Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 246

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 246
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, the carrying value of the Company's investment in VHH was $362.8 million and $333.9 million, respectively. For the nine months ended September 30, 2025, VHH had distributions of $8.4 million and equity income pickup of $36.4 million, which included $28 million relating to fair value adjustments. The increase in the current period primarily relates to increased NOI at the properties. As of September 30, 2025, VHH totaled 12,995 units including 1,960 units under development.  Capital Commitments

    As of September 30, 2025, Kennedy Wilson had unfulfilled capital commitments totaling $212.4 million to eight of its unconsolidated joint ventures, including $33.5 million relating to the Funds, under their respective operating agreements. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of such capital commitment obligations. 

NOTE 5—FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION

    The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of September 30, 2025:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,697.7 $1,697.7 Net currency derivative contracts— (38.8)— (38.8)Total$— $(38.8)$1,697.7 $1,658.9     The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2024:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,884.4 $1,884.4 Net currency derivative contracts— (1.2)— (1.2)Total$— $(1.2)$1,884.4 $1,883.2 Unconsolidated Investments        Kennedy Wilson elected to use the fair value option for 73 unconsolidated co-investments to more accurately reflect the timing of the value created in the underlying investments and report those results in current operations