Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 31

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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4)Unrealized foreign currency translation (losses) gains, net of noncontrolling interests and tax(11.6)37.4 Unrealized foreign currency derivative contract gains (losses), net of noncontrolling interests and tax7.5 (5.2)Comprehensive loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(25.3)$(45.2)

The main currencies that we have exposure to are the euro and pound sterling. The table below represents the change in rates over the three months ended September 30, 2025 and 2024 as compared to the U.S. Dollar:

Three Months Ended September 30,20252024Euro(0.1)%3.9 %GBP(1.9)%6.0 %

Comprehensive loss, net of taxes and noncontrolling interests, for the three months ended September 30, 2025 and 2024 was income of $25.3 million and a loss of $45.2 million, respectively.  The Company experienced net unrealized losses on foreign currency through other comprehensive loss for the period due to weakening of the euro and GBP against the U.S. Dollar.  These translation losses were offset by hedge gains the Company has on its GBP denominated investments. 

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Kennedy Wilson Consolidated Financial Results: Nine Months Ended September 30, 2025 Compared to the Nine Months Ended September 30, 2024 

Nine Months Ended September 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$277.8 $— $277.8 Investment management fees— 84.8 84.8 Loans— 17.2 17.2 Total segment revenue277.8 102.0 379.8 Income from unconsolidated investmentsPrincipal co-investments— 47.1 47.1 Carried interests— (1.4)(1.4)Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)— 103.3 103.3 Income from unconsolidated investments— 149.0 149.0 Gain on sale of real estate, net65.4 — 65.4 Segment ExpensesRental108.2 — 108.2 Compensation and related21.4 36.9 58