Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 304

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 304
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1 Gain on sale of real estate, net6.2 — 6.2 Segment ExpensesRental39.0 — 39.0 Compensation and related7.6 12.0 19.6 Carried interests compensation — (5.5)(5.5)General and administrative3.7 4.5 8.2 Other loss3.3 1.5 4.8 Other segment items(1)1.9 (0.2)1.7 Total segment expenses55.5 12.3 67.8 Segment Adjusted EBITDA48.5 32.0 80.5 Reconciliation of Segment Adjusted EBITDA to net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholdersOther revenue0.5 Compensation and related, corporate(10.4)General and administrative, corporate(2.0)Depreciation and amortization(36.9)Interest expense(66.9)Loss on early extinguishment of debt(0.3)Other loss, corporate(8.3)Benefit from income taxes10.7 Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)(35.4)Income from unconsolidated investments excluded from Segment Adjusted EBITDA1.7 Net income(66.8)Net loss attributable to noncontrolling interests0.2 Preferred dividends(10.8)Net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders$(77.4)

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Financial Highlights

    GAAP net loss to common shareholders was $21.2 million and $77.4 million for the three months ended September 30, 2025 and 2024, respectively. The increase in GAAP net income to common shareholders is primarily due to higher gain on sale of real estate, net and improvements in fair value fluctuations in the current period. 

    Segment Adjusted EBITDA was $130.6 million and $80.5 million for the three months ended September 30, 2025 and 2024, respectively. 

    Operational Highlights

    Same store property highlights for the three months ended September 30, 2025 include:

•For our 16,813 same property market rate multifamily units for the three months ended September 30, 2025 as compared to the three