Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 3

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 3
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3.547.2Non-cash carried interests (decreases) increases(49.7)(64.3)(21.1)117.92.7Consolidated Portfolio NOI(1)234.2274.3294.2255.8262.3% change(14.6)%(6.8)%15.0 %(2.5)%— %Co-Investment Portfolio NOI(1) 190.5168.3157.6124.4102.5% change13.2 %6.8 %26.7 %21.4 %— %Fee-bearing capital8.8 8.45.95.03.9% change4.8 %42.4 %18.0 %28.2 %— %AUM28.0 24.5 23.0 21.6 17.6 % change14.3 %6.5 %6.5 %22.7 %— %

(1) Please refer to "Certain Non-GAAP Measures and Reconciliations" for a reconciliation of certain non-GAAP items to U.S. GAAP.     

2

Table of Contents

    The table below highlights some of the Company's balance sheet metrics over the past five years:  

(In millions)As of December 31, 20242023202220212020Balance sheet data:Cash and cash equivalents$217.5 $313.7 $439.3 $524.8 $965.1 Total assets6,961.1 7,712.1 8,271.8 7,876.5 7,329.0 Mortgage debt2,597.2 2,840.9 3,018.0 2,959.8 2,589.8 KW unsecured debt1,877.9 1,934.3 2,062.6 1,852.3 1,332.2 KWE unsecured bonds309.8 522.8 506.4 622.8 1,172.5 Kennedy Wilson equity1,601.2 1,755.1 1,964.0 1,777.6 1,644.5 Noncontrolling interests34.8 43.3 46.4 26.3