Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 31

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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Comprehensive income (loss), net of taxes and noncontrolling interests, for the three months ended June 30, 2025 and 2024 was income of $17.6 million and a loss of $56.8 million, respectively.  The Company experienced net unrealized gains on foreign currency through other comprehensive income for the period due to strengthening of the euro against the GBP and the U.S. Dollar.  These translation gains were offset by hedge losses the Company has on its GBP denominated investments. 

60

Kennedy Wilson Consolidated Financial Results: Six Months Ended June 30, 2025 Compared to the Six Months Ended June 30, 2024 

Six Months Ended June 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$190.6 $— $190.6 Investment management fees— 61.4 61.4 Loans— 11.5 11.5 Total segment revenue190.6 72.9 263.5 Income from unconsolidated investmentsPrincipal co-investments— 21.4 21.4 Carried interests— (10.2)(10.2)Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)— 67.2 67.2 Income from unconsolidated investments— 78.4 78.4 Gain on sale of real estate, net54.3 — 54.3 Segment ExpensesRental73.5 — 73.5 Compensation and related14.5 24.2 38.7 Carried interests compensation — (3.3)(3.3)General and administrative6.9 8.9 15.8 Other loss1.9 2.8 4.7 Other segment items(1)5.0 (0.2)4.8 Total segment expenses101.8 32.4 134.2 Segment Adjusted EBITDA143.1 118.9 262.0 Reconciliation of Segment Adjusted EBITDA to net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholdersOther revenue0.5 Compensation and related, corporate(20.5)General and administrative, corporate(3.4)Depreciation and amort