Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 222

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 222
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0.4 — — 0.4 — 0.4 — N/AN/A20243 LotsHawaii— 16.5 — — 16.5 — 16.5 — N/AN/A2020LandHawaii— 0.7 — — 0.7 — 0.7 — N/A19122010Grand Total$2,611.7 $1,073.2 $3,447.1 $466.9 $979.6 $4,015.6 $4,995.2 $(716.1)(1) The tax basis of all the properties in aggregate totaled $4,047.3 million.(2) Excludes acquired in place lease values.(3) For assets that were consolidated the date acquired represents when the asset was presented as real estate not when initially acquired by Kennedy Wilson.

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Changes in real estate for the years ended December 31, 2024, 2023 and 2022 were as follows:For the year ended December 31,(Dollars in millions)202420232022Balance at the beginning of period$5,518.7 $5,775.3 $5,567.3 Additions during the period:Other acquisitions16.6 — 167.6 Improvements119.7 218.6 604.2 Foreign currency(73.8)90.9 (226.0)Deductions during the period:Cost of real estate sold(586.0)(566.1)(337.8)Balance at close of period$4,995.2 $5,518.7 $5,775.3 Changes in accumulated depreciation for the years ended December 31, 2024, 2023 and 2022 were as follows:For the year ended December 31,(Dollars in millions)202420232022Balance at the beginning of period$702.1 $619.6 $564.0 Additions during the period:Depreciation expense132.5 136.5 133.8 Deductions during the period:Dispositions(106.0)(66.5)(50.8)Foreign currency(12.5)12.5 (27.4)Balance at close of period$716.1 $702.1 $619