Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 38

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 38
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 paid to common and preferred shareholders and noncontrolling interests as well as financing activities for 

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consolidated real estate investments.  Net cash provided by financing activities totaled $218.8 million for the three months ended March 31, 2025.  We drew $170.0 million on our revolving line of credit.  We made $4.8 million of repayments on mortgage debt primarily.  During the three months ended March 31, 2025, we paid common dividends of $18.3 million and preferred dividends of $10.9 million and we repurchased $6.7 million of our common stock under our share repurchase plan. We received $90.5 million in cash in our real estate credit platform from our partners that we held as of  March 31, 2025 to fund loans in the second quarter 2025 as well as a loan that paid off that will be distributed to partners in the second quarter 2025.    

    Net cash used in financing activities totaled $9.8 million for the three months ended March 31, 2024. We drew $100.0 million on our revolving line of credit. Kennedy Wilson received proceeds of $73.4 million from mortgage loans to refinance consolidated property loans. These proceeds were offset by the repayment of $127.8 million of mortgage debt primarily related to proceeds from the 90 East building sale. During the three months ended March 31, 2024, we paid common dividends of $34.1 million and preferred dividends of $10.9 million and we repurchased $9.1 million of our common stock under our share repurchase plan.

Contractual Obligations and Commercial Commitments

    At March 31, 2025, Kennedy Wilson's contractual cash obligations, including debt, operating leases and ground leases, included the following:

Payments Due by Period(9)(Dollars in millions)TotalLess than 1 year1-3 years4-5 yearsAfter 5 yearsContractual Obligations(6)Borrowings:(1) (4)Mortgage Debt(2) (4)$2,635.7 $96.8 $1,251.0 $513.0 $774.9 Senior notes(3) (4)1,800.0 — — 1,200.0 600.0 Credit Facility(4)272.7 — 272.7