Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 237

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 237
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.3 Total$21.6 $27.7 $7.1 $— $1.4 $1.1 $1.1 $138.5 $31.2 $167.3 Operating distributions resulted from operating cash flow generated by the joint venture investments that have been distributed to the Company. Investing distributions related to: (i) recapitalization of a portion of the Company's interest in Kona Village, (ii) receipt of excess proceeds from multifamily properties that were refinanced, (iii) the payoff of a loan in the Company's European debt platform and (iv) the redemption of our interests in certain hedge funds.Income (Loss) from Unconsolidated Investments    The following table presents (loss) income from unconsolidated investments recorded by Kennedy Wilson during the three and six months ended June 30, 2025 and 2024:Three Months Ended June 30,Six Months Ended June 30,(Dollars in millions)2025202420252024Income from unconsolidated investments - operating performance$8.9 $6.0 $19.6 $13.8 (Loss) income from unconsolidated investments - fair value(7.1)(11.8)1.8 (9.9)Loss from unconsolidated investments - carried interests Funds(0.2)(10.7)(5.5)(25.6)Loss from unconsolidated investments - carried interests co-investments(1.8)(1.6)(4.7)(3.1)$(0.2)$(18.1)$11.2 $(24.8)

15

Kennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements(Unaudited)

    The increase in income from unconsolidated investments related to the following items: (i) increase in rental operations due to the growth of our Co-Investment Portfolio and (ii) improved hotel operations at Kona Village as the property moves closer towards stabilization. These increases were offset by lower gains on sale of homes at Kohanaiki and higher interest expense due to higher mortgage balances from the increase in investments in the Co-Investment Portfolio.   During the six months ended June 30, 2025, the Company recorded fair value increases with respect to: (i) non-cash fair value gains on multifamily assets in Western United States and Ireland from increased NOI