Company: KW
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001408100-25-000115
Chunk: 114

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 114
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 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 and corporate for the three months ended March 31, 2025 and 2024 and balance sheet data as of March 31, 2025 and December 31, 2024:

25

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

Three Months Ended March 31, 2025(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$97.3 $— $97.3 Investment management fees— 25.0 25.0 Loans— 5.8 5.8 Total segment revenue97.3 30.8 128.1 Income (loss) from unconsolidated investmentsPrincipal co-investments— 19.6 19.6 Carried interests— (8.2)(8.2)Company's share of interest, depreciation, and taxes included in income from unconsolidated investments(1)— 33.0 33.0 Income from unconsolidated investments— 44.4 44.4 Loss on sale of real estate, net(0.8)— (0.8)Segment ExpensesRental38.1 — 38.1 Compensation and related5.8 11.6 17.4 Carried interests compensation — (2.7)(2.7)General and administrative3.3 5.2 8.5 Other loss0.4 0.6 1.0 Other segment items(1)2.2 (0.1)2.1 Total segment expenses49.8 14.6 64.4 Segment EBITDA46.7 60.6 107.3 Reconciliation of Segment EBITDA to net (loss) attributable to Kennedy-Wilson Holdings, Inc. Common ShareholdersOther revenue0.2 Compensation and related, corporate(9.5)General and administrative, corporate(1.9)Depreciation and amortization(34.1)Interest expense(61.4)Other loss, corporate(4.2)Benefit from