 Payment On: 1/08/2026
2/25/2026	Earnings Release	Rev: - EPS: -

KW Stock

Return (1M): 30.66%

Why The Stock Moved

Qualitative Assessment

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1. Adjusted EBITDA Growth

Kennedy-Wilson reported a substantial increase in Adjusted EBITDA, reaching $125.2 million in the third quarter of 2025, compared to $66.4 million in the same period of 2024.

2. Record Fee-Bearing Capital and Assets Under Management (AUM)

The company's Fee-Bearing Capital grew to a record $9.7 billion, and its total Assets Under Management (AUM) expanded to a record $31 billion in the third quarter of 2025.

Stock Movement Drivers

Fundamental Drivers

The 14.6% change in KW stock from 9/3/2025 to 12/3/2025 was primarily driven by a 16.9% change in the company's P/S Multiple.

	9032025	12032025	Change
Stock Price ($)	8.52	9.76	14.61%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	527.00	515.90	-2.11%
P/S Multiple	2.23	2.61	16.87%
Shares Outstanding (Mil)	138.14	137.90	0.18%
Cumulative Contribution			14.61%

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
KW	14.6%
Market (SPY)	6.2%	9.5%
Sector (XLRE)	-1.0%	24.6%

Fundamental Drivers

The 55.3% change in KW stock from 6/4/2025 to 12/3/2025 was primarily driven by a 57.7% change in the company's P/S Multiple.

	6042025	12032025	Change
Stock Price ($)	6.29	9.76	55.26%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	523.30	515.90	-1.41%
P/S Multiple	1.65	2.61	57.66%
Shares Outstanding (Mil)	137.75	137.90	-0.11%
Cumulative Contribution			55.26%

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
KW	55.3%
Market (SPY)	15.1%	18.9%
Sector (XLRE)	-0.8%	33.6%

Fundamental Drivers

The -8.1% change in KW stock from 12/3/2024 to 12/3/2025 was primarily driven by a -4.2% change in the company's P/S Multiple.

	12032024	12032025	Change
Stock Price ($)	10.63	9.76	-8.15%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	536.00	515.90	-3.75%
P/S Multiple	2.72	2.61	-4.23%
Shares Outstanding (Mil)	137.41	137.90	-0.36%
Cumulative Contribution			-8.15%

LTM = Last Twelve Months as of date shown

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
KW	-8.1%
Market (SPY)	14.3%	39.9%
Sector (XLRE)	-4.3%	50.5%

Fundamental Drivers

The -30.7% change in KW stock from 12/4/2022 to 12/3/2025 was primarily driven by a -91.9% change in the company's Net Income Margin (%).

	12042022	12032025	Change
Stock Price ($)	14.08	9.76	-30.69%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	531.80	515.90	-2.99%
Net Income Margin (%)	19.74%	1.59%	-91.95%
P/E Multiple	18.38	164.14	792.87%
Shares Outstanding (Mil)	137.08	137.90	-0.60%
Cumulative Contribution			-30.69%

LTM = Last Twelve Months as of date shown

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
KW	-8.1%
Market (SPY)	53.2%	37.0%
Sector (XLRE)	14.2%	52.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KW Return	-15%	39%	-31%	-16%	-14%	2%	-39%
Peers Return	4%	10%	-39%	72%	-13%	74%	80%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
KW Win Rate	42%	67%	33%	50%	58%	40%
Peers Win Rate	50%	48%	40%	52%	38%	25%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
KW Max Drawdown	-49%	-5%	-37%	-27%	-35%	-38%
Peers Max Drawdown	-29%	-21%	-47%	-10%	-23%	-32%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: OPEN, MAYS, GBR, GYRO, CLBZ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

Unique Key	Event	KW	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-56.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	130.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-49.9%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	99.6%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	590 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-28.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	39.3%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	449 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-81.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	443.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	Not Fully Recovered days	1480 days

Compare to OPEN, MAYS, GBR, GYRO, CLBZ

In The Past

Kennedy-Wilson's stock fell -56.6% during the 2022 Inflation Shock from a high on 3/29/2022. A -56.6% loss requires a 130.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

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About Kennedy-Wilson (KW)

Kennedy-Wilson Holdings, Inc., together with its subsidiaries, operates as a real estate investment company. The company owns, operates, and invests in real estate both on its own and through its investment management platform. It focuses on multifamily and office properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy, and Japan. As of December 31, 2021, the company had ownership interests in 10,460 multifamily units, 4.9 million square feet of office space, 3.4 million square feet of retail and industrial space, and one hotel. It is also involved in the development, redevelopment, and entitlement of real estate properties. The company was founded in 1977 and is headquartered in Beverly Hills, California.

