Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 185

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 185
---
 ownership interest in these acquisitions.  Acquired three additional sites for our UK single family platform.

▪Originated $1,961.2 million in new construction loans, completed $802.7 million in additional fundings on existing loans, and realized $802.7 million in repayments, the Company’s share of which were $49.0 million, $26.3 million and $39.8 million respectively. 

    Foreign Exchange - Results of Operations

    A significant portion of our investments are located outside of the United States and denominated in foreign currencies.  In order to reduce the impact of foreign currency exchange rates we hedge some of our exposure.  However we typically do not hedge future operations or cash flows and, therefore, changes in foreign currency rates will have an impact on our results of operations.  We have included the table below to illustrate the impact these fluctuations have had on our revenues, net income and Adjusted EBITDA by applying the relevant exchange rates for the prior period.  Please refer to the Currency Risk - Foreign Currencies section in Item 3 for a discussion of risks relating to foreign currency and our hedging strategy and the "Other Comprehensive Income" section below for a discussion of the balance sheet impact of foreign currency movements on our results of operations.  

Six Months Ended June 30, 2025(dollars in millions)ConsolidatedCo-InvestmentTotalRevenues$2.3 1 %$0.3 — %$2.6 1 %Net (loss) income  (4.3)(9)%22.3 47 %18.0 38 %Segment Adjusted EBITDA(2.1)(1)%24.2 10 %22.1 9 %Six Months Ended June 30, 2024(dollars in millions)ConsolidatedCo-InvestmentTotalRevenues$(0.6)— %$(0.1)— %$(0.7)— %Net (loss) income1.0 3 %3.4 11 %4.4 14 %Segment Adjusted EBITDA0.5 — %3.0 1 %3.5 1 %

    Consolidated Portfolio Segment

Rental income decreased to $190.6 million for the six months ended June 30, 2025 as compared to $195.2 million for the same period in 2024