Company: KW
Filing Date: 2025-08-08
Form Type: 424B3
Source: 0001408100-25-000150
Chunk: 92

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-08-08
Form: 424B3
Chunk 92
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|:--|:----|:--------------|----:|:----|--:|:--|:----|:------|-----:|:----|--:|:--|
| (dollars in millions) |     | Consolidated                     |      |     |    |   |     | Co-Investment |     |     |   |   |     | Total |      |     |   |   |
| Revenues              |     | $                                | -0.2 |     |  — | % |     | $             |   — |     | — | % |     | $     | -0.2 |     | — | % |
| Net (loss) income     |     |                                  | -0.8 |     | -1 | % |     |               | 1.9 |     | 3 | % |     |       |  1.1 |     | 2 | % |
| Adjusted EBITDA       |     |                                  | -1.0 |     | -1 | % |     |               | 1.7 |     | 2 | % |     |       |  0.7 |     | 1 | % |

#### Consolidated Portfolio Segment
Rental income was $93.3 million for the three months ended June 30, 2025 as compared to $97.8 million for the same period in 2024. The $4.5 million decrease is primarily due to asset sales the majority of which were non-core assets in Europe and the Western United States, as well as deconsolidations of multifamily properties in the prior year as a result of asset recapitalizations that resulted in the Company not maintaining sole control of the investments and the investments moving to our investment management business and our Co-Investment Portfolio segment. These decreases have been offset by certain multifamily developments that have been completed and are now operating properties.

Gain on sale of real estate, net was $55.1 million for the three months ended June 30, 2025 as compared to $0.2 million during the same period in 2024. The gain on sale of real estate, net during the three months ended June 30, 2025 was due to (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,