Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 76

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 76
---
 | % |
| Total                         |     |              | 100.00 | % |     |      | 100.00 | % |     |      | 100.00 | % |     |      | 100.00 | % |     |      | 100.00 | % |

#### Quarter to Date Highlights
During the three months ended September 30, 2025, we achieved the following:

• Originated $603.4 million ($15.1 million at our share) of new senior construction loans through our debt investment platform.

• Generated total investment management fees of $23.4 million, an increase of 8% from the third quarter of 2024.

• Continued to see strength in our stabilized multifamily portfolio which saw same-property revenue growth of 2.1% and same-property NOI growth of 2.5%.

• Sold three (3) non-core assets: a wholly-owned, 88-unit multifamily property located in the Mountain West, an office property in Italy, and a UK retail asset for a combined total of $32 million. These non-core asset sales generated $23 million of cash and a gain on sale of $11 million to KW .

#### •

Cash Generation: Completed recapitalization of a multifamily portfolio consisting of nine (9) properties, totaling 2,809 units, reducing the Company's ownership from 51% to 10% and generating $138 million of cash to the Company. Additionally, the Company completed a recapitalization of a 687-unit Southern California multifamily community, reducing the Company's ownership from 51% to 10% through a new joint venture, generating $17 million of cash to the Company.

For the three months ended September 30, 2025, we had net loss attributable to Kennedy-Wilson Holdings, Inc. common shareholders of $21.2 million as compared to $77.4 million for the same period in 2024. These results include $36.0 million and $64.0 million of non-cash items for the three months ended September 30, 2025 and September 30, 2024, respectively, which primarily consist of depreciation and amortization and changes in fair value (depreciation and amortization of $32.6 million and $36.9 million and fair value decrease of $3.3 million and 21.3 million, respectively). For the three months ended September 30, 2025 we had Adjusted EBITDA