Company: KW
Filing Date: 2025-11-07
Form Type: 424B3
Source: 0001408100-25-000180
Chunk: 27

Company: Kennedy-Wilson Holdings, Inc.
Filing Date: 2025-11-07
Form: 424B3
Chunk 27
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 the period that the applicable expenses are incurred, which is generally ratably throughout the term of the lease. The reimbursements are recognized in rental income in the consolidated statements of operations as the Company is the primary obligor with respect to purchasing and selecting goods and services from third-party vendors and bearing the associated credit risk.

The following table summarizes the minimum lease payments due from the Company's customers on leases with lease periods greater than one year at September 30, 2025:

| (Dollars in millions) |     | Minimum            
 Rental Revenues(1) |       |
|:----------------------|:----|:-------------------|------:|
| 2025 (remainder)      |     | $                  |  28.7 |
| 2026                  |     |                    | 107.0 |
| 2027                  |     |                    |  97.7 |
| 2028                  |     |                    |  84.2 |
| 2029                  |     |                    |  66.4 |
| Thereafter            |     |                    | 125.2 |
| Total                 |     | $                  | 509.2 |

(1) These amounts do not reflect future rental revenues from the renewal or replacement of existing leases, rental increases that are not fixed and exclude reimbursements of rental expenses.

#### NOTE 4—UNCONSOLIDATED INVESTMENTS
Kennedy Wilson has a number of joint venture interests including commingled funds and separate accounts, generally ranging from 5% to 50%, that were formed to acquire, manage, develop, service and/or sell real estate. Kennedy Wilson has significant influence over these entities, but not control. Accordingly, these investments are accounted for under the equity method. In many of these investments, Kennedy Wilson earns customary fees in its role as asset manager which are recorded to investment management fees on the statement of operations.

Joint Venture and Fund Holdings

The following table details Kennedy Wilson's investments in joint ventures by investment type and geographic location as of September 30, 2025:

| (Dollars in millions) |     | Multifamily |         |     | Commercial |       |     | Hotel |       |     | Funds |       |     | Residential and Other |       |     | Total |         |
|:----------------------|:----|:------------|--------:|:----|:-----------|------:|:----|:------|------:|:----|:------|