Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 104

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 104
---
     | 25 | % |
| Segment Adjusted EBITDA |     |                                      | -1.5 |     |  — | % |     |               | 27.6 |     |  7 | % |     |       | 26.1 |     |  7 | % |

|                         |     | Nine Months Ended September 30, 2024 |      |     |    |   |     |               |      |     |   |   |     |       |     |     |   |   |
|:------------------------|:----|:-------------------------------------|-----:|:----|---:|:--|:----|:--------------|-----:|:----|--:|:--|:----|:------|----:|:----|--:|:--|
| (dollars in millions)   |     | Consolidated                         |      |     |    |   |     | Co-Investment |      |     |   |   |     | Total |     |     |   |   |
| Revenues                |     | $                                    |  0.1 |     |  — | % |     | $             | -0.1 |     | — | % |     | $     |   — |     | — | % |
| Net (loss) income       |     |                                      | -5.2 |     | -5 | % |     |               |  6.2 |     | 6 | % |     |       | 1.0 |     | 1 | % |
| Segment Adjusted EBITDA |     |                                      | -5.1 |     | -1 | % |     |               |  5.8 |     | 1 | % |     |       | 0.7 |     | — | % |

#### Consolidated Portfolio Segment
Rental income decreased to $277.8 million for the nine months ended September 30, 2025 as compared to $293.0 million for the same period in 2024. The $15.2 million decrease is due to the sale and deconsolidation of consolidation of assets which was offset by the stabilization of recently completed developments as well as rental growth of properties held period over period.

Hotel income was $9.3 million nine months ended September 30, 2024 with no comparable activity in the current period as we sold the Shelbourne hotel in the first quarter of