Company: KW
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001408100-25-000084
Chunk: 1

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 1
Chunk 1
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— 901 10 %Real Estate Credit(primarily secured by Rental Housing Assets)Real estate debt investments - 100% (billions)4.9 $— $4.9 5 %Industrial and Other Real Estate InvestmentsIndustrial square feet (millions)(2)12.4 — 12.4 18 %US Office square feet (millions)(2)5.8 1.4 4.4 34 %Europe Office square feet (millions)(2)4.6 2.5 2.1 58 %Retail square feet (millions)(2)2.1 1.1 1.0 48 %Hotels(2)1 — 150 %

(1)Weighted-average ownership percentages

(2)Includes amounts for properties that are stabilized, under development and unstabilized.

As of December 31, 2024, our global team, managed $28.0 billion of AUM (as noted above) of which $27.0 billion is operating properties and real estate loans (excluding development properties) which produced total revenue of $2.0 billion ($739.9 million at KW's share) compared to $22.8 billion of operating properties as of December 31, 2023 with total revenue of $1.8 billion ($736.0 million at KW's share). In addition, as of December 31, 2024, we held interests in 118 real estate loans in our global debt platform, 81% of which have floating interest rates, with an average interest rate of 8.0% per annum, and an unpaid principal balance of $4.9 billion ($256.1 million at KW's share) compared to 101 real estate loans, 85% of which had floating interest rates, with an average interest rates of 9.4% per annum, and an unpaid principal balance of $4.9 billion ($263.0 million at KW's share) during the same period in 2023.  During the year ended December 31, 2024, the Company also completed a total of $797.6 million of gross acquisitions and $3.5 billion of loan investments (KW's ownership interest of 13.3% and 2.5%, respectively) and $1.2 billion of gross dispositions and $1.0 billion of loan repayments (KW's ownership interest of 61.