Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 267

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 267
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 addition, the Company manages real estate assets and loans for the Company's equity partner. In the Company's capacity as manager it earns fees (including, without limitation, asset management fees, construction management fees, and/or acquisition and disposition fees) and carried interests.The following tables summarize income activity by segment for the three and nine months ended September 30, 2025 and 2024 and balance sheet data as of September 30, 2025 and December 31, 2024:

28

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

Three Months Ended September 30, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$87.2 $— $87.2 Investment management fees— 23.4 23.4 Loans— 5.7 5.7 Total segment revenue87.2 29.1 116.3 Income from unconsolidated investmentsPrincipal co-investments— 25.7 25.7 Carried interests— 8.8 8.8 Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)— 36.1 36.1 Income from unconsolidated investments— 70.6 70.6 Gain on sale of real estate, net11.1 — 11.1 Segment ExpensesRental34.7 — 34.7 Compensation and related6.9 12.7 19.6 Carried interests compensation — 3.0 3.0 General and administrative2.2 3.7 5.9 Other loss 2.1 0.7 2.8 Other segment items(1)1.5 (0.1)1.4 Total segment expenses47.4 20.0 67.4 Segment Adjusted EBITDA50.9 79.7 130.6 Reconciliation of Segment Adjusted EBITDA to net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholdersOther revenue0.1 Compensation and related, corporate(10.5)General and administrative, corporate(1.7)Depreciation and amortization(32.6)Interest expense(58.4)Loss on early extinguishment of debt(0.2)Other income