Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 223

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 223
---
 Less: Gain on sale of real estate, net(65.4)(112.8)Add: Compensation and related89.3 89.4 Add: Carried interests compensation(0.3)(15.5)Add: General and administrative26.8 28.0 Add: Depreciation and amortization101.2 112.2 Add: Interest Expense182.3 195.4 Add: Gain (loss) on early extinguishment of debt2.3 0.5 Less: Other income (loss)13.4 6.0 Add: Provision for income taxes2.5 4.2 Less: NCI adjustments (1)(3.6)(5.4)Add:  Unconsolidated investment adjustments (2)108.4 105.9 Add:  Straight-line and above/below market rents (6)(0.3)(1.0)Less: Properties bought and sold (3)(12.4)(30.9)Less: Other properties excluded (4)(14.8)(4.8)Other Reconciling Items (5)1.5 1.4 Same Property NOI (Net Effective)*$248.4 $246.7 

Same Property - NOI (Net Effective)(6)*For the Nine Months Ended September 30,Same Property (Reported)20252024Office - Same Property$68.2 $71.6 Multifamily Market Rate Portfolio - Same Property142.4 138.4 Multifamily Affordable Portfolio - Same Property37.8 36.7 Same Property NOI (Net Effective)* (Reported)$248.4 $246.7 (*) This is a Non-GAAP financial measure. Please see “Non-GAAP Measures and Certain Definitions” for a further explanation and discussion.

(1) Represents rental revenue and operating expenses and hotel revenue and operating expenses attributable to non-controlling interests.

(2) Represents the Company’s share of unconsolidated investment rental revenues and net operating income, as applicable, which are within the applicable same property population.

(3) Represents properties excluded from the same property population that were purchased or sold during the applicable period.

(4) Represents properties excluded from the same property population that were not stabilized during the applicable period, or retail or industrial properties.

(5) Represents other properties excluded from the same property population that were not classified as a commercial or multifamily property within