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Here are two analogies to describe Kennedy-Wilson (KW):

A real estate-focused Berkshire Hathaway, owning and developing a global portfolio of income-generating properties instead of diverse businesses.
Like Equity Residential (a major apartment landlord) combined with Prologis (a major industrial landlord), but operating globally and also developing new properties across various sectors.

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Real Estate Investment: Acquiring, developing, and disposing of a diverse portfolio of multi-family, office, and retail properties primarily in the Western U.S., UK, and Ireland.
Property Management: Operating and managing its owned real estate assets, including leasing, maintenance, and tenant relations, to generate rental income and enhance value.

AI Generated Analysis | Feedback

Kennedy-Wilson (symbol: KW) operates as a global real estate investment company. Its business primarily involves the acquisition, ownership, development, and management of real estate properties, as well as providing investment management services. Given this model, the company's significant transactions and major relationships are predominantly with other companies and institutional entities.

Due to the diversified nature of its real estate portfolio and investment activities (including numerous individual and commercial tenants, and varied buyers for property dispositions), Kennedy-Wilson does not publicly disclose or typically have specific, named "major customers" that consistently account for a significant portion of its overall revenue in the traditional sense. Most of its revenue streams are spread across many different entities and transactions.

However, one significant long-term strategic partner that can also be considered a "customer" in specific contexts is:

Fairfax Financial Holdings Ltd. (TSX: FFH, OTC: FRFHF)
While primarily a co-investor and major shareholder of Kennedy-Wilson, Fairfax frequently partners with KW in joint ventures (JVs). In these JVs, Kennedy-Wilson often provides asset and property management services, for which the joint venture (with Fairfax as a significant participant) effectively acts as a customer for these services.

Beyond this unique partnership, Kennedy-Wilson's customer base for its core real estate operations primarily includes the following categories of companies:

Institutional Investors and Real Estate Funds: These entities serve as buyers for properties Kennedy-Wilson disposes of, or as co-investors in joint ventures, often paying asset management or development fees for KW's expertise.
Commercial Businesses: A wide range of companies, from small enterprises to large corporations, lease office, retail, and industrial spaces within Kennedy-Wilson's extensive property portfolio.
Other Real Estate Developers and Investors: These companies acquire land or properties from Kennedy-Wilson for their own development or investment purposes.

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William J. McMorrow, Chairman and CEO

William J. McMorrow acquired Kennedy Wilson in 1988, transforming it into a global real estate investment platform. He has spearheaded the creation of three public companies: Kennedy-Wilson Holdings on the NYSE, Kennedy Wilson Japan on the Tokyo Stock Exchange, and Kennedy Wilson Europe Real Estate Plc on the London Stock Exchange. Before joining Kennedy Wilson in 1988, Mr. McMorrow spent 17 years in the banking industry, holding senior leadership positions at financial service firms such as Imperial Bank and Fidelity Bank.

Justin Enbody, Senior Executive Vice President, Chief Financial Officer

Justin Enbody joined Kennedy Wilson in September 2009 and was appointed Chief Financial Officer in April 2012. He is responsible for all aspects of finance and administration for the company, including strategic planning, financial reporting, and risk management. Prior to his tenure at Kennedy Wilson, Mr. Enbody worked as a senior consultant with RAFS Inc., an independent financial consulting company, and as a senior associate with KPMG LLP.

