Kennedy-Wilson's Q4 2024 earnings report demonstrates robust performance, surpassing market expectations. The company's strategic initiatives in real estate and investment management continue to drive growth.
KennedywilsonReal EstateInvestment ManagementEarnings ReportMarket GrowthReal Estate NewsFeb 27, 2025
Kennedy-Wilson's net income in Q4 2024 was $150 million, a 20% increase from the previous quarter.
Kennedy-Wilson's revenue increased by 15% in Q4 2024, reaching $600 million.
Kennedy-Wilson's growth in the real estate sector is driven by strategic investments, international expansion, and a diverse portfolio of properties.
The investment management segment posted a 25% increase in assets under management (AUM), reaching $10 billion.
Kennedy-Wilson plans to further strengthen its portfolio through strategic acquisitions and partnerships, and explore new investment opportunities in emerging markets.
The real estate sector is hoping for a boost from the new government, with fine-tuning of RERA, industry status, and a relook at GST on under-construction homes topping the agenda.
The Ministry of Statistics & Programme Implementation (MoSPI) recently organized a brainstorming session to improve response to surveys from high-income groups and gated societies.
Senior lawyer and former Rajya Sabha MP Mahesh Jethmalani has strongly criticized the indictment against the Adani Group in the United States, stating that there is no allegation of bribery in India and the case is speculative and lacks evidence.
Analysts are optimistic about the future performance of HUDCO, Anant Raj, and other key stocks in the real estate and manufacturing sectors. The target price for HUDCO is set at Rs 900 to Rs 950 per share, expected to be achieved within the next 12-18 mon
Vishal Garg, the founder and CEO of Better.com, has announced the shutdown of the company's real estate unit, leading to significant layoffs. This decision comes amidst a challenging period for the mortgage industry.
The Mumbai real estate market is entering a phase of stability, a positive sign for developers, investors, and homebuyers alike. According to Prashant Sharma, President of NAREDCO Maharashtra, the market is showing promising signs of recovery and growth.