Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 223

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 8
Chunk 223
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 primarily through our investment management platform with strategic partners and funds that we manage

•Reposition assets to enhance cash flows post-acquisition

•Explore development opportunities or acquire development assets that fit within our overall investment strategy

•Continuously evaluate and selectively harvest asset and entity value through strategic realizations using both the public and private markets

In order to help the user of the financial statements understand our company, we have included certain five-year selected financial data.  The following table shows selected financial items for the three months ended March 31, 2025 dating back to 2021.

Three Months Ended March 31,($ in millions, except fee bearing capital and AUM which $ in billions)20252024202320222021GAAPRevenues$128.3 $136.4 $132.2 $124.7 $99.4 Net (loss) income attributable to Kennedy-Wilson Holdings, Inc. common shareholders(40.8)26.9 (40.8)34.8 (5.6)Basic (loss) earnings per share of common stock(0.30)0.19 (0.30)0.25 (0.04)Diluted (loss) earnings per share of common stock(0.30)0.19 (0.30)0.24 (0.04)Non-GAAP(1)Adjusted EBITDA$98.2 $203.2 $90.9 $160.1 $127.6 % change(52)%124 %(43)%25 %— %Adjusted Net (Loss) Income$(0.7)$70.5 $5.3 $85.4 $47.0 Adjusted Net (Loss) Income percentage change(101)%1,230 %(94)%82 %— %Non-cash fair value gains$8.9 $1.9 $2.4 $56.6 $5.3 Non-cash carried interests (decreases) increases$(8.2)$(16.4)$(10.7)$27.2 $(0.4)Consolidated NOI$57.0 $59.7 $70.8 $69.4 $53.2 % change(5)%(16)%2 %30 %— %JV NOI$51.2 $44.2