Matt Windisch, President

Matt Windisch serves as President of Kennedy Wilson, overseeing key business units, corporate acquisitions, and public and private capital market activities. Since joining the company in 2006, he has been instrumental in raising over $20 billion of capital and played a leading role in significant transactions, including Kennedy Wilson's 2009 NYSE listing, the launch of its European business, and the acquisition of Pacific Western Bank's construction loan portfolio. Prior to Kennedy Wilson, Mr. Windisch held various positions in investment banking, strategy, and risk management at JPMorgan.

In Ku Lee, Executive Vice President and General Counsel

In Ku Lee is the Executive Vice President and General Counsel for Kennedy Wilson, where he is responsible for all public company regulatory and corporate governance matters and serves as the Chief Compliance Officer of KW Investment Adviser. He also oversees all legal aspects of the company’s corporate and transactional capital raising activities. Before joining Kennedy Wilson, Mr. Lee served as global corporate counsel at SK Telecom / SK Planet and was a senior associate at Latham & Watkins LLP.

Regina Finnegan, Executive Vice President, Global Director of Risk Management & Human Resources

Regina Finnegan is the Executive Vice President, Global Director of Risk Management and Human Resources for Kennedy Wilson. She oversees risk management for the company's global portfolio of equity and debt investments and is responsible for all human resources matters, including recruiting and employee engagement. Prior to joining Kennedy Wilson in 2015, Ms. Finnegan spent nearly three decades in the insurance industry, including roles as an Executive Vice President at Willis Towers Watson and at Marsh & McLennan, where she focused on complex insurance solutions for global real estate, hospitality, and gaming corporations.

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Kennedy-Wilson (symbol: KW) is a global real estate investment company that primarily focuses on owning, operating, and investing in real estate across various property types and geographies, as well as providing investment management and debt investment services. The company's main products and services encompass investments in multifamily, office, and industrial properties, along with originating and servicing real estate loans.

The addressable markets for Kennedy-Wilson's main products and services are as follows:

Multifamily Residential Real Estate Investment & Management:
- For the U.S. multifamily market, the size was valued at approximately USD 265 billion in 2022 and is projected to reach USD 466 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.31%. Investment sales volume in the U.S. multifamily sector totaled USD 157.7 billion over the trailing twelve months as of the first quarter of 2025.
Office Real Estate Investment & Management:
- The U.S. office real estate market size is estimated at USD 369.58 billion in 2025 and is expected to reach USD 436.81 billion by 2030, with a CAGR of 3.40%.
- The broader European commercial real estate market, which includes office properties, stands at USD 1.55 trillion in 2025 and is forecast to reach USD 2.05 trillion by 2030, reflecting a 5.8% CAGR.
Industrial Real Estate Investment & Management:
- The U.S. industrial real estate market was valued at USD 265.85 billion in 2024 and is projected to grow to USD 279.43 billion in 2025 at a CAGR of 5.1%. It is expected to reach USD 342.39 billion in 2029 at a CAGR of 5.2%.
- The broader European commercial real estate market, which includes industrial properties, stands at USD 1.55 trillion in 2025 and is forecast to reach USD 2.05 trillion by 2030, reflecting a 5.8% CAGR.
Real Estate Debt Investments (Loans secured by real estate):
- The total outstanding value of the U.S. corporate bond market, which includes various forms of debt that can be secured by real estate, was USD 11.4 trillion as of the second quarter of 2025. The overall U.S. bond market is valued at over USD 51 trillion as of April 2023.
Investment Management (including Private Equity Real Estate Funds):
- The global private equity market size was estimated at USD 540.72 billion in 2024 and is predicted to increase to approximately USD 1,349.95 billion by 2034, expanding at a CAGR of 9.58% from 2025 to 2034. Private equity real estate fundraising saw USD 57.1 billion raised in the first quarter of 2025.

