Company: KW
Filing Date: 2025-03-03
Form Type: 424B3
Source: 0001408100-25-000092
Chunk: 69

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-03-03
Form: 424B3
Chunk 69
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 |     |               |  0.4 |     | — | % |     |       | 2.1 |     | — | % |

|                 |     | Year Ended December 31, 2023 |      |     |    |   |     |               |     |     |   |   |     |       |      |     |    |   |
|:----------------|:----|:-----------------------------|-----:|:----|---:|:--|:----|:--------------|----:|:----|--:|:--|:----|:------|-----:|:----|---:|:--|
|                 |     | Consolidated                 |      |     |    |   |     | Co-Investment |     |     |   |   |     | Total |      |     |    |   |
| Revenues        |     | $                            |  5.9 |     |  1 | % |     | $             | 0.1 |     | — | % |     | $     |  6.0 |     |  1 | % |
| Net Income      |     |                              | -5.2 |     | -2 | % |     |               |   — |     | — | % |     |       | -5.2 |     | -2 | % |
| Adjusted EBITDA |     |                              | -1.3 |     | -1 | % |     |               | 0.6 |     | 1 | % |     |       | -0.7 |     |  — | % |

Consolidated Portfolio Segment

Rental income was $390.6 million for the year ended December 31, 2024 as compared to $415.3 million for the same period in 2023. The $24.7 million decrease is primarily due to (i) the sale of a building in a wholly-owned office campus in Western United States in the first quarter of 2024 as well as a major tenant vacating from other buildings in the same office campus in the fourth quarter of 2023; (ii) the sale of a retail property in Ireland in the third quarter of 2023 and a retail property in Spain in third quarter of 2024.

Hotel income was $9.3 million for the year ended December 31, 2024 as compared to $57.1 million for 202