Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 137

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 137
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-Wilson Holdings, Inc. common shareholders in the tables below.Consolidated Portfolio     Consolidated Portfolio is a permanent capital vehicle focused on maximizing property cash flow. These assets are primarily wholly-owned and tend to have longer hold periods and the Company targets investments with accretive asset management opportunities. The Company typically focuses on multifamily and office assets in the Western United States and office assets in the United Kingdom and Ireland within this segment.Co-Investment Portfolio     Co-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate, that the Company has made through the commingled funds and joint ventures that it manages. The Company utilizes different platforms in the Co-Investment Portfolio segment depending on the asset and risk return profiles.In addition, the Company manages real estate assets and loans for the Company's equity partner. In the Company's capacity as manager it earns fees (including, without limitation, asset management fees, construction management fees, and/or acquisition and disposition fees) and carried interests.The following tables summarize income activity by segment for the three and six months ended June 30, 2025 and 2024 and balance sheet data as of June 30, 2025 and December 31, 2024:

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Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

Three Months Ended June 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$93.3 $— $93.3 Investment management fees— 36.4 36.4 Loans— 5.7 5.7 Total segment revenue93.3 42.1 135.4 Income from unconsolidated investmentsPrincipal co-investments— 1.8 1.8 Carried interests— (2.0)(2.0)Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)34.2 34.2 Income from unconsolidated investments— 34.0 34.0 Gain on sale of real estate, net55.1 — 55.1 Segment ExpensesRental35.4 — 35.4 Compensation and related8.7 12.6 21.3 Carried interests compensation — (0.6)(0.6)General and