Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 90

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 90
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Operational Highlights

Same store property highlights for the three months ended June 30, 2025 include:

• For our 16,911 same property market rate multifamily units for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024:

◦ occupancy increased 0.3% to 94.9%

◦ net operating income increased by 3.1%

◦ total revenues increased by 2.0%

• For our 10,367 same property affordable rate multifamily units for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024:

◦ occupancy was down 1.2% to 93.7%

◦ net operating income increased by 4.9%

◦ total revenues increased by 6.2%

• For 3.3 million square feet of same property office real estate for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024:

◦ occupancy decreased to 91.6% from 93.4%

◦ net operating income increased by (5.7)%

◦ total revenues increased by 2.7%

• Investment Transactions

◦ Consolidated Portfolio:

• (i) Recapitalized and deconsolidated a 1,008 unit wholly-owned multifamily property which reduced the Company’s ownership interests in the asset to 10%; and (ii) sold non-core office assets in Ireland, Italy and the United Kingdom. These dispositions generated $123.1 million of cash to KW and a gain on sale of $52.4 million.

◦ Co-Investment Portfolio:

• Completed $490.8 million in gross real estate acquisitions, which, the Company holds an 11.5% ownership interest.

• Originated $1,237.1 million in new construction loans, completed $523.8 million in additional fundings on existing loans, and realized $321.3 million in repayments, the Company’s share of which were $30.9 million, $16.0 million and $16.1 million respectively

Foreign Exchange - Results of Operations

A significant portion of our investments are located outside of the United States and denominated in foreign currencies. In order to reduce the impact of foreign currency exchange rates we hedge some of our exposure. However, we typically do not hedge future operations or cash flows and,