Company: KW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001408100-25-000147
Chunk: 239

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 239
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30, 2025 and December 31, 2024, the carrying value of the Company's investment in VHH was $343.3 million and $333.9 million, respectively. For the six months ended June 30, 2025, VHH had distributions of $5.7 million and equity income pickup of $14.5 million, which included $8.9 million relating to fair value adjustments. The increase in the current period primarily relates to increased NOI at the properties. As of  June 30, 2025, VHH totaled 12,695 units including 1,870 units under development.  Capital Commitments

    As of June 30, 2025, Kennedy Wilson had unfulfilled capital commitments totaling $227.8 million to eight of its unconsolidated joint ventures, including $40.3 million relating to the Funds, under their respective operating agreements. The Company may be called upon to contribute additional capital to joint ventures in satisfaction of such capital commitment obligations. 

16

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

NOTE 5—FAIR VALUE MEASUREMENTS AND THE FAIR VALUE OPTION

    The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of June 30, 2025:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,829.6 $1,829.6 Net currency derivative contracts— (58.7)— (58.7)Total$— $(58.7)$1,829.6 $1,770.9     The following table presents fair value measurements (including items that are required to be measured at fair value and items for which the fair value option has been elected) as of December 31, 2024:(Dollars in millions)Level 1Level 2Level 3TotalUnconsolidated investments$— $— $1,884.4 $1,884.4 Net currency derivative contracts— (1.2)— (1.2)Total$— $(1.2)$1,884.4 $1,883.2 Unconsolidated Investments        Kennedy Wilson elected to