Company: KW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001408100-25-000179
Chunk: 343

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 343
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1)$51.8 $19.0 $44.6 $195.5 $423.5 

(1)  See "Non-GAAP Measures and Certain Definitions" for definitions and discussion of Adjusted Net Income.

Net Operating Income

76

2025QTDYTDConsolidated PortfolioCo-Investment PortfolioConsolidated PortfolioCo-Investment PortfolioNet (loss) income   $(10.2)$34.5 $(34.2)$45.7 Add: Provision for (benefit from) income taxes3.0 — 2.5 — Less: (Income) loss  from unconsolidated investments(34.5)— (45.7)— Less: Gain on sale of real estate, net(1)(11.1)(17.1)(65.4)(17.1)Add: Interest expense58.4 35.1 182.3 100.5 Add: Loss on early extinguishment of debt0.2 — 2.3 — Add: Other loss2.6 7.0 13.4 22.7 Less: Sale of real estate(1)— (14.7)— (31.3)Less: Investment management(23.4)— (84.8)— Less: Other(0.1)— (0.6)— Less: Loans(5.7)— (17.2)— Add: Carried interests— (8.8)— 1.4 Add: Cost of real estate sold(1)— 12.6 — 30.3 Add: Compensation and related30.1 — 89.3 — Add: Carried interests expense3.0 — (0.3)— Add: General and administrative 7.6 — 26.8 — Add: Depreciation and amortization 32.6 1.0 101.2 2.8 Add: Fair value adjustments— 2.6 — 1.5 Less: NCI adjustments(1.6)— (5.8)— Net Operating Income$50.9 $52.2 $163.8 $156.5 

(1) The Company’s joint ventures in its Co-Investment business segment predominantly acquire and hold and may ultimately dispose of operating properties which are presented