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Kennedy-Wilson (KW) is expected to drive future revenue growth over the next two to three years through several key strategic initiatives:

Expansion of the Investment Management Platform and Fee-Bearing Capital: Kennedy-Wilson is focused on significantly expanding its investment management platform and increasing its fee-bearing capital. This includes strategic acquisitions like the Toll Brothers Apartment Living platform, which is anticipated to add approximately $5 billion in assets under management (AUM) and enhance future revenue streams. The company targets over 20% growth in investment management fees and has demonstrated substantial year-to-date growth in this area.
Growth in Rental Housing Portfolio: The company has a strategic focus on expanding its rental housing portfolio, encompassing both multifamily and single-family rental properties, particularly in the U.S. and the UK. Kennedy-Wilson aims to increase its residential portfolio to 90,000-100,000 units over the next 3-4 years. This expansion is expected to benefit from strong rental demand and a national housing shortage.
Growth of the Debt Investment Platform and Loan Originations: Kennedy-Wilson is actively growing its debt investment platform, evidenced by significant new loan originations. The Debt Investment Platform grew to $10.5 billion, with hundreds of millions in new loan originations reported in recent quarters. The company is also exploring expansion into bridge and permanent loans, indicating further diversification and growth in this segment.
Increasing Property Net Operating Income (NOI) and Asset Stabilization: The company anticipates revenue growth through organic Net Operating Income (NOI) increases from its stabilized portfolio and the continued execution of stabilization initiatives on its lease-up properties. The completion of development projects is also expected to contribute significant additional NOI upon stabilization.

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Share Repurchases

On November 4, 2020, Kennedy Wilson expanded its existing share repurchase program from $250 million to $500 million.
As of December 31, 2024, approximately $109.7 million remained authorized for future share repurchases.
The company repurchased $13.3 million of common stock in 2024 and $7.5 million in 2023.

Share Issuance

In 2023, Kennedy Wilson issued 1,690,743 shares for $29.8 million, net of issuance costs, under its At-The-Market (ATM) equity offering program, which was established in May 2022 to issue up to $200.0 million in common stock.
In 2024, the company issued $200 million of Series C cumulative perpetual preferred stock to affiliates of Fairfax Financial Holdings Limited.

Inbound Investments

In 2024, Fairfax Financial Holdings Limited invested $200 million in Kennedy Wilson through the purchase of Series C cumulative perpetual preferred stock.
The company achieved a record $8.8 billion in fee-bearing capital in 2024, demonstrating a 5% increase from the previous year.

Outbound Investments

In 2024, Kennedy Wilson deployed $4 billion of capital into new investments, with 90% allocated to new loan originations for market-rate multifamily and student housing construction in the U.S., and single-family homes for rent in the UK.
In 2023, the company invested $2.3 billion in strategic real estate acquisitions and acquired a $4.1 billion construction loan portfolio, in which Kennedy Wilson held a 5% ownership interest.
Kennedy Wilson is acquiring Toll Brothers' Apartment Living platform for a total purchase price of $347 million, with the company expecting to invest approximately $90 million in the transaction.

Capital Expenditures

In 2023, Kennedy Wilson invested $412 million in property development and renovation projects, focusing on multifamily residential, commercial office spaces, retail property upgrades, and hospitality sector renovations.
The company spent $40 million of cash on development in 2024, a notable decrease from $151 million spent in 2023.
Kennedy Wilson anticipates minimal equity commitments related to its current development projects for fiscal year 2025.

Better Bets than Kennedy-Wilson (KW)

	KW	Better Performance than KW
Metric	Value	INDUSTRY: Real Estate Services
Rev Chg LTM	-3.7%	COMP (24.3%), CIGI (19.7%), CBRE (15.0%), CSGP (14.6%), JLL (12.5%)
Rev Chg 3Y Avg	-0.9%	CSGP (13.1%), CBRE (7.9%), CIGI (6.5%), JLL (6.3%), COMP (2.8%)
Op Mgn LTM	12.2%	FRPH (23.6%), CHCI (20.6%), CLBZ (18.1%), RMAX (15.7%)
CFO/Rev LTM	2.3%	CSGP (11.9%), CIGI (5.3%), JLL (4.4%), CBRE (3.7%), COMP (3.0%)
FCF/Rev LTM	-7.7%	CIGI (4.1%), JLL (3.6%), CBRE (2.9%), COMP (2.8%), CSGP (-1.3%)
Total Yield	6.6%	RMR (18.3%), CHCI (15.5%), RMAX (6.8%)
P/S	2.2	JLL (0.6), COMP (0.7), CBRE (1.1), OPEN (1.3), CIGI (1.5)
P/Op Inc	18.3	RMR (5.4), CWK (8.0), NMRK (13.0), JLL (13.6), HOUS (15.6)

