Kennedy-Wilson Holdings, Inc. reported a GAAP net income attributable to common shareholders of $33.1 million for Q4 2024, a significant improvement from a net loss of $247.8 million in Q4 2023. For the full year 2024, the GAAP net loss was $76.5 million, compared to a loss of $341.8 million in 2023.
Adjusted EBITDA for Q4 2024 reached $190.8 million, up from a loss of $129.4 million in Q4 2023, while full-year Adjusted EBITDA was $539.7 million, a substantial increase from $189.8 million in 2023. Investment management fees grew by 83% to $29.9 million in Q4 2024, totaling $98.9 million for the full year.
The company generated $122 million in cash from asset sales in Q4 and repaid $262 million in unsecured debt, contributing to $475 million in cash from non-core asset sales for the full year. Multifamily combined same-property NOI grew by 6.5% in Q4 and 3.6% for the full year, with total capital deployment exceeding $4 billion in 2024.
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