Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 126

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 126
---
 31, 2024 through 2021:

March 31,December 31,(in millions)20252024202320222021Cash and cash equivalents$356.6 $217.5 $313.7 $439.3 $524.8 Total assets7,157.1 6,961.1 7,712.1 8,271.8 7,876.5 Mortgage debt2,620.7 2,597.2 2,840.9 3,018.0 2,959.8 KW unsecured debt2,053.6 1,877.9 1,934.3 2,062.6 1,852.3 KWE unsecured bonds323.8 309.8 522.8 506.4 622.8 Kennedy Wilson equity1,558.0 1,601.2 1,755.1 1,964.0 1,777.6 Noncontrolling interests34.2 34.8 43.3 46.4 26.3 Total equity1,592.2 1,636.0 1,798.4 2,010.4 1,803.9 Common shares outstanding138.3 137.4 138.7 137.8 138.0 

The following table shows the historical U.S. federal income tax treatment of Company’s common stock dividend for the years ended December 31, 2024 through 2020:  

December 31,20242023202220212020Taxable Dividend100.00 %— %37.81 %— %27.14 %Non-Taxable Return of Capital— %100.00 %62.19 %100.00 %72.86 %Total100.00 %100.00 %100.00 %100.00 %100.00 %

Year to Date Highlights

During the three months ended March 31, 2025, we achieved the following:

•Originated $724.1 million ($18.1 million at our share) of new senior construction loans through our debt investment platform

•Generated total investment management fees of $25.0 million, an increase of 17% from the first quarter of 2024

•Continued to see strength in