	KW	Better Performance than KW
Metric	Value	SECTOR: Real Estate
Rev Chg LTM	-3.7%	WELL (32.6%), PLD (10.7%), EQIX (5.4%), AMT (4.2%), SPG (4.2%)
Rev Chg 3Y Avg	-0.9%	WELL (20.9%), PLD (18.1%), EQIX (8.5%), SPG (5.7%), AMT (0.1%)
Op Mgn LTM	12.2%	SPG (50.7%), AMT (46.4%), PLD (39.8%), EQIX (20.6%), WELL (16.2%)
CFO/Rev LTM	2.3%	SPG (65.3%), PLD (59.3%), AMT (50.1%), EQIX (41.4%), WELL (28.6%)
FCF/Rev LTM	-7.7%	PLD (59.3%), SPG (50.7%), AMT (35.3%), WELL (28.2%), EQIX (-1.3%)
Total Yield	6.6%	VICI (13.2%), EQR (8.3%), EXR (7.8%), O (6.9%), AMT (6.7%)
P/S	2.2	JLL (0.6), CBRE (1.1), CIGI (1.5), LINE (1.6), HST (2.0)
P/Op Inc	18.3	VICI (9.5), SBAC (13.2), JLL (13.6), OHI (17.4), WPC (17.6)

	KW	Better Performance than KW
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	-3.7%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	-0.9%	NVDA (92.0%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%), AAPL (1.8%)
Op Mgn LTM	12.2%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	2.3%	MSFT (50.0%), NVDA (46.6%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	-7.7%	NVDA (43.6%), MSFT (26.6%), AAPL (23.5%), GOOGL (19.1%), AMZN (2.0%)
Total Yield	6.6%	XOM (10.3%), JNJ (8.4%), UNH (8.1%), BAC (7.7%), JPM (6.7%)
P/S	2.2	UNH (0.7), WMT (1.1), XOM (1.4), COST (1.5), HD (2.2)
P/Op Inc	18.3	UNH (11.9), XOM (12.4), V (16.6), HD (16.8), PG (17.5)

		Best Bets In Real Estate Sector
	KW
What You Pay
P/E	139.9
P/EBIT	4.3
What You Get
Rev Chg Q	-8.7%
Rev Chg LTM	-3.8%
Rev Chg 3Y Avg	-0.9%
FCF/Rev 3Y Avg	-18.7%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 9.6%, alpha of 3.1%, and sharpe of 0.44

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	With Kennedy-Wilson Stock Surging, Have You Considered The Downside?	Return
2	Kennedy-Wilson (KW) Debt Comparison	Financials
3	Kennedy-Wilson (KW) Net Income Comparison	Financials
4	Kennedy-Wilson (KW) Operating Income Comparison	Financials
5	Kennedy-Wilson (KW) Tax Expense Comparison	Financials
6	Kennedy-Wilson (KW) Operating Cash Flow Comparison	Financials
7	Kennedy-Wilson (KW) EBITDA Comparison	Financials
8	Kennedy-Wilson (KW) Revenue Comparison	Financials
9	Why Kennedy-Wilson Stock Moved: KW Stock Has Lost 49% Since 2021 Fiscal End, Primarily Due To Unfavorable Change In Price To Sales Multiple (P/S)
10	KW Dip Buy Analysis

	Title
0	ARTICLES

Trade Ideas

Select past ideas related to KW. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	8.5%	8.5%	-5.8%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
MPW_10312025_Short_Squeeze	10312025	MPW	Medical Properties Trust	Special	Short Squeeze PotentialShort Squeeze Potential Has potential for a short squeeze. High short interest, rising short interest and high debt.	8.5%	8.5%	-5.8%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for Kennedy-Wilson

Peers to compare with:

