Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 27

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 27
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2 |     | $    |        979.6 |
| Buildings                                                                                        |     |      |  3,419.0 |     |      |      3,548.7 |
| Building improvements                                                                            |     |      |    408.7 |     |      |        466.9 |
| In-place lease values                                                                            |     |      |    250.4 |     |      |        244.3 |
|                                                                                                  |     |      |  5,042.3 |     |      |      5,239.5 |
| Less accumulated depreciation and amortization                                                   |     |      |   -963.5 |     |      |       -949.1 |
| Real estate and acquired in place lease values, net of accumulated depreciation and amortization |     | $    |  4,078.8 |     | $    |      4,290.4 |

Real property, including land, buildings, and building improvements are included in real estate and are generally stated at cost. Buildings and building improvements are depreciated on a straight-line method over their estimated lives not to exceed 40 years.

Acquired in-place lease values are recorded at their estimated fair value and amortized over their respective weighted-average lease term which was 7.3 years at June 30, 2025.

Consolidated Acquisitions

The purchase of property is recorded to land, buildings, building improvements, and intangible lease value (including the value of above-market and below-market leases, acquired in-place lease values, and tenant relationships, if any) based on their respective estimated relative fair values. The purchase price generally approximates the fair value of the properties as acquisitions are transacted with willing third-party sellers.

During the six months ended June 30, 2025, Kennedy Wilson spent $25.7 million for the consolidated acquisition of an industrial development in the United Kingdom.

Gain on Sale of Real Estate, Net

During the six months ended June 30, 2025, Kennedy Wilson recognized gain on sale of real estate, net of $54.3 million. This includes gain on sale of (i) the sale of 90% equity interest and deconsolidation of a wholly-owned multifamily property, which generated $39.5 million in cash and a gain of $32.2 million; (ii) the sale of non-core office assets in Ireland, Italy and the United Kingdom for a gain of $21.7 million;