Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 20

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 2
Chunk 20
---
 of Interest, Depreciation, and Taxes included in income from unconsolidated investments(1)— 32.2 32.2 Income from unconsolidated investments— 25.5 25.5 Gain on sale of real estate, net106.4 — 106.4 Segment ExpensesRental37.2 — 37.2 Hotel7.6 — 7.6 Compensation and related9.7 8.1 17.8 Carried interests compensation — (5.5)(5.5)General and administrative3.8 2.9 6.7 Other (income) loss(2.7)5.5 2.8 Other segment items(1)2.1 (0.2)1.9 Total segment expenses57.7 10.8 68.5 Segment EBITDA155.4 44.1 199.5 Reconciliation of Segment EBITDA to net income attributable to Kennedy-Wilson Holdings, Inc. Common ShareholdersOther revenue0.3 Compensation and related, corporate(9.8)General and administrative, corporate(1.6)Depreciation and amortization(38.9)Interest expense(64.7)Gain on early extinguishment of debt0.3 Other income, corporate9.6 Provision for income taxes(26.7)Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)(32.2)Income from unconsolidated investments excluded from Segment EBITDA1.9 Net income37.7 Net loss attributable to noncontrolling interests0.1 Preferred dividends(10.9)Net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders$26.9 

(1) See "Non-GAAP Measures and Certain Definitions" section for definitions and discussion of Adjusted EBITDA

46

Financial Highlights

    GAAP net loss to common shareholders was $40.8 million and $26.9 million for the three months ended March 31, 2025 and 2024, respectively.  The decrease in net income attributable to Kennedy-Wilson Holdings, Inc. common shareholders for the three months ended March 31, 2025 as compared to the same period in 2024, was primarily due to (i) the sale of the Shel