Financials

	KW	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Kennedy-.	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Mkt Price	9.76	6.94	38.50	0.76	9.50	-	9.50
Mkt Cap	1.3	5.1	0.1	0.0	0.0	-	0.1
Rev LTM	516	4,719	22	0	5	2	14
Op Inc LTM	63	-204	-0	-0	-3	0	-0
FCF LTM	-40	887	0	-0	-2	1	0
FCF 3Y Avg	-102	1,349	0	0	49	-	0
CFO LTM	12	899	3	-0	-2	1	2
CFO 3Y Avg	41	1,374	2	0	49	-	41

Growth & Margins

	KW	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Kennedy-.	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Rev Chg LTM	-3.8%	-4.5%	4.1%	4.1%	-1.2%	-	-1.2%
Rev Chg 3Y Avg	-0.9%	-31.7%	1.7%	5.8%	2.1%	-	1.7%
Rev Chg Q	-8.7%	-33.6%	3.0%	8.1%	-1.8%	-72.9%	-5.3%
QoQ Delta Rev Chg LTM	-2.1%	-8.9%	0.7%	2.0%	-0.2%	-14.4%	-1.2%
Op Mgn LTM	12.2%	-4.3%	-0.7%	-166.9%	-50.0%	18.1%	-2.5%
Op Mgn 3Y Avg	11.7%	-5.4%	-0.9%	-141.8%	-153.7%	-	-5.4%
QoQ Delta Op Mgn LTM	-1.4%	-0.4%	-0.2%	-1.3%	2.6%	-28.2%	-0.9%
CFO/Rev LTM	2.3%	19.1%	11.2%	-26.5%	-43.8%	44.8%	6.8%
CFO/Rev 3Y Avg	7.6%	15.2%	9.2%	0.0%	1,138.1%	-	9.2%
FCF/Rev LTM	-7.7%	18.8%	0.6%	-26.5%	-43.8%	42.3%	-3.5%
FCF/Rev 3Y Avg	-18.7%	14.8%	0.3%	0.0%	1,136.7%	-	0.3%

Valuation

	KW	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Kennedy-.	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
Mkt Cap	1.3	5.1	0.1	0.0	0.0	-	0.1
P/S	2.2	1.3	3.4	38.2	0.2	-	2.2
P/EBIT	4.3	-32.7	-600.8	-22.9	-0.5	-	-22.9
P/E	139.9	-18.7	-562.2	-94.6	23.9	-	-18.7
P/CFO	94.8	6.6	30.4	-144.3	-0.5	-	6.6
Total Yield	6.6%	-5.4%	-0.2%	-1.1%	4.2%	-	-0.2%
Dividend Yield	5.9%	0.0%	0.0%	0.0%	0.0%	-	0.0%
FCF Yield 3Y Avg	-6.1%	60.3%	0.1%	0.1%	3,141.7%	-	0.1%
D/E	4.0	0.3	0.4	0.0	14.6	-	0.4
Net D/E	3.7	0.1	0.3	-0.1	3.6	-	0.3

Returns

	KW	OPEN	MAYS	GBR	GYRO	CLBZ	Median
Name	Kennedy-.	Opendoor.	J. W. Ma.	New Conc.	Gyrodyne	Collab Z
1M Rtn	31.5%	-8.6%	0.7%	-17.0%	-5.1%	-	-5.1%
3M Rtn	14.6%	35.3%	1.3%	-21.8%	-6.9%	-	1.3%
6M Rtn	55.3%	1,005.8%	3.1%	-22.8%	15.0%	-	15.0%
12M Rtn	-8.1%	221.3%	-8.3%	-34.4%	1.7%	-	-8.1%
3Y Rtn	-30.7%	305.8%	-20.7%	-41.9%	7.8%	-	-20.7%
1M Excs Rtn	31.6%	-8.5%	0.8%	-17.0%	-5.0%	-	-5.0%
3M Excs Rtn	8.0%	11.1%	-4.0%	-28.7%	-12.5%	-	-4.0%
6M Excs Rtn	40.5%	991.1%	-11.6%	-37.6%	0.3%	-	0.3%
12M Excs Rtn	-24.2%	183.0%	-21.9%	-50.1%	-17.8%	-	-21.9%
3Y Excs Rtn	-101.5%	208.5%	-93.3%	-117.7%	-66.1%	-	-93.3%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/7/2025	2/28/2025	2/22/2024	2/22/2023	2/25/2022	2/26/2021	2/28/2020
Key Financials
Total Revenue	516	531	563	540	454	454	569
Net Income	8	-33	-304	94	330	110	227
EPS	-0.26	-0.56	-2.46	0.47	2.26	0.66	1.60
Growth Rates
Total Revenue Growth	-3.8%	-5.5%	4.2%	19.0%	-0.1%	-20.2%	-26.4%
Net Income Growth	102.6%	89.1%	-424.2%	-71.6%	200.1%	-51.4%	51.1%
Margins
Net Income Margin	1.6%	-6.2%	-54.0%	17.4%	72.8%	24.3%	39.9%
Cash & Debt
Total Cash	383	218	314	439	525	965	574
Total Debt	4,611	4,785	5,298	5,587	5,435	5,094	5,047
Net Debt / (Cash)	4,228	4,567	4,984	5,148	4,910	4,129	4,473
Cash Flows
Net Cash from Operations	12	55	49	33	-30	-13	-20
Free Cash from Operations	-40	-76	-168	-128	-170	-207	-211
Returns to Shareholders
Dividends	68	144	172	160	141	140	118
Share Repurchases	9	15	21	32	83	57	21

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/7/2025	8/7/2025	5/8/2025	2/28/2025	11/7/2024	8/8/2024	5/9/2024	2/22/2024	11/2/2023	8/4/2023	5/4/2023	2/22/2023
Key Financials Quarterly
Total Revenue	116	136	128	136	128	132	136	140	144	146	132	140
Net Income	-10	4	-30	44	-67	-48	38	-237	-81	47	-33	30
EPS	-0.15	-0.05	-0.30	0.24	-0.56	-0.43	0.19	-1.78	-0.66	0.28	-0.30	0.17
Key Financials TTM
Total Revenue TTM	516	527	523	531	536	552	567	563	562	558	548	540
Net Income TTM	8	-48	-101	-33	-314	-329	-233	-304	-36	69	21	94
Growth Rates Quarterly
Total Revenue Growth	-8.7%	2.8%	-5.9%	-3.3%	-11.3%	-9.9%	3.2%	0.4%	3.0%	7.6%	6.0%	6.2%
Net Income Growth	84.4%	109.3%	-179.1%	118.6%	18.2%	-201.7%	214.9%	-876.7%	-435.0%	4050.0%	-182.0%	-27.0%
Margins Quarterly
Net Income Margin	-8.9%	3.3%	-23.3%	32.5%	-52.2%	-36.5%	27.7%	-169.1%	-56.6%	32.4%	-24.9%	21.8%
Cash & Debt
Total Cash	383	309	357	218	367	366	542	314	331	387	349	439
Total Debt	4,611	4,622	4,998	4,785	5,233	5,222	5,317	5,298	5,251	5,335	5,586	5,587
Net Debt / (Cash)	4,228	4,313	4,642	4,567	4,866	4,855	4,775	4,984	4,920	4,948	5,237	5,148
Cash Flows Quarterly
FCF from Operations	-8	42	-52	30	-6	37	-6	52	-0	65	-67	38
Cash Flows TTM
FCF from Operations TTM	12	14	9	55	77	82	110	49	35	52	25	33
Returns to Shareholders Quarterly
Dividends	17	17	18	16	16	33	34	34	33	34	36	33
Share Repurchases	-0	2	7	0	0	6	9	8	-0	-0	13	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	0.5%	0.9%	1.1%	0.4%	0.8%	1.0%	0.8%	0.5%	1.0%	0.6%	0.4%	0.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	0.5%	1.0%	0.8%	1.0%	0.9%	1.0%	0.9%	0.6%	0.8%	0.4%	0.3%	0.1%

Segment Financials

Assets by Segment

$ Mil	2024	2023	2022	2021	2020
Consolidated	5,196	5,684	5,474	5,562	5,680
Co-Investments	2,316	2,388	2,078	1,396	1,326
Non-segment	200	200	325	370	298
Total	7,712	8,272	7,876	7,329	7,304

