Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 352

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 352
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: Properties bought and sold (3)0.5 (8.4)Less: Other properties excluded (4)(5.4)(2.2)Other Reconciling Items (5)1.1 1.3 Same Property NOI (Net Effective)*$86.0 $85.7 

83

Same Property - NOI (Net Effective)(6)*For the Three Months Ended September 30,Same Property (Reported)20252024Office - Same Property$22.5 $23.7 Multifamily Market Rate Portfolio - Same Property50.4 48.9 Multifamily Affordable Portfolio - Same Property13.1 13.1 Same Property NOI (Net Effective)* (Reported)$86.0 $85.7 

Same Property - NOI (Net Effective)(6)*For the Nine Months Ended September 30,20252024Net Income$(34.2)$(77.4)Less: Investment management fees(84.8)(69.0)Less: Loans(17.2)(23.7)Less: Other(0.6)(0.9)Less: Total Income from unconsolidated investments(45.7)45.1 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