Company: KW
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001408100-25-000092
Chunk: 66

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-03-03
Form: 424B3
Chunk 66
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 loss                                                                                                                |     |                              |       |     |                |        |     |       |   -0.3 |
| Benefit from income taxes                                                                                                 |     |                              |       |     |                |        |     |       |   55.3 |
| Company's share of Interest, Depreciation, and Taxes included in income from unconsolidated investments                   |     |                              |       |     |                |        |     |       | -102.4 |
| EBITDA adjustments to NCI                                                                                                 |     |                              |       |     |                |        |     |       |   29.0 |
| Net loss                                                                                                                  |     |                              |       |     |                |        |     |       | -281.4 |
| Net income attributable to noncontrolling interests                                                                       |     |                              |       |     |                |        |     |       |  -22.4 |
| Preferred dividends                                                                                                       |     |                              |       |     |                |        |     |       |  -38.0 |
| Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders                                                |     |                              |       |     |                |        |     | $     | -341.8 |

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Kennedy Wilson Consolidated Financial Results: Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

Financial Highlights

GAAP net loss to common shareholders was $76.5 million and $341.8 million for the year ended December 31, 2024 and 2023, respectively.

Adjusted EBITDA was $539.7 million for the year ended December 31, 2024, a 189% increase from $189.8 million for 2023. Adjusted segment EBITDA was $554.0 million for the year ended December 31, 2024 and $218.6 million for 2023. The increase in GAAP net income to common shareholders and Adjusted EBITDA is primarily due to (i) higher levels of investment management fees (60% increase) from our real estate debt business as compared to the prior year; and (ii) higher levels of non-cash unrealized fair value gains and lower levels of write downs on carried interests on our investments in our Co-Investment Portfolio as compared to the prior year. Please see "Co-Investment Portfolio Segment" below for a discussion