Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 49

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 49
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 adjustments(1.3)— Net Operating Income$69.4 $38.7 

2021YTDConsolidated PortfolioCo-Investment PortfolioNet (loss) income$(1.6)$18.4 Add: Provision for income taxes2.7 Less: Income from unconsolidated investments(18.4)— Less: Gain on sale of real estate, net(1)(73.5)— Add: Interest expense51.6 7.9 Add: Loss on early extinguishment of debt14.8 — Add: Other loss3.3 4.9 Less: Sale of real estate(1)— (18.6)Less: Loans(1.6)— Less: Investment management(8.1)— Add: Carried interests— 0.4 Add: Cost of real estate sold(1)— 15.9 Add: Compensation and related34.7 — Add: General and administrative 6.8 — Add: Depreciation and amortization 44.4 1.8 Less: Fair value adjustments— (4.3)Less: NCI adjustments(1.9)— Net Operating Income$53.2 $26.4 

62

March 31, 2025($ in millions)ConsolidatedCo-InvestmentCorporateTotalCash(1)$131.9 $— $224.7 $356.6 Real estate4,336.6 — — 4,336.6 Unconsolidated Investments— 2,084.7 — 2,084.7 Loan purchases and originations— 205.1 — 205.1 Accounts receivable and other assets97.9 — 76.2 174.1 Total Assets$4,566.4 $2,289.8 $300.9 $7,157.1 Accounts payable and accrued expenses131.8 — 435.0 566.8 Mortgage debt2,620.7 — — 2,620.7 KW unsecured debt— — 2,053.6 2,053.6 KWE bonds323.8 — — 323.8 Total Liabilities3,076.3 — 2,488.6 5,564.9 Equity1