Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 220

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 220
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75.3 Add: Interest Expense123.9 128.5 Add: Gain (loss) on early extinguishment of debt2.1 0.2 Less: Other income (loss)10.8 (7.1)Add: Provision for income taxes(0.5)14.9 Less: NCI adjustments (1)(3.9)(4.1)Add:  Unconsolidated investment adjustments (2)72.8 70.5 Add:  Straight-line and above/below market rents (6)(0.2)(0.9)Less: Properties bought and sold (3)(4.6)(14.2)Less: Other properties excluded (4)(7.9)(2.9)Other Reconciling Items (5)2.7 2.0 Same Property NOI (Net Effective)*$176.0 $173.1 

Same Property - NOI (Net Effective)(6)*For the Six Months Ended June 30,Same Property (Reported)20252024Office - Same Property$47.1 $48.9 Multifamily Market Rate Portfolio - Same Property103.6 100.0 Multifamily Affordable Portfolio - Same Property25.3 24.2 Same Property NOI (Net Effective)* (Reported)$176.0 $173.1 (*) This is a Non-GAAP financial measure. Please see “Non-GAAP Measures and Certain Definitions” for a further explanation and discussion.

(1) Represents rental revenue and operating expenses and hotel revenue and operating expenses attributable to non-controlling interests.

(2) Represents the Company’s share of unconsolidated investment rental revenues and net operating income, as applicable, which are within the applicable same property population.

(3) Represents properties excluded from the same property population that were purchased or sold during the applicable period.

(4) Represents properties excluded from the same property population that were not stabilized during the applicable period, or retail or industrial properties.

(5) Represents other properties excluded from the same property population that were not classified as a commercial or multifamily property within the Company’s portfolio. Also includes immaterial adjustments for foreign exchange rates, changes in ownership percentages, and certain non-recurring income and expenses.

(6) Excludes above/below market rents from the same property population, as they are representative of non-cash purchase price accounting income.

Item 3.Quantitative and Qualitative Disclosures About Market