Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 74

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 74
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 to Kennedy-Wilson Holdings, Inc. common shareholders for the three months ended June 30, 2025 as compared to the same period in 2024, was primarily due to (i) the recapitalization and deconsolidation of a 1,008 unit wholly-owned multifamily property in which the Company's ownership was reduced from 100% to 10%, (ii) the sale of two non-core office buildings in Ireland with minimal sales activity in the prior period; (iii) higher investment management fees relating to a development completion fee related to the completion of a Southern California multifamily development project and an increase in acquisition fees in our construction loan business due to more loan closings compared to the prior period; and (iv) fair value gains on real estate and foreign exchange movements within unconsolidated investments in the current period compared to fair value losses and higher reversals of carried interest accruals in the prior period.

#### Year to Date Highlights
During the six months ended June 30, 2025, we achieved the following:

• Originated $1,961.2 million ($49.0 million at our share) of new senior construction loans through our debt investment platform

• Generated total investment management fees of $61.4 million, an increase of 29.5% from the first six months of 2024

• Continued to see strength in our stabilized multifamily portfolio which saw same-store occupancy grow by 0.1% to 94.6%, same-property revenue growth of 3.0%, and same-property NOI growth of 3.9%

• Acquired an industrial development site in the United Kingdom for $48 million, which we expect to recapitalize with a partner in Consolidated portfolio and six multifamily properties in the Mountain West and an industrial property in the Pacific Northwest for $493.7 million. KW has a 12.1% ownership interest in these acquisitions in the Co-Investment Portfolio. Acquired three additional sites for our UK single family platform.

• Recapitalization of Bella Vista which generated $39.5 million in cash and a gain of $32.2 million and sold non-core office assets in Ireland, Italy and the United Kingdom and residential lots in Hawaii for $216 million. The dispositions generated $92.5 million of cash to KW and a gain on sale of $22.4 million.

For the six months ended June 30, 2025, we had net loss attributable to Kennedy-Wilson Holdings, Inc