Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 206

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 206
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 accretive asset management opportunities. The Company typically focuses on multifamily and office assets in the Western United States and office assets in the United Kingdom and Ireland within this segment.Co-Investment PortfolioCo-Investment Portfolio consists of the co-investments in real estate and real estate-related assets, including loans secured by real estate, that the Company has made through the commingled funds and joint ventures that it manages. The Company utilizes different platforms in the Co-Investment Portfolio segment depending on the asset and risk return profiles.In 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 the income and expense activity by segment for the years ended December 31, 2024, 2023 and 2022 and total assets as of December 31, 2024 and 2023.

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Table of ContentsKennedy-Wilson Holdings, Inc.Notes to Consolidated Financial Statements—(continued)December 31, 2024 2023 and 2022

Year Ended December 31, 2024(Dollars in millions)ConsolidatedCo-InvestmentsTotalSegment RevenueRental$390.6 $— $390.6 Hotel9.3 — 9.3 Investment management fees— 98.9 98.9 Loans— 31.2 31.2 Total segment revenue399.9 130.1 530.0 Income from unconsolidated investmentsPrincipal co-investments— 56.2 56.2 Carried interests— (49.7)(49.7)Company's share of Interest, Depreciation, and Taxes included in income from unconsolidated investments— 135.4 135.4 Income from unconsolidated investments— 141.9 141.9 Gain on sale of real estate, net160.1 — 160.1 Segment ExpensesRental150.0 — 150.0 Hotel7.6 — 7.6 Compensation and related39.4 49.1 88.5 Carried interests compensation— (16.6)(16.6)General and administrative14.9 16.7 31.6 Other (income) loss