Price Behavior

Price Behavior

Market Price	$9.76
Market Cap ($ Bil)	1.3
First Trading Date	12/03/2007
Distance from 52W High	-9.9%
	50 Days	200 Days
DMA Price	$8.60	$7.74
DMA Trend	indeterminate	up
Distance from DMA	13.5%	26.1%
	3M	1YR
Volatility	68.7%	49.2%
Downside Capture	54.85	120.31
Upside Capture	102.72	96.23
Correlation (SPY)	9.9%	39.8%

KW Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.81	0.51	0.62	0.91	0.99	1.06
Up Beta	-2.18	-0.41	0.14	0.65	0.87	0.79
Down Beta	-0.31	0.32	0.06	0.40	1.01	1.05
Up Capture	395%	128%	110%	175%	91%	107%
Bmk +ve Days	13	26	39	74	142	427
Stock +ve Days	10	21	30	66	125	372
Down Capture	34%	32%	78%	73%	112%	107%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	8	18	30	56	118	363

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of KW With Other Asset Classes (Last 1Y)
	KW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-10.8%	-6.8%	15.3%	58.9%	4.6%	-5.8%	-3.1%
Annualized Volatility	49.0%	17.5%	19.7%	19.4%	15.9%	17.8%	35.7%
Sharpe Ratio	-0.09	-0.55	0.60	2.26	0.09	-0.48	0.04
Correlation With Other Assets		50.4%	39.8%	-1.9%	7.4%	53.1%	12.2%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of KW With Other Asset Classes (Last 5Y)
	KW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-5.3%	5.6%	15.0%	17.9%	11.9%	4.9%	37.1%
Annualized Volatility	35.3%	19.2%	17.1%	15.5%	18.9%	19.0%	49.1%
Sharpe Ratio	-0.08	0.21	0.71	0.93	0.52	0.17	0.64
Correlation With Other Assets		56.2%	46.5%	6.4%	11.6%	60.3%	17.8%

Based On 10-Year Data

		Comparison of KW With Other Asset Classes (Last 10Y)
	KW	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.8%	6.6%	14.5%	14.2%	5.6%	5.4%	76.3%
Annualized Volatility	34.4%	20.6%	18.0%	14.8%	17.7%	20.9%	55.9%
Sharpe Ratio	-0.05	0.28	0.69	0.79	0.25	0.23	0.95
Correlation With Other Assets		60.0%	55.9%	0.1%	20.8%	63.7%	12.6%

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	3,425,550
Short Interest: % Change Since 10312025	9.1%
Average Daily Volume	1,848,210
Days-to-Cover Short Interest	1.85
Basic Shares Quantity	137,901,697
Short % of Basic Shares	2.5%

Returns Analyses

	Title
0	With Kennedy-Wilson Stock Surging, Have You Considered The Downside?

SEC Filings

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Report Date	Filing Date	Filing
9302025	11072025	10-Q 9/30/2025
6302025	8072025	10-Q 6/30/2025
3312025	5082025	10-Q 3/31/2025
12312024	2282025	10-K 12/31/2024
9302024	11072024	10-Q 9/30/2024
6302024	8082024	10-Q 6/30/2024
3312024	5092024	10-Q 3/31/2024
12312023	2222024	10-K 12/31/2023
9302023	11022023	10-Q 9/30/2023
6302023	8042023	10-Q 6/30/2023
3312023	5042023	10-Q 3/31/2023
12312022	2222023	10-K 12/31/2022
9302022	11032022	10-Q 9/30/2022
6302022	8052022	10-Q 6/30/2022
3312022	5052022	10-Q 3/31/2022
12312021	2252022	10-K 12/31/2021

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Kennedy-Wilson (KW)

Market Price (12/4/2025): $9.76 | Market Cap: $1.3 BilSector: Real Estate | Industry: Real Estate Services

Kennedy-Wilson (KW)

Market Price (12/4/2025): $9.76Market Cap: $1.3 BilSector: Real EstateIndustry: Real Estate Services

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Market Price (12/4/2025): $9.76 | Market Cap: $1.3 Bil
Sector: Real Estate | Industry: Real Estate Services

Market Price (12/4/2025): $9.76
Market Cap: $1.3 Bil
Sector: Real Estate
Industry: Real Estate Services