KW's share of gains and net performance allocations totaled $212 million, a decrease of $473 million in FY-22: KW's share of property NOI, loan income and fees totaled $510 million in FY-22, an increase of $76 million or 18% from FY-21. $928 million in FY-21) Driven By Higher Recurring Investment Income Offset By Lower Gains: FY-22 Adjusted EBITDA of $592 million (vs.a loss of $1 million in Q4-21) and primarily related to the decrease in value of the Company's interest rate hedging derivative contracts during Q4-22.Ĭompensation and related expenses decreased by $6 million or 17% from Q4-21 Other loss totaled $10 million in Q4-22 (vs. Increases in fair value and net performance allocation totaled $21 million (vs. Realized gains from asset sales totaled $53 million in Q4-22, a $60 million increase from Q4-21 KW's share of gains from the sale of real estate, changes in fair values and performance allocation totaled $74 million, a decrease of $37 million from Q4-21: KW's share of property NOI, loan income and fees totaled $128 million, an increase of $2 million from Q4-21. $187 million in Q4-21) Driven By Higher Recurring Investment Income Offset By Lower Gains: Q4-22 Adjusted EBITDA of $147 million (vs.(Amounts in millions, except per share data) Looking ahead, we remain focused on growing our recurring cash flow in 2023 through the delivery of several key development projects, organic NOI growth, and the continued expansion of our investment management platform.” “Our 2022 operating results were highlighted with solid growth of 11% in our multifamily same property NOI. “In 2022 we successfully executed on our key initiatives including delivering double-digit growth of both Estimated Annual NOI and Fee-Bearing Capital,” said William McMorrow, Chairman and CEO of Kennedy Wilson. (NYSE: KW), a leading global real estate investment company with $23 billion in AUM that owns, operates, and invests in real estate both on its own and through its investment management platform, today reported the following results for the fourth quarter and full year of 2022: Kennedy Wilson Reports Q4 and Full Year 2